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Gold Intraday: further upside
May 20, 2026 4:29 PM
long positions above 4481 with targets at 4556 & 4586 in extension.
Pivot: 4481
Our preference:
long positions above 4481 with targets at 4556 & 4586 in extension.
Alternative scenario:
below 4481 look for further downside with 4452 & 4418 as targets.
Comment:
the RSI shows upside momentum.
Supports and resistances:
4600 ***
4586 **
4556 ***
4540 Last
4481 ***
4452 **
4418 **
Our preference:
long positions above 4481 with targets at 4556 & 4586 in extension.
Alternative scenario:
below 4481 look for further downside with 4452 & 4418 as targets.
Comment:
the RSI shows upside momentum.
Supports and resistances:
4600 ***
4586 **
4556 ***
4540 Last
4481 ***
4452 **
4418 **
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Gold
4356.15
13.429999999999
+30.90%