Post-breakout consolidation 4055–4070, minor lower highs.
Gold climbed from the 3,919.95 Asia low as the Democratic sweep weighed on USD and yields. During NY it broke the London range top at 4051.71 and printed a session high at 4070.46. Since then price has held a shallow consolidation of lower highs above the 4055.33 swing low, the 38.2% of the breakout leg, with RSI(14) neutral near 55 as the new Asia session opens.
Support: 4,055.33, 4,051.71
Resistance: 4,070.46
What it said to watch
Close above the 4070.46 session high breaks the lower-high sequence and resumes the breakout
Failure to hold the 4055.33 swing low opens a retest of the 4051.71 range top, near the 50% of the breakout leg
Thu 13:30 UTC Jobless Claims and Unit Labor Costs, then Fed's Hammack at 13:50, could materially shift this read
Post-breakout consolidation 4055–4070, early Asia.
Gold climbed from the 3919.95 Asia low as USD sold off on the Democratic midterm sweep, then broke the 4029–4052 London range during NY hours and printed a 4070.46 session high. Since then price has held a 4055–4070 band into the new Asia session, with the swing low at 4055.33 sitting on the 38.2% breakout fib. A 4067.58 lower high caps the band, RSI(14) is neutral near 54 and price is sitting just above EMA20.
Support: 4,055.33, 4,051.71, 4,029.28
Resistance: 4,067.58, 4,070.46
What it said to watch
M15 close below the 4055.33 swing low (38.2% breakout fib) exposes the 4051.71 range top
A return inside the London range below the range top, toward the 4029.28 range low, would turn the NY breakout into a false break
Close above the 4067.58 lower high and the 4070.46 session high resumes the higher-high chain
Thu 13:30 UTC Jobless Claims and Unit Labor Costs, then Fed's Hammack at 13:50, could materially shift this read ahead of Friday's NFP
Post-breakout consolidation 4055–4070 above former range top.
Gold extended the post-midterm USD selloff, breaking the 4030–4051 London/NY range at 16:30 UTC. It printed a session high at 4070.46, then held a 4055–4070 band through late NY, with the ny low near the 38.2% fib of the 4029–4070 leg. Early Asia session is drifting just under the 4065.69 asia high and the EMA20, with RSI(14) neutral at 49.
Support: 4,055.33, 4,051.71, 4,029.28
Resistance: 4,065.69, 4,070.46
What it said to watch
M15 close below the 4055.33 ny low breaks the rising support from the 4029 range low and opens a retest of the 4051.71 range top
Loss of the range top back inside 4030–4051 would mark the breakout as a false break, with the 4029.28 range low next
Clearing the 4065.69 asia high and the 4070.46 session high resumes the HH chain
Thu 13:30 UTC Jobless Claims and Unit Labor Costs, then Fed's Hammack, could reprice December hike odds and shift this read
Post-breakout consolidation 4055–4070 with lower highs.
Gold broke above the 4029–4051 London range during NY hours as the midterm-driven USD selloff extended. It printed a session high at 4070.46, then compressed into the late NY close with lower highs at 4067.58 and 4066.27. The pullback held the 38.2% retracement near the 4055.33 swing low, and RSI(14) is neutral near 47.
Support: 4,055.33, 4,051.71, 4,029.28
Resistance: 4,067.58, 4,070.46
What it said to watch
M15 close below the 4055.33 swing low exposes the 4051.71 range top and the 50% retracement near 4050
Close above the 4067.58 lower high and the 4070.46 session high breaks the compression and resumes the HH chain
Acceptance back inside the range below 4051.71 brings the 4029.28 range low back into view and turns the breakout into a false break
Thu 13:30 UTC jobless claims and Fed's Hammack at 13:50 could materially shift this read ahead of Friday's NFP
22:46 UTC
Intraday uptrend, pausing after NY breakout · RSI 47 · price 4,060.10
Tight 4055–4070 consolidation above the broken London range top.
Gold climbed from the 3919.95 Asian low, then broke the London range top at 4051.7 in NY hours and ran to a 4070.46 session high as USD stayed heavy after the Democratic midterm sweep. Since then price has compressed between the 4055.3 pullback low, which held near the 38.2% of the NY leg, and a 4067.6 lower high into the Asia open. RSI(14) is neutral around 47 and price sits just under EMA20.
