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Gold Intraday: the downside prevails
May 11, 2026 7:15 AM
short positions below 4725 with targets at 4625 & 4585 in extension.
Pivot: 4725
Our preference:
short positions below 4725 with targets at 4625 & 4585 in extension.
Alternative scenario:
above 4725 look for further upside with 4765 & 4800 as targets.
Comment:
the RSI is bearish and calls for further downside.
Supports and resistances:
4800 *
4765 **
4725 ***
4675 Last
4625 **
4585 **
4545 **
Our preference:
short positions below 4725 with targets at 4625 & 4585 in extension.
Alternative scenario:
above 4725 look for further upside with 4765 & 4800 as targets.
Comment:
the RSI is bearish and calls for further downside.
Supports and resistances:
4800 *
4765 **
4725 ***
4675 Last
4625 **
4585 **
4545 **
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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Gold
4516.44
-26.280000000001
-57.90%
