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Gold Intraday: First target, continuation or consolidation?
Aug 5, 2026 7:40 AM
The upside prevails as long as 4,098 is support, with 4,181 and 4,203 as targets
Our pivot point is at 4,098.
Our preference:
The upside prevails as long as 4,098 is support, with 4,181 and 4,203 as targets
Alternative scenario:
below 4,098, expect 4,061 and 4,039.
Comment:
Price is consolidating just below a key resistance level, setting the stage for an upside attempt.
Supports and resistances:
4,225 *
4,203 **
4,181
4,164 last
4,098 **
4,061 *
4,039 **
Our preference:
The upside prevails as long as 4,098 is support, with 4,181 and 4,203 as targets
Alternative scenario:
below 4,098, expect 4,061 and 4,039.
Comment:
Price is consolidating just below a key resistance level, setting the stage for an upside attempt.
Supports and resistances:
4,225 *
4,203 **
4,181
4,164 last
4,098 **
4,061 *
4,039 **
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