Gold Intraday: the downside prevails.
Gold (XAU/USD)
-25.52-0.55%
short positions below 4600 with targets at 4560 & 4540 in extension.
Pivot: 4600
Our preference: short positions below 4600 with targets at 4560 & 4540 in extension.
Alternative scenario: above 4600 look for further upside with 4620 & 4640 as targets.
Comment: the RSI is below its neutrality area at 50%
Supports and resistances:
4640
4620
4600
4581 Last
4560
4540
4515
Our preference: short positions below 4600 with targets at 4560 & 4540 in extension.
Alternative scenario: above 4600 look for further upside with 4620 & 4640 as targets.
Comment: the RSI is below its neutrality area at 50%
Supports and resistances:
4640
4620
4600
4581 Last
4560
4540
4515
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