Gold Intraday: key resistance at 5340.
Gold (XAU/USD)
+53.51+1.01%
short positions below 5340 with targets at 5260 & 5215 in extension.
Pivot: 5340
Our preference: short positions below 5340 with targets at 5260 & 5215 in extension.
Alternative scenario: above 5340 look for further upside with 5385 & 5415 as targets.
Comment: the index currently faces a challenging resistance area at 5340.
Supports and resistances:
5415
5385
5340
5336 Last
5260
5215
5165
Our preference: short positions below 5340 with targets at 5260 & 5215 in extension.
Alternative scenario: above 5340 look for further upside with 5385 & 5415 as targets.
Comment: the index currently faces a challenging resistance area at 5340.
Supports and resistances:
5415
5385
5340
5336 Last
5260
5215
5165
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