XAG/USD AI Live Scan, 1-hour chart, Tuesday, 13 October 2026
Every read JAFX AI made on the XAG/USD 1-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
23:04 UTC
Downtrend since Monday's high, RSI near oversold · RSI 29 · price 59.124
Lower highs and lower lows from 61.435; stalling above Tuesday's 58.88 low.
Friday's NY-led rebound peaked at 61.435 in Monday's Asia session. Since then silver has printed a lower high at 60.721 on Tuesday and lost the 60.00 psych level during NY hours, as hawkish Fed pricing and ~5.2% yields weighed, before finding a Tuesday low at 58.88. Price is holding below EMA(20) near 59.64 with RSI(14) around 29, and the 2-month low at 58.494 from Thursday sits beneath that.
Support: 58.88, 58.494
Resistance: 59.64, 60.00, 60.721
What it said to watch
US CPI Wed 12:30 UTC (core f/c 0.2% MoM) could materially shift this read
H1 close above the 60.00 psych level and the descending trendline from 61.435 would break the lower-high sequence
Failure to hold the 58.88 tuesday low puts the 58.494 2-month low back in play
H1 closes back above EMA(20) at 59.64 would mark the first reclaim since Tuesday's NY selloff
Rejection near the 38.2% fib at ~59.86 keeps the lower-high structure intact
Fed's Bowman (09:40 and 14:55 UTC) and the Beige Book (18:00 UTC) add event risk around CPI
Lower highs from Monday's 61.435 peak, lows still above Thursday's 58.49.
Monday's Asia-session push to a 61.435 week high met rejection just above Friday's high. That was followed by a lower high at 60.721 early Tuesday and a NY-session slide through the 60.00 psych level to a Tuesday low of 58.88, as hawkish Fed pricing and ~5.2% 10y yields weighed. Price sits below EMA(20) near 59.76 with RSI(14) around 31, and the 38.2% retracement of the 61.435–58.88 drop sits near 59.86. Thursday's 58.49 week low remains the higher-low reference beneath.
Support: 58.88, 58.49
Resistance: 59.76, 60.00, 60.72
What it said to watch
Hourly closes back above the 59.76 ema20 and the 60.00 psych level would stall the lower-high sequence
Failure to hold the 58.88 Tuesday low exposes the 58.49 week low; a break there extends the downtrend
Recovery above the 60.72 lower high breaks the descending-highs trendline
US CPI Wed 12:30 UTC (core f/c 0.2% m/m) could materially shift this read; Bowman and Beige Book follow
Lower highs and lower lows since Monday's 61.435 high.
Silver has printed lower highs and lower lows since Monday's Asia-session rejection at 61.435 and now trades about 1.68 below the 60.828 weekly open. Tuesday's NY session drove the decisive leg, sliding from 60.38 to the 58.88 tue low as hawkish Fed pricing and near-5.2% yields weighed. That leg took RSI(14) to roughly 24 before a shallow rebound to the low 30s. Price sits below the ema20 near 59.75 and EMA(50), with Thursday's 58.494 2-month low the next reference beneath and the move retraced only a fraction on the Monday-high-to-Tuesday-low fib.
Support: 58.88, 58.494
Resistance: 59.75, 60.00, 60.721
What it said to watch
Hourly close back above the ema20 (~59.75) and the 38.2% fib at 59.86 would challenge the lower-high sequence
Recovery through round number 60.00 and the 50% fib near 60.16 would neutralise Tuesday's NY breakdown
A break above the 60.721 tue high and the lower highs trendline invalidates the downtrend read
Failure to hold the 58.88 tue low exposes the 58.494 2-month low
US CPI Wed 12:30 UTC (core f/c 0.2% m/m) could materially shift this read; Bowman remarks at 09:40 and 14:55 UTC add risk
20:04 UTC
Downtrend, lower highs since Monday's high · RSI 32 · price 59.211
Lower highs from 61.44; NY leg to 58.88 holds above 58.49 2-month low.
