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Gold Intraday: the downside prevails
May 21, 2026 7:54 PM
short positions below 4542 with targets at 4477 & 4452 in extension.
Pivot: 4542
Our preference:
short positions below 4542 with targets at 4477 & 4452 in extension.
Alternative scenario:
above 4542 look for further upside with 4570 & 4586 as targets.
Comment:
the RSI is mixed to bearish.
Supports and resistances:
4586 ***
4570 ***
4542 ***
4510 Last
4477 ***
4452 **
4400 ***
Our preference:
short positions below 4542 with targets at 4477 & 4452 in extension.
Alternative scenario:
above 4542 look for further upside with 4570 & 4586 as targets.
Comment:
the RSI is mixed to bearish.
Supports and resistances:
4586 ***
4570 ***
4542 ***
4510 Last
4477 ***
4452 **
4400 ***
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