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Gold Intraday: short term rebound
Apr 7, 2026 5:59 AM
short term rebound.
4630 is our pivot point.
Our preference:
short term rebound.
Alternative scenario:
the downside breakout of 4630 would call for 4606 and 4592.
Comment:
the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Gold is trading above its 20 period moving average (4651) but under its 50 period moving average (4663).
Supports and resistances:
4721 *
4707 **
4692
4662 last
4630 **
4606 *
4592 **
Our preference:
short term rebound.
Alternative scenario:
the downside breakout of 4630 would call for 4606 and 4592.
Comment:
the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Gold is trading above its 20 period moving average (4651) but under its 50 period moving average (4663).
Supports and resistances:
4721 *
4707 **
4692
4662 last
4630 **
4606 *
4592 **
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Gold
4508.7
-34.02
-74.90%
