continues to trade within a well-defined recovery phase after successfully establishing a higher low, and is now approaching a key resistance zone between 4,200 and 4,220—an area that has repeatedly capped bullish momentum in previous attempts.
From a technical perspective, the sequence of higher highs and higher lows reflects improving bullish momentum. However, as price approaches this critical resistance, the market faces a decisive test that will determine whether the current advance marks the beginning of a new bullish leg or merely a short-term corrective rebound.
From a technical perspective, the breakout scenario remains the more favorable outlook as long as gold holds above the 4,155–4,160 support zone. A decisive close above 4,220 would confirm the continuation of the current bullish structure, opening the door for an initial upside target at 4,368, with momentum potentially extending toward 4,475 if upcoming U.S. economic data reinforces expectations of a less aggressive Federal Reserve. As such, price action around the current resistance zone is likely to be the defining factor in shaping gold’s near-term direction.
On the other hand, a technical rejection from current levels cannot be ruled out, particularly if gold fails to sustain gains above 4,200 and selling pressure intensifies. In that scenario, the market could retreat to retest the 4,000–3,850 support region, which represents a significant technical and psychological floor. A confirmed break below this zone on a closing basis would signal renewed bearish momentum and increase the probability of a deeper correction.
Therefore, I believe the current price area should be approached with caution, as it represents a critical inflection point between the continuation of the broader uptrend and a more pronounced corrective phase before any renewed bullish advance.
- Support Levels: 4,155 – 4,000 – 3,850
- Resistance Levels: 4,200 – 4,368 – 4,475
investment advice. Past performance is no guarantee of future returns. Seek independent advice before making decisions.” src=”https://media.investing.com/images/61cb32d2d65838093f33a0f61af5d5ea_20260706020915.jpg” alt=”06.07.2026 – XAUUSD – Chart powered by TradingView. Charts are for educational and illustrative purposes only and may differ from live trading prices on our platform. Disclaimer: The chart reflects the analyst’s opinion and does not constitute investment advice. Past performance is no guarantee of future returns. Seek independent advice before making decisions.” width=”474″ border=”0″/>