Silver has printed lower highs since Monday's Asia-session peak at 61.44. Tuesday's London bounce stalled at a 60.72 lower high, and the NY-session leg then cut through the $60 handle, the ema50 and the ema20 to a 58.88 Tuesday low, as hawkish Fed pricing and 10y yields near 5.2% weighed. RSI(14) bottomed near 22 at the low and has only recovered to ~32, with the late-NY bounce stalling under 59.35 and the 58.49 2-month low from Thursday still the floor beneath the structure.
Support: 58.88, 58.494
Resistance: 59.76, 60.02, 60.721
What it said to watch
Wed 12:30 UTC US CPI: a core beat (≥0.3% m/m) risks a break of the 58.88 Tuesday low and a retest of the 58.49 2-month low; a soft core print could lift price back toward the ema50 near 60.02 and the $60 handle
An H1 close back above the ema20 at 59.76, and the 38.2% retracement of the Monday high–Tuesday low leg at 59.86 just above it, would ease the downtrend read
The lower-high trendline from 61.44 now runs near 60.3; a close above the 60.72 lower high breaks the lower-high sequence
Failure to hold the 58.49 2-month low confirms a fresh lower low on the week
Bowman remarks (09:40 and 14:55 UTC) and the Beige Book (18:00 UTC) on Wednesday could add volatility around the CPI print
Lower highs since Monday's 61.43 peak, Asian range low broken.
Rejection at 61.43 near the $61 cap on Monday has produced lower highs. Tuesday's high at 60.72 stalled below it, and the NY session sold through the 59.55 Asian low to a session low at 58.88, as hawkish Fed talk and elevated Treasury yields weighed. Price now sits below EMA(20) near 59.85, between the 61.8% and 78.6% retracements of the Thursday-to-Monday rally. RSI(14) is near 31, and the late-session bounce has so far stalled under the broken Asian low.
Support: 58.88, 58.494
Resistance: 59.555, 59.85, 60.721
What it said to watch
H1 close back above the 59.55 asian low and ema20 near 59.85 would undercut the range-break read
Failure to hold the 58.88 session low exposes Thursday's 58.49 2-month low
Lower-highs trendline from Monday's peak through the 60.72 tuesday high stays intact while price holds below it
US September CPI Wed 12:30 UTC (core f/c 0.2% m/m) could materially shift this read; Bowman and the Beige Book follow
18:03 UTC
Downtrend, extended into oversold · RSI 24 · price 59.011
Lower highs from Monday's 61.435 peak; NY session broke the Asian low.
The week opened at 60.83 after Friday's rebound. Price printed its high at 61.435 early Monday and has faded since, with Tuesday's Asian dip to 59.555 bought only as far as a 60.721 lower high. The NY session then drove a five-bar slide back through the 60.00 round number and the Asian low to a 58.88 session low, as hawkish Fed pricing and 10y yields near 5.2% weighed. Price sits well below both EMAs with RSI(14) near 24, and Thursday's two-month low at 58.494 is the next reference beneath.
Support: 58.88, 58.494
Resistance: 59.555, 60.00, 60.721
What it said to watch
H1 close below the 58.88 session low exposes the 58.494 thursday low; a break there confirms a fresh lower low on the week
Recovery back above the 59.555 asian low and the 60.00 round number would neutralise the NY breakdown
Lower highs trendline from 61.435 caps near 60.4; the 60.721 lower high remains the structural pivot
US September CPI Wed 12:30 UTC: core vs 0.2% MoM could materially shift this read, with Bowman and the Beige Book also due Wed
Lower highs and lower lows since Monday's week high.
Since Monday's 61.435 week high, H1 has printed lower highs, including 60.721 early Tuesday, and lower lows. Today's NY session cut through the 59.555 Asia low and the 60.00 handle to 59.10, leaving price well below EMA(20) at 59.96. RSI(14) near 22 is oversold, and price is sitting on the 78.6% rebound fib of the 58.494–61.435 rally, with 59.00 psych and the 2-month low beneath. The slide comes with sticky Fed-hike pricing and oil-driven inflation risk hanging over silver into Wednesday's CPI.
