Gold Intraday: intraday support around 4835.
Gold (XAU/USD)
+39.52+0.83%
long positions above 4835 with targets at 4910 & 4940 in extension.
Pivot: 4835
Our preference: long positions above 4835 with targets at 4910 & 4940 in extension.
Alternative scenario: below 4835 look for further downside with 4805 & 4785 as targets.
Comment: technically the RSI is above its neutrality area at 50.
Supports and resistances:
4975
4940
4910
4866 Last
4835
4805
4785
Our preference: long positions above 4835 with targets at 4910 & 4940 in extension.
Alternative scenario: below 4835 look for further downside with 4805 & 4785 as targets.
Comment: technically the RSI is above its neutrality area at 50.
Supports and resistances:
4975
4940
4910
4866 Last
4835
4805
4785
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