Gold Intraday: bullish bias above 5130.
Gold (XAU/USD)
+24.66+0.48%
long positions above 5130 with targets at 5195 & 5225 in extension.
Pivot: 5130
Our preference: long positions above 5130 with targets at 5195 & 5225 in extension.
Alternative scenario: below 5130 look for further downside with 5080 & 5050 as targets.
Comment: the RSI is mixed and calls for caution.
Supports and resistances:
5260
5225
5195
5157 Last
5130
5080
5050
Our preference: long positions above 5130 with targets at 5195 & 5225 in extension.
Alternative scenario: below 5130 look for further downside with 5080 & 5050 as targets.
Comment: the RSI is mixed and calls for caution.
Supports and resistances:
5260
5225
5195
5157 Last
5130
5080
5050
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