Gold Analysis – 16.Jun.2026
Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that after our previous update, Gold continued moving lower and dropped toward the $4307 region. Currently, Gold is trading around $4318 and short-term momentum has turned bearish again.
In my view, if the next candle manages to close below the key $4300 level, Gold could extend its decline toward $4235 and finally complete the gap-fill scenario that we have been monitoring.
The next downside targets to monitor are $4280, followed by $4235 and potentially the broader demand zone between $4177 – $4235.
However, I believe that once price enters this major demand area, buyers could step in again and trigger the next bullish wave.
This analysis will be updated as the market evolves.
(This Post on TradingView)
Author : Arman Shaban
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