Technical analysis
XAU/USD Price Analysis and Forecast: The Technical Outlook Continues to Favor the Bears
Gold (XAU/USD) continues to trade within
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31.07.2026 11:03 AM
Gold (XAU/USD) continues to trade within a multi-week sideways range and remains vulnerable after failing to consolidate above the psychologically significant $4,100 level.From a technical perspective, the price action observed over the past month can be classified as a bearish consolidation phase, particularly following the break below the 200-day Simple Moving Average (SMA). However, momentum indicators continue to send mixed signals, warranting caution. The Relative Strength Index (RSI) remains slightly below the 50 mark, indicating only a modest recovery attempt
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