[2026-05-18] Gold intraday: the downside prevails.

Description

Pivot: 4555

Our preference: short positions below 4555 with targets at 4460 & 4430 in extension.

Alternative scenario: above 4555 look for further upside with 4585 & 4610 as targets.

Comment: the RSI has broken down its 30 level.

Supports and resistances:

4610 **

4585 ***

4555 ***

4501 Last

4460 **

4430 ***

4400 **

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