Gold Price Forecast: XAU/USD stays below 20-day EMA, sees...

Gold Price Forecast: XAU/USD stays below 20-day EMA, sees further downside below $3,940

Published Jul 16, 2026 6:58 AM Last refreshed Jul 29, 2026 11:02 AM Source: EODHD Event Time: Jul 16, 2026 6:58 AM

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Gold Price Forecast: XAU/USD stays below 20-day EMA, sees further downside below $3,940

Source: EODHD - https://www.fxstreet.com/news/gold-price-forecast-xau-usd-stays-below-20-day-ema-sees-further-downside-below-3-940-202607161058
Published: Jul 16, 2026 6:58 AM

Gold price (XAU/USD) is down 0.7% to near $4,030 during the European trading session on Thursday. The precious metal faces selling pressures as global inflation concerns remain intact amid elevated energy prices in the wake of widening military aggression between the United States (US) and Iran.

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.