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Gold Intraday: consolidation in place
May 4, 2026 9:51 AM
short positions below 4606 with targets at 4560 & 4540 in extension.
Pivot: 4606
Our preference:
short positions below 4606 with targets at 4560 & 4540 in extension.
Alternative scenario:
above 4606 look for further upside with 4627 & 4645 as targets.
Comment:
the RSI is bearish and calls for further decline.
Supports and resistances:
4645
4627
4606
4580 Last
4560
4540
4520
Our preference:
short positions below 4606 with targets at 4560 & 4540 in extension.
Alternative scenario:
above 4606 look for further upside with 4627 & 4645 as targets.
Comment:
the RSI is bearish and calls for further decline.
Supports and resistances:
4645
4627
4606
4580 Last
4560
4540
4520
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