XAU Gold Market Analysis 2026.06.03 On June 1, we talked about the importance of 4480. As shown in Figure 2, the daily K-line for 6.1 and 6.2 closed above 4480, but there was no subsequent upward movement. This is a sign that gold has chosen to continue its adjustment. The structural breakdown is shown in Figure 1, the 4-hour K-line chart: 4100-4890 represents the first wave of the uptrend, and the movement from 4890 to the present is a correction of the same level. After identifying the correction endpoint, there will be another wave of upward movement at the same level as 4100-4890. At that point, gold will complete the overall daily-level rebound from 4100 at 5000+. This ongoing adjustment could break below 4366 again, but if no new low is reached by the week of Gann time 6.15, it may transition into a sideways consolidation. As long as the daily K-line body does not fall below the 4265 level, the logic that gold's daily-level rebound is not yet over remains unchanged.