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Gold Short Term: target 4550
Apr 20, 2026 12:56 AM
short positions below 4855 with targets at 4550 & 4260 in extension.
Pivot: 4855
Our preference:
short positions below 4855 with targets at 4550 & 4260 in extension.
Alternative scenario:
above 4855 look for further upside with 5000 & 5175 as targets.
Comment:
the upward potential is likely to be limited by the resistance at 4855.
Supports and resistances:
5175
5000
4855
4768 Last
4550
4260
4100
Our preference:
short positions below 4855 with targets at 4550 & 4260 in extension.
Alternative scenario:
above 4855 look for further upside with 5000 & 5175 as targets.
Comment:
the upward potential is likely to be limited by the resistance at 4855.
Supports and resistances:
5175
5000
4855
4768 Last
4550
4260
4100
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