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Gold Intraday: bullish bias above 4680
May 7, 2026 4:59 AM
long positions above 4680 with targets at 4720 & 4750 in extension.
Pivot: 4680
Our preference:
long positions above 4680 with targets at 4720 & 4750 in extension.
Alternative scenario:
below 4680 look for further downside with 4650 & 4625 as targets.
Comment:
the RSI is around its neutrality area at 50%
Supports and resistances:
4770
4750
4720
4695 Last
4680
4650
4625
Our preference:
long positions above 4680 with targets at 4720 & 4750 in extension.
Alternative scenario:
below 4680 look for further downside with 4650 & 4625 as targets.
Comment:
the RSI is around its neutrality area at 50%
Supports and resistances:
4770
4750
4720
4695 Last
4680
4650
4625
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