[2026-01-23] Gold Intraday: towards 5040.

Description

Pivot: 4885

Our preference: long positions above 4885 with targets at 4980 & 5040 in extension.

Alternative scenario: below 4885 look for further downside with 4838 & 4800 as targets.

Comment: the break above 4885 is a positive signal that has opened a path to 4980.

Supports and resistances:

5100

5040

4980

4964 Last

4885

4838

4800

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