Three separate shocks hit gold between January and June 2026. The $5,602 ATH is now $3,982 away. Two shocks are already in the price. The third one — Iran — is unwinding. Here's what that means for the floor, and the trade.
ZTRADER.AI — RAVENROCK FINTECH — MACRO INTELLIGENCE — DORIAN K. XAU/USD · Macro Intelligence · June 26, 2026 · Data Verified Gold Down 29% From Its Peak. Warsh Just Made It Worse — Here's Where the Floor Is Three separate shocks hit gold between January and June 2026. The $5,602 ATH is $1,595 away. Two shocks are already in the price. The third — Iran — is unwinding. Here's what that means for the floor, and the trade. By Dorian | ZTrader.AI | June 26, 2026 | Ravenrock Fintech LLC Chart 1 — XAU/USD Price Path: January – June 26, 2026 (USD/oz) 5,500 5,000 4,500 4,007 3,600 Jan Feb Mar Apr May Jun 200d ~3,990 ATH $5,602 · Jan 29 Op Epic Fury Feb 28 Jobs −3.3% Jun 5 MOU+FOMC Jun 17 $4,007 Jun 26 −28.5% ($1,595) SOURCE: LBMA · TRADING ECONOMICS · APMEX · ZTRADER.AI On January 29, 2026, gold printed $5,602 per ounce — a record that made headlines on every financial network simultaneously. Five months later, the same metal is trading near $4,007 . That is a $1,595 decline. Twenty-nine percent gone. The 200-day moving average, now sitting near $3,990, was breached on the downside in early June and has since become a contested level rather than a floor.
Premium research continues below.
Unlock to read the full report, framework, and trade path.