Gold remains in red for the third straight day, on track for the third consecutive weekly loss, under renewed pressure from Fed’s hawkish steer. Recovery leg from $4000 support zone (metal hit new 2026 low at $4023 on June 11), repeatedly failed to register close above important Fibo resistance at $4354 (38.2% of $4889/$4023 descend) that resulted in formation of bull-trap. Post-Fed acceleration lower confirmed an end of corrective phase and shifted near-term focus lower (fresh weakness has so far retraced over 61.8% of $4023/$4382 recovery leg), as the price is about to register second weekly close below the support ... (full story)