22.06.202612:37 Forex Analysis & Reviews: XAU/USD Price Analysis and Forecast: Gold Buyers Show Limited Conviction

Relevance up to 06:00 2026-06-23 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.

On Monday, gold (XAU/USD) is attempting to break above the round level of $4,200 and, based on current dynamics, is ending a three-day losing streak after reaching a more than one-week low the previous day.

From a technical perspective, unsuccessful attempts to hold above the level where the 200-day exponential moving average (EMA) is located—previously acting as support and now turned into resistance—together with subsequent declines, strengthen sellers' positions in XAU/USD. The Relative Strength Index (RSI) is in negative territory near 30, reflecting limited buying interest. Meanwhile, the MACD indicator also remains in negative territory with a moderately negative histogram, signaling a continuing although weakening downward momentum.

The nearest key resistance level is the 200-day EMA around $4,368. A break above this level is required to ease current bearish pressure. Until this level is firmly held on a daily closing basis, any upward movements are likely to be considered corrective within a broader downward consolidation, while momentum indicators still allow for the possibility of a retest of lower levels.

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.