Gold Analysis – 23.Jun.2026

Gold Analysis: By analyzing the #Gold chart on the 12H timeframe, we can see that Gold remains relatively sluggish and lacks strong momentum. During today’s session, price entered the major demand zone between $4023 and $4119, where buyers stepped in once again and pushed Gold higher toward the $4145 region.

Currently, Gold is trading around $4136 and the key question is whether buyers can successfully maintain price above the critical $4119 level. A sustained hold above this zone would significantly improve the odds of a broader recovery.

From a structural perspective, the nearest demand zones are located around $4119 – $4130, followed by the stronger support area between $4023 – $4080. On the upside, the closest supply zones are located around $4160 – $4180, followed by a stronger resistance cluster between $4200 – $4235.

In my view, if Gold manages to stabilize above the $4119 demand zone, the next short-term upside targets to monitor are $4150, followed by $4180, then $4200, and potentially $4235 if bullish momentum starts to build again.

For now, patience remains important. Buyers have defended the key demand zone once again, but price still needs to prove that this rebound has enough strength to evolve into a larger bullish phase.

This analysis will be updated as the market evolves.
(This Post on TradingView)

Author : Arman Shaban

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