Gold faces a decisive reversal zone... Does the correction begin?

Gold faces a decisive reversal zone... Does the correction begin?

Gold faces a decisive reversal zone... Does the correction begin?

21 Jul 2026

by: Kadiri Radouane

Date: 21.Juillet.2026 Current price: 4067

On the two-hour (2H) time frame, gold formed a clear harmonical pattern, and the price has now reached the PRZ-compatible area with a strong supply area near 4,080 – 4,090. 🔹 The expected scenario: We may witness a limited rise towards the resistance zone, then the emergence of a price rejection and the beginning of a downward correction. 🎯 Potential target: area of approximately 3,960, with the possibility of targeting lower levels if the reflection is confirmed. ⚠️ Scenario condition: The price failed to penetrate the supply area and the stability above it. The breakout and the strong closing above it may invalidate the downside scenario. Conclusion: Gold is approaching an area that may be an important reversal point. It is better to wait for the confirmation of the price behavior before making any trading decision

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