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Gold Intraday: caution
May 21, 2026 11:17 AM
long positions above 4500 with targets at 4550 & 4570 in extension.
Pivot: 4500
Our preference:
long positions above 4500 with targets at 4550 & 4570 in extension.
Alternative scenario:
below 4500 look for further downside with 4485 & 4467 as targets.
Comment:
a support base at 4500 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
4589 ***
4570 ***
4550 ***
4513 Last
4500 ***
4485 **
4467 ***
Our preference:
long positions above 4500 with targets at 4550 & 4570 in extension.
Alternative scenario:
below 4500 look for further downside with 4485 & 4467 as targets.
Comment:
a support base at 4500 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
4589 ***
4570 ***
4550 ***
4513 Last
4500 ***
4485 **
4467 ***
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