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Gold Short Term: Gains at stake near target
Aug 24, 2026 2:00 AM
The upside prevails as long as 4,114 is support, with 4,711 and 4,865 as targets
Our pivot point is at 4,114.
Our preference:
The upside prevails as long as 4,114 is support, with 4,711 and 4,865 as targets
Alternative scenario:
below 4,114, expect 3,860 and 3,709.
Comment:
The chart structure suggests the instrument is coiling ahead of a potentially significant move.
Supports and resistances:
5,019 *
4,865 **
4,711
4,603 last
4,114 **
3,860 *
3,709 **
Our preference:
The upside prevails as long as 4,114 is support, with 4,711 and 4,865 as targets
Alternative scenario:
below 4,114, expect 3,860 and 3,709.
Comment:
The chart structure suggests the instrument is coiling ahead of a potentially significant move.
Supports and resistances:
5,019 *
4,865 **
4,711
4,603 last
4,114 **
3,860 *
3,709 **
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