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Gold Intraday: under pressure
Jul 17, 2026 4:55 AM
short positions below 4015 with targets at 3970 & 3942 in extension.
Pivot: 4015
Our preference:
short positions below 4015 with targets at 3970 & 3942 in extension.
Alternative scenario:
above 4015 look for further upside with 4040 & 4071 as targets.
Comment:
a break below 3970 would trigger a drop towards 3942.
Supports and resistances:
4071 **
4040 **
4015 ***
3981 Last
3970 ***
3942 **
3900 *
Our preference:
short positions below 4015 with targets at 3970 & 3942 in extension.
Alternative scenario:
above 4015 look for further upside with 4040 & 4071 as targets.
Comment:
a break below 3970 would trigger a drop towards 3942.
Supports and resistances:
4071 **
4040 **
4015 ***
3981 Last
3970 ***
3942 **
3900 *
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Gold
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