FPG XAUUSD Market Report June 10, 2026

On the H1 timeframe chart, XAUUSD (Gold) is once again experiencing a significant price decline, marking the second wave of the current selloff. This latest drop has pushed the price from 4,363 down to 4,210 after failing to sustain momentum near the 4,363 resistance area. Previously, Gold had already declined sharply from the 4,475 region, highlighting the persistence of bearish sentiment in the market. The current price is trading around 4,225, remaining close to the lower support zone and reflecting continued downside pressure as sellers maintain control of the overall trend structure.
 
Technical indicators continue to support the bearish outlook visible on the chart. Price is trading below the middle Bollinger Band and remains positioned near the lower band, indicating that downward momentum is still dominant despite occasional corrective rebounds. The Parabolic SAR dots remain above the current candles, confirming that the prevailing trend continues to favor sellers. Meanwhile, the Bulls Power indicator has moved deeper into negative territory, signaling weak buying interest, while the Stochastic oscillator remains near oversold levels, suggesting that any short-term recovery may be limited unless a stronger bullish reversal signal emerges.

Stronger-than-expected U.S. Non-Farm Payrolls data, resilient ISM figures, and growing expectations that the Federal Reserve could keep interest rates elevated for longer have remained the primary drivers of market sentiment. At the same time, weak Chinese inflation and producer-price data reinforced concerns about slowing demand from the world’s largest commodity consumer, while global equity markets faced renewed selling pressure. The combination of rising Treasury yields, a stronger U.S. dollar, and speculation that future Fed rate cuts could be delayed triggered broad liquidation across precious metals. As a result, Gold’s current decline appears to represent the second wave of its correction, extending the initial selloff as traders continue reducing bullish exposure ahead of key U.S. inflation data and upcoming Federal Reserve guidance.

Technical Market Overview
1. Current Position: XAUUSD is trading around 4,225 on the H1 timeframe after experiencing a sharp bearish decline from the 4,363 resistance zone. The metal remains under strong selling pressure and is currently positioned near its recent lows, reflecting the continuation of the second wave of the ongoing correction.
2. Resistance Zone: The nearest resistance is located at 4,363, which acted as the starting point of the latest bearish wave. A stronger resistance zone remains at 4,475, where previous selling pressure emerged and triggered the initial phase of the broader decline.
3. Support Zone: Immediate support is located around 4,210, the recent low reached during the latest selloff. A sustained break below this level could expose Gold to further downside movement and potentially extend the bearish trend toward lower support areas.
4. Indicator Observation: The Bollinger Bands indicate strong downside momentum, with price trading near the lower band. The Parabolic SAR remains above the current candles, confirming the prevailing bearish trend. Bulls Power is deeply negative, reflecting weak buying interest, while the Stochastic oscillator remains near oversold territory, suggesting the possibility of short-term consolidation but not yet signaling a confirmed reversal.
5. Technical Summary: The overall technical outlook remains bearish as Gold continues to trade below key resistance levels and maintain a sequence of lower highs and lower lows. Momentum indicators continue to favor sellers, while current price action suggests that the second wave of the correction remains active. Unless buyers can reclaim the 4,363 resistance area, downside risks are likely to remain dominant in the near term.

Market Performance:
Precious Metals  Last Price % Change
XPTUSD                         1,701.92         −0.73%
XAGUSD                       64.9670       −0.58%

Today’s Key Economic Calendar:
US: API Crude Oil Stock Change
CN: Inflation Rate MoM & YoY
CN: PPI YoY
US: MBA 30-Year Mortgage Rate
US: Core Inflation Rate MoM & YoY
US: CPI & CPI s.a.
US: Inflation Rate MoM & YoY
CA: BoC Interest Rate Decision
CA: BoC Press Conference
US: EIA Crude Oil & Gasoline Stocks Change
RU: Inflation Rate MoM & YoY