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The U.S. Dollar Pushes Gold Lower

Technical Analysis
By Ahmed Ashraf
The U.S. Dollar Pushes Gold Lower
0 8

GOLDذهب 7-7-2026

Gold is trading below the $4200 resistance area, and prices are likely to move sideways between that resistance area and the $4050 support area during today’s trading.​

Support

 4050 3950
Resistance 4200

4375

Gold prices declined as uncertainty over the path of U.S. interest rates continued and the dollar regained strength, while oil prices rose after reports of a vessel being targeted in the Strait of Hormuz, reviving concerns over fresh inflationary pressures. Losses also extended to silver and platinum after strong gains last week, while markets await the Federal Reserve’s June meeting minutes for clearer signals on monetary policy direction, especially after Fed Chair Kevin Warsh reaffirmed the bank’s commitment to its 2% inflation target.

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Ahmed Ashraf

Technical Analyst & Economic Researcher at LDN Global Markets

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