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Gold Intraday: choppy
Mar 8, 2026 11:33 PM
short positions below 5175 with targets at 5050 & 4995 in extension.
Pivot: 5175
Our preference:
short positions below 5175 with targets at 5050 & 4995 in extension.
Alternative scenario:
above 5175 look for further upside with 5225 & 5265 as targets.
Comment:
as long as 5175 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
5265
5225
5175
5101 Last
5050
4995
4940
Our preference:
short positions below 5175 with targets at 5050 & 4995 in extension.
Alternative scenario:
above 5175 look for further upside with 5225 & 5265 as targets.
Comment:
as long as 5175 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
5265
5225
5175
5101 Last
5050
4995
4940
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