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Gold Intraday: further advance
May 11, 2026 11:41 PM
long positions above 4705 with targets at 4795 & 4830 in extension.
Pivot: 4705
Our preference:
long positions above 4705 with targets at 4795 & 4830 in extension.
Alternative scenario:
below 4705 look for further downside with 4680 & 4650 as targets.
Comment:
the RSI shows upside momentum.
Supports and resistances:
4855 **
4830 **
4795 **
4758 Last
4705 ***
4680 **
4650 ***
Our preference:
long positions above 4705 with targets at 4795 & 4830 in extension.
Alternative scenario:
below 4705 look for further downside with 4680 & 4650 as targets.
Comment:
the RSI shows upside momentum.
Supports and resistances:
4855 **
4830 **
4795 **
4758 Last
4705 ***
4680 **
4650 ***
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Gold
4364.41
7.1999999999998
+16.50%