Gold Intraday: consolidation in place
Jan 16, 2026 10:27 AM
long positions above 4588 with targets at 4636 & 4660 in extension.
Pivot: 4588
Our preference:
long positions above 4588 with targets at 4636 & 4660 in extension.
Alternative scenario:
below 4588 look for further downside with 4567 & 4546 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
4700
4660
4636
4603 Last
4588
4567
4546
Our preference:
long positions above 4588 with targets at 4636 & 4660 in extension.
Alternative scenario:
below 4588 look for further downside with 4567 & 4546 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
4700
4660
4636
4603 Last
4588
4567
4546
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Gold
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