**GC Notes from Recent High Frame Price Action 6/3-6/4**Gold Futures (Aug 2026)COMEX:GCQ2026EthicalxTrader**GC Notes from Recent High Frame Price Action 6/3-6/4** * Gold remains in a well-defined downtrend, continuing to print lower highs and lower lows over the past several weeks. * The recent bounce attempt failed beneath **4,522.7** and **4,532.2**, allowing sellers to quickly regain control. * Price is now trading near **4,462.7**, which is acting as a short-term pivot between support and resistance. * The recent low at **4,395.6** remains the most important downside level currently on the chart. * Overall structure continues to favor the bears until key resistance levels are reclaimed. **Levels I’ve been tracking** * **4,603.2**: Major resistance * **4,563.9**: Major resistance * **4,532.2**: Key resistance * **4,522.7**: Immediate resistance * **4,488.2**: Near-term resistance * **4,454.0**: First support * **4,448.2**: Key support * **4,423.3**: Near-term support * **4,395.6**: Major support / recent low * **4,340.2**: Larger downside support **Volume and behavior notes** * Volume expanded significantly during the recent selloff phase, confirming aggressive selling pressure. * Every rally over the last several sessions has resulted in lower highs, keeping the bearish structure intact. * Price remains below multiple resistance zones and has yet to form a meaningful reversal pattern. * Current behavior resembles: * Bearish trend continuation * Lower-high rejection rallies * Selling pressure into resistance * Holding below **4,488 → 4,532** keeps the broader bearish structure intact. * A loss of **4,448** likely opens the door toward: * **4,423** * **4,395** * **4,340** **Overall read from my notes** GC continues trading within a larger bearish structure with sellers maintaining control of momentum. The key overnight battle is centered around **4,448 → 4,488**. Holding below resistance keeps pressure on the recent low at **4,395.6**, while a successful reclaim of **4,488** could trigger a larger relief rally toward **4,523 → 4,564**. For now, the trend remains bearish until buyers can reclaim and hold above the upper resistance stack.