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Gold Intraday: 4485 expected
May 5, 2026 5:03 AM
short positions below 4560 with targets at 4505 & 4485 in extension.
Pivot: 4560
Our preference:
short positions below 4560 with targets at 4505 & 4485 in extension.
Alternative scenario:
above 4560 look for further upside with 4580 & 4605 as targets.
Comment:
as long as the resistance at 4560 is not surpassed, the risk of the break below 4505 remains high.
Supports and resistances:
4605
4580
4560
4536 Last
4505
4485
4465
Our preference:
short positions below 4560 with targets at 4505 & 4485 in extension.
Alternative scenario:
above 4560 look for further upside with 4580 & 4605 as targets.
Comment:
as long as the resistance at 4560 is not surpassed, the risk of the break below 4505 remains high.
Supports and resistances:
4605
4580
4560
4536 Last
4505
4485
4465
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.
Related Instruments
Gold
4508.7
-34.02
-74.90%
