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Gold Intraday: Rebound or deeper decline ahead?
Aug 31, 2026 3:45 AM
The downside prevails as long as 4,503 is resistance, with 4,395 and 4,365 as targets
Our pivot point is at 4,503.
Our preference:
The downside prevails as long as 4,503 is resistance, with 4,395 and 4,365 as targets
Alternative scenario:
above 4,503, look for 4,553 and 4,583.
Comment:
With prices nearing our first target, a pullback may emerge, though a clean break below could accelerate the downside.
Supports and resistances:
4,583 **
4,553 *
4,503 **
4,423 last
4,395
4,365 **
4,335 *
Our preference:
The downside prevails as long as 4,503 is resistance, with 4,395 and 4,365 as targets
Alternative scenario:
above 4,503, look for 4,553 and 4,583.
Comment:
With prices nearing our first target, a pullback may emerge, though a clean break below could accelerate the downside.
Supports and resistances:
4,583 **
4,553 *
4,503 **
4,423 last
4,395
4,365 **
4,335 *
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