Gold: Slide below $4,000 tests key supports – Societe Generale

Source Fxstreet

Societe Generale analysts note that Gold has broken below its 200-day moving average and the March trough, triggering an accelerated decline. Prices are drifting toward last October’s $3,930–3,885 support zone, with a potential rebound hinging on holding this area. The March low near $4,100 is flagged as first resistance, with failure there risking a persistent downtrend.

Break of 200‑DMA fuels downside pressure

"Gold gave up the 200-DMA in June and gradually breached the trough of March resulting in an accelerated decline. It is drifting towards the trough of last October around $3,930/3,885, which could be a potential support."

"The down move appears a bit stretched; however, it will be important to observe whether Gold can hold above this zone and attempt a durable rebound. First hurdle could be located at the March low of $4,100."

"An inability to cross this resistance may lead to persistence in downtrend."

"The slump in Gold below $4,000/oz signals capitulation in crowded debasement FX trade."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin Bears Take Control as $1.35 Billion Loss Wave Triggers ETF Outflowsitcoin has slipped into a bear market below $65,000, driven by $4.21 billion in ETF redemptions, worsening spot demand, and a massive surge in long-term holder capitulation.
Author  Mitrade Team
6 Month 04 Day Thu
itcoin has slipped into a bear market below $65,000, driven by $4.21 billion in ETF redemptions, worsening spot demand, and a massive surge in long-term holder capitulation.
placeholder
XRP Price Prediction for July 2026: Can Buyers Finally Break the Downtrend?XRP (XRP) price trades near $1.05, caught between a year-long downtrend and a sudden burst of buying.July has historically rewarded XRP holders. This year the month arrives with on-chain accumulation
Author  Beincrypto
6 Month 30 Day Tue
XRP (XRP) price trades near $1.05, caught between a year-long downtrend and a sudden burst of buying.July has historically rewarded XRP holders. This year the month arrives with on-chain accumulation
placeholder
Gold Price Forecast: Iran Denies Trump Negotiation Plan, Gold Price May Fall to $3,500TradingKey - As of today's (July 1st) Asian morning session, gold ( XAUUSD) prices maintained a weak intraday decline. After stabilizing above $4,000 at yesterday's close, the gold price broke below $
Author  TradingKey
7 Month 01 Day Wed
TradingKey - As of today's (July 1st) Asian morning session, gold ( XAUUSD) prices maintained a weak intraday decline. After stabilizing above $4,000 at yesterday's close, the gold price broke below $
placeholder
What to Expect From Ethereum (ETH) in July 2026Ethereum (ETH) enters July 2026 trading near $1,570, close to multi-month lows, after recording its first run of three consecutive red quarterly candles in its history.On-chain data and price charts n
Author  Beincrypto
7 Month 01 Day Wed
Ethereum (ETH) enters July 2026 trading near $1,570, close to multi-month lows, after recording its first run of three consecutive red quarterly candles in its history.On-chain data and price charts n
placeholder
Intel Price Forecast: Nvidia Picked Xeon 6, Invested $5B, Yet Analysts Still Trail INTCIntel Corporation (NASDAQ: INTC) sits at $140.05, holding firm on the ascending trendline within the 2H timeframe. The RSI indicator is currently reading 55.21, positioning it as neutral-
Author  TradingKey
7 Month 02 Day Thu
Intel Corporation (NASDAQ: INTC) sits at $140.05, holding firm on the ascending trendline within the 2H timeframe. The RSI indicator is currently reading 55.21, positioning it as neutral-
Related Instrument
goTop
quote