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23.06.202618:55 Analisis Forex & Kajian: Trading Signals for GOLD on June 23-26, 2026: buy above $4,090 (21 SMA - rebound)

Relevance up to 12:00 UTC--4

Exchange Rates 23.06.2026 analysis

Gold is trading around $4,127 within a downtrend channel that has been forming since June 17 and below the 21 SMA. Since the opening of Tuesday's session, gold has plunged from $4,200 to $4,090, indicating strong downward pressure. We could expect it to continue falling in the coming days until it reaches the 5/8 Murray level around $4,062.

Technically, on the H4 chart, gold has formed a technical retracement zone. However, we should expect consolidation above $4,100 for a sustained bullish recovery in the coming days.

A decisive break above $4,175 and consolidation above this level could provide a positive buy signal so that we could open long positions with targets at the 6/8 Murray level around $4,375 and potentially even reaching the 200 EMA around $4,394.

The Eagle indicator has reached overbought levels, and technically, a divergence is visible. So, extreme caution is warranted, as this could mean that gold might continue its slide in the coming days and even reach the 4/8 Murray level around $3,750.

For a sustained uptrend, we should look for buy signals above $4,170; conversely, below this zone, we could expect the instrument to resume its bearish cycle.

* Analisis pasaran yang disiarkan di sini adalah bertujuan untuk meningkatkan kesedaran anda, tetapi tidak untuk memberi arahan untuk membuat perdagangan.

Dimitrios Zappas,
Analytical expert of InstaSpot
© 2007-2026
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