Gold Middle Term: consolidation

Sep 14, 2026 12:31 AM

short positions below 4890 with targets at 3940 & 3500 in extension.

Pivot: 4890
Our preference:
short positions below 4890 with targets at 3940 & 3500 in extension.
Alternative scenario:
above 4890 look for further upside with 5300 & 5590 as targets.
Comment:
the RSI has just struck against its neutrality area at 50% and is reversing down.
Supports and resistances:
5590 ***
5300 **
4890 ***
4338 Last
3940 ***
3500 **
3120 **

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