Gold Intraday: rebound in sight.
Gold (XAU/USD)
+25.58+0.50%
long positions above 5130 with targets at 5225 & 5260 in extension.
Pivot: 5130
Our preference: long positions above 5130 with targets at 5225 & 5260 in extension.
Alternative scenario: below 5130 look for further downside with 5080 & 5050 as targets.
Comment: the RSI calls for a bounce.
Supports and resistances:
5295
5260
5225
5191 Last
5130
5080
5050
Our preference: long positions above 5130 with targets at 5225 & 5260 in extension.
Alternative scenario: below 5130 look for further downside with 5080 & 5050 as targets.
Comment: the RSI calls for a bounce.
Supports and resistances:
5295
5260
5225
5191 Last
5130
5080
5050
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