Jun 12, 2026
XAUUSD weekly: gold drops $165 after testing 4360, 2026-06-08
Gold tumbled 3.8% this week from 4343.90 to 4178.26, with Wednesday's plunge to 4023.82 marking the sharpest intraday selloff in months.
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Gold tumbled 3.8% this week from 4343.90 to 4178.26, with Wednesday's plunge to 4023.82 marking the sharpest intraday selloff in months.
Gold has dropped $132 from Monday's open to $4211, breaking key technical levels with traders now 55% long.
Gold opened the week at 4539.41 and closed at 4436.63, shedding 103 pips as risk appetite improved.
Gold has shed $79 from Monday's open to 4460.75, with RBI gold sales headlines weighing on sentiment midweek.
Gold enters June after a choppy week, with no major events ahead but positioning slightly skewed long.
Gold has dropped $71 from Monday's open to $4495.72, with positioning now slightly favouring longs at 55.3%.