3896–3971 range since Sunday open, double rejection at 3970, lower highs since Tuesday spike.
After Friday's liquidation slide to the 3870 yearly low, gold has held a 3896–3971 range since the week opened at 3892.7. The NY-session rallies on Monday and Tuesday both stalled at 3970–3971, the 61.8% retracement of Friday's slide. Tuesday's spike to the week high faded as the JOLTS beat lifted December hike odds. Price now sits on EMA(20) near 3929, just under the ema50 near 3935, with lower highs since the spike, RSI(14) near 48 and support from the NY low at 3917.5.
Support: 3,917.50, 3,896.30, 3,870.26
Resistance: 3,935.00, 3,950.00, 3,971.00
What it said to watch
H1 close above 3950 prior shelf (50% of Friday's slide) undercuts the capped-range read
Break of the 3971 week high voids the double rejection at the 61.8% level
Failure to hold the 3917.5 NY low exposes the tuesday low at 3896, with the 3870 yearly low below
Midterm results overnight, then ADP 13:15 UTC and ISM Services 15:00 UTC Wednesday, could materially shift this read
22:08 UTC
Downtrend, basing in a range · RSI 52 · price 3,930.15
3896–3971 range under Friday's breakdown; higher lows, capped highs.
Friday's NY-session slide broke the 3954 broken support and ran to the 3870 yearly low. Since then gold has held a 3896–3971 range, and both NY-session spikes to the range top (Monday, Tuesday) were rejected just under the 50% retrace of the decline. Tuesday's fade from 3971 picked up after the JOLTS beat lifted December hike odds, leaving price near the 3917 session low, a touch above EMA(20) at ~3928 and below the EMA50 at ~3936, with RSI(14) flat near 52; higher lows from 3870 to the 3896 range floor are still intact.
Support: 3,896.30, 3,870.26
Resistance: 3,936.00, 3,954.00, 3,971.00
What it said to watch
H1 close above the 3971 range top clears the double rejection and the 50% retrace of the decline
Hourly acceptance back above the ema50 near 3936 and the 3954 broken support would undercut the post-breakdown read
Loss of the 3896 range floor breaks the higher-low trendline and exposes the 3870 yearly low
Failure to hold the 3917 session low keeps price rotating toward the bottom of the range
Midterm results overnight, then ADP 13:15 UTC and ISM Services 15:00 UTC Wednesday, could materially shift this read
21:05 UTC
Range after Friday's slide, momentum fading · RSI 48 · price 3,920.17
3891–3971 weekly range; lower highs since Tuesday's NY false break.
Gold has held a 3891–3971 range since Monday's open, with Friday's liquidation-driven low at 3870 marking the yearly low beneath. Tuesday's NY spike edged just past Monday's 3970 high to set the week high at 3971.0, then reversed as the JOLTS beat lifted yields and December hike odds. That false break has left lower highs, with price back under EMA(20) near 3927 and EMA(50) near 3938, while RSI(14) sits mid-cycle at 48 and the NY low at 3917.6 is the first shelf under test.
Support: 3,917.60, 3,891.20, 3,870.30
Resistance: 3,927.20, 3,938.40, 3,971.00
What it said to watch
H1 close back above the ema20 and ema50 (3927–3938) would undercut the lower-high sequence
Failure to hold the 3917.6 NY low exposes the 3891 week low and range floor
A break of the week low reopens Friday's 3870 yearly low
H1 close above the 3971 week high invalidates the false-break read
US midterm results overnight, then ADP 13:15 UTC and ISM Services 15:00 UTC Wednesday, could materially shift this read
3891–3971 weekly range; week high capped twice, higher lows off 3870.
Gold has rotated inside a 3891–3971 range since the 3892.71 weekly open. NY-session rallies on Monday and Tuesday both stalled at the week high near 3970–3971, and Tuesday's spike faded after the JOLTS beat lifted yields. Price has given back more than 61.8% of the Tuesday rally and sits below the ema20 (3928) and ema50 (3939) with RSI(14) near 46, while lows are still stepping higher off Friday's 3870.26 yearly low, leaving the tuesday low at 3895.50 as the nearest floor.
