XAU/USD | Gold Breaks Below $4100 And Extends The Bearish Move!

Jun 11

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 the $4100 downside target and extended its decline even further, printing a fresh low around $4023 before rebounding modestly.

Currently, Gold is trading around the $4081 region. Despite this temporary recovery, the broader structure remains heavily bearish and, in my view, lower liquidity levels are still attracting price.

From a structural perspective, the nearest supply zones are now located around $4100 – $4125, followed by a stronger resistance cluster between $4160 – $4200. On the downside, the closest demand zones are sitting around $4000 – $4020, with deeper structural support located around $3930 – $3960.

In my view, the next bearish targets to monitor are $3999, followed by $3950, and then $3930. However, traders should keep in mind that two unfilled Fair Value Gaps are still present on the chart. The first FVG lies between $4121 – $4165, while the second one is located around $4188 – $4234.

That said, I believe the probability of another bearish leg toward lower liquidity levels is higher before Gold attempts to revisit and fill those imbalances. For now, sellers remain firmly in control and the overall bias continues to favor further downside.

This analysis will be updated as the market evolves.

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Best Regards , Arman Shaban

Jun 12

Trade active

By analyzing the #Gold chart on the 4H timeframe, we can see that price once again respected the scenario discussed in our previous update. Before any deeper correction could develop, comments from Trump triggered a strong rebound and Gold rallied from around $4,080 all the way up to $4,246.

More importantly, this rally successfully filled both Fair Value Gaps that we highlighted in the previous analysis. After completing those imbalances, Gold reacted exactly as expected and sellers regained control, pushing price back down toward the $4,200 region.

From a structural perspective, the nearest supply zones are now located around $4230 – $4260, followed by a stronger resistance cluster between $4300 – $4340. On the downside, the closest demand zones are sitting around $4180 – $4200, with deeper structural support located around $4100 – $4120.

At this stage, the key question is whether Gold can successfully stabilize below the important $4240 level. In my view, if price continues to trade below this area, the probability of another bearish leg toward lower liquidity zones remains elevated.

The next downside targets to monitor are $4150, followed by $4100, then $3999 if bearish momentum accelerates again.

For now, sellers remain in control and the broader bias continues to favor the downside. This analysis will be updated as the market evolves.