Support: 4,055.33, 4,051.71
Resistance: 4,067.58, 4,070.46
What it said to watch
M15 close below the 4055.3 pullback low breaks the consolidation and opens a retest of the 4051.7 range top
Close above the 4067.6 lower high and the 4070.5 session high resumes the breakout leg
Failure to hold the 4051.7 range top turns the NY breakout into a false break
Thu 13:30 UTC jobless claims and unit labor costs could materially shift this read ahead of Friday NFP
Gold extended its midterm-driven rally as USD sold off. Price broke the 4030–4052 London/NY range top at 16:30 UTC and printed a 4070.46 session high. It has since compressed between the 4055.33 late NY low and a 4067.58 lower high, holding the 38.2% fib of the 4029–4070 leg with RSI(14) neutral near 46.
Support: 4,055.33, 4,051.71, 4,029.28
Resistance: 4,067.58, 4,070.46
What it said to watch
M15 close above the 4070.46 session high resumes the HH chain
Failure to hold the 4055.33 late NY low exposes the 4051.71 range top retest and the 50% fib near 4050
Loss of the rising support from the 4029.28 swing low converts the pause into a deeper pullback
Thu 13:30 UTC Jobless Claims and Unit Labor Costs, then Fed's Hammack, could materially shift this read
22:17 UTC
Uptrend, pausing after NY breakout · RSI 53 · price 4,060.10
Post-breakout consolidation 4,055–4,070, lower high forming.
Gold rallied through the Asia session from the 3,919.95 low as USD sold off on the Democrats' midterm sweep. The NY session then broke the London range top at 4,051.7 and printed a session high of 4,070.46. Late NY has settled into a tight 4,055–4,070 consolidation, with a lower high at 4,067.58 and a pullback low at 4,055.33; price sits on the EMA20 and RSI(14) is neutral near 53.
What it said to watch
A close back below the 4,051.7 range top would mark the NY breakout as a false break and reopen the London range low at 4,029.3
A clear break of the 4,070.46 session high ends the lower-high sequence; 4,074 is the next cap cited in the digest
Loss of the 4,055.3 pullback low confirms a lower low inside the consolidation
US Jobless Claims and Unit Labor Costs on Thu at 13:30 UTC, then Friday's NFP, could materially shift this read
Breakout above 4029–4052 range, now a lower high under 4070.
USD selling after the Democrats' midterm sweep lifted gold from the 3919.95 Asia low back through 4000. Price then held a 4029–4052 range through London and into NY before breaking higher at 15:30 UTC to a 4070.46 session high. The pullback low at 4055.33 held near the 38.2% retracement of that breakout leg, and the 4067.58 lower high leaves price coiling around 4060 into late NY with RSI(14) neutral near 47.
Support: 4,055.33, 4,051.71, 4,029.28
Resistance: 4,067.58, 4,070.46
What it said to watch
M15 close below the 4051.71 range top puts price back inside the range and exposes the 4029.28 range low
Loss of the 4055.33 pullback low confirms a lower low under the lower high
M15 close above the 4070.46 session high resumes the higher-high chain and breaks the lower-highs line
Thu 13:30 UTC Jobless Claims and Unit Labor Costs, then Fed's Hammack, could materially shift this read
NY range break above 4052, now consolidating 4055–4070.
Gold extended its midterm-driven, USD-weak rally from the 3919.95 low with a NY break of the 4029–4052 London range top, tagging a 4070.5 session high. Late NY has faded into a tight 4055–4070 band, with the swing low holding near the 38.2% fib and a lower high at 4067.6.
Support: 4,055.30, 4,051.70, 4,029.30
Resistance: 4,067.60, 4,070.50
What it said to watch
M15 close below the 4055.3 swing low opens a retest of the 4051.7 range top and the 50% fib near 4050
Close above the 4070.5 session high clears the lower-highs line and resumes the uptrend
Loss of 4051.7 back inside the range puts the 4029.3 range low in focus
Thu 13:30 UTC Jobless Claims / Unit Labor Costs and Fri NFP could materially shift this read
Post-breakout consolidation 4055–4070 above the London range.
