Gold Intraday: choppy
Jan 15, 2026 8:07 AM
short positions below 4620 with targets at 4580 & 4560 in extension.
Pivot: 4620
Our preference:
short positions below 4620 with targets at 4580 & 4560 in extension.
Alternative scenario:
above 4620 look for further upside with 4640 & 4655 as targets.
Comment:
as long as 4620 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
4655
4640
4620
4602 Last
4580
4560
4545
Our preference:
short positions below 4620 with targets at 4580 & 4560 in extension.
Alternative scenario:
above 4620 look for further upside with 4640 & 4655 as targets.
Comment:
as long as 4620 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
4655
4640
4620
4602 Last
4580
4560
4545
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