---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000775513.md"
description: "$Gold.com(GOLD.US)🏆[Weekly] Gold Update: Bulls Step In At $4,000A shift is happening! After months of steady declines, the metal has held a key psychological level. Here is the update:🔷Technical Outlook🟢 Daily ChartGold (XAU/USD) found strong support near its lower Bollinger Band at $3,942, then rebounded +1.26% to reach $4,175. It has moved back above its 20‑day moving average at $4,156 and the daily RSI rose to 37.56, moving out of oversold territory.🟢 4‑Hour ChartShort‑term momentum is clearly positive. Gold broke past the middle band at $4,076 and tested upper resistance near $4,215. The 4‑hour RSI is now 61.37, close to overbought — so a brief pause or pullback could happen before the next move higher.💼 What’s Driving This Move?The bounce came mainly from short sellers taking profits after recent economic data releases. While long‑term interest rates stay elevated under Fed Chair Kevin Warsh, a softer US dollar and stretched market positions have given gold room to recover.🚨 Key Events Next Week (6–9 July 2026)Expect higher volatility. The economic data releases will decide if the rally continues:🟢 Mon 6 Jul, 22:00 SGT: US ISM Services PMI → Strong data = stronger USD, weaker gold🟢 Wed 8 Jul, 02:00 SGT: FOMC Meeting Minutes → Most important update; hawkish tones will limit gains🟢 Thu 9 Jul, 09:30 SGT: China CPI → Affects demand outlook as top global buyer🔷The verdictSupport around $4,000 held firmly. The level at $4,156 is now the key line. If stay above the next target is $4,250. Potential entries to buy maybe around $3980 ( 20 pips below support ), SL 3942, current week low.Keep positions flexible ahead of Wednesday’s Fed minutes!Not financial advice. Personal view. Do your own DD.😉"
datetime: "2026-07-04T02:44:27.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000775513.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000775513.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000775513.md)
author: "[Fattycat](https://longbridge.com/en/profiles/19854884.md)"
generator: "portal-rs"
---

# $Gold.com(GOLD.US)🏆[Weekly] Gold Update: Bulls Ste…


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## Comments (2)

- **Fattycat · 2026-07-04T06:37:06.000Z**: Just saw this news -> JPMorgan sees $4,500 gold price in fourth quarter, says risks to downside☺️
  - **Louis_t** (2026-07-06T02:17:03.000Z): the weaker demand call is the interesting bit. golds been all central bank buying, if that cools real yields take over.


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**