Note: This section contains information in English only.XAU/USD daily chart exhibits a defined bearish trend, establishing a consistent sequence of lower highs and lower lows. The asset is trading near 4018.565 after rebounding from a critical support floor at 3900.0000 a breakdown below this level would likely signal a continuation of the broader decline.
Technical indicators reinforce this bearish market structure. The 60-day Simple Moving Average is trending downward at 4339.465, converging with the primary resistance zone to form a formidable technical barrier. While the MACD remains deep in negative territory to confirm seller control, a recent flattening of the indicator lines suggests downward momentum is decelerating into a consolidation phase. The broader outlook remains firmly bearish until price action secures a decisive breakout above the 4350.0000 confluence.
Mon, 20 Jul 2026 07:55:08 GMT
Source: Dukascopy Bank SA
Technical indicators reinforce this bearish market structure. The 60-day Simple Moving Average is trending downward at 4339.465, converging with the primary resistance zone to form a formidable technical barrier. While the MACD remains deep in negative territory to confirm seller control, a recent flattening of the indicator lines suggests downward momentum is decelerating into a consolidation phase. The broader outlook remains firmly bearish until price action secures a decisive breakout above the 4350.0000 confluence.