Gold Analysis – 29.Jun.2026
Gold Analysis: By analyzing the #Gold chart on the 2H timeframe, we can see that after the recent volatility, the initial bearish move played out as expected, although price dropped slightly deeper than anticipated. Currently, Gold is trading around the $4025 region. In my view, we may first see a short-term pullback before the next bullish attempt begins. The most important area to watch is the $3990 – $3997 demand zone. As long as price holds above this region, the short-term recovery scenario remains valid.
The nearest demand zones are located around $3990 – $3997, followed by deeper support around $3958 – $3970. On the upside, the closest supply zones are around $4045 – $4060, followed by the stronger resistance area between $4092 – $4125.
If buyers defend the current demand zone, the next short-term upside targets to monitor are $4045, followed by $4060, then $4092, $4100, and potentially $4125 if bullish momentum continues to build. For now, I expect a minor correction first, then another bullish attempt as long as Gold continues to hold above the key $3990 – $3997 zone.
(This Post on TradingView)
Author : Arman Shaban
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