Is gold on a date with a strong rebound from this region?

Is gold on a date with a strong rebound from this region?

Is gold on a date with a strong rebound from this region?

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: šŸ“Œ 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. šŸ“Œ 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. āš 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. šŸ“ 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 šŸ“‰ 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.

Join Our Newsletter

to keep up to date with us!

logo