Gold Analysis – 04.Jun.2026
Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that price initially continued lower after the previous update and printed a fresh low around $4425. However, once again buyers stepped in aggressively from the demand zone and triggered a strong recovery.
At the same time, several major geopolitical headlines supported the move higher. Reports regarding a ceasefire between Israel and Lebanon, along with the U.S. House of Representatives voting to limit potential military action against Iran, helped improve market sentiment and pushed Gold back above the $4500 level.
Currently, Gold is trading around $4505 and the short-term momentum has shifted back toward the upside. If buyers continue defending higher lows, the probability of further bullish expansion increases.
From a structural perspective, the nearest demand zones are now located around $4470 – $4490, followed by a stronger demand cluster between $4420 – $4440. On the upside, the closest supply zones are located around $4525 – $4550, followed by a stronger resistance area between $4580 – $4620.
However, traders should remain cautious. This is already the third or fourth time this week that major geopolitical headlines have completely reversed market sentiment within hours. One day the market prices in escalation, the next day it prices in de-escalation. Because of that, it’s better to focus on the key supply and demand zones rather than becoming emotionally attached to any single narrative.
For now, as long as Gold remains above the $4470 – $4490 demand zone, the probability of another push toward higher supply levels remains elevated.
(This Post on TradingView)
Author : Arman Shaban
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