Gold intraday : the RSI is overbought

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20260121144143be960617fc45ef4c11af6e5f95c75870
XAUUSD+0%
2026-08-05 14:04Source:TC

Our pivot point is at 4,145.

Our preference: The upside prevails as long as 4,145 is support, with 4,237 and 4,260 as targets

Alternative scenario: below 4,145, expect 4,107 and 4,085.

Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. The price is above its 20 and 50 period moving average (respectively at 4,154 and 4,110).

Supports and resistances:

4,282 *

4,260 **

4,237

4,189 last

4,145 **

4,107 *

4,085 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 08-05-2026 at 14:04 UTC+1

Price reference: 4189 last known on 08-05-2026 at 14:04 UTC+1

Investment horizon: INTRADAY

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