Gold Analysis – 31.Jul.2026

Gold Analysis: By analyzing the #Gold chart on the 2H timeframe, we can see that after reaching the $4120 region and sweeping the liquidity above this level, Gold faced heavy selling pressure and collapsed all the way toward $4020.

The $4020 area was an important demand zone, and once price reached it, buyers stepped in and pushed Gold slightly higher toward $4030.

However, in my view, this reaction may remain only a short-term corrective bounce. After a possible initial recovery, I still expect sellers to regain control and push Gold toward lower levels.

The nearest supply zones are located around $4035 – $4050, followed by a stronger resistance area between $4070 – $4090.

If Gold fails to reclaim these levels and selling pressure returns, the next downside targets to monitor are $4000, followed by $3980, then $3960, $3940, and potentially $3900 if bearish momentum accelerates.

For now, my main scenario is a limited recovery first, followed by another bearish move toward lower liquidity levels.

This analysis will be updated as the market evolves.
(This Post on TradingView)

Author : Arman Shaban

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