30.06.202612:20 Forex-elemzések és áttekintések: XAU/USD Price Analysis and Forecast: Bearish Potential Remains

Gold (XAU/USD) is struggling to halt its decline, holding just above the psychological $4,000 level while showing limited price movement.

From a technical perspective, repeated failures to break above the 100-period Simple Moving Average (SMA) on the 4-hour chart continue to reinforce the bearish outlook. Consolidation below the psychological $4,000 level could serve as a trigger for a further decline.

The MACD remains slightly below the zero line, suggesting a weakening bearish momentum rather than the formation of a sustainable reversal. At the same time, the Relative Strength Index (RSI), after approaching oversold territory, indicated that selling pressure was easing, but it has yet to confirm a bullish reversal.

If the price consolidates above the $4,000 level, the nearest resistance is located around $4,045. A break above this level could open the way for a test of the $4,100 level. However, any further upside is likely to be capped by the area of the 100-period SMA near $4,180, where selling activity may intensify. To remove the current downward pressure and establish a more sustainable upward trend, a decisive breakout and sustained consolidation above this level will be required.