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Gold (XAU) Market Analysis — July 13, 2026
It has already been smashed down to around 4,070. It’s quite intimidating, but if it doesn’t fall, how would a “gold pit” appear? On the four-hour chart, the downward momentum has already been weakening. The price is clearly deviating from the moving averages, and technically there is a need for a technical rebound and correction after the deviation.
Below, keep an eye on the support at 4,050–4,020. If the pullback does not break through, there is still a basis to challenge 4,115 / 4,160 again.
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