The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Gold price (XAU/USD) remains under bearish momentum as it stays below the 20-day EMA. Analysts suggest further downside potential if the price breaks the technical support level of $3,940. As of July 20, the price is approaching the tip of a technical triangle formation near the $4,000 area.