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Gold Intraday: the downside prevails
Jun 5, 2026 11:12 AM
short positions below 4475 with targets at 4422 & 4400 in extension.
Pivot: 4475
Our preference:
short positions below 4475 with targets at 4422 & 4400 in extension.
Alternative scenario:
above 4475 look for further upside with 4495 & 4515 as targets.
Comment:
as long as 4475 is resistance, expect a return to 4422.
Supports and resistances:
4515 ***
4495 **
4475 ***
4467 Last
4422 ***
4400 **
4365 **
Our preference:
short positions below 4475 with targets at 4422 & 4400 in extension.
Alternative scenario:
above 4475 look for further upside with 4495 & 4515 as targets.
Comment:
as long as 4475 is resistance, expect a return to 4422.
Supports and resistances:
4515 ***
4495 **
4475 ***
4467 Last
4422 ***
4400 **
4365 **
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