04.06.202607:18 Forex Analysis & Reviews: Trading Signals for XAU/USD on June 4-6, 2026: buy above $4,460 (21 SMA - 61.8% Fibonacci)

Relevance up to 01:00 2026-06-18 UTC--4

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Gold is trading around $4,460, rebounding after reaching a key support zone that coincided with the daily support level around $4,430.

Gold is trading above the 61.8% Fibonacci retracement level, suggesting that a recovery could occur in the coming days if the price consolidates above $4,460.

The outlook for gold is positive, but for this to happen, XAU/USD must overcome the strong resistance at $4,489, where the 21-day SMA is located. If XAU continues to rise in the coming hours and consolidates above $4,490, this could be seen as a positive signal to buy, with targets at the 61.8% Fibonacci extension level around $4,564.

If the upward momentum prevails, we could expect gold to reach the 200 EMA around $4,590. If it breaks above this level, it will ultimately reach the 100% Fibonacci extension around $4,654.

A drop and consolidation below the 61.8% Fibonacci level could signal a negative outlook for gold. So, we could expect it to reach the 6/8 Murray level around $4,375 in the coming days.

Our trading plan for the coming hours is to buy at the current price level of $4,460, and we could place a stop-loss below yesterday's low around $4,430.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.