; Gold Price Forecast: XAU/USD to rise towards next major hurdle near the $$1,866 areaNEWS | 7/16/2021 6:26:14 AM GMT | By FXStreet Insights Team Gold seesawed between tepid gains/minor losses on Thursday and finally settled with modest gains for the third straight session. According to FXStreet’s Haresh Menghani, near-term bias remains tilted in favour of XAU/USD bulls. The $1,820 region seems to protect the immediate downside “Market participants now look forward to the release of the US monthly Retail Sales figures, due later during the early North American session. Apart from this, the US bond yields will influence the USD price dynamics and provide some impetus to the XAU/USD.”