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Gold Intraday: First target, continuation or consolidation?
Aug 5, 2026 2:02 AM
The upside prevails as long as 4,030 is support, with 4,111 and 4,133 as targets
Our pivot point is at 4,030.
Our preference:
The upside prevails as long as 4,030 is support, with 4,111 and 4,133 as targets
Alternative scenario:
below 4,030, expect 3,994 and 3,972.
Comment:
Price is consolidating just below a key resistance level, setting the stage for an upside attempt.
Supports and resistances:
4,155 *
4,133 **
4,111
4,101 last
4,030 **
3,994 *
3,972 **
Our preference:
The upside prevails as long as 4,030 is support, with 4,111 and 4,133 as targets
Alternative scenario:
below 4,030, expect 3,994 and 3,972.
Comment:
Price is consolidating just below a key resistance level, setting the stage for an upside attempt.
Supports and resistances:
4,155 *
4,133 **
4,111
4,101 last
4,030 **
3,994 *
3,972 **
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