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Gold Price Analysis – Gold Trapped Between $4,000 Support and $4,200 Resistance
FX Empire· 2026-07-23 21:05
Macro Headwinds and Technical Death Cross Weigh on GoldAnd the energy shock that’s being priced into the bond market has people running from anything remotely close to risk at times. The 50-day EMA broke down below the 200-day EMA a couple of weeks ago, kicking off the so-called death cross. That is a technical indicator that a lot of people will look at with suspicion, and this is typically something that longer-term traders look at as a very bearish turn of events.Whether or not that actually plays out re ...