Support: 59.00, 58.494
Resistance: 59.555, 59.96, 60.721
What it said to watch
Hourly close back above the 59.555 asia low would neutralise today's NY-session breakdown
Reclaim of ema20 near 59.96 needed before the lower high trendline from 61.435 comes into play
Failure to hold 59.00 psych and the rebound fib exposes the 58.494 2-month low
US CPI Wed 14 Oct 12:30 UTC (core f/c 0.2% m/m) could materially shift this read
Lower highs and lower lows from 61.435; Tuesday range broken lower in NY.
Since Monday's 61.435 spike just after the 60.828 weekly open, H1 has printed lower highs at 60.721 and 60.681, with price holding below the lower-high trendline. Selling into the first hours of NY on Tuesday cut through the $60 round number and the 59.555 Asia low to a 59.211 session low. Hawkish Fed pricing and a firm USD ahead of CPI kept the Asia dip-buying from extending, and RSI(14) has slipped to about 29 with EMA(20) now overhead near 60.06.
Support: 59.211, 59.00, 58.494
Resistance: 59.555, 60.06, 60.828
What it said to watch
Hourly close back above the 59.555 Asia low would mark a false break of the new lower-low
Failure to hold the 59.211 session low exposes the 59.00 round number and Thursday's 58.494 2-month low
A rebound into the 60.06 EMA(20) and 38.2% fib confluence tests the lower-high trendline; a close above the 60.828 weekly open breaks the sequence
US CPI Wed 12:30 UTC (core f/c 0.2% m/m) could materially shift this read
RSI(14) holding near oversold while price makes a lower-low would set up a bullish divergence
Lower highs (61.44, 60.72) and lower lows, Tuesday's Asian low now broken.
Silver peaked at 61.44 in Monday's Asia session and has printed lower highs since, with Tuesday's rebound capped at the 60.72 lower high. The NY session cut through Tuesday's 59.555 Asia low to a 59.42 session low and pushed below the 61.8% retracement of the Thursday–Monday rally near 59.62. Price sits below the ema20 near 60.16 and RSI(14) is near 36, as hawkish Fed pricing and a firm USD weigh ahead of Wednesday's CPI.
Support: 59.418, 58.494
Resistance: 59.555, 60.16, 60.721
What it said to watch
An H1 close back above the 59.555 asia low would mark today's break as a false break
Failure to hold the 59.42 session low exposes Thursday's 58.49 2-month low near the 78.6% retracement
Reclaiming the ema20 near 60.16 and then the 60.72 lower high would negate the lower-highs sequence
US CPI Wed 14 Oct 12:30 UTC (core f/c 0.2% m/m) could materially shift this read
14:04 UTC
Downtrend since Monday's 61.435 high · RSI 40 · price 59.712
Lower highs from 61.435; price at 61.8% fib, just above the Asia low.
Silver has printed a sequence of lower highs since Monday's Asia-session peak at 61.435. Tuesday's rebound stalled at a 60.721 lower high, and the first hour of NY broke back through the 60.00 psych level. Price now sits at the 61.8% retracement of the Thursday-to-Monday advance, just above the 59.555 Asia low and below EMA(20) near 60.26, with RSI(14) near 40. The fade erased the Asia dip-buying rebound as the hawkish-Fed and oil-driven inflation backdrop stays in place ahead of Wednesday's CPI.
Support: 59.555, 58.494
Resistance: 60.00, 60.26, 60.721
What it said to watch
H1 close below the 59.555 Asia low confirms a lower-low and opens the path to the 58.494 week low
Recovery back above 60.00 psych and EMA(20) near 60.26 would neutralise the NY-open breakdown
Break of the lower highs line and the 60.721 lower high invalidates the downtrend read
US CPI Wed 12:30 UTC: core MoM vs the 0.2% forecast could materially shift this read
13:04 UTC
Pullback from week high, lower highs since Monday · RSI 43 · price 60.025
Lower highs and lower lows inside the 58.49–61.44 weekly range.
Silver has slipped from Monday's 61.435 week high and trades below the 60.828 weekly open and under the H1 ema20 and EMA(50). Firm yields, a strong USD and hawkish Fed rhetoric into Wednesday's CPI have kept rallies short, leaving a lower high at 60.721. Dip demand held Tuesday's Asia low at 59.555, but the bounce faded through the London session, and price is now retesting the 60.00 psych level near the 50% retracement of the Thursday-to-Monday rally, with RSI(14) at about 43, mid-range.
