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The following content is solely my personal opinion and does not constitute any investment advice.
Gold XAU Market Analysis - July 8, 2026
The price has not yet effectively broken above the middle band and remains within a weak channel. The bearish short-to-medium-term structure still exists, with weak indicators. This pattern looks more like a pause in a downtrend rather than a reversal. It is likely to continue downward again later.
Focus on whether the 4130-4155 zone can be reclaimed. If the upside is blocked, the support at the 4065-4010 zone may be tested again.
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