Medium Impact XAUUSD XAU Gold

Gold Price Forecast: XAU/USD hovers above $4,100 amid growing bearish pressure

Published Jun 23, 2026 7:02 AM Last refreshed Jul 29, 2026 11:03 AM Source: EODHD Event Time: Jun 23, 2026 7:02 AM
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Gold Price Forecast: XAU/USD hovers above $4,100 amid growing bearish pressure

Source: EODHD - https://www.fxstreet.com/news/gold-price-forecast-xau-usd-hovers-above-4-100-amid-growing-bearish-pressure-202606231102
Published: Jun 23, 2026 7:02 AM

Gold (XAU/USD) reversed Monday’s gains and resumed the broader bearish trend on Tuesday, testing support at the $4,100 level after failing to extend gains beyond $4,220 on Monday.

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.