XAuUSD Gold Technical Analysis 15 to 19 June 2026

Gold daily chart making lower low with lower high because it is daily so much big so much important almost everyone from scalper to long term investor they always watch almost daily their track daily time frame. So new lower low it is not good thing it is destroying long term gold sentiment. For last 7 month you can see gold is sideways not doing anything when it try making new lower low last week instant visa rejection so recent 3 daily candlestick you can see they all showing strong rejection when price trying to make new lower low below 4100 and all the magical thing gold doing below 4200 like be safe recovery instant rejection below 4200 so technically 4100 or you can say psychological 4000 dollar price try but before it even show 4000 dollar on the screen you saw be safe recovery and try jumping on intraday chart so 4000 dollar big static support level psychological level you can say red zone price could not stay near 4000 dollar instantly you saw jump of 200 dollar so that is your crystal clear support 4000 dollar in case price try making new lower low because biggest of all FOMC news this week your new fat share finally time has come he will give his first FOMC speech so in case of upside recovery for resistance area that will be 4400 so support and resistance both are clear so technically gold need correction so if new fat share like everyone asking even ECB doing rate hike last week shocking PPI number chart which is rising funny part trump saying he love inflation or under trump pressure if he willing to cut most important avoiding a rate hike then most important part core inflation last week you saw core PPI core CPI both lower than expected this is magical formula you have higher than expected monthly NAP number you have lower than expected monthly core CPI and PPI this is the thing you need to avoid a hike from fat sometime it feel like trump doing something with number because just before FOMC meeting you have higher than expected NAP and lower than expected core inflation number on monthly timing and this is the reason when core PPI came lower than expected immediately gold took a u-turn so this week FOMC meeting everything will be clear this week they will pause but upcoming time this year 2026 they will hike interest rate or they will pause interest rate but everyone know based on fat share Powell history they always choose core inflation you can see Nick Tamirao review even he said one number is not enough we need run of cool report not one if core inflation CPI PPI keep falling like that then this year very high chance they will not hike it is just beginning but everyone turn change at the same time and gold doing some reversal especially after core PPI number so something happening just before FOMC peak trump say he ending war trump give us higher than expected NAP number and trump gave us lower than expected core CPI and PPI all of those thing are happening just before FOMC meeting so before FOMC meeting support and resistance both are clear all political decision we don't know what he will do but if he say hike this year then gold already passing hawkish fat or if he say higher for longer pause entire year that's been avoiding hike tone then good for gold in that condition recovery can go up to 4400 now you can see gold weekly time frame RSI finally it is oversold and you can say it is highest oversold since October 2023 so not just daily but weekly time frame you can see all of them are showing strong rejection from $4000 area weekly have little change if support is $4000 then resistance only $4500 before 4500 weekly time frame have no resistance if correction begin after FOMC meeting under trump pressure if he say they will avoid hike or use core CPI PPI that was the biggest reason gold jump $200 after core PPI last week then gold can do recovery up to 4500 whatever Fed say this week if you sound more hawkish that buyer will defend on $4000 area big static support price is not there but we saw strong rejection last week in case of recovery upside recovery 4500 that is your strong resistance so this is your $500 range where thing are risky for seller and long term attractive for buyer so monthly time frame you can see it is a red line falling since March when war begin now time has come FOMC will give us clarity gold will stay below $4000 or above $4500 so watch carefully technically as a beginner as a scalper $4000 area hold or not after FOMC meeting this week but new fed said he will change so many thing he is saying they will stop using dot plot forward guidance that will end if that is the thing it will change so many thing but we will only know after FOMC meeting we will have dot plot or not if they remove dot plot in this FOMC meeting that will be biggest change so last week these two were your wave counting on M30 time frame just before Friday closing now you have wave W counter 10 correction X wave Y sub divided into AVC where wave Y is extended sub wave become AVC again wave A is 5 impulsive wave wave V is your triangle and wave C again same structure like larger degree wave C small degree C AVC pattern where A is 5 and C again 5 and you can check wave counting this is your H4 chart but lower degree M30 in telegram chart if you see trend here investor start dumping gold after NFP number they start dumping before CPI number but core CPI change everything and all the clarity came after core PPI number when we have core PPI number you can see gold start jumping but there is a pattern Y term waited till FOMC meeting to say war ending and all the core inflation came lower than expected and NFP job number came higher than expected that is magical formula to avoid high so I just explained you on higher and lower time frame $4000 big static support level in case price try making new lower low below 4k avoid selling trade with bullish scalp buyers once correction start first one will be 4350 area that is first initial resistance next one will be 4400 but weekly you can see based on closing price 4500 area that is first FOMC of new fat share under political pressure if he pivot because now he have core CPI and PPI to justify trump view trump now saying he love inflation so if he use core CPI PPI as a excuse to justify trump agenda of rate cut then maximum risk we can expect 4500 SV but first initial resistance will be 4350 area in the end even if you watch M30 time frame wave structure once again then you can see clear pattern after NFP they start dumping before CPI they start dumping and after core CPI number gold dump again gold start jumping this can be fourth wave correction triangle and one more finally impulsive wave 5 can spike to upside that's mean correction so you can see almost entire move after CPI and before CPI and this is happening after lower than expected core PPI number that is most important I think it can change the view of new fat share so support are clear on intraday 30 minute time frame for scalper 4100 first support then 4172 second support and big resistance area can be 4350 area so as long as by stating our 4100 on M30 time frame bulls are safe and upside recovery target can be 4350 why because lower than expected core PPI number