---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000764461.md"
description: "$Gold.com(GOLD.US)🏆[Weekly] Gold Update: Bears Push Price Below $4,100For gold investors, macro pressures are building. Having fallen past key support levels, the metal is now looking for a clear bottom. Here is the concise weekend market overview.🔷 Technical Snapshots🟢 Daily Chart: XAUUSD is in a clear downtrend. Price faces resistance at $4,088.38 and is moving toward its lower Bollinger Band support at $3,957.36. The 14-day RSI stands at 35.76, showing strong bearish momentum with no sign of a turnaround yet.🟢 4-Hour Chart: Shorter-term action hints at a tentative pause. After hitting near $4,000, gold rebounded about 1.53% and now trades just above the 20-period mid-band at $4,040.95. The 4-hour RSI has risen to 36.95. Up from oversold territory but still below the neutral 50 mark.🔷 Fundamentals snapshots🟢 Fed Policy: A divided Fed outlook keeps pressure on prices. New Chair Kevin Warsh has emphasised fighting persistent inflation, opening the door to possible rate increases. Rising bond yields make non-interest-bearing gold less attractive.🟢 Geopolitics: Safe-haven demand faded quickly after progress on a U.S.-Iran framework. With unimpeded shipping through the Strait of Hormuz, the risk premium in gold has largely vanished.🚨Next Week’s Market MoversExpect high volatility in early July:🟢 July 1: US ISM Manufacturing PMI + ADP Employment figures.🟢 July 2: Official June Non-Farm Payrolls (released one day early due to Independence Day). Strong data will reinforce hawkish Fed bets and likely push gold lower.🔷The verdict $4,000 remains the critical level. If the daily lower Bollinger Band gives way amid next week’s data, a sharper drop toward $3,800 becomes possible. Stick to strict risk controls."
datetime: "2026-06-28T11:40:26.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000764461.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000764461.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000764461.md)
author: "[Fattycat](https://longbridge.com/en/profiles/19854884.md)"
generator: "portal-rs"
---

# $Gold.com(GOLD.US)🏆[Weekly] Gold Update: Bears Pus…


### Related Stocks

- [GOLD.US](https://longbridge.com/en/quote/GOLD.US.md)

## Comments (1)

- **Fattycat · 2026-07-01T04:22:20.000Z**: XAU/Usd at 3970 now below opening price. Bearish now 😫. Need to reclaim OP for bullishness.


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**