Gold Short Term: towards 3500.

Gold (XAU/USD)
-3.32-0.08%
short positions below 4380 with targets at 3880 & 3500 in extension.
image
Pivot: 4380

Our preference: short positions below 4380 with targets at 3880 & 3500 in extension.

Alternative scenario: above 4380 look for further upside with 4580 & 4770 as targets.

Comment: a break below 3880 would trigger a drop towards 3500.

Supports and resistances:
4770 **
4580 ***
4380 ***
3982 Last
3880 **
3500 ***
3310 *

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
goTop
quote