Support: 60.00, 59.555, 58.494
Resistance: 60.31, 60.721, 61.435
What it said to watch
H1 close below the 59.555 asia low confirms a lower low and exposes the 61.8% retrace near 59.62, then the 58.494 week low
Recovery above the 60.721 lower high breaks the sequence of lower highs and brings the 61.435 week high back into view
Holding the 60.00 psych level with closes back above ema20 near 60.31 points to a range hold rather than an extension lower
US CPI Wed 12:30 UTC (core 0.2% m/m f/c) could materially shift this read; Bowman at 09:40 UTC lands ahead of it
Thursday's 58.49 2-month low after the hawkish FOMC Minutes gave way to a Friday rally that topped at the 61.44 week high in Monday's Asia session. Since then H1 has printed lower highs (61.44, then the 60.72 tuesday high). Tuesday's Asia dip to 59.56 held near the 61.8% fib of that rally as the USD eased off its highs, but London faded the rebound. Price now sits flat at the EMA(20)/EMA(50) convergence near 60.40, below the 60.83 weekly open, with RSI(14) at 52 ahead of Wednesday's CPI.
Support: 60.123, 58.494
Resistance: 60.721, 60.828, 61.435
What it said to watch
H1 close above the 60.72 tuesday high and the 60.83 weekly open breaks the lower-highs line and puts the 61.44 week high back in play
Loss of the 60.12 monday low exposes the 59.56 tuesday low and the higher-lows line
A break below the 59.56 tuesday low voids the 61.8% fib hold and reopens the 58.49 2-month low
US CPI Wed 12:30 UTC (core f/c 0.2% m/m) could materially shift this read; Fed's Bowman speaks before and after the release
Lower highs from 61.435; 60.00 lost and reclaimed in Tuesday's Asia session.
Silver has printed lower highs since Monday's Asia-session week high at 61.435. It faded through London and NY to the 60.123 Monday low, then Tuesday's Asian low at 59.555 briefly took out 60.00 psych before price reclaimed it. The rebound stalled at 60.721, a lower high at the 61.8% retrace of the Mon-Tue decline, and London has faded it back below EMA(20) near 60.41 with RSI(14) slipping under 50. Hawkish Fed pricing and yields near two-decade highs have capped each bounce this week ahead of Wednesday's CPI.
Support: 60.123, 60.00, 59.555
Resistance: 60.41, 60.721, 61.435
What it said to watch
Hourly close above the 60.721 lower high breaks the lower-high sequence and puts the 61.435 week high back in view
Failure to hold the 60.123 Monday low and 60.00 psych opens a retest of the 59.555 Asian low; a break there confirms a lower-low
Inability to reclaim EMA(20) near 60.41 keeps the lower-highs trendline intact
ADP 4-week average at 12:15 UTC today, then US CPI Wed 12:30 UTC; a core print at or above 0.3% vs the 0.2% forecast could materially shift this read
10:05 UTC
Range-bound, lower high after Monday rejection · RSI 54 · price 60.424
59.55–61.43 range since weekly open; lower high at 60.72, higher low at 59.55.
Silver has rotated inside a 59.55–61.43 range since the weekly open at 60.83. An Asia-session spike to the 61.43 week high was rejected Monday, and London/NY hours ground lower to the 60.12 Monday low as oil-driven inflation fears and hawkish Fed talk weighed. Tuesday's Asia dip swept the 60.00 psych level to a 59.55 week low, near the 61.8% retracement of last week's 58.49–61.43 advance and on the higher lows line. Demand stepped in there as the USD eased, but the 60.72 Tuesday high has capped since, leaving price just above EMA(20), below EMA(50) and RSI(14) in the mid-50s in a tightening range into US CPI.
