Our pivot point stands at 4064.
Our preference: the downside prevails as long as 4064 is resistance.
Alternative scenario: above 4064, look for 4085 and 4098.
Comment: the RSI is below 30. It could either mean that prices are in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Gold stands below its 20 and 50 period moving average (respectively at 4069 and 4082).
Supports and resistances:
4098 **
4085 *
4064 **
4044 last
4016
4004 **
3991 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-28-2026 at 12:27 UTC+1
Price reference: 4044 last known on 07-28-2026 at 12:27 UTC+1
Investment horizon: INTRADAY
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