Gold Intraday: Pivot threshold in sight
Gold (XAU/USD)
-35.49-0.81%
The upside prevails as long as 4,386 is support, with 4,485 and 4,507 as targets
Our pivot point is at 4,386.
Our preference: The upside prevails as long as 4,386 is support, with 4,485 and 4,507 as targets
Alternative scenario: below 4,386, expect 4,348 and 4,326.
Comment: The asset's price is approaching our pivot level at a critical juncture, leaving little room for the asset to reverse its current trajectory.
Supports and resistances:
4,530 *
4,507 **
4,485
4,398 last
4,386 **
4,348 *
4,326 **
Our preference: The upside prevails as long as 4,386 is support, with 4,485 and 4,507 as targets
Alternative scenario: below 4,386, expect 4,348 and 4,326.
Comment: The asset's price is approaching our pivot level at a critical juncture, leaving little room for the asset to reverse its current trajectory.
Supports and resistances:
4,530 *
4,507 **
4,485
4,398 last
4,386 **
4,348 *
4,326 **
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