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Gold Intraday: consolidation in place

May 4, 2026 9:51 AM
short positions below 4606 with targets at 4560 & 4540 in extension.
image
Pivot: 4606
Our preference:
short positions below 4606 with targets at 4560 & 4540 in extension.
Alternative scenario:
above 4606 look for further upside with 4627 & 4645 as targets.
Comment:
the RSI is bearish and calls for further decline.
Supports and resistances:
4645
4627
4606
4580 Last
4560
4540
4520
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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