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Gold Intraday: the downside prevails
Jul 7, 2026 8:10 AM
short positions below 4170 with targets at 4105 & 4075 in extension.
Pivot: 4170
Our preference:
short positions below 4170 with targets at 4105 & 4075 in extension.
Alternative scenario:
above 4170 look for further upside with 4200 & 4230 as targets.
Comment:
the RSI is bearish and calls for further downside.
Supports and resistances:
4230 **
4200 **
4170 ***
4128 Last
4105 ***
4075 **
4047 **
Our preference:
short positions below 4170 with targets at 4105 & 4075 in extension.
Alternative scenario:
above 4170 look for further upside with 4200 & 4230 as targets.
Comment:
the RSI is bearish and calls for further downside.
Supports and resistances:
4230 **
4200 **
4170 ***
4128 Last
4105 ***
4075 **
4047 **
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