Gold (XAU/USD) Quick Price Action Insight: Could Sellers Defend the $4,323–$4,377 Resistance Zone Again?

Key Takeaways:

1. The overall market displays a strongly bearish market structure across multiple higher timeframes.
2. A break and retest pattern at the $4,323–$4,377 resistance level offers the highest probability setup.
3. Patience is required to catch the right candlestick confirmation before executing any trades.

What is the technical price action on Gold telling us?

Weekly chart

Weekly Chart Simple Price Action Analysis

The weekly chart of Gold (XAU/USD) continues to show strong bearish momentum, with price clearly showing a strong rejection of both the resistance level and weekly 50 EMA indicator.

Weekly Chart Simple Price Action Analysis. Rejections on Head & Shoulders and Daily Resistance Level

Here is what I notice on Gold weekly timeframe:

1. The market structure remains bearish
2. Properly retest the daily resistance level
3. The 50 EMA acted as a secondary resistance level
4. Price rejected at the neckline of the head & shoulder pattern

Want to master how to identify market trends and candlestick confirmation? Check out these blogs:

1. A Guide to Master Price Action Strategy that Works in Any Market: How to Master the Trend in Trading Any Market
2. A Guide to Master a Strategy that Works in any Market: The Structure of a Market Trend
3. The Top Japanese Candlestick Patterns to Trade: Mastering Japanese Candlestick Confirmation + Pairing with Price Action Analysis
4. The Top Japanese Candlestick Patterns to Trade: How to Use the Engulfing Candlestick as a High-Probability Entry Signal

Daily chart

Daily Chart Simple Price Action Analysis

How Gold looks on daily chart using price action analysis?

On the daily chart, price is still at a bearish structure and already rejected the daily resistance to create a potential lower high structure, potential retest showing of the daily resistance level.

Daily Chart Simple Price Action Analysis. Valid Rejections

Daily Chart Observations:

1. Daily structure remains strongly bearish
2. Daily resistance level is well respected, showing previous rejections at the exact level
3. The 50 EMA is above the price indicates price is still overall bearish structure

What is the quickest setup for this current price action on Gold?

With Gold (XAU/USD) maintaining a bearish market structure, one of the highest-probability setups is the break and retest pattern. A pullback into support and resistance levels could offer a potential trend continuation opportunity.

Want to learn more about the break and retest pattern setups? Check out these blogs:

1. Break and Retest: A Simple Repetitive Price Action Pattern?
2. Break and Retest: How to Capitalize Repetitive Patterns in Trading?

Bullish scenario

Daily Chart Simple Price Action Analysis. Bullish Bias Anticipation

Bullish momentum could occur in Gold if:

1. If price break and retest daily resistance level at 4323.247 – 4377.649
2. Proper retest double bottom the validate the reversal pattern
3. Confirm bullish candlestick rejection after the break and retest of the daily resistance level

Want to know the exact entry signal and candlestick confirmation for this trade setup? Check out this blog:

1. The Top Japanese Candlestick Patterns to Trade: Mastering Japanese Candlestick Confirmation + Pairing with Price Action Analysis

Trade idea:

1. Target price or profit at 4500.000
2. Stop-loss placed below potential support zone (once daily resistance is broken then it could now potentially act as a support level)

Want to learn the proper placement of take profit and stop-loss? Check out this blog:

1. How to Step-by-Step Swing Trade Gold (XAU/USD) with Pure Technical Price Action Analysis?

(Note: This bullish trade idea on Gold (XAU/USD) is considered a low-probability setup since it did not align with the overall higher timeframe trend.)

Bearish scenario

Daily Chart Simple Price Action Analysis. Bearish Bias Anticipation

Bearish momentum could occur in Gold if:

1. If price properly retest daily resistance level at 4323.247 – 4377.649
2. Confirm a bearish candlestick rejection at the retest of the daily resistance zone

Trade Idea:

1. Target Price or take profit at 0.55600
2. Stop-loss placed above potential resistance zone (once daily support level is broken then it could potentially act as a resistance level)

(Note: This bearish trade idea on Gold is considered a high-probability setup since it does align with the overall bearish trend of the market.)

Final thoughts

Right now, Gold is still looking bearish, If sellers continue to defend the resistance level, we could see further potential drop to the downside.

For now, staying patient and waiting for the market to do its thing is the main plan.

Always remember!

Trading isn't about forcing trades, it's about waiting for the market to come to you and executing with discipline when the opportunity is there.

Now you know already have a price action setup on Gold (XAU/USD) this week then,

Your next step is:

1. To know trader’s beginner steps before your trade
2. Mastering your psychology
3. Mastering the simple price action strategy
4. Mastering Repetitive Patterns in Trading
5. Trading live using this simple price action strategy

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Beginners path:

1. Beginner Trading Steps: 4 Rules to Follow Before You Trade
2. The 1% Risk Rule: The Most Common Mistakes That Quietly Destroys 90% of Traders

Mastering popular forex pairs using simple price action strategy

Ready to learn simple price action strategy? Here’s how to do it step by step:

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Master how to identify market trend

1. A Guide to Master Price Action Strategy that Works in Any Market: How to Master the Trend in Trading Any Market
2. A Guide to Master a Strategy that Works in any Market: The Structure of a Market Trend

Master how to use break & retest pattern

Ready to learn and capitalize the repetitive patterns in the markets? Here’s how to do it step by step:

1. Break and Retest: A Simple Repetitive Price Action Pattern?
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Master how to use candlestick confirmation & patterns

1. The Top Japanese Candlestick Patterns to Trade: Mastering Japanese Candlestick Confirmation + Pairing with Price Action Analysis
2. The Top Japanese Candlestick Patterns to Trade: How to Use the Engulfing Candlestick as a High-Probability Entry Signal

Mastering the 50 EMA

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Learn how to trade Gold

Gold is still one of the most traded assets, here’s how to trade it with confidence:

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Swing trading 101

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Mastering traders mindset

Your mindset is what separates steady growth from costly mistakes. Focus on these essentials:

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Beginner trading roadmap

Not sure where to begin? Here’s a simple roadmap to guide you:

1. Common beginner Traders Mistakes → avoid overtrading, revenge trading, and chasing the market.
2. Master Traders Psychology → build discipline, patience, and emotional control
3. Mastering Risk Management → learn how to have a sustainable trading.
4. Master Simple Technical strategies & Indicators → especially price action, key levels, and market structure.
5. Applying to Real Market → forex, crypto and indices.

By building step by step; from basics → real trading → mastering the craft, you’ll gain clarity, confidence, and steady progress without ever feeling overwhelmed.

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Disclaimer:

Trading forex and derivative instruments involves substantial risk and may not be suitable for all individuals. Only use funds that you are prepared to lose. It is important to understand how these markets work and the risks involved before trading, and to seek independent financial advice if needed. All market analysis and insights shared are intended for educational and informational purposes only and should not be considered financial or investment advice. June 22, 2026