Gold: Harmonic model supports strong upward expected from support zones

Gold: Harmonic model supports strong upward expected from support zones

Gold: Harmonic model supports strong upward expected from support zones

04 Jun 2026

by: Kadiri Radouane

Date: juin.4.2026 Current price: 4462

Expected general trend: upward (buy). Current situation: The price is in a temporary corrective downward wave pointing downwards. Aggregation (purchase) area: The blue rectangle at the bottom (between 4,390 and 4,415 levels), a strong support and demand area whose strength was inspired by a previous rebound. Next scenario: The price is expected to touch this blue zone, and then make a oscillating movement to accumulate momentum, followed by a strong and rapid upward rebound (represented by a black stock) targeting levels close to In short: Wait for the price to reach the blue support zone, and look for bounce signals to buy and target high peaks.

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