Gold Intraday: under pressure

Jul 16, 2026 1:22 AM

short positions below 4075 with targets at 4031 & 4013 in extension.

Pivot: 4075
Our preference:
short positions below 4075 with targets at 4031 & 4013 in extension.
Alternative scenario:
above 4075 look for further upside with 4100 & 4120 as targets.
Comment:
the RSI calls for a drop.
Supports and resistances:
4120 **
4100 **
4075 ***
4048 Last
4031 ***
4013 **
3990 **

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