Gold Intraday: caution
May 4, 2026 7:07 AM
long positions above 4585 with targets at 4620 & 4640 in extension.

Pivot: 4585
Our preference:
long positions above 4585 with targets at 4620 & 4640 in extension.
Alternative scenario:
below 4585 look for further downside with 4560 & 4540 as targets.
Comment:
the RSI is mixed and calls for caution.
Supports and resistances:
4660
4640
4620
4588 Last
4585
4560
4540
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