Gold Analysis – 05.Jun.2026
Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that this time the bullish continuation scenario did not materialize. However, price reacted beautifully from the exact supply zone that we had highlighted in the previous update.
After reaching the $4515 supply area, sellers stepped in aggressively and completely rejected the bullish move. The market then entered a strong bearish phase and accelerated lower throughout the session.
Adding fuel to the move, today’s NFP release strengthened bearish momentum even further, helping Gold break below the major $4400 level and push toward the $4365 region.
More importantly, Gold successfully swept the liquidity resting below $4365, exactly as anticipated in our previous analysis. This confirms that the market continues to respect the key liquidity levels we have been tracking.
From a structural perspective, the nearest supply zones are now located around $4390 – $4420, followed by a stronger resistance cluster between $4450 – $4480. On the downside, the closest demand zones are located around $4335 – $4365, with deeper structural support sitting near $4300 – $4320.
In my view, there is now a strong probability that Gold attempts a short-term corrective bounce from the $4335 – $4365 demand zone after completing the recent liquidity sweep. If buyers manage to defend this area, the first upside targets would be $4390, followed by $4420, then $4450. A stronger recovery could even extend toward the $4480 region before sellers become active again.
That said, this would still be considered a corrective move inside a broader bearish structure. Until Gold reclaims the higher supply zones, sellers remain in control and the overall bias remains bearish.
This analysis will be updated as the market evolves.
(This Post on TradingView)
Author : Arman Shaban
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