XAUUSD DAILY CHART OUTLOOK: Focus staying on 4000

Trader 1 · July 17, 2026
General

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Daily chart: Downtrend but consolidating while above the 3942 low.

Other charts: So far unable to shake a focus from 4000 after a bunce from a pause above 3861 (low at 3969) , the last obstacle to 3942.

4000 (not technical but pivotal): While above 4000 would cool off the move, 4043+ would be needed to break current momentum. Below 4000 keeps risk on the downside.

(Amazing Trader 4 hour chart)

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