Support: 3,895.50, 3,870.26
Resistance: 3,927.90, 3,938.80, 3,971.00
What it said to watch
Hourly close below the tuesday low at 3895.50 breaks the higher lows sequence and exposes the 3870.26 yearly low
Recovery above the ema50 near 3939 returns price to the upper half of the range; the week high at 3971 has rejected two attempts
Midterm results overnight, then ADP (Wed 13:15 UTC) and ISM Services (Wed 15:00 UTC), could materially shift this read
19:04 UTC
Downtrend paused, ranging off year low · RSI 51 · price 3,928.16
Higher lows from 3870, double top cap at 3970.
Gold has carved a 3870–3971 range since Friday's sell-off into the year low, with Monday's NY-session rally on softer oil and lower yields stalling just under the 50% retracement of the sell-off. Tuesday's London dip held at 3895.5, a higher low, before the NY spike to 3971 printed a double top with Monday's high and was rejected as the JOLTS beat firmed hike pricing. Price now sits flat on EMA(20) near 3929, just under EMA(50), with RSI(14) neutral around 51 and the fib 38.2 at 3951 the first overhead marker.
Support: 3,895.50, 3,870.26
Resistance: 3,951.40, 3,971.00
What it said to watch
H1 close above the 3971 double top breaks the range and opens the 50% retracement near 3976
Failure to hold the 3895.5 tuesday low breaks the higher-lows line and puts the 3870 year low back in play
Midterm results overnight and Wed ADP (13:15 UTC) / ISM Services (15:00 UTC) could materially shift this read
Repeated rejection at the fib 38.2 near 3951 keeps the move contained in the lower half of the range
3891–3971 range: double top at 3970–3971, higher low at 3895.5.
Friday's liquidation into the 3870 one-year low gave way to a 3891–3971 range. Monday's NY rally on lower oil and yields and Tuesday's first-hour-of-NY spike were both rejected at 3970–3971, leaving a double top, while Tuesday's London session slide held at 3895.5 for a higher low above Friday's low. The post-JOLTS fade has price at 3932, the 50% of Tuesday's 3895–3971 swing, with EMA(20) flat near 3930, EMA(50) just overhead at ~3941 and RSI(14) at ~52, a picture of rotation rather than trend.
Support: 3,923.10, 3,895.50, 3,870.26
Resistance: 3,941.00, 3,971.01
What it said to watch
H1 close below the 3923 JOLTS low exposes the 3895.5 Tuesday low, the double top neckline
Break of 3895.5 and the higher-lows trendline confirms the double top and puts the 3870 one-year low back in play
Sustained trade above the ema50 near 3941 reopens the 3970–3971 double top highs
US midterm results overnight, then Wed ADP (13:15 UTC) and ISM Services (15:00 UTC), could materially shift this read
Gold has rebuilt from Friday's 3870 1y low into a 3895–3971 range. NY-session spikes on Monday and Tuesday both stalled at equal highs near 3970, while Tuesday's Asia/London selling found demand at the 3895 Tuesday low. The second test was rejected and faded below EMA(20) at ~3929 and the EMA(50) near 3940 as the JOLTS beat reinforced Fed-hike pricing, leaving RSI(14) neutral near 49 and price resting on the 3923 NY low, with the higher lows line from Friday sitting just under 3900.
Support: 3,923.10, 3,870.26
Resistance: 3,940.00, 3,970.50, 4,000.00
What it said to watch
H1 close below the 3923 NY low opens a retest of the 3895 Tuesday low and the higher lows line
Failure to hold 3895 exposes the 3870 1y low and confirms the range has failed
H1 acceptance above the 3970 equal highs invalidates the range read, with the 4000 round number next
Reclaiming the EMA(50) near 3940 would put the equal highs back in focus
Midterm results overnight, then ADP and ISM Services on Wednesday, could materially shift this read
16:05 UTC
Range after Friday's sell-off, momentum flat · RSI 52 · price 3,936.22
3891–3971 weekly range; failed push through the week high.
Gold has held a 3891–3971 range since Monday's open, above Friday's 3870 1y low. London sold it down to the 3895.50 Tuesday low, then an NY-open surge printed a marginal new week high at 3971.01 that quickly failed. The hot JOLTS beat pulled price back to the 3923 NY low, near the 50% retracement of Tuesday's rally, leaving it wedged between EMA(20) near 3930 and EMA(50) at 3940 with RSI(14) at 52.
