XAU/USD | Gold Continues To Respect The Bearish Structure!

Jun 8

By analyzing the #Gold chart on the 4H timeframe, we can see that price once again followed the scenario discussed in our previous update. After reacting perfectly from the supply zone we highlighted, Gold entered another aggressive sell-off.

As expected, sellers regained control from the upper supply area and price collapsed sharply, reaching a fresh low around $4269. The renewed conflict between Iran and Israel acted as a catalyst behind this move. However, after news regarding another ceasefire emerged, Gold experienced a strong rebound and managed to recover toward the $4346 region.

Currently, Gold is trading around the $4330 area. Despite this recovery, in my view the broader structure remains bearish and the recent bounce looks more like a temporary correction rather than the beginning of a new bullish trend.

From a structural perspective, the nearest supply zones are now located around $4350 – $4380, followed by a stronger resistance cluster between $4420 – $4450. On the downside, the closest demand zones are sitting around $4250 – $4275, with deeper structural support located between $4190 – $4220.

In my view, as long as Gold remains below the higher supply zones, the probability of another heavy bearish leg remains elevated. The next medium-term downside targets to monitor are $4200, followed by $4100, and potentially the major psychological level around $3999 if bearish momentum accelerates further.

For now, Gold remains extremely headline-driven and highly sensitive to geopolitical developments. Any new escalation or de-escalation between Iran and Israel could trigger violent swings in both directions. Nevertheless, the broader bias remains bearish until proven otherwise.

This analysis will be updated as the market evolves.

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Best Regards , Arman Shaban

Jun 9

Trade active

By analyzing the #Gold chart on the 4H timeframe, we can see that price once again respected the bearish scenario discussed in our previous update. After recovering toward the $4364 region, sellers aggressively stepped back into the market and triggered another heavy sell-off.

As a result, Gold collapsed sharply and reached a fresh low around $4238 just moments ago, delivering more than 1200 pips of downside movement in less than a day. I hope many of you managed to take advantage of this move.

From a structural perspective, the nearest supply zones are now located around $4280 – $4310, followed by a stronger resistance cluster between $4340 – $4370. On the downside, the closest demand zones are sitting around $4200 – $4220, with deeper structural support located around $4090 – $4120.

In my view, as long as Gold remains below the higher supply zones, the broader bearish structure remains fully intact. The next downside targets to monitor are $4200, followed by $4150, then $4100. If bearish momentum accelerates further, Gold could potentially extend toward the major psychological level around $3999 in the medium term.

For now, Gold remains extremely sensitive to geopolitical developments and headline-driven volatility. Nevertheless, sellers continue to dominate the market structure and lower liquidity levels remain exposed.

This analysis will be updated as the market evolves.

Jun 10

Trade closed: target reached

By analyzing the #Gold chart on the 4H timeframe, we can see that price once again followed the bearish scenario discussed in our previous update. Gold successfully reached both the $4200 and $4150 downside targets that we highlighted yesterday, bringing the total return from this week's setups to more than 2200 pips.

Currently, with less than 20 minutes remaining before the CPI release, markets are entering an extremely sensitive phase. In my view, Gold's aggressive sell-off over the past few sessions suggests that traders may already be pricing in the possibility of a hotter-than-expected U.S. inflation report.

At the same time, geopolitical risks remain elevated. New statements from Trump, including threats regarding Iran and potential attacks on strategic infrastructure, have added another layer of uncertainty and volatility to the market.

From a structural perspective, the nearest supply zones are now located around $4150 – $4180, followed by a stronger resistance cluster between $4220 – $4250. On the downside, the closest demand zones are located around $4080 – $4100, with deeper structural support sitting near $3990 – $4020.

In my view, if today's CPI data comes in stronger than expected and geopolitical tensions continue to rise, there is a strong possibility that Gold extends its decline below the $4100 level during today's session. However, traders should be prepared for extreme volatility and sharp reversals around the data release.

For now, the broader bias remains bearish and lower liquidity levels continue to attract price.

This analysis will be updated as the market evolves.

Jun 10

Note