Gold extended the USD-driven post-midterm rally. The NY session broke the 4030–4051 London range and printed a 4070.46 session high. Late NY has coiled between the 4055.33 pullback low, which is holding the 38.2% of the NY leg, and a 4067.58 lower high, with price just under EMA20 and RSI(14) neutral near 46.
Support: 4,055.33, 4,051.71, 4,041.19
Resistance: 4,067.58, 4,070.46
What it said to watch
M15 close below the 4055.33 pullback low exposes a retest of the 4051.71 range top (50% of the NY leg)
Loss of the 4041.19 break base would negate the NY breakout
M15 close above the 4067.58 lower high and 4070.46 session high resumes the HH chain
Thu 13:30 UTC Jobless Claims and Unit Labor Costs, then Fed's Hammack at 13:50, could materially shift this read ahead of Friday NFP
Gold broke the 4029–4052 NY range at 16:15 UTC as USD stayed heavy after the Democratic midterm sweep. It then tagged the 4070 session high twice. The pullback held at 4055, near the 38.2% fib of that leg, and late-NY trade is compressing just under the high with RSI(14) neutral near 53.
Support: 4,055.33, 4,051.71, 4,029.28
Resistance: 4,070.46, 4,100.00
What it said to watch
M15 close above the 4070.46 session high resumes the higher-high chain; the 4100 round number is next overhead
Loss of the 4055 pullback low and a close back below the 4051.7 range top would mark a false break
A higher-low line from the 4029 range low runs under current price; a break would end the intraday higher-low structure
Thu 13:30 UTC Jobless Claims and Unit Labor Costs, then Fed's Hammack, could materially shift this read
London range broken higher in NY; late-NY consolidation 4055–4070.
Gold cleared the 4029–4052 London range at 16:30 UTC as USD stayed heavy after the Democratic midterm sweep, printing a 4070.5 session high. Late NY has since compressed between the 4055 swing low and a 4067.6 lower high. The swing low sits on the 38.2% fib of the NY leg, and RSI(14) is neutral near 57.
Support: 4,055.30, 4,051.70
Resistance: 4,067.60, 4,070.50
What it said to watch
M15 close above the 4070.5 session high ends the consolidation and resumes the NY leg
Failure to hold the 4055 swing low opens a retest of the 4051.7 range top (50% fib zone)
Thin Asia session liquidity can produce outsized moves relative to the ~6.4-dollar ATR
Thursday 13:30 UTC jobless claims and unit labor costs could materially shift this read ahead of NFP
Post-breakout consolidation 4055–4070 above prior range top.
Gold extended its post-midterm rally on the softer USD, climbing from the 3919.95 Asia low and then breaking out of the 4029–4051 London range in early NY to a 4070.46 session high. Late NY has settled into a 4055–4070 consolidation. The 4055 swing low sits near the 38.2% retracement of the breakout leg, a lower high at 4067.58 is capping, and RSI(14) has cooled to a neutral 46.
Support: 4,055.33, 4,051.71, 4,029.28
Resistance: 4,067.58, 4,070.46
What it said to watch
M15 close below the 4055 swing low exposes a retest of the 4051.71 range top, with the 50% retracement near 4050
Failure back inside the old range below 4051 would turn the breakout into a false break, with the range floor at 4029 next in view
Close above the 4067.58 lower high and the 4070.46 session high resumes the higher-high chain
Thursday 13:30 UTC jobless claims and unit labor costs are the next USD catalyst ahead of Friday's NFP
NY breakout above London range, shallow pullback holding higher low.
Gold broke out of the 4029–4052 London range during NY hours as USD stayed heavy after the Democratic midterm sweep, printing a 4070.5 session high. The pullback held a 4055 swing low near the 38.2% fib, and price is now rotating 4055–4066 late in NY with RSI(14) neutral near 54 and a lower high at 4066.5 capping the bounce.
Support: 4,055.33, 4,051.71, 4,029.28
Resistance: 4,066.53, 4,070.46
What it said to watch
M15 close above the 4070.5 session high resumes the NY breakout leg
Failure to hold the 4055 swing low exposes the 4051.7 range top; a close back inside the range would mark the breakout as a false break
Range low at 4029.3 is the floor of the London structure if the pullback deepens
Thin liquidity into the daily break and Asia session can produce erratic wicks around these levels
Thu 13:30 UTC Jobless Claims and Fri NFP could materially shift this read
Gold broke out of the 4029–4051 London-NY range at 16:30 UTC as USD stayed heavy after the Democratic midterm sweep. Price printed a session high at 4070.46, and the pullback held a swing low at 4055.33 near the 38.2% retrace. Late-NY trade is back near 4064 with RSI(14) neutral around 57, just under the 4074 cited cap.