Support: 3,923.10, 3,895.50, 3,870.26
Resistance: 3,940.20, 3,971.01, 4,000.00
What it said to watch
Hourly close below the 3923 NY low and EMA(20) points to a retest of the 3895.50 Tuesday low and range floor
Failure to hold the range floor exposes Friday's 3870 1y low
Close back above EMA(50) at 3940 and the 3971 week high would break the range top, with the 4000 round number next
Midterm results overnight and Wednesday's ADP and ISM Services prints could materially shift this read
Higher lows from 3870 against equal highs at 3970–3971; 3896–3971 range.
Since Monday's NY rally off Friday's 3870 yearly low, gold has traded a 3896–3971 range. Tuesday's London dip to the 3896 Tue low held a higher low on lower oil and US-Iran headlines, before the NY session drove price back to the 3971 double top, where it was rejected. Price now sits at the 38.2% retracement near 3942, above EMA(20) at ~3929 and roughly on EMA(50) near 3939, with RSI(14) at ~48. That leaves momentum neutral after the swings.
Support: 3,929.00, 3,896.30, 3,870.26
Resistance: 3,971.01, 4,000.00
What it said to watch
H1 close above the 3971 double top breaks the range top and opens the 4000 round number
Loss of EMA(20) near 3929 and the 50% retracement at ~3934 puts the 3896 Tue low back in focus
Break below the 3896 Tue low would complete the double top and violate the higher-lows trendline from the 3870 yearly low
JOLTS at 15:00 UTC and US midterm results overnight could materially shift this read
14:04 UTC
Range after last week's selloff, pressing the top · RSI 59 · price 3,962.38
From the 3892.71 weekly open, both up-legs came around the London-NY transition into NY: Monday's push from 3901 to 3970 and today's run from 3896 to 3971. Asia and London hours bled lower in between. Price is now retesting the week high at 3970–3971, with a double bottom at the 3891/3895 week low underneath, ema20 near 3929 and RSI(14) recovering to about 59 from the low 40s. Monday's bounce came as lower oil and yields softened the USD; the digest flags renewed oil strength as a headwind, so today's spike ahead of JOLTS runs against that backdrop.
Support: 3,929.00, 3,891.00, 3,870.00
Resistance: 3,971.00, 4,000.00
What it said to watch
H1 close above the 3971 week high breaks the range top and opens the 4000 round number
Rejection at 3970–3971 sets a double top and shifts focus back to ema20 near 3929, which is also the 50% of Tuesday's rally
Loss of the 3891 week low breaks the higher-low line and reopens the 3870 yearly low
JOLTS and Factory Orders at 15:00 UTC, then midterm results from ~23:00 UTC, could materially shift this read
Lower high at 3970 Monday; higher low at 3896 Tuesday.
Gold fell from 4082.67 after Wednesday's NY session to the 3870.26 yearly low on Friday. Monday's NY-session rally on US-Iran deal hopes and softer oil met rejection at 3970.36, just shy of the 50% retracement of that drop. The Qeshm Island strike report reversed the move through Asia and into London open, down to a 3896.30 Tuesday low that left a higher low above Friday's base. The late-London bounce has reclaimed EMA(20) near 3922 but sits just under EMA(50) at 3936, with RSI(14) back near 46 and the lower-highs trendline and 3943–3950 breakdown zone overhead.
Support: 3,922.00, 3,896.30, 3,870.26
Resistance: 3,936.00, 3,950.00, 3,970.36
What it said to watch
JOLTS at 15:00 UTC today could materially shift this read via oil-driven Fed hike pricing
H1 close above the 3950 breakdown zone and lower-highs trendline (38.2% fib ~3951) would challenge the downtrend read
Failure to hold the 3896 Tuesday low breaks the higher lows line and exposes the 3870 yearly low
Slip back below EMA(20) near 3922 would confirm the bounce as a pullback within the downtrend
Overnight midterm results add gap risk into the Asia session
Lower high at 3970 under last week's 4083 peak; price back at week-open base.
Monday's NY-session bounce off the 3,870 yearly low stalled at the 3,970 Monday high, between the 38.2% and 50% retracement of last week's 4,083–3,870 leg, and has since given back nearly all of it. The unwind began in Tuesday's Asia session after the reported US strike on Iran's Qeshm Island revived oil, taking price back under EMA(20) near 3,920 to a 3,896 London low just above the weekly open. RSI(14) has slipped to ~41 without reaching oversold.
What it said to watch
H1 close below the 3,896 London low and the 3,892 weekly open puts the 3,870 yearly low back in play
Recovery above EMA(20) at ~3,920 reopens the 3,943–3,950 breakdown zone; a close above the 3,970 Monday high voids the lower-high read
JOLTS at 15:00 UTC today and overnight midterm results could materially shift this read
Lower highs intact; price testing the base of Monday's rally.
