Our pivot point is at 4057.
Our preference: the downside prevails as long as 4057 is resistance.
Alternative scenario: the upside breakout of 4057, would call for 4078 and 4090.
Comment: the RSI is trading below 30. This could mean that either prices are in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Gold stands below its 20 and 50 period moving average (respectively at 4047 and 4068). Finally, the Gold has penetrated its lower Bollinger band (4034).
Supports and resistances:
4090 **
4078 *
4057 **
4031 last
4005
3992 **
3980 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-28-2026 at 12:28 UTC+1
Price reference: 4031 last known on 07-28-2026 at 12:28 UTC+1
Investment horizon: INTRADAY
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