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Gold Market Outlook: Price Action, ETF Flows & Supply-Demand Dynamics July 2026
Gold is currently trading around $4,121. The long-term uptrend remains intact on the monthly chart, with price testing the key 0.618 Fibonacci level near $4,150.
A sustained move above $4,150 would strengthen the bullish structure and bring the next major technical targets at $4,789 and $5,602 into focus. On the downside, $3,900 and $3,700 represent key support levels. A decisive break below these zones would weaken the current setup and increase the risk of a deeper correction

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