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Gold Intraday: key resistance at 4050
Jun 24, 2026 11:33 PM
short positions below 4050 with targets at 3940 & 3900 in extension.
Pivot: 4050
Our preference:
short positions below 4050 with targets at 3940 & 3900 in extension.
Alternative scenario:
above 4050 look for further upside with 4090 & 4140 as targets.
Comment:
as long as 4050 is resistance, likely decline to 3940.
Supports and resistances:
4140 **
4090 **
4050 ***
3998 Last
3940 ***
3900 *
3820 *
Our preference:
short positions below 4050 with targets at 3940 & 3900 in extension.
Alternative scenario:
above 4050 look for further upside with 4090 & 4140 as targets.
Comment:
as long as 4050 is resistance, likely decline to 3940.
Supports and resistances:
4140 **
4090 **
4050 ***
3998 Last
3940 ***
3900 *
3820 *
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