Gold Intraday: key resistance at 5195.
Gold (XAU/USD)
+24.81+0.48%
short positions below 5195 with targets at 5120 & 5080 in extension.
Pivot: 5195
Our preference: short positions below 5195 with targets at 5120 & 5080 in extension.
Alternative scenario: above 5195 look for further upside with 5225 & 5260 as targets.
Comment: as long as 5195 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
5260
5225
5195
5164 Last
5120
5080
5050
Our preference: short positions below 5195 with targets at 5120 & 5080 in extension.
Alternative scenario: above 5195 look for further upside with 5225 & 5260 as targets.
Comment: as long as 5195 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
5260
5225
5195
5164 Last
5120
5080
5050
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