Support: 4,055.33, 4,051.71, 4,029.28
Resistance: 4,070.46, 4,074.00
What it said to watch
M15 close above the 4070.46 session high extends the higher-high chain toward the 4074 cited cap
Failure to hold the 4055.33 swing low exposes a retest of the 4051.71 range top
Acceptance back below 4051.71 would turn the breakout into a false break, with the 4029.28 range low back in view
Thu 13:30 UTC Jobless Claims and Unit Labor Costs, then Fri NFP, could materially shift this read
Range break above 4052, shallow pullback holding above the old range top.
Gold extended the Asia-session midterm rally from 3919.95, then broke the 4029–4052 range after London close as the USD stayed heavy, printing a 4070.46 session high. Late-NY pullback has held the 4055.33 pullback low near the 50% fib, above the old range top and EMA20, with RSI(14) cooled to 55.
Support: 4,055.33, 4,051.70, 4,029.28
Resistance: 4,070.46
What it said to watch
Close back below the range top at 4051.7 turns the break into a false break and reopens the range low at 4029.28
Close above the 4070.46 session high resumes the HH chain
Loss of the 4055.33 pullback low puts the 61.8% fib at the range top in play
Thu 13:30 UTC jobless claims and Fed's Hammack at 13:50 UTC could materially shift this read
19:47 UTC
Uptrend, pulling back from session high · RSI 50 · price 4,055.69
NY range break above 4052, now retracing toward range top.
Late-Asia buying on the post-midterm USD selloff lifted gold from 3957 to 4028. London then held a 4029–4052 range, and NY broke above it at 16:30 UTC, as softer US PMIs added to the dollar weakness. The NY move peaked at a 4070.5 session high and has since slipped through the 4059.6 shelf low, sitting near the 38.2% fib with RSI(14) back to neutral 50.
Support: 4,051.70, 4,045.00, 4,029.30
Resistance: 4,059.60, 4,070.50
What it said to watch
A M15 close back below the 4051.7 range top would turn the NY breakout into a false break, exposing the 4045 fib 61.8 and the 4029.3 range low
A hold above the range top on this pullback marks a retest, with a reclaim of the 4059.6 shelf low reopening the 4070.5 session high
Thu 13:30 UTC Jobless Claims and Unit Labor Costs, the NFP preview, could shift this read in the London-NY transition
19:32 UTC
Uptrend, late-NY pause · RSI 60 · price 4,060.34
Range break above 4052, holding below 4070 session high.
USD selling on the Democrats' midterm sweep lifted gold from the 3927 Asian pullback low through 4000. London and early NY then held a 4029–4052 range until a range break during NY hours set a 4070.5 session high. Late NY is drifting just above the 4059.6 pullback low, at the 23.6% fib of the breakout leg, with RSI(14) near 60 and price above both EMAs.
Support: 4,059.60, 4,051.70, 4,029.30
Resistance: 4,070.50, 4,074.00
What it said to watch
A close back below the 4051.7 range top would turn the range break into a false break
Failure to hold 4029.3, the range low, negates the intraday higher-low structure
A clear break above the 4070.5 session high runs into the 4074 cited cap flagged in coverage
Thu 13:30 UTC Jobless Claims and Unit Labor Costs are the next scheduled USD risk ahead of Friday's NFP
Range break at 16:30 UTC, tight consolidation above 4,059.6.
Gold broke the 4,029.3–4,051.7 London/NY range at 16:30 UTC and printed a 4,070.5 session high, extending the election-driven Asia-session rally off 3,920 as USD stayed heavy. Late in the NY session, price is holding a 4,059.6 pullback low that sits on the 23.6% fib of the breakout leg, with RSI(14) cooling to about 54.
What it said to watch
An M15 close below the 4,059.6 pullback low exposes a retest of the 4,051.7 range top, near the 50% fib.
Acceptance back below the 4,051.7 range top would turn the range break into a false break, with the 4,029.3 range low next.
