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Gold Short Term: the bias remains bullish

Mar 9, 2026 12:44 AM
long positions above 4840 with targets at 5410 & 5600 in extension.
image
Pivot: 4840
Our preference:
long positions above 4840 with targets at 5410 & 5600 in extension.
Alternative scenario:
below 4840 look for further downside with 4650 & 4400 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
6000
5600
5410
5075 Last
4840
4650
4400
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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