The Downside risk for gold prices is clearly open right now, and the technicals/charts are flashing negative
Current Gold Price (as of June 10, 2026)
Spot XAU/USD: Around $4,130/oz (down sharply ~$132 or 3% today alone)
This puts gold ~12–20% below its January 2026 all-time high (~$5,500–$5,600/oz) and firmly in bear market territory (20%+ drop from peak).
Why the Charts & Technicals Look Negative..Recent price action confirms a clear breakdown:
Gold has broken below the 200-day moving average (first time since Oct 2023) — a major bearish
Strong Sell across moving averages (0 Buy / 12 Sell signals on daily charts).
Price has sliced through key supports like $4,500 and is now testing lower levels.
Indicators show bearish momentum: negative divergence, MACD deep in negative territory, RSI oversold but still pointing lower in the near term.
Key support levels to watch now (if these break, downside accelerates):$4,100 – $4,075 (March swing low / 52-week MA area)
$4,000 (psychological + longer-term trendline)
Deeper targets in strong bear case: $3,800
Near-term resistance (for any bounce): $4,200
What’s Driving the Downside Risk?
Stronger-than-expected US jobs data → higher Treasury yields + stronger USD.
Markets now pricing Fed rate hikes (not cuts) due to sticky inflation → classic headwind for gold.
Profit-taking after the massive 2025 rally and seasonal weakness seen a head.
#gold #bullion #mcx
Chart looking weak on Brent oil at current levels.
Brent settled around $91.120/bbl (down ~1.7% last trading day, -17.5% for the whole month — biggest monthly drop in years). It's the lowest in ~6 weeks after unwinding a lot of the war premium.
Longer-term MovingAverages sitting above price, classic bearish structure.
Key oscillator reads:
RSI(14): 46.8 → Neutral (not deeply oversold yet, but off the highs).
MACD(12,26): -0.44 → Sell (bearish momentum).
STOCHRSI: 81.8 → Overbought (short-term bounce risk).
Price has broken the rising trend channel
Fundamentals (also leaning weak)
One can also short in MCX the price of CRUDEOIL JUN FUT at current levels of 8311 on 31st May 2026 OR make a bear call spread strategy to hedge their position in this asset class
All information is education purpose. No buy/sell recommendations
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Brent crude oil expected to fall in tomorrow's session May 25 from current levels of $103 to atleast 5% if the deal between US -Iran is finalished
https://t.co/6YJQSgEvF0
#crude#brent#crudeoilprice
Absolute mayhem in Weekend Nifty 50 Index.
A brutal 49% crash from 23700+ 12000.
Either the market knows something very big or this is one of the wildest panics ever seen.