XAUUSD DAILY OUTLOOK: Breakouts?

GVI · August 5, 2026
General

Trend (short-term) Up

Momentum: Up while above 4120 (stronger) and 4065

Breakouts through 4120 and 4166, limited follow through on the latter (high 4180).

To build serious momentum, a firm break of 4220 would be needed. To put 4220 at risk, 4166 would need to become support.

Otherwise, dependent on 4100-20 holding to keep a bid although only sub-4065 would break momentum (on shorter-term charts)

(AT daily chart)

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