Gold Middle Term: watch 3500

Pivot: 4580
Our preference:
short positions below 4580 with targets at 3500 & 3120 in extension.
Alternative scenario:
above 4580 look for further upside with 4890 & 5300 as targets.
Comment:
as long as 4580 is resistance, likely decline to 3500.
Supports and resistances:
5300 **
4890 ***
4580 ***
4105 Last
3500 ***
3120 **
2760 **