Gold Intraday: supported by a rising trend line.
Gold (XAU/USD)
-22.28-0.49%
long positions above 4515 with targets at 4570 & 4595 in extension.
Pivot: 4515
Our preference: long positions above 4515 with targets at 4570 & 4595 in extension.
Alternative scenario: below 4515 look for further downside with 4490 & 4465 as targets.
Comment: the RSI has just landed on its neutrality area at 50% and is turning up.
Supports and resistances:
4620 *
4595 ***
4570 **
4541 Last
4515 ***
4490 **
4465 **
Our preference: long positions above 4515 with targets at 4570 & 4595 in extension.
Alternative scenario: below 4515 look for further downside with 4490 & 4465 as targets.
Comment: the RSI has just landed on its neutrality area at 50% and is turning up.
Supports and resistances:
4620 *
4595 ***
4570 **
4541 Last
4515 ***
4490 **
4465 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
