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Gold Intraday: consolidation in place
Jul 2, 2026 11:15 AM
long positions above 4027 with targets at 4115 & 4140 in extension.
Pivot: 4027
Our preference:
long positions above 4027 with targets at 4115 & 4140 in extension.
Alternative scenario:
below 4027 look for further downside with 3995 & 3960 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
4165 **
4140 **
4115 ***
4066 Last
4027 ***
3995 **
3960 ***
Our preference:
long positions above 4027 with targets at 4115 & 4140 in extension.
Alternative scenario:
below 4027 look for further downside with 3995 & 3960 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
4165 **
4140 **
4115 ***
4066 Last
4027 ***
3995 **
3960 ***
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