Gold Intraday: watch 4770.
Gold (XAU/USD)
+4.82+0.10%
short positions below 4812 with targets at 4770 & 4755 in extension.
Pivot: 4812
Our preference: short positions below 4812 with targets at 4770 & 4755 in extension.
Alternative scenario: above 4812 look for further upside with 4833 & 4853 as targets.
Comment: as long as the resistance at 4812 is not surpassed, the risk of the break below 4770 remains high.
Supports and resistances:
4853
4833
4812
4794 Last
4770
4755
4740
Our preference: short positions below 4812 with targets at 4770 & 4755 in extension.
Alternative scenario: above 4812 look for further upside with 4833 & 4853 as targets.
Comment: as long as the resistance at 4812 is not surpassed, the risk of the break below 4770 remains high.
Supports and resistances:
4853
4833
4812
4794 Last
4770
4755
4740
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