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Gold Intraday: choppy
May 10, 2026 11:33 PM
short positions below 4745 with targets at 4660 & 4625 in extension.
Pivot: 4745
Our preference:
short positions below 4745 with targets at 4660 & 4625 in extension.
Alternative scenario:
above 4745 look for further upside with 4765 & 4800 as targets.
Comment:
as long as 4745 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
4800 *
4765 **
4745 ***
4694 Last
4660 **
4625 *
4585 *
Our preference:
short positions below 4745 with targets at 4660 & 4625 in extension.
Alternative scenario:
above 4745 look for further upside with 4765 & 4800 as targets.
Comment:
as long as 4745 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
4800 *
4765 **
4745 ***
4694 Last
4660 **
4625 *
4585 *
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