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Gold Intraday: the downside prevails
May 15, 2026 8:09 PM
short positions below 4605 with targets at 4511 & 4475 in extension.
Pivot: 4605
Our preference:
short positions below 4605 with targets at 4511 & 4475 in extension.
Alternative scenario:
above 4605 look for further upside with 4645 & 4690 as targets.
Comment:
the RSI calls for a new downleg.
Supports and resistances:
4690 **
4645 ***
4605 ***
4549 Last
4511 **
4475 *
4400 **
Our preference:
short positions below 4605 with targets at 4511 & 4475 in extension.
Alternative scenario:
above 4605 look for further upside with 4645 & 4690 as targets.
Comment:
the RSI calls for a new downleg.
Supports and resistances:
4690 **
4645 ***
4605 ***
4549 Last
4511 **
4475 *
4400 **
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