Monday's NY-hours rally ran from the 3891 monday low to a 3970 week high as oil-led yield relief hit. That move has been almost fully unwound by Asia and London selling on Tuesday as yields rebounded, carrying price to a 3896 today low beyond the 78.6% of the Mon rally fib. Tuesday's 3964 lower high was rejected at the lower-highs trendline from Thursday, and price now sits below EMA(20) near 3921 and EMA(50) near 3938, with RSI(14) in the low 40s and the 3870 yearly low the next reference beneath the monday low.
Support: 3,896.30, 3,891.23, 3,870.26
Resistance: 3,921.00, 3,964.45, 3,970.36
What it said to watch
Hourly close below the 3891 monday low exposes the 3870 yearly low
Reclaim of ema20 near 3921, followed by a break of the 3964 lower high and 3970 week high, would invalidate the lower-highs read
JOLTS at 15:00 UTC (17:00 broker) and overnight midterm results could materially shift this read
A second hold at the 3896 today low, alongside the monday low, would leave the rally base defended
Monday's NY-hours rally from the 3870 yearly low stalled at the 3970.36 Monday high. That is just shy of the 50% retracement of the week's decline and under the lower-highs trendline, as lower oil and yields briefly lifted gold. Tuesday's Asia session gave the move back as yields rebounded. Price broke the 3945 asia base and slipped below EMA(20) and EMA(50), with RSI(14) in the high 30s. The 3896 Tuesday low still holds above the weekly open and Monday's low, which keeps the higher-lows line off Friday's trough intact.
Support: 3,896.30, 3,892.71, 3,870.26
Resistance: 3,927.00, 3,970.36
What it said to watch
H1 close below the 3892.71 weekly open and the Tuesday low breaks the higher-lows line and re-exposes the 3870.26 yearly low
Recovery above EMA(20) near 3927 and the 3945 asia base would bring the lower-highs trendline (~3952) and the Monday high back into play
JOLTS and Factory Orders at 15:00 UTC, plus overnight midterm results, could materially shift this read
Lower high at 3970 under the Wed–Fri drop, price back at the weekly open.
Monday's NY-session impulse, lifted by oil-led US-Iran headlines, carried gold from the weekly open to a 3970 monday high. That high stalled between the 38.2% and 50% retracement of the Wednesday–Friday drop from 4082. Tuesday's Asia session was capped at the 3950 cap, and the slide into London has erased the whole leg, leaving price back on the weekly open and monday low near 3891, below EMA(20) at ~3925, with RSI(14) near 31.
Support: 3,891.20, 3,870.26
Resistance: 3,924.80, 3,970.36
What it said to watch
Hourly closes below the weekly open/monday low at ~3891 would leave the yearly low at 3870 as the next marker
Recovery above ema20 (~3925) and then the 3950 cap needed to disturb the lower-highs sequence; monday high at 3970 is the swing that defines it
JOLTS at 15:00 UTC today and overnight midterm results could materially shift this read; oil and Iran headlines remain the dominant driver
Lower highs from the 3970.4 week high, back inside Monday's pre-rally range.
Monday's oil-led rally ran from the 3891.2 monday low to the 3970.4 week high through the London-NY transition. It has now been fully unwound, with lower highs through the Asia session and into London open carrying price back to the 78.6% level of the monday rally fib near 3908. Price sits below EMA(20) at ~3928.6 and RSI(14) has eased to ~38, as rebounding yields and steady Fed hike pricing capped the bounce under the 3946.5 monday close, leaving the monday low and Friday's 3870.3 yearly low as the next downside markers.
Support: 3,891.20, 3,870.30
Resistance: 3,928.60, 3,946.50, 3,970.40
What it said to watch
H1 close below the 3891.2 monday low exposes the 3870.3 yearly low
Reclaim of ema20 and the 3946.5 monday close would break the lower highs sequence
A fresh rejection below the 3970.4 week high keeps the downtrend structure intact
US midterm results and JOLTS (Tue 15:00 UTC) could materially shift this read
Lower high at 3964 after the 3870–3970 rebound, now retracing to the 61.8% fib.
