- July 2, 2026
- Posted by: EWGFX
- Category: Technical analysis
Gold is showing signs of a potential bullish continuation after breaking out of a short-term corrective structure. Price has recovered strongly from the recent swing low and is now retesting a key resistance area around 4,072, which has turned into a potential breakout level.
The highlighted entry zone is positioned near the neckline of the recent bullish impulse. A successful close above this resistance could confirm buyer strength and trigger the next leg higher.
Bullish Outlook
Price has formed a sequence of higher lows, suggesting buyers are gaining control.
The recent sharp bullish impulse indicates strong buying momentum.
A breakout and sustained hold above 4,072 would increase the probability of continuation toward the 4,175–4,180 resistance zone.
Trade Setup
Entry: Around 4,072 after breakout confirmation or a successful retest.
Stop-Loss: Below 4,035 to protect against a false breakout.
Target: 4,175.
Trading Plan