⚔️ GOLD BRIEF | Thursday, July 9, 2026 💰 GOLD PRICE (XAU/USD) Current: $4123.44 📈 High: $4138.09 📉 Low: $4054.36 🔄 Change: +46.43 (+1.14%) 💵 US DOLLAR (DXY) Current: 100.95 📉 Trending DOWN - Bullish for gold 🎯 KEY LEVELS 🔴 Resistance: $4,200 🟢 Support: $4,050 📊 DAILY BIAS 🟡 NEUTRAL Gold ripped $69 off the $4,054 daily low and closed near session highs. bulls showed up when it counted. But the daily chart still has lower highs from the January peak and the 20-day EMA is sloping down above price. Today's bounce is a correction inside a medium-term downtrend, not a reversal. 💥 BREAKOUT WATCH Eyes on $4,200. That level has rejected sellers repeatedly on the daily chart and sellers stack there every time. Clean daily close above $4,200 opens $4,355 fast. Bulls need that level or this rally fades. 🔄 PULLBACK WATCH $4,050 is the floor right now. today's low at $4,054 tested it and held. Lose $4,050 on a daily close and $4,000 opens up immediately. Don't underestimate that level. $4,000 is where this gets ugly. 📰 WHAT'S MOVING GOLD TODAY Trump declared the Iran ceasefire over and US military ran strikes on Iran for the second straight day. Oil surged and inflation fears came roaring back, sending Fed rate hike bets for September to 70%. The dollar backed off its weekly highs and gold caught a bid. but the FOMC minutes showed divided policymakers, and China's central bank just posted its largest monthly gold reserve increase in 2.5 years. ⚠️ WHAT TO WATCH TOMORROW No major US data Friday, but Middle East headlines are running the show right now. Any escalation through the Strait of Hormuz over the weekend gaps this market Monday morning. The real trade is CPI on Tuesday, July 14. that number moves gold more than anything else right now. 📅 ECONOMIC CALENDAR Initial Jobless Claims released today, July 9. CPI for June drops Tuesday, July 14. that's the next major market mover. PPI follows Wednesday, July 15.