Gold Intraday: consolidation
Jan 21, 2026 11:05 PM
short positions below 4860 with targets at 4785 & 4755 in extension.
Pivot: 4860
Our preference:
short positions below 4860 with targets at 4785 & 4755 in extension.
Alternative scenario:
above 4860 look for further upside with 4887 & 4924 as targets.
Comment:
as long as 4860 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
4924
4887
4860
4831 Last
4785
4755
4725
Our preference:
short positions below 4860 with targets at 4785 & 4755 in extension.
Alternative scenario:
above 4860 look for further upside with 4887 & 4924 as targets.
Comment:
as long as 4860 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
4924
4887
4860
4831 Last
4785
4755
4725
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