XAU/USD AI Live Scan, 1-hour chart, Sunday, 2 August 2026
Every read JAFX AI made on the XAU/USD 1-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
23:03 UTC
Range-bound, no clear direction · RSI 51 · price 4,064.06
Ranging inside weekly band, lower highs from mid-week peak.
Gold spent the back half of the week grinding sideways in the $4,040-$4,055 zone into Friday's close, capped by a string of lower highs off the mid-week $4,120 peak. The new week gapped up to $4,077 before fading back to $4,064, keeping the month-old $4,000-$4,120 range intact as a firmer USD on Fed hawkish-hold and Mideast risk offsets soft GDP/PCE. Price sits back above EMA(20) but under the flatter EMA(50), a balanced read within the band.
Support: 4,028.00, 4,000.00
Resistance: 4,120.00
What it said to watch
ISM Manufacturing PMI Mon 14:00 UTC (Prices Paid f/c 70) could break the range read
H1 close above 4120 range top opens the path toward CTA short-covering
Failure to hold 4028 recent lod exposes the 4000 range floor
23:02 UTC
Range-bound, faded off week high · RSI 50 · price 4,064.06
Choppy inside weekly 4000-4200, weekend gap higher.
Gold whipsawed post-FOMC this week, spiking to 4120 on the soft GDP/PCE prints before fading back to 4044 into Friday's close. The new week gapped higher to 4077 and is now settling near 4064, sitting just above EMA(20) but under EMA(50) as the descending lower-highs from 4120 still cap. Price remains locked in the month-old 4000-4200 band with no clean break yet.
Support: 4,044.00, 4,028.00, 4,000.00
Resistance: 4,108.00, 4,120.22
What it said to watch
ISM Manufacturing PMI Mon 14:00 UTC could materially shift this read
H1 close above 4108 reopens the 4120 week high
Failure to hold 4044 exposes 4028 recent LOD and the 4000 range floor
Lower highs off week high, holding above range floor.
Gold pulled back from the week high near 4120 after Thursday's pop above 4100, unwinding as the USD short-covering bounce firmed. Price now trades below EMA(20) around 4062 with RSI(14) cycling in the low-40s, marking successive lower highs off the peak. The move has held inside the month-old $4,000-$4,200 band, with 4022 the recent LOD and 4000 the range floor as downside pivots.
Support: 4,022.00, 4,000.00
Resistance: 4,062.00, 4,108.00
What it said to watch
ISM Manufacturing PMI Mon 14:00 UTC (Prices Paid f/c 70) could materially shift this read
H1 close back above 4108 reopens the path to the week high near 4120
Failure to hold 4022 exposes the 4000 range floor
21:04 UTC
Downtrend off the week high, momentum flattening · RSI 44 · price 4,044.01
Lower highs since Thursday, basing above 4022.
Gold rolled over from Thursday's $4,120 week high toward $4,040 as the USD short-covering bounce (DXY back above 100) capped the metal into Friday's NY close. Since the dip to 4022 price has consolidated in a tight 4040-4055 band, trading below both EMA20 and EMA50 with RSI holding mid-40s. Lower highs remain intact and the session high at 4055 has capped the latest recovery attempt.
Support: 4,022.00, 4,000.00
Resistance: 4,083.00
What it said to watch
H1 close below 4022 confirms a lower low and opens the 4000 range floor
Reclaim of the 4055 session high would challenge the lower-highs structure toward 4083
ISM Manufacturing PMI Mon 14:00 UTC (f/c 54, Prices Paid 70) could materially shift this read
Lower highs since midweek peak, ranging into Friday close.
Gold reversed off the 4110-4120 week high and has ground lower into Friday, printing lower highs and trading below both EMA(20) and EMA(50). Price is stalling at the 61.8% retracement of the midweek 3996-4120 impulse near 4044, with buyers stepping in twice around the 4040 range floor. The USD short-covering bounce off its six-week low, plus lingering Fed hike bets, has kept metal offered despite soft GDP/PCE.
Support: 4,040.00, 4,021.00, 4,000.00
Resistance: 4,080.00, 4,110.00
What it said to watch
ISM Manufacturing PMI Mon 14:00 UTC (f/c 54, Prices Paid 70) could shift this read
H1 close below 4040 opens the 4021 recent lod and 4000 floor
Reclaim of 4080 needed to negate the lower-high sequence