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Gold Intraday: under pressure
Jul 7, 2026 9:19 AM
short positions below 4165 with targets at 4105 & 4075 in extension.
Pivot: 4165
Our preference:
short positions below 4165 with targets at 4105 & 4075 in extension.
Alternative scenario:
above 4165 look for further upside with 4185 & 4200 as targets.
Comment:
as long as the resistance at 4165 is not surpassed, the risk of the break below 4105 remains high.
Supports and resistances:
4200 **
4185 **
4165 ***
4129 Last
4105 **
4075 **
4047 **
Our preference:
short positions below 4165 with targets at 4105 & 4075 in extension.
Alternative scenario:
above 4165 look for further upside with 4185 & 4200 as targets.
Comment:
as long as the resistance at 4165 is not surpassed, the risk of the break below 4105 remains high.
Supports and resistances:
4200 **
4185 **
4165 ***
4129 Last
4105 **
4075 **
4047 **
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