Gold Wave Analysis – 22 June 2026

Gold: ⬆️ Buy

– Gold reversed from support zone

– Likely to rise to resistance level 4400.00

Gold recently reversed from the support zone between the strong support level 4115.00 (former multi-month low from March) and the lower daily Bollinger Band.

The support level 4115.00 is also the upper border of the strong sideways price image inside which the price has been trading from November.

Given the strength of the support level 4115.00, Gold can be expected to rise to the next resistance level 4400.00 (former strong support from May).