A clearance of the 4,070.5 session high brings the 4,074 cited cap from news coverage into play.
Thu 13:30 UTC jobless claims and unit labour costs, then Hammack at 13:50 UTC, could materially shift this read.
Gold broke out of the 4029–4052 London-NY range in the first hours after London close as USD extended its post-midterm slide. Price stalled at the 4070.46 session high, and the late-NY pullback is holding the 4059.6 swing low with RSI(14) cooling to ~63.
Support: 4,059.63, 4,051.71, 4,029.28
Resistance: 4,070.46
What it said to watch
Break below the 4059.6 swing low opens a retest of the 4051.7 range top and the 38.2–50% fib zone (4055–4050)
M15 close back below the 4051.7 range top would mark the breakout as a false break, back toward the 4029.3 range low
Failure to clear the 4070.5 session high leaves the rising support line in focus
Thu 13:30 UTC jobless claims and Fed's Hammack at 13:50 UTC could materially shift this read
Late NY: gold broke the 4029–4052 range during NY hours and tagged a 4070.46 session high. It is now consolidating just above the 4059.63 pullback low, with RSI(14) near 66. The post-midterm USD slide is still the driver, and the ISM Services miss did not crack the range low at 4029.
Support: 4,059.63, 4,051.71, 4,029.28
Resistance: 4,070.46, 4,100.00
What it said to watch
Failure to hold the 4059.63 pullback low exposes the 38.2% fib near 4055 and a retest of the 4051.71 range top
An M15 close back below the 4051.71 range top would turn the range break into a false break
Acceptance above the 4070.46 session high opens the path toward the 4100 round number
A break of the rising lows line would end the higher-low chain from the 4029.28 range low
Thu 13:30 UTC jobless claims, unit labor costs and Fed's Hammack could shift USD ahead of Friday's NFP
Breakout above the London-NY range (4029–4052), shallow pullback late in NY session.
Gold extended the post-election USD sell-off, breaking out of the 4029–4052 London-NY range around London close and printing a session high at 4070.46. Price is easing to 4063 late in NY hours with RSI(14) near 66. The 4051.5 range top lines up with the 50% retracement of the breakout leg.
Support: 4,061.50, 4,051.50, 4,029.30
Resistance: 4,070.46, 4,100.00
What it said to watch
Holding the 4061.5 pullback low keeps the breakout leg's higher-low intact; a break there exposes a retest of the 4051.5 range top
An M15 close back below the 4051.5 range top would mark a false break and reopen the 4029.3 range low
A close above the 4070.46 session high extends the leg toward the 4100 round number
Thu 13:30 UTC jobless claims and Hammack at 13:50 UTC are the next scheduled risk ahead of Friday's NFP
18:16 UTC
Uptrend, pausing under session high · RSI 68 · price 4,067.36
Break above the 4,029–4,052 intraday range, tight hold above 4,059.
Gold broke above the 4,029–4,052 London/NY range during NY hours as USD stayed offered after the Democratic midterm sweep, printing a session high at 4,070.46. Price is now compressing in a 4,063–4,070 band late in the NY session, with higher lows off 4,029. RSI(14) is near 68, warm but not extreme.
Resistance: 4,074.00
What it said to watch
M15 close back below the 4,051.7 range top would turn the move into a false break and put the 4,029 range low back in play
Holding above the 4,059 pullback low keeps the higher-lows sequence intact
The 4074 cap flagged in news sits just above the session high, so a rejection or a break there defines the next leg
Thu 13:30 UTC Jobless Claims and Hammack, then Friday NFP, could materially shift this read
18:04 UTC
Uptrend, fresh highs in late NY · RSI 66 · price 4,067.28
Range break higher; HH/HL chain since 15:15 UTC low.
Gold climbed from 3,920 in Asia to 4,029 as the USD sold off after the Democratic Congress sweep, then held a 4,029–4,052 range through London and early NY despite mixed US data. A break of the range top near 16:30 UTC carried price to a 4,070.39 session high. RSI(14) at about 66 is firm but not stretched.
