Gold Intraday: bullish bias above 4785
Jan 21, 2026 10:29 AM
long positions above 4785 with targets at 4887 & 4930 in extension.
Pivot: 4785
Our preference:
long positions above 4785 with targets at 4887 & 4930 in extension.
Alternative scenario:
below 4785 look for further downside with 4748 & 4715 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
4970
4930
4887
4863 Last
4785
4748
4715
Our preference:
long positions above 4785 with targets at 4887 & 4930 in extension.
Alternative scenario:
below 4785 look for further downside with 4748 & 4715 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
4970
4930
4887
4863 Last
4785
4748
4715
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