26.06.202613:16 Forex-elemzések és áttekintések: XAU/USD Price Analysis and Forecast: Gold Needs to Break Above the $4,055 Level for Further Growth

On Friday, gold (XAU/USD) is struggling to extend its intraday rebound from the $3,960 level and remains capped below the $4,055 level. At the same time, the pair is on track for its fourth straight weekly decline.

From a technical perspective, repeated failed recovery attempts near the 100-period Simple Moving Average (SMA) on the 4-hour chart, along with the drop below the $4,000 level, continue to favor sellers and confirm a short-term bearish scenario.

However, at present, the MACD indicator is showing moderately positive momentum, while the Relative Strength Index (RSI) remains below the neutral 50 level, signaling persistent selling pressure and the absence of a convincing upside reversal.

The nearest resistance is located around $4,055; a breakout above this level would open the way toward the round figure of $4,100. However, further gains are likely to be viewed as selling opportunities and may be capped by the 100-period SMA zone near $4,230.57. Failure to consolidate above this level will keep the short-term bearish trend intact.