What it said to watch
Holding the 4,059 breakout low keeps the late-NY leg intact
A move back below the 4,051.7 range top would turn the breakout into a false break and put the 4,029 range low back in play
Close above the 4,070.39 session high extends the HH chain into fresh highs
Thu 13:30 UTC jobless claims and Hammack, then Fri NFP, could materially shift this read
17:46 UTC
Uptrend, fresh leg higher late in NY · RSI 69 · price 4,068.79
London–NY range 4029–4052 broken higher, holding near session high.
The post-election USD sell-off carried gold from 3920 in Asia to 4029 by London. London and NY then held a 4029–4052 range, with the range low defended three times. Price broke out of that range late in NY after the soft ISM Services print and set a session high at 4070.39, with RSI(14) running near 70.
Support: 4,051.70, 4,041.00, 4,029.28
Resistance: 4,070.39, 4,100.00
What it said to watch
An M15 close back below the 4051.7 range top would mark the breakout as a false break and put the range mid at 4041 back in play
Failure to clear the 4070.39 session high keeps price capped below the 4100 round number
A move back through the 4029.28 range low would undo the London–NY structure
Thu 13:30 UTC jobless claims and unit labor costs, then Hammack, could reprice Fed hike odds and shift this read
17:33 UTC
Uptrend, pausing at session high · RSI 65 · price 4,066.27
Range break higher, higher lows from 4029 range low.
Gold broke the 4029–4052 range that held through London and early NY, printing a 4068.12 session high late in NY as the post-election USD sell-off extended. Price is holding just under the session high with RSI(14) near 65. The micro low at 4059 and the range top at 4052, which sits on the 38.2% fib of the breakout leg, lie beneath.
Support: 4,059.00, 4,051.71, 4,029.28
Resistance: 4,068.12, 4,100.00
What it said to watch
M15 close back below the range top at 4052 would mark a false break and reopen the range low at 4029
A clear move through the 4068 session high opens the path to the 4100 psych level
Loss of the 4059 micro low points to a deeper retest of the range top
Thin liquidity after NY close into the Asia session; Thu 13:30 UTC jobless claims could shift this read
17:16 UTC
Uptrend, fresh range break · RSI 64 · price 4,064.41
NY-session breakout above 4029–4052 London-NY range, higher high at 4068.
Gold broke out of the 4029–4052 London-NY range during NY hours. The move printed a session high at 4068.12 as USD stayed offered after the Democratic sweep and today's mixed ISM/PMI data. RSI(14) near 64 is not stretched, and the former range top at 4051.7 sits close to the 38.2% of the breakout leg.
Support: 4,051.70, 4,039.10, 4,029.30
Resistance: 4,068.12, 4,100.00
What it said to watch
M15 close back below the 4051.7 range top would mark the breakout as a false break
Failure to hold the 4039.1 swing low (50–61.8% of the breakout leg) puts the 4029.3 range low back in play
Rejection at the 4068.12 session high keeps price capped below the 4100 round number
Thu 13:30 UTC jobless claims and Hammack, then Fri NFP (f/c 65K), could materially shift this read
17:03 UTC
Uptrend, fresh range break · RSI 63 · price 4,066.62
London-NY range 4029–4052 broken higher; new session high 4067.75.
USD selling after the Democratic sweep lifted gold from ~3,930 in the Asia session to 4,049 into London open. London and NY then held a 4,029 range low to 4,052 range top until a range break at the London close, which printed a session high at 4,067.75. RSI(14) ~63 is not stretched, and the breakout fib 38.2% lines up with the old range top.
What it said to watch
A retest that holds the 4,052 range top keeps the breakout intact; an M15 close back below it flags a false break
Loss of the 4,041 break base, where the breakout bar launched, puts the range low at 4,029 back in play
M15 close above the 4,067.75 session high extends the HH chain after the London close
Thu 13:30 UTC jobless claims and Fed's Hammack at 13:50, then Friday NFP, could materially shift this read
Broke above the 4029–4052 London/NY range late in NY.
Gold spent London and early NY capped at the 4051.7 range top, with the 4029.3 range low holding through the two-way swings after the ADP beat and ISM Services miss. A late-NY push then cleared the range top to a 4061.27 session high, extending the USD-weakness rally that followed the Democratic sweep from the 3927 Asia low. RSI(14) near 63 is not stretched.
