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Gold Short Term: watch 4260
Apr 5, 2026 8:55 AM
short positions below 4850 with targets at 4260 & 4100 in extension.
Pivot: 4850
Our preference:
short positions below 4850 with targets at 4260 & 4100 in extension.
Alternative scenario:
above 4850 look for further upside with 5000 & 5175 as targets.
Comment:
as long as 4850 is resistance, expect a return to 4260.
Supports and resistances:
5175
5000
4850
4675 Last
4260
4100
3930
Our preference:
short positions below 4850 with targets at 4260 & 4100 in extension.
Alternative scenario:
above 4850 look for further upside with 5000 & 5175 as targets.
Comment:
as long as 4850 is resistance, expect a return to 4260.
Supports and resistances:
5175
5000
4850
4675 Last
4260
4100
3930
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