Our pivot point is at 4026.
Our preference: under pressure below 4026.
Alternative scenario: the upside breakout of 4026, would call for 4047 and 4059.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Gold is trading under both its 20 and 50 period moving average (respectively at 4014 and 4010).
Supports and resistances:
4059 **
4047 *
4026 **
4004 last
3976
3964 **
3952 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-20-2026 at 16:34 UTC+1
Price reference: 4004 last known on 07-20-2026 at 16:34 UTC+1
Investment horizon: INTRADAY
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