YLG Bullion International Company Limited analyzed the gold price trend today, July 24, 2026, noting that prices have entered a consolidation phase. Although gold has not yet broken below $4,040, strong selling pressure calls for greater caution. A short-term bounce is possible, but if it fails to clear $4,166, prices may oscillate sideways in a triangle pattern, with initial resistance at the $4,095–$4,140 zone and then at $4,166. The investment strategy recommends taking profit on long positions if the price fails to break through $4,095–$4,140, and cutting losses if it falls below $4,040. It also suggests opening short positions when the price fails to break $4,140–$4,166, with a stop-loss if it surpasses $4,166, and then waiting to buy back if the price holds above the $4,040–$4,000 zone. A key pressure factor is that gold tumbled $84.64 yesterday after Middle East tensions pushed Brent crude oil to $100 per barrel for the first time since late May, fueling inflation concerns and expectations that the Federal Reserve may raise interest rates. The CME FedWatch Tool shows the market now prices an 83% chance of a Fed rate hike in September, up from 68% the previous day, which supports the dollar and weighs on gold.