XAU Gold Market Analysis 2026.06.05 On June 1, we highlighted the importance of the 4480 level. After breaking below 4480, it briefly recovered but lacked momentum to rebound. When it broke below 4480 again, we indicated that gold was likely to continue its correction. Currently, gold is moving as expected. If it breaks below 4365, the possibility of a sideways adjustment is ruled out. The next observation point is at 4258-4268. If the daily and weekly candlestick bodies break below this range and fail to recover, the pullback starting from 4890 could potentially develop into a new downtrend. Above this range, especially if there’s a clear pause in this area, and the 4-hour candlestick closes with a wick and doesn’t break below again, the pullback starting from 4890 could end. After the pullback ends, the next wave of upward movement could match the scale of the 4100-4890 range.