
24 Jun 2026
by: Kadiri Radouane
Date: 8juin.2026 Current price:4328
This analysis on a 4-hour frame for gold (GOLD 4H) is based on a harmonic model with a strong support area: š What appears in the chart? * The price completes the model waves up to the point (5), which is the last expected point of the downturn. * There is an important support area between approximately 4275 and 4196 (blue rectangle). * The price is approaching this area, so the analyst expects the decline to end there. š Expected scenario: 1. A short descent towards the support area. 2. The appearance of a rebound or grouping within the region. 3. Then the launch of a strong bull that may target the levels of 4700 - 4800 and above, as the upward stock points out. ā ļø When does the analysis fail? If the price closes tightly below the support zone (approximately 4196), the decline may continue and the idea of a strong upside may become invalid. š Conclusion: The analysis believes that gold is approaching a potential buying area, and if the support holds, we may see a strong upward wave in the coming weeks. But confirmation of rebound remains more important than early entry
Gold.. Structural break and shift in direction
24 Jun 2026
by: Kadiri Radouane
GOLD UPDATE (GOLD 4H): BREAKING THE STRUCTURE AND TURNING DIRECTION š Previous scenario: We were waiting for a strong upward rebound of wave (5) from the axial support zone (4,275 - 4,196) towards the levels of 4,800. Current situation: The bounce scenario failed completely; as the price broke the support area with a strong downward momentum, and continued to fall above the level of 4,099. Technical conclusion: The gold structure has shifted to a downward trend in the medium term. Please be careful and avoid buying now, as previous broken support areas turn into retest resistance.