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Gold Intraday: the bias remains bullish
May 1, 2026 5:14 AM
long positions above 4595 with targets at 4646 & 4670 in extension.
Pivot: 4595
Our preference:
long positions above 4595 with targets at 4646 & 4670 in extension.
Alternative scenario:
below 4595 look for further downside with 4570 & 4540 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
4700
4670
4646
4609 Last
4595
4570
4540
Our preference:
long positions above 4595 with targets at 4646 & 4670 in extension.
Alternative scenario:
below 4595 look for further downside with 4570 & 4540 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
4700
4670
4646
4609 Last
4595
4570
4540
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Gold
4508.7
-34.02
-74.90%
