Gold Intraday: caution

Mar 12, 2026 11:17 AM

short positions below 5195 with targets at 5135 & 5115 in extension.

Pivot: 5195
Our preference:
short positions below 5195 with targets at 5135 & 5115 in extension.
Alternative scenario:
above 5195 look for further upside with 5215 & 5235 as targets.
Comment:
the index currently faces a challenging resistance area at 5195.
Supports and resistances:
5235
5215
5195
5182 Last
5135
5115
5080

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