Gold (XAU/USD) Technical Analysis: Key Levels to Watch in H2 2026

Macro View of Gold

As we head into the second half of 2026, Gold (XAU/USD) continues to show resilience against a backdrop of shifting monetary policies and geopolitical tensions.

Key Support and Resistance Levels

From a technical standpoint, the weekly charts indicate a strong consolidation zone. We are closely monitoring the $2,400 resistance level. A sustained break above this could open the doors for a retest of all-time highs.

On the downside, critical support rests at $2,250, aligning with the 50-day moving average.

Indicators to Watch

The Relative Strength Index (RSI) on the daily chart shows a slight bearish divergence, suggesting that bullish momentum might be temporarily exhausting. Traders should wait for clear price action confirmation before committing to heavy long positions.

Trading Strategy

We recommend a range-trading approach in the short term, buying near support at $2,280 and taking profits near the $2,380 resistance, while keeping tight stop losses below $2,250.