YLG Bullion International Company Limited assessed the gold price trend today, stating that if the price does not fall below $4,066 per ounce, it still has a chance to move higher, with the next resistance levels at $4,103 to $4,138 per ounce. However, if it breaks below $4,066 per ounce, the positive outlook will diminish. Yesterday, gold closed up $68.98 per ounce, driven by hopes of diplomatic progress between the United States and Iran, which could ease pressure on the Federal Reserve to maintain a tight policy. Iran received a 10-day ceasefire proposal from an intermediary country. Meanwhile, safe-haven buying supported prices after President Trump announced a 50% import tariff on Canadian goods worth around $20 billion, effective August 19, 2026.