Every read JAFX AI made on the XAU/USD daily chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:02 UTC
Downtrend, momentum stabilising · RSI 41 · price 4,477.20
Lower highs since late-month peak, basing near 4400–4500.
Gold has been in a multi-week downtrend since the 5280 swing high in late month, carving lower highs into the 4100 cycle low before basing in a 4400–4600 range over the last 3 weeks. Price sits below both EMA20 and EMA50, with the EMA50 sloping down through 4800 acting as the dominant swing resistance. RSI(14) has lifted off oversold while price held the 4400 swing low — a bullish divergence that aligns with the consolidation read rather than trend resumption.
Support: 4,400.00, 4,100.00
Resistance: 4,600.00, 4,800.00, 5,280.00
What it said to watch
- Daily close below 4400 swing low reopens the path toward the 4100 cycle low
- Daily close above 4600 prior pivot would break the lower-high sequence
- Reclaim of ema50 near 4800 needed to neutralise the downtrend
16:26 UTC
Downtrend off October highs, attempting to base · RSI 41 · price 4,462.21
Lower highs since 5419, building a range 4366-4600.
Gold remains in a multi-week downtrend from the 5419 cycle high in late February, with price now consolidating in a 4366-4600 range over the last three weeks. Price sits below both EMA20 and EMA50 with the daily trend filter still pointing lower, but RSI(41) has steadied and refused to make a new low alongside the 4366 swing, hinting at waning downside momentum. Yesterday's bounce off 4424 and the recovery to 4462 keeps the range intact rather than confirming a fresh leg down.
Support: 4,424.00, 4,099.08
Resistance: 4,595.27, 4,793.03, 5,419.10
What it said to watch
- Daily close below 4366 swing low confirms continuation toward the 4099 April low
- Daily close above 4595 swing high breaks the lower-high sequence and opens 4793
- Middle East ceasefire headlines and any US-Iran deal progress remain the dominant macro driver