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The following is solely personal opinion and does not constitute any investment advice.
Gold XAU Market Analysis July 9, 2026
Although there has been a slight rebound recently, the overall structure has yet to break free from the suppression following the earlier decline, and the main trend remains weak. In terms of the moving average structure, it is still trading below the short- and medium-term moving averages, and the dominant force has not fully turned bullish.
Focus on whether the 4090-4120 area can be reclaimed. If upward movement is blocked, it may test the 4040-4000 area support again.
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