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Gold Intraday: towards 3960
Jul 16, 2026 9:01 PM
short positions below 3990 with targets at 3960 & 3942 in extension.
Pivot: 3990
Our preference:
short positions below 3990 with targets at 3960 & 3942 in extension.
Alternative scenario:
above 3990 look for further upside with 4005 & 4024 as targets.
Comment:
a break below 3960 would trigger a drop towards 3942.
Supports and resistances:
4024 **
4005 **
3990 ***
3975 Last
3960 ***
3942 **
3900 *
Our preference:
short positions below 3990 with targets at 3960 & 3942 in extension.
Alternative scenario:
above 3990 look for further upside with 4005 & 4024 as targets.
Comment:
a break below 3960 would trigger a drop towards 3942.
Supports and resistances:
4024 **
4005 **
3990 ***
3975 Last
3960 ***
3942 **
3900 *
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Gold
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