June 11, 2026
The Big Picture
The sharp rise in the price of gold since 2023 peaked at $5,500 earlier this year.
Since then, the price has been clearly trending downward. Recently, the 200-day moving average and the upper line of the green trend channel were broken to the downside.
Currently, there are four support levels:
+ the round number of $4,000
+ the low from late 2025 at this level
+ the upper line of the orange trend channel
+ the purple upward trend line (derived from the 24-day lows)
Should the gold price fall even further, another massive support level awaits in the $3,400–$3,500 range.
Here, on the one hand, lies the resistance zone from 2025, which had formed prior to the last two upward waves (gray line), and on the other hand, the middle line of the orange trend channel and the lower green trend line.
Below that, the round figure of $3,000 would come into focus—that is also where the lower line of the orange trend channel will be located in the near future.
Source: Comdirect
Source: https://goldinvest.de/en/chart-update-gold-will-it-hold-at-4-000-where-are-the-next-support-levels
