[Institution: COMEX Gold Futures May Find Support at $4,000 Per Ounce] According to a report by Golden Finance on July 2, Joseph Chai from RHB Retail Research stated in a research report that COMEX gold futures may have found support at $4,000 per ounce. The analyst noted that the latest bullish price movement on the daily chart indicates that the initial support level has formed at this price point. Chai mentioned that, given this precious metal appears to be undergoing consolidation, it may trade sideways around this level. However, the analyst also pointed out that both the 20-day and 50-day simple moving averages are steadily declining, which could exert downward pressure on this commodity. Chai added that, on the upside, the initial resistance level is at $4,400 per ounce.