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Gold Middle Term: under pressure
Jul 13, 2026 12:49 AM
short positions below 4580 with targets at 3500 & 3120 in extension.
Pivot: 4580
Our preference:
short positions below 4580 with targets at 3500 & 3120 in extension.
Alternative scenario:
above 4580 look for further upside with 4890 & 5300 as targets.
Comment:
the RSI advocates for further downside.
Supports and resistances:
5300 **
4890 ***
4580 ***
4068 Last
3500 ***
3120 **
2760 **
Our preference:
short positions below 4580 with targets at 3500 & 3120 in extension.
Alternative scenario:
above 4580 look for further upside with 4890 & 5300 as targets.
Comment:
the RSI advocates for further downside.
Supports and resistances:
5300 **
4890 ***
4580 ***
4068 Last
3500 ***
3120 **
2760 **
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Gold
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