Gold fell from the post-FOMC 4082 high to the 3870 yearly low in Friday's NY session. Monday's NY session then drove a rebound to the 3970 Monday high as oil slid on US-Iran talk headlines, still capped by the week's lower-highs line. Since Tuesday's Asia session that rebound has faded from a 3964 lower high back to the 61.8% fib near 3908, with price below EMA(20) at ~3930 and RSI(14) slipping into the high 30s.
Support: 3,892.70, 3,870.30
Resistance: 3,930.00, 3,970.40
What it said to watch
H1 close below the 61.8% fib at 3908 exposes the weekly open at 3892.7 and the 3870 yearly low
A recovery back above EMA(20) near 3930 would put the Monday high at 3970 and the lower-highs line back in focus
A break of the 3870 yearly low confirms a lower-low and extends the downtrend
Midterm results and JOLTS at 15:00 UTC today could materially shift this read
Lower high at 3964 after the 3970 spike; price back below EMA20 at the 61.8% retracement.
Gold jumped from the 3891 monday low to the 3970 monday high during NY hours Monday as crude slid on US-Iran deal headlines. Tuesday's Asian session met rejection at a lower high near 3964, the asia high, then slid back below EMA(20) near 3933 as yields and the USD firmed. Price now sits on the 61.8% retracement of Monday's leg around 3921, still inside the broader downtrend from last week's 4082 top to Friday's 3870 yearly low, with RSI(14) rolled over to the low 40s.
Support: 3,900.00, 3,891.23, 3,870.26
Resistance: 3,933.00, 3,964.45, 3,970.36
What it said to watch
Failure to hold the 3900 round number and the 3891 monday low would erase Monday's base and expose the 3870 yearly low
H1 close back above the ema20 near 3933 would ease the pressure; only a break of the 3964 asia high and 3970 monday high voids the lower-high read
JOLTS and Factory Orders at 15:00 UTC today, then midterm results overnight, could materially shift this read
A collapse in US-Iran talks that lifts crude would test the 3870 yearly low zone
Lower high at 3964 below Monday's 3970 peak; price testing 61.8% of the rebound.
The week's dominant move was the Thursday–Friday slide from the 4082 post-FOMC high to the 3870 yearly low, with Friday's NY session driving the break of 3900. Monday's NY-hours rally on US-Iran diplomacy headlines and softer crude reached the 3970 monday high. Supply then capped the Asia session at 3964 for a lower high, as yields and the USD firmed, and price has slipped back below the ema20 (~3936) and the 3950 cap, where the ema50 also sits (~3947), to rest on the Asian-session low and the 61.8% retracement near 3921, with RSI(14) easing to ~42 from the low 60s at the peak.
Support: 3,921.40, 3,900.00, 3,870.26
Resistance: 3,936.00, 3,950.00, 3,970.36
What it said to watch
H1 close below the 3921 asia low and the 61.8% retracement exposes the 3900 monday base
Failure to hold the 3900 monday base reopens the 3870 yearly low
Recovery above the ema20 and the 3950 cap would negate the lower-high read and put the 3970 monday high back in play
JOLTS and Factory Orders at 15:00 UTC, plus overnight midterm results and US-Iran/crude headlines, could materially shift this read
04:04 UTC
Rebound off yearly low, now retracing below EMAs · RSI 48 · price 3,926.19
Monday impulse 3891–3970, Asia lower high and pullback.
Gold gapped higher at the weekly open from Friday's 3875.80 close. The NY session then drove a ~$79 impulse from 3891 to the 3970 Monday high as falling oil on US-Iran talk hopes and a softer USD lifted it off the yearly low. Tuesday's Asia session stalled at a lower high near 3964 and slid to a 3924 session low, putting price back under ema20 (~3936) and ema50 (~3946) and through the 50% retracement of Monday's impulse, with RSI(14) easing to the high 40s.
Support: 3,924.40, 3,900.00, 3,870.26
Resistance: 3,936.00, 3,946.00, 3,970.36
What it said to watch
Hourly close below the 3924 session low and the 61.8% retracement near 3921 opens the 3900 round number, just above the weekly open at 3892.7
Failure to hold the 3900 round number re-exposes Friday's unfilled gap and the 3870 yearly low
Recovery back above ema20 and ema50 (3936–3946) with a break of the lower highs line revives the rebound read toward the 3970 Monday high
US midterm results overnight, then JOLTS and Factory Orders at 15:00 UTC, could materially shift this read
Lower highs Wed–Fri into 3870 low; post-rebound 3937–3970 range with a lower high.
