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Gold Intraday: intraday support around 4800
Apr 16, 2026 9:57 AM
long positions above 4800 with targets at 4838 & 4853 in extension.
Pivot: 4800
Our preference:
long positions above 4800 with targets at 4838 & 4853 in extension.
Alternative scenario:
below 4800 look for further downside with 4785 & 4770 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
4870
4853
4838
4815 Last
4800
4785
4770
Our preference:
long positions above 4800 with targets at 4838 & 4853 in extension.
Alternative scenario:
below 4800 look for further downside with 4785 & 4770 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
4870
4853
4838
4815 Last
4800
4785
4770
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