Support: 60.12, 60.00, 59.555
Resistance: 60.721, 60.828, 61.435
What it said to watch
An H1 close above the 60.72 tue high and 60.83 weekly open would break the lower-high sequence
Failure to hold the 60.12 monday low and 60.00 psych exposes the 59.55 week low and the higher lows line
A renewed rejection near the 61.43 week high keeps the range read intact
US CPI Wed 12:30 UTC: a core print at 0.3% or above (f/c 0.2%) could materially shift this read
Lower high under 61.44 week high; dip held near 61.8% fib; capped below 60.72.
Silver has carved lower highs since Monday's 61.435 week high, which printed in Asia, then faded back below the 60.828 weekly open through Monday's London and NY sessions. Tuesday's Asia slide to the 59.555 asia low held just under the 61.8% retracement of the Thursday–Monday rally and was bought back above the 60.00 round number as the USD eased off its 18-month high. The London session has stalled under the 60.721 session high, with price pinned to flat EMA(20)/EMA(50) near 60.40 and RSI(14) around 52.
Support: 60.123, 60.00, 59.555
Resistance: 60.721, 60.828, 61.435
What it said to watch
Hourly close above the 60.828 weekly open clears the lower-highs line and puts the 61.435 week high back in view
Close back below the 60.123 monday low and the 60.00 round number reopens the 59.555 asia low
Break of the 59.555 asia low ends the 61.8% hold on the Thursday–Monday rally and exposes the Thursday 58.49 base
US September CPI Wed 12:30 UTC (core 0.2% MoM f/c) could materially shift this read; ADP today 12:15 UTC is second-tier
08:05 UTC
Range-bound, recovering from Asia dip · RSI 51 · price 60.563
Lower highs from Monday's 61.44 week high; higher low at 59.56 vs Thursday's 58.49.
After Thursday's 58.49 low on the hawkish FOMC minutes, silver rallied through Friday's NY open into a 61.44 week high in Monday's Asia session. Since then it has printed lower highs and slid below the 60.83 weekly open. Tuesday's Asia dip broke the 60.12 monday low and stalled at 59.56, just under the 61.8% retracement of the Thursday–Monday rally, and it was bought back as the USD eased. Price now sits at 60.56, just above an ema20 near 60.43 that has flattened over EMA50, with RSI(14) neutral around 51 and the 60.72 session high capping the rebound.
Support: 60.43, 60.123
Resistance: 60.721, 60.828, 61.435
What it said to watch
H1 close above the 60.72 session high and the lower-highs line would challenge the decline from the 61.44 week high; the weekly open at 60.83 is the next reference
Loss of the ema20 near 60.43 and a return below the 60.12 monday low would put the 59.56 asia low and 61.8% fib back in focus
Break of the 59.56 asia low turns the Asia-session move from a false break into a lower-low sequence
ADP today 12:15 UTC and US CPI Wed 12:30 UTC (core f/c 0.2% m/m) could materially shift this read
07:05 UTC
Rebound off Thursday low, now stalling in a lower-high sequence · RSI 55 · price 60.555
Lower highs from 61.435 week high, $60 reclaimed after Tuesday Asia dip.
Monday's Asia push to the 61.435 week high faded through London and NY as the ceasefire relief unwound on the Riyadh attacks and Hammack's hawkish remarks, and Tuesday's Asia session extended the slide to 59.555, near the 61.8% retrace of the Thu–Mon rebound. Price then reclaimed the $60 psych into the London open and sits just above a flat ema cluster near 60.40, where EMA20 and EMA50 have converged, with RSI(14) at 55. The tue high at 60.72 and the weekly open at 60.83 are capping price along the lower-high trendline.
Support: 60.40, 59.555
Resistance: 60.721, 60.828, 61.435
What it said to watch
H1 close back below the $60 psych and the tue low at 59.555 would turn the Asia dip into a confirmed lower-low
Acceptance above the weekly open at 60.83 breaks the lower-high trendline and reopens the 61.435 week high
Loss of the ema cluster near 60.40 returns price to Monday's NY range
Waller at 07:45 UTC today and US CPI Wed 12:30 UTC could materially shift this read; core m/m is the swing print
06:05 UTC
Recovering within a range, momentum neutral · RSI 52 · price 60.605
Higher low at 59.56 above Thursday's 58.49 week low; range 59.56–61.44 since Friday.
