29.06.202607:25 Forex Analysis & Reviews: Trading Signals for GOLD on June 29-30, 2026: buy above $4,015 (21 SMA - rebound)

Relevance up to 01:00 UTC--4

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Gold is trading around $4,064, above the 5/8 Murray line and above the 21 SMA, within a secondary uptrend channel formed inside the main uptrend channel. Technically, gold could continue to rise in the coming days until it reaches the upper band of the downtrend channel around $4,240.

If, in the coming hours, gold consolidates above the 21-day SMA around $4,037 or $4,015—a level that coincides with the lower band of the uptrend channel—both levels could be viewed as a zone to open long positions with targets at the upper band of the uptrend channel around $4,161.

If bearish momentum prevails and gold breaks below the psychological level of $4,000, the outlook could remain negative, with gold reaching $3,960 in the coming days and possibly even hitting the lower band of the downtrend channel around $3,790.

We should monitor the $4,015 area in the coming hours; above this level, any pullback or technical rebound could be considered a level to enter long positions. XAU/USD is expected to reach $4,230 and could even reach the 200 EMA around $4,323 in the coming days.

Below the psychological level of $4,000, our bullish outlook could change, and this would be seen as a negative signal to sell in the coming days.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.