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Gold Intraday: bullish bias above 4680
May 8, 2026 9:36 AM
long positions above 4680 with targets at 4765 & 4800 in extension.
Pivot: 4680
Our preference:
long positions above 4680 with targets at 4765 & 4800 in extension.
Alternative scenario:
below 4680 look for further downside with 4660 & 4640 as targets.
Comment:
a support base at 4680 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
4830
4800
4765
4717 Last
4680
4660
4640
Our preference:
long positions above 4680 with targets at 4765 & 4800 in extension.
Alternative scenario:
below 4680 look for further downside with 4660 & 4640 as targets.
Comment:
a support base at 4680 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
4830
4800
4765
4717 Last
4680
4660
4640
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