Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

GOLD SELLING OPPORTUNITY? XAUUSD Still Bearish! #gold #xauusd #forexsignals #hometraderclub

10 Jun 2026 · 1 min

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In this market commentary, Vladimir Ribakov reviews recent gold (XAUUSD) price action, confirming that previously identified key resistance levels have held and driven the price lower. He maintains that gold remains under strong bearish pressure and projects the next major target to be in the $3,600‑$3,500 range, where a potential bottom could form accompanied by bullish divergence. While acknowledging that short‑term pullbacks are possible, he emphasizes that the overall bias stays downside, expecting further declines before any sustained reversal.

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What happens with the gold? So last time we discussed about this one, we marked some key levels and these were the ones we expected to see holding and from there to get the gold pushing it to the downside. And you can see how well it does that exactly. What's next with gold? I still think we are under bearish pressure. I would not be surprised if the gold would push all the way closer to the low here until it will find a bottom with some bullish divergence there. I still think it's under bearish pressure, and this zone is the first zone, while this range is the ideal final destination that I would not be surprised if would be reached. We are talking about $3,600, $3,500 probably. So for me, gold is still under bearish pressure. Um, on the short term, of course, pullbacks could happen, but I still think gold has more to the downside.