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Gold Intraday: the upside prevails

May 7, 2026 8:42 PM
long positions above 4685 with targets at 4770 & 4800 in extension.
image
Pivot: 4685
Our preference:
long positions above 4685 with targets at 4770 & 4800 in extension.
Alternative scenario:
below 4685 look for further downside with 4660 & 4630 as targets.
Comment:
the RSI is below its neutrality area at 50% but reversing up.
Supports and resistances:
4830
4800
4770
4712 Last
4685
4660
4630
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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