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Gold Intraday: watch 4590
Apr 7, 2026 1:12 AM
short positions below 4690 with targets at 4620 & 4590 in extension.
Pivot: 4690
Our preference:
short positions below 4690 with targets at 4620 & 4590 in extension.
Alternative scenario:
above 4690 look for further upside with 4720 & 4745 as targets.
Comment:
the upward potential is likely to be limited by the resistance at 4690.
Supports and resistances:
4745
4720
4690
4654 Last
4620
4590
4555
Our preference:
short positions below 4690 with targets at 4620 & 4590 in extension.
Alternative scenario:
above 4690 look for further upside with 4720 & 4745 as targets.
Comment:
the upward potential is likely to be limited by the resistance at 4690.
Supports and resistances:
4745
4720
4690
4654 Last
4620
4590
4555
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