XAUUSD DAILY OUTLOOK: Back on the defensive

GVI · July 28, 2026
General

On the defensive after failing to build on an opening week gap up yesterday.

Now dependent on 4021 holding to prevent the focus shiftING to 4000.

For intra-day traders, 4050 is pivotal in setting the trading bias (currently below it).

(AT 4 hour chart)

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