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Gold Middle Term: expect 4100
May 15, 2026 2:27 AM
short positions below 5000 with targets at 4100 & 3880 in extension.
Pivot: 5000
Our preference:
short positions below 5000 with targets at 4100 & 3880 in extension.
Alternative scenario:
above 5000 look for further upside with 5300 & 5600 as targets.
Comment:
as long as 5000 is resistance, expect a return to 4100.
Supports and resistances:
5600 **
5300 ***
5000 ***
4610 Last
4100 ***
3880 **
3500 **
Our preference:
short positions below 5000 with targets at 4100 & 3880 in extension.
Alternative scenario:
above 5000 look for further upside with 5300 & 5600 as targets.
Comment:
as long as 5000 is resistance, expect a return to 4100.
Supports and resistances:
5600 **
5300 ***
5000 ***
4610 Last
4100 ***
3880 **
3500 **
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