XAUUSD / GOLD WEEKLY OUTLOOK 🚨
📅 Week Starting: June 08, 2026
Market Bias: BEARISH
Gold has faced a strong rejection from the major supply zone and continues to trade below key resistance levels. As long as price remains below the resistance area, sellers may continue to dominate the market.
🔴 Key Resistance Zone: 4400 – 4420
🔴 Invalidation for Sell Resistance: 4450 – 4460
🟢 Major Support Zone: 4230 – 4240
🎯 Projected Weekly Target: 4230 – 4240
📈 Expected Scenario
Price may retrace towards the 4390–4420 resistance area before finding selling pressure. A rejection from this zone could trigger the next bearish leg toward the 4230–4240 demand zone.
⚠️ Invalidation Level
A strong daily close above 4475–4485 may weaken the bearish outlook and open the door for further upside.
💡 Technical Confluences:
1 0.618 Fibonacci Retracement Rejection
2 Strong Supply Zone Resistance
3 Descending Trendline Structure
4 Bearish Daily Candle Close
5 Lower High Market Structure
📉 Overall Outlook:
Gold remains under bearish pressure while trading below the major resistance zone. Traders should monitor retracements into resistance for potential continuation opportunitie#XAUUSD