[2026-07-20] Gold intraday: up turn.

Description

Pivot: 3980

Our preference: long positions above 3980 with targets at 4040 & 4071 in extension.

Alternative scenario: below 3980 look for further downside with 3965 & 3942 as targets.

Comment: the RSI calls for a bounce.

Supports and resistances:

4100 **

4071 **

4040 ***

4016 Last

3980 ***

3965 **

3942 **

Make sure to follow us for daily market analysis and trading tips. Let’s turn knowledge into profit together! 💰💹