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macroJun 25, 2026, 8:52 AM

Gold Slides Below $4,000, Tests Key Support – SocGen

Societe Generale analysts report that gold has broken below its 200-day moving average and the March trough, triggering an accelerated decline toward the $3,930–3,885 support zone. A potential rebound depends on holding this level.

XAUUSD

Societe Generale analysts note that gold has fallen below the $4,000 mark, breaking both its 200-day moving average and the March low. This move has triggered an accelerated decline, with prices now drifting toward the support zone from last October, estimated at $3,930–3,885.

According to the analysis, a potential rebound hinges on gold successfully holding this support area. If the metal fails to find buyers at these levels, further downside could follow.

Source: FXStreet Forex News