Technical analysis
Trading Signals for GOLD on August 5-7, 2026: buy above $4,116 (200 EMA – 3/8 Murray)
Gold is trading around $4,130, above
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05.08.2026 07:48 AM
Gold is trading around $4,130, above the downtrend channel formed since July 22 and within the uptrend channel formed since early July, showing a positive bias.On the H4 chart, we can see that gold has decisively broken out of the downtrend channel and is also consolidating above the 200-period moving average, so it is likely to continue rising in the coming days and could reach the 3/8 Murray level around $4,218.If gold falls to the upper band of the downtrend
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