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Gold Intraday: consolidation

May 19, 2026 4:57 AM
short positions below 4585 with targets at 4510 & 4480 in extension.
image
Pivot: 4585
Our preference:
short positions below 4585 with targets at 4510 & 4480 in extension.
Alternative scenario:
above 4585 look for further upside with 4605 & 4640 as targets.
Comment:
the RSI calls for a drop.
Supports and resistances:
4640 *
4605 *
4585 ***
4541 Last
4510 **
4480 ***
4450 ***
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
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