21:01 UTC
Downtrend, lower highs since peak · RSI 41 · price 4,481.80
Rolling over from 4773 high, lower-high sequence into mid-4400s base.
Gold has shifted from the late-month run to 4773 into a clear lower-high sequence, with the latest bounce capped at 4595 before rolling back toward the 4447-4401 base. Price trades below both EMA20 and EMA50 on H4 and RSI sits in the low-40s, consistent with the Middle East ceasefire headlines pulling safe-haven bid out of the metal. The 4447-4401 zone is the pivotal shelf — it has now been defended twice and defines whether this is a deeper distribution or a base.
Support: 4,447.00, 4,401.00, 4,366.00
Resistance: 4,595.00
What it said to watch
- H4 close below 4401 range low opens the path to 4366 month low
- Reclaim of 4595 swing high would break the lower-high sequence
- Renewed Middle East escalation headlines could materially shift this read