Gold Needs a Reset as Its Tailwinds Fade. Forecast as of 24.07.2026

While gold recovered its losses in 2022 thanks to central banks' bullion purchases, that tailwind has faded. Market sentiment has shifted, and demand for diversification has weakened. Only a de-escalation of tensions can support the precious metal. Let's discuss this topic and outline a trading plan.Major Takeaways Gold has lost its safety net. Gold is moving from the West to the East. The backdrop for XAU/USD is unfavorable. If the gold price falls below $3,950, short trades can