Gold may rise to 5140 - 5175.

Gold may rise to 5140 - 5175.

Pivot 5060
Our preference : Long positions above 5060 with targets at 5140 & 5175 in extension.

Alternative scenario Below 5060 look for further downside with 5025 & 4995 as targets.

Comment : Intraday technical indicators are mixed and call for caution.