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Gold Intraday: key resistance at 4024
Jul 16, 2026 4:04 PM
short positions below 4024 with targets at 3960 & 3942 in extension.
Pivot: 4024
Our preference:
short positions below 4024 with targets at 3960 & 3942 in extension.
Alternative scenario:
above 4024 look for further upside with 4048 & 4061 as targets.
Comment:
the upward potential is likely to be limited by the resistance at 4024.
Supports and resistances:
4061 **
4048 **
4024 ***
4006 Last
3960 ***
3942 **
3900 *
Our preference:
short positions below 4024 with targets at 3960 & 3942 in extension.
Alternative scenario:
above 4024 look for further upside with 4048 & 4061 as targets.
Comment:
the upward potential is likely to be limited by the resistance at 4024.
Supports and resistances:
4061 **
4048 **
4024 ***
4006 Last
3960 ***
3942 **
3900 *
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