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Gold Intraday: Throwback or further upside?
Aug 16, 2026 10:34 PM
Our next up target stands at 4,424
Our pivot point is at 4,321.
Our preference:
Our next up target stands at 4,424
Alternative scenario:
below 4,321, expect 4,284 and 4,262.
Comment:
Prices are now within reach of our first target, a level that could invite the price to consolidate. On the flip side, a clear break above it may well sustain the upward move.
Supports and resistances:
4,446 *
4,424 **
4,402
4,375 last
4,321 **
4,284 *
4,262 **
Our preference:
Our next up target stands at 4,424
Alternative scenario:
below 4,321, expect 4,284 and 4,262.
Comment:
Prices are now within reach of our first target, a level that could invite the price to consolidate. On the flip side, a clear break above it may well sustain the upward move.
Supports and resistances:
4,446 *
4,424 **
4,402
4,375 last
4,321 **
4,284 *
4,262 **
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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