Gold Intraday: choppy
Jan 16, 2026 5:56 AM
short positions below 4624 with targets at 4582 & 4568 in extension.
Pivot: 4624
Our preference:
short positions below 4624 with targets at 4582 & 4568 in extension.
Alternative scenario:
above 4624 look for further upside with 4642 & 4660 as targets.
Comment:
as long as 4624 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
4660
4642
4624
4612 Last
4582
4568
4540
Our preference:
short positions below 4624 with targets at 4582 & 4568 in extension.
Alternative scenario:
above 4624 look for further upside with 4642 & 4660 as targets.
Comment:
as long as 4624 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
4660
4642
4624
4612 Last
4582
4568
4540
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