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26.10.2026 05:11 PMThe area of strong technical resistance could be at $4,062 or $4,070; a secondary downtrend channel crosses around that level, and this area could be considered a signal to reopen short positions.
A break above $4,070 could extend gold's uptrend, potentially reaching the 200-period exponential moving average (EMA) around $4,180 and eventually returning to $4,218.
Given that gold is in oversold territory and the Eagle indicator is showing a bullish signal—even though the price is near last week's lows—we will look for buying opportunities in the coming hours or even days if the price consolidates above the psychological level of $4,000.
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