Gold broke below the 4000 level, and it remains under bearish pressure within wave C of a larger ABC corrective decline. We are actually observing an ending diagonal / wedge pattern within the wave C based on both 4H counts, so any recovery can be just a short-term pullback before a continuation lower with space even down to the 3600 area.Scattered gold bars on black table by Varga_photography via Adobe Stock
Gold Breaks Below 4000 as Wave C Decline Extends
Written on 06/30/2026
Gregor Horvat

