Our pivot point is at 4,360.
Our preference : The upside prevails as long as 4,360 is support, with 4,444 and 4,466 as targets
Alternative scenario : below 4,360, expect 4,324 and 4,303.
Comment : the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. The price is above its 20 and 50 period moving average (respectively at 4,382 and 4,359). The Gold is trading above its upper Bollinger band (standing at 4,397).
Supports and resistances :
4,508 **
4,487 *
4,466 **
4,444
4,401 last
4,374
4,360 **
4,324 *
4,303 **
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