Gold Price Forecast: XAU/USD attempts Descending Triangle...

Gold Price Forecast: XAU/USD attempts Descending Triangle breakout near $4,070

Published Jul 21, 2026 6:44 AM Last refreshed Jul 29, 2026 11:02 AM Source: EODHD Event Time: Jul 21, 2026 6:44 AM

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Gold Price Forecast: XAU/USD attempts Descending Triangle breakout near $4,070

Source: EODHD - https://www.fxstreet.com/news/gold-price-forecast-xau-usd-attempts-descending-triangle-breakout-near-4-070-202607211044
Published: Jul 21, 2026 6:44 AM

Gold price (XAU/USD) is up 1.5% to near $4,067 during the European trading session on Tuesday. The precious metal outperforms as the rally in oil prices has stalled, with investors turning confident that negotiations between the United States (US) and Iran towards peace have resumed.

Market context: This update is relevant to gold traders, with XAUUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.