Silver opened the week at 60.83 and set the monday high at 61.44 in Asia. It then bled lower through London and NY to the monday low at 60.12 as renewed Middle East and oil-yield pressure faded the ceasefire relief. Tuesday's Asian session broke below the 60.00 psych to an asia low of 59.56, near the 61.8% retracement of the Thursday-to-Monday rally and above the 58.49 week low, before reclaiming the figure. Price now sits at 60.61, above EMA(20) near 60.42 and EMA(50) near 60.33, with RSI(14) back at 52 and the session high at 60.72 capping for now.
Support: 60.12, 59.56, 58.49
Resistance: 60.72, 60.83, 61.44
What it said to watch
H1 close above the 60.72 session high and the 60.83 weekly open reopens the 61.44 monday high
H1 close back below 60.00 and the 59.56 asia low breaks the higher-low support and exposes the 58.49 week low
Fed's Waller at 07:45 UTC today could shift USD and yields ahead of CPI
US CPI Wed 12:30 UTC: a core print at or above 0.3% vs 0.2% forecast could materially shift this read
Higher low off 58.494, Monday high 61.435 faded, sub-60.00 dip reclaimed.
Thursday's slide to 58.494 came after the hawkish FOMC minutes. It turned into a Friday NY-open rebound and a Monday Asia-session week high at 61.435, before revived oil and yield pressure faded price back to 60.12 into NY hours. Today's Asian-session dip to the 59.555 Asia low cut through the 60.00 psych level and the 61.8% retracement of the rebound fib, then was quickly reclaimed. That puts price back above the ema20 near 60.39 with RSI(14) near 55, and Monday's 60.74 lower high is the first cap below the Friday high at 61.173.
Support: 60.39, 60.00, 59.555
Resistance: 60.74, 61.173, 61.435
What it said to watch
H1 close back below 60.00 psych and the 59.555 Asia low would void the reclaim and expose the higher lows trendline from Thursday
Close above the 60.74 lower high reopens the 61.173 Friday high and 61.435 week high
Failure to hold the ema20 near 60.39 returns price to Monday's 60.12–60.40 range floor
Fed's Waller 07:45 UTC today and US CPI Wed 12:30 UTC; the core print could materially shift this read
Lower highs from 61.435 week high; Tuesday higher low at 59.555 holds above Thursday's 58.5 base.
Silver printed the week high at 61.435 in Monday's Asia session. It then faded on lower highs through London and NY as oil, ~5.3% yields and a firm USD reasserted. Tuesday's Asian range briefly lost the $60 psych to 59.555 (tue low), just beyond the 61.8% retracement of the 58.49–61.44 advance. The rebound has reclaimed EMA(20) near 60.37, broken the lower-highs line from Monday's peak and left the higher-lows sequence from Thursday intact, with RSI(14) recovering to around 52.
Support: 60.37, 60.00, 59.555
Resistance: 60.828, 61.173, 61.435
What it said to watch
An H1 close back below the 60.00 psych undercuts the false-break read; losing the 59.555 tue low breaks the higher-lows line
The weekly open at 60.83 is the first cap; acceptance above it brings the 61.17 fri high and 61.44 week high into view
A slip back under EMA(20) at 60.37 would return price to the lower-highs pattern from Monday
Fed's Waller at 07:45 UTC today and US CPI Wed 12:30 UTC (core f/c 0.2% m/m) could materially shift this read
Descending highs off 61.435 inside a 58.49–61.47 weekly range; Asia sweep below 60.00 reclaimed.
Silver has set lower highs since Monday's Asia peak at 61.435 (week high). The grind lower ran through both the London and NY sessions as oil-driven inflation fears and a firm USD returned. Tuesday's Asia session pushed through the 60.00 psych handle to a 59.555 swing low, just under the 61.8% level of the 58.49–61.44 rebound retracement, before snapping back to 60.22. Price now sits just below the ema20 and EMA(50), which have converged near 60.32–60.33, with RSI(14) back at 45 from roughly 32 and the lower-high line from the week high under test.
