Gold Intraday: consolidation in place
Jan 7, 2026 10:16 AM
short positions below 4480 with targets at 4441 & 4426 in extension.
Pivot: 4480
Our preference:
short positions below 4480 with targets at 4441 & 4426 in extension.
Alternative scenario:
above 4480 look for further upside with 4500 & 4513 as targets.
Comment:
as long as 4480 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
4513
4500
4480
4463 Last
4441
4426
4396
Our preference:
short positions below 4480 with targets at 4441 & 4426 in extension.
Alternative scenario:
above 4480 look for further upside with 4500 & 4513 as targets.
Comment:
as long as 4480 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
4513
4500
4480
4463 Last
4441
4426
4396
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