Gold printed lower highs from Wednesday's 4082 post-FOMC high into Friday's NY-session drop to a 3870 yearly low. Monday's NY open drove a $100 rebound as US-Iran deal hopes knocked crude and yields lower, but the move met rejection at the 3970 Monday high, below the 50% retracement of the week's decline, and Asia printed a lower high at 3964. Price is now compressing between the 3937 swing low, which sits on EMA(20), and the 38.2% fib near 3951, with EMA(50) at roughly 3949 just overhead and RSI(14) cooled to about 57.
Support: 3,900.00, 3,870.26
Resistance: 3,951.40, 3,970.36, 4,000.00
What it said to watch
H1 close below the 3937 swing low and EMA(20) exposes the 3900 round number and Monday's Asia–London base
Acceptance back above the 38.2% fib at 3951 and the 3970 Monday high reopens the 4000 psych level
Loss of 3900 would put the 3870 yearly low back in view
US midterm results overnight into Wednesday and JOLTS at 15:00 UTC Tuesday could materially shift this read, alongside Qeshm strike headlines driving crude
Monday impulse off the yearly low; lower highs capping 3965–3970, higher low at 3937.
The Thursday–Friday slide from the 4082 post-FOMC high bottomed at the 3870 yearly low. Monday's NY-open impulse came as oil and yields eased on US-Iran talk hopes, and it carried price to the 38.2% fib before stalling at the 3970 Monday high. Since then price has rotated between the 3937 swing low, which held just above EMA(20), and a lower-highs cap at 3965–3970. RSI(14) has eased from ~62 to ~52, and price sits just under EMA(50) near 3950.
Support: 3,870.30
Resistance: 3,970.40, 4,000.00
What it said to watch
Hourly close above the 3970 Monday high breaks the lower-highs cap and brings the 50% retracement (3976) and the 4000 round number into view
Break of the 3937 swing low and EMA(20) exposes the 3900 area and the 3892 weekly open
US midterms today, with JOLTS and Factory Orders at 15:00 UTC and results flowing overnight, could materially shift this read
A return to the 3870 yearly low would mark the rebound as fully retraced and re-open the downtrend
Wed–Fri lower highs broken Monday; first higher low at 3937.5, ranging below Monday high.
Gold printed lower highs from Wednesday's 4,082.67 FOMC spike, and Friday's NY session drove the slide to 3,870.26 as oil and Fed-hike pricing weighed. Monday's NY session broke the 3,891–3,919 range and the falling trendline as crude slid on US-Iran talk hopes, despite the ISM beat. The move stalled at the 3,970.4 Monday high, just shy of the 50% fib of the drop, and the pullback low at 3,937.5 held near EMA(20), with RSI(14) cooled to ~60 from overbought.
What it said to watch
H1 close below the 3,937.5 pullback low and EMA(20) would break the first higher low of the rebound
Close back below the 3,919 range top returns focus to the 3,891 weekly low
Close above the 3,970.4 Monday high opens the 50% fib at 3,976.5 and the 61.8% fib near the 4,000 handle
US midterm results overnight and JOLTS at 15:00 UTC today could materially shift this read; ADP and ISM Services follow Wednesday
00:04 UTC
Rebound off yearly low within a broader downtrend · RSI 54 · price 3,946.49
Monday range break from 3891–3919, pulling back after a 3970 week high.
After Friday's slide to the 3870 yearly low, gold gapped up at the weekly open and held a 3891–3919 range through Asia and London. It then broke the range top in the first hours of NY, rallying to a 3970 week high as oil and yields fell on US-Iran deal hopes. The pullback found a floor at the 3937.5 pullback low, just above EMA(20) near 3934 and the 38.2% fib at 3932. RSI(14) has cooled from about 63 to 54, and price is sitting at EMA(50) around 3948, which is capping for now.
Support: 3,937.50, 3,919.35, 3,892.71
Resistance: 3,970.36, 4,000.00
What it said to watch
H1 close below the 3937.5 pullback low and ema20 exposes the 3919 range top and the 50% fib near 3920
Failure to hold the range top puts the weekly open at 3892.7 and the 3870 yearly low back in play
H1 close above the 3970 week high opens the path to the 4000 round number
US midterm results overnight into Wed, plus JOLTS and Factory Orders Tue 15:00 UTC, could materially shift this read
A break of the higher-low trendline from Friday's 3870 low would undo the rebound structure