[2026-07-16] Gold intraday: under pressure.

Description

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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