Gold confirmed a fresh lower low on June 11, extending a downtrend from its $5,598 record, and market intelligence expert Clem Chambers warns the metal may keep falling like a spent rocket. Chambers, a member of the BeInCrypto Market Intelligence Experts Council, frames the slide as a textbook parabolic unwind driven by fading geopolitical and sanctions demand, noting silver ran further and faster as retail traders chased the quicker move. The daily chart shows gold lost support at the 0.618 Fibonacci level near $4,376, which now acts as resistance alongside a descending trendline, while the 0.786 Fibonacci level near $4,044 marks the floor bulls must defend. On the 4-hour chart, a breakdown from a descending channel projected a target just below $4,000, nearly reached by the June 11 low, and a V-shaped recovery has carried price back to test the channel's midline and the 0.618 Fibonacci resistance. A clean rejection would favor continuation, while a reclaim of $4,376 would weaken the bearish case.