Gold Intraday: The downside prevails as long as 4,386 is resistance
Aug 18, 2026 8:01 PM
The downside prevails as long as 4,386 is resistance, with 4,297 and 4,276 as targets

Our pivot point is at 4,386.
Our preference:
The downside prevails as long as 4,386 is resistance, with 4,297 and 4,276 as targets
Alternative scenario:
above 4,386, look for 4,421 and 4,442.
Comment:
the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. The price stands below its 20 and 50 period moving average (respectively at 4,375 and 4,394).
Supports and resistances:
4,442 **
4,421 *
4,386 **
4,346 last
4,297
4,276 **
4,255 *
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