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Gold Intraday: the downside prevails
Jul 13, 2026 1:11 AM
short positions below 4120 with targets at 4055 & 4021 in extension.
Pivot: 4120
Our preference:
short positions below 4120 with targets at 4055 & 4021 in extension.
Alternative scenario:
above 4120 look for further upside with 4138 & 4164 as targets.
Comment:
the RSI shows downside momentum.
Supports and resistances:
4164 **
4138 **
4120 ***
4073 Last
4055 ***
4021 **
4000 ***
Our preference:
short positions below 4120 with targets at 4055 & 4021 in extension.
Alternative scenario:
above 4120 look for further upside with 4138 & 4164 as targets.
Comment:
the RSI shows downside momentum.
Supports and resistances:
4164 **
4138 **
4120 ***
4073 Last
4055 ***
4021 **
4000 ***
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