Gold Intraday: choppy
May 4, 2026 8:58 PM
short positions below 4542 with targets at 4485 & 4465 in extension.

Pivot: 4542
Our preference:
short positions below 4542 with targets at 4485 & 4465 in extension.
Alternative scenario:
above 4542 look for further upside with 4560 & 4580 as targets.
Comment:
the upward potential is likely to be limited by the resistance at 4542.
Supports and resistances:
4580
4560
4542
4521 Last
4485
4465
4420
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