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Gold Intraday: the downside prevails

Apr 7, 2026 6:55 AM
short positions below 4675 with targets at 4615 & 4590 in extension.
image
Pivot: 4675
Our preference:
short positions below 4675 with targets at 4615 & 4590 in extension.
Alternative scenario:
above 4675 look for further upside with 4705 & 4730 as targets.
Comment:
the RSI lacks upward momentum.
Supports and resistances:
4730
4705
4675
4642 Last
4615
4590
4555
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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