Support: 60.00, 59.555, 59.219
Resistance: 60.32, 60.828, 61.435
What it said to watch
An H1 close back above the ema20/EMA(50) cluster near 60.32 and the lower-high line would neutralise the Monday sequence of lower highs; a close above the 60.828 weekly open invalidates it
Failure to hold 60.00 psych, then an H1 close below the 59.555 swing low, confirms a lower low and exposes the 59.219 friday low
Fed's Waller at 07:45 UTC today and Bowman Wednesday could shift the yields/USD backdrop before CPI
US CPI Wed 12:30 UTC (core f/c 0.2% m/m) could materially shift this read; a core beat or miss is the swing factor for the 59–61 range
Lower highs from Monday's 61.435 peak, price holding near the 50% retrace.
Monday's Asia push to a 61.435 week high was rejected, then faded through London and NY in a steady run of lower highs. That took price back below the 60.828 weekly open and under EMA(20) and EMA(50), which have converged near 60.32, as the Riyadh airport attacks revived oil and yield pressure on a firm USD. Tuesday's Asia session drove through the 60.000 psych level to a 59.555 asian low, just under the 61.8% retracement of the Thursday-to-Monday rally, before price was pulled back to 60.000 with RSI(14) in the mid-30s, soft but not oversold.
Support: 60.00, 59.555, 58.494
Resistance: 60.32, 60.828, 61.435
What it said to watch
An H1 close above the lower-highs line and the ema20 near 60.32 would break Monday's sequence of lower highs
An H1 close below the 59.555 asian low clears the 61.8% retrace of the Thursday-to-Monday rally and reopens the 58.494 prior wk low
Repeated H1 closes back below the 60.000 psych level would confirm Tuesday's break rather than a reclaim
Fed's Waller at 07:45 UTC today and Wednesday's US CPI (core f/c 0.2% m/m) could materially shift this read
Lower highs since Monday's 61.44 high; Monday low and $60 broken in Asia.
Thursday's 58.49/58.53 double bottom (week low) cleared its 59.40 neckline in Friday's NY-session short-covering rally, which extended to the 61.44 Monday high in Asia before oil and Riyadh-attack headlines revived inflation risk and capped it. Monday then printed a sequence of lower highs through London and NY, and early Tuesday Asia trade has broken Monday's 60.12 low and the $60 psych level. Price now sits at the 50% retracement of the rally, below the converged ema20/50 near 60.35, with RSI(14) at 33.
Support: 59.62, 59.40, 58.49
Resistance: 60.35, 61.44
What it said to watch
Hourly close back above the $60 psych and the ema20/50 near 60.35 would negate the break of Monday's low
Failure to hold the 61.8% fib at 59.62 exposes the 59.40 neckline, then the 58.49 week low
A break of the lower-highs line and the 61.44 Monday high would reopen the $62 rejection area
Fed's Waller (Tue 07:45 UTC) and US CPI (Wed 12:30 UTC) could materially shift this read via yields
Lower highs since Monday's peak, flat 60.12–60.37 base.
Friday's rebound from Thursday's 58.49 London-session low reached 61.435 in Monday's Asia session, briefly clearing the Friday high. It then faded through London and NY as the Riyadh attacks lifted oil and the USD firmed. The pullback has carried price to the 38.2% retracement near 60.31 and below the ema cluster at 60.40, where EMA(20) and EMA(50) have converged, while the descent has flattened since NY into a 60.12–60.37 band just above the Monday low, with RSI(14) at 43 and no oversold reading.
Support: 60.123, 60.00, 59.617
Resistance: 60.404, 60.828, 61.173
What it said to watch
H1 close below the 60.12 Monday low and the 60.00 psych pivot opens the 50% fib near 59.97, then the fib 61.8% at 59.62
A close back above the ema cluster at 60.40 and the Monday lower-highs line would neutralise the pullback read, with the weekly open at 60.83 next
Rejection below the Friday high at 61.17 on any recovery keeps Monday's push above it a false break
Fed's Waller Tue 07:45 UTC and US CPI Wed 12:30 UTC could materially shift this read