Technical analysis
Trading Signals for GOLD on August 4-6, 2026: buy above $4,062 (21 SMA – 2/8 Murray)
XAU/USD is trading around $4,060, having
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04.08.2026 07:08 AM
XAU/USD is trading around $4,060, having rebounded during Monday’s US session from the $4,026 level, and is likely to continue rising; it could break through the strong 2/8 Murray resistance and consolidate above the 21 SMA around $4,066.If we see the price of gold remain above $4,062 in the coming hours, this could be considered an opportunity to open long positions, as technically the price could reach the 200 EMA around $4,115. Even if it breaks through this strong resistance,
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