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Gold Intraday: choppy
May 19, 2026 7:29 PM
short positions below 4588 with targets at 4465 & 4430 in extension.
Pivot: 4588
Our preference:
short positions below 4588 with targets at 4465 & 4430 in extension.
Alternative scenario:
above 4588 look for further upside with 4605 & 4640 as targets.
Comment:
technically the RSI is below its neutrality area at 50.
Supports and resistances:
4640 *
4605 *
4588 ***
4504 Last
4465 **
4430 ***
4390 ***
Our preference:
short positions below 4588 with targets at 4465 & 4430 in extension.
Alternative scenario:
above 4588 look for further upside with 4605 & 4640 as targets.
Comment:
technically the RSI is below its neutrality area at 50.
Supports and resistances:
4640 *
4605 *
4588 ***
4504 Last
4465 **
4430 ***
4390 ***
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Gold
4507.66
-35.06
-77.20%
