Gold, Technical Analysis – H1

28.07.2026 13:17
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The price is targeting the support area of $3,990, where active buying demand can be expected as part of the bullish Over&Under pattern. An additional factor supporting an upward bounce is the psychological significance of the round $4,000 level.

Key Levels:

□ 3,990

□ 4,000

Primary Scenario:

Decline into the 3,990–4,000 area, followed by a sharp rebound higher.

Analyst Commentary:

The indicated area is suitable for placing pending limit buy orders.