Is Gold preparing for another push higher before a larger bearish move?

In this weekly Gold forecast, Vladimir Ribakov analyzes the current XAUUSD market structure, bullish momentum, major supply zones, falling trend lines and the key scenarios traders should monitor during the week of 13 July 2026.

Gold reacted strongly from the support zone highlighted in last week’s forecast.

After briefly breaking below that area, the market formed a bullish engulfing pattern and produced a strong recovery.

In the short term, Gold may continue higher as it develops:

• An ABCD corrective structure
• A wider consolidation range
• Another push toward major resistance
• A possible test of the falling trend line
• A potential bearish-divergence setup

However, the longer-term outlook remains more cautious.

Several important supply zones and falling resistance lines are positioned above the current market. If Gold fails to break and hold above those areas, the rally could eventually create another potential selling opportunity.

Short-term outlook: Bullish correction

Longer-term outlook: Watch for exhaustion near resistance

Gold may eventually attempt to revisit the important daily low near the 3,890 area.

Would you trade the short-term rally or wait for a bearish reversal near resistance?

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⚠️ Educational content only. This is not financial advice. Trading Gold, Forex and leveraged products involves substantial risk.

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