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Gold Intraday: under pressure
Jun 5, 2026 9:14 PM
short positions below 4400 with targets at 4305 & 4230 in extension.
Pivot: 4400
Our preference:
short positions below 4400 with targets at 4305 & 4230 in extension.
Alternative scenario:
above 4400 look for further upside with 4435 & 4475 as targets.
Comment:
the upward potential is likely to be limited by the resistance at 4400.
Supports and resistances:
4475 ***
4435 **
4400 ***
4329 Last
4305 ***
4230 **
4130 **
Our preference:
short positions below 4400 with targets at 4305 & 4230 in extension.
Alternative scenario:
above 4400 look for further upside with 4435 & 4475 as targets.
Comment:
the upward potential is likely to be limited by the resistance at 4400.
Supports and resistances:
4475 ***
4435 **
4400 ***
4329 Last
4305 ***
4230 **
4130 **
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