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Gold Intraday: the downside prevails as long as 4699 is resistance
Apr 2, 2026 4:12 AM
the downside prevails as long as 4699 is resistance.
Our pivot point stands at 4699.
Our preference:
the downside prevails as long as 4699 is resistance.
Alternative scenario:
above 4699, look for 4723 and 4738.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Gold stands below its 20 and 50 period moving average (respectively at 4742 and 4735).
Supports and resistances:
4738 **
4723 *
4699 **
4676 last
4647
4632 **
4618 *
Our preference:
the downside prevails as long as 4699 is resistance.
Alternative scenario:
above 4699, look for 4723 and 4738.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Gold stands below its 20 and 50 period moving average (respectively at 4742 and 4735).
Supports and resistances:
4738 **
4723 *
4699 **
4676 last
4647
4632 **
4618 *
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