XAUUSD: Gold Attempts Rebound After Sell-Off, Key Support and Resistance Levels Identified, June 9, 2026
Over the past three trading days, XAUUSD (gold) experienced notable volatility influenced by strong US employment data lifting Fed rate hike probabilities and escalating geopolitical tensions in the Middle East. Closing at 4327.525 on June 8, 2026, gold hit a two-month low, breaking below its 200-day moving average, signaling short-term bearish pressure. However, signs of a rebound attempt have emerged, reflecting investors’ response to heightened uncertainty. For the average investor, the market grapples with rising interest rates and inflation fears while geopolitical risks continue to create a volatile backdrop. Upcoming US CPI and PPI reports will be crucial in shaping gold’s next directional move.


