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09.06.202606:58 Forex Analysis & Reviews: Trading Signals for GOLD on June 9-11, 2026: buy above $4,300 (21 SMA - 6/8 Murray)

Relevancia 00:00 2026-06-23 UTC--4

Exchange Rates 09.06.2026 analysis

Gold is trading around $4,329 below the 6/8 Murray level and bouncing after reaching the lower band of the descending trend channel around $4,268. Given that, after last week's non-farm payrolls report, the instrument left a gap around $4,375, this could be the target for further gains in the coming hours, with the price potentially reaching the 21-period SMA around $4,399.

Technically, gold is showing a positive signal, so a pullback towards $4,300 or $4,270 could be seen as a buy signal in the coming hours.

A consolidation above the 6/8 Murray level could signal a bullish scenario for gold, and we could continue buying in the coming days, with targets at the upper band of the ascending trend channel around $4,478.

The Eagle indicator is showing positive signs, so if gold reaches the S_1 support level around $4,280 or the daily S_2 support level around $4,231 in the next few hours, we could look to this area as a potential long position, with targets around $4,557 in the coming days.

Conversely, we could look to the area between $4,399 and $4,375 as a potential short position. Below this area, there is strong resistance, and we could sell with targets around $4,270.

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Dimitrios Zappas,
Analytical expert of InstaSpot
© 2007-2026
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