Jun. 9 at 8:32 PM
$GOLD rebounded from Monday’s low but got rejected at resistance, with Wave 4 correction still in play.
Orange scenario points to a direct move lower, with weak support at
$4,255–
$4,180 and a deeper target around
$4,000–
$3,865.
The blue scenario allows a larger bounce, but only if
$4,364 is reclaimed — which hasn’t happened.
As long as
$GOLD stays below
$4,364, downside pressure remains in control.
