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Gold Intraday: Throwback or further upside?
Aug 7, 2026 7:35 PM
The upside prevails as long as 4,287 is support, with 4,374 and 4,397 as targets
Our pivot point is at 4,287.
Our preference:
The upside prevails as long as 4,287 is support, with 4,374 and 4,397 as targets
Alternative scenario:
below 4,287, expect 4,248 and 4,225.
Comment:
The chart structure suggests the instrument is coiling ahead of a potentially significant move.
Supports and resistances:
4,420 *
4,397 **
4,374
4,349 last
4,287 **
4,248 *
4,225 **
Our preference:
The upside prevails as long as 4,287 is support, with 4,374 and 4,397 as targets
Alternative scenario:
below 4,287, expect 4,248 and 4,225.
Comment:
The chart structure suggests the instrument is coiling ahead of a potentially significant move.
Supports and resistances:
4,420 *
4,397 **
4,374
4,349 last
4,287 **
4,248 *
4,225 **
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