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04.08.202607:08 Forex Analysis & Reviews: Trading Signals for GOLD on August 4-6, 2026: buy above $4,062 (21 SMA - 2/8 Murray)

Relevance up to 01:00 2026-08-18 UTC--4

Exchange Rates 04.08.2026 analysis

XAU/USD is trading around $4,060, having rebounded during Monday's US session from the $4,026 level, and is likely to continue rising; it could break through the strong 2/8 Murray resistance and consolidate above the 21 SMA around $4,066.

If we see the price of gold remain above $4,062 in the coming hours, this could be considered an opportunity to open long positions, as technically the price could reach the 200 EMA around $4,115. Even if it breaks through this strong resistance, we could expect gold to reach the 3/8 Murray level around $4,218.

The Eagle indicator is showing a positive signal for gold, and it is expected to continue rising in the coming hours. Therefore, we will look for buying opportunities as long as the price remains above the 2/8 Murray level.

Conversely, if gold falls below $4,030 and decisively breaks the downtrend channel, there could be an accelerated decline, potentially reaching the -1/8 Murray level around $3,905.

Our outlook will remain bullish as long as the price consolidates above the strong resistance at the 2/8 Murray level; any technical pullback will be viewed as an opportunity to open long positions.

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.

Dimitrios Zappas,
Analytical expert of InstaSpot
© 2007-2026
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