Support: 4,051.70, 4,029.30
Resistance: 4,061.27
What it said to watch
Holding above the 4051.7 range top keeps the breakout intact; an M15 close back inside the range marks a false break
4061.27 session high is the area to watch for rejection or extension
A move back below the 4029.3 range low would undo the post-election range structure
Thu 13:30 UTC jobless claims and Fed's Hammack at 13:50, then Fri NFP (f/c 65K) could materially shift this read
4029–4052 range since London open, capped above, held below.
The Asia-session rally of roughly $120 off 3927, driven by the Democratic Congress sweep and USD sell-off, has stalled into a 4029–4052 range through London and NY. The 4051.7 range high was rejected three times, and dips held 4029–4031. After London close, price sits mid-range with RSI(14) neutral near 52.
Support: 4,029.30, 4,014.80, 4,000.00
Resistance: 4,051.70
What it said to watch
M15 close above the 4051.7 range high breaks the post-rally range
Failure to hold the 4029.3 range low exposes the 4014.8 swing low and the 38.2% rally fib near 4004
Loss of 4000 psych undercuts the Asia rally structure
Thu 13:30 UTC jobless claims and Fed's Hammack at 13:50 UTC could shift this read ahead of Friday's NFP
Sideways 4029–4052 since London open after the Asia-session rally.
The Democratic sweep drove a USD sell-off that lifted gold from 3927 to 4048 during Asia and early London. Price has ranged 4029–4052 through London and NY, and the range top was rejected three times (12:30, 14:30 and 16:00 UTC). The mixed ADP and ISM data added swings but no break, and RSI(14) sits near 52 mid-range.
Support: 4,029.28, 4,020.44, 4,000.00
Resistance: 4,051.71
What it said to watch
M15 close above the 4051.7 range top breaks the consolidation after three rejections
Close below the 4029 range low exposes the 4020 pullback low near the 23.6% rally fib
Loss of 4020 opens the 4000 psych level, close to the 38.2% rally fib at 4004
Thu 13:30 UTC jobless claims and Fed's Hammack, then Fri NFP, could materially shift this read
16:03 UTC
Uptrend, pausing below range top · RSI 58 · price 4,050.64
Post-rally range 4029–4052 since London open.
The Democratic midterm sweep drove an election rally from 3,927 to 4,050. Gold has since held a 4,029–4,052 range through London and NY, with the range top rejected at the NY open and the ADP-beat and ISM-miss dips holding the range low. Late NY, price is pressing the range top again, with RSI(14) near 58.
What it said to watch
M15 close above the 4,051.7 range top ends the range read and extends the election rally
Loss of the 4,040 range mid puts the 4,029.3 range low back in play; a break below it shifts focus to the 4,014.8 swing low
Thu 13:30 UTC jobless claims and Hammack at 13:50 UTC could materially shift this read ahead of Friday NFP
4029–4052 range since 09:00 UTC, capped at range high.
Gold cleared the Asian range high near 3965 at 05:30 UTC and rallied about $85 into London as the Democratic midterm sweep pushed the USD and yields lower. Price has held a 4029–4052 range since 09:00 UTC. The range high near the 4050 psych level has rejected five tests, and the mixed ADP/PMI/ISM releases in NY printed a range low at 4029.3 that was bought back to 4040.
Support: 4,029.30, 4,020.40, 4,000.00
Resistance: 4,051.70
What it said to watch
M15 close above the 4051.7 range high breaks the five-test cap and opens the 4074 area flagged in the digest
Close below the 4029.3 range low exposes the 4020.4 swing low, near the 23.6% of the rally fib, then the 4000 round number
Thu 13:30 UTC jobless claims/unit labor costs and Fed's Hammack at 13:50 could shift this read; Fri NFP is the larger catalyst
4029–4052 range since London morning, NY fading from range top.
Gold has held a 4029–4052 range since London morning, after the late-Asia breakout on the post-midterm USD and yield slide. NY rejected the 4051.7 range top, and the ISM Services and S&P PMI misses at 14:45–15:00 UTC did not lift price. That left lower highs into 4042.1 and a probe of the range floor at 4029.3 during the London-NY overlap, with RSI(14) near 47 and price below EMA20 but above EMA50.
Support: 4,029.30, 4,020.40
Resistance: 4,042.10, 4,051.70
What it said to watch
M15 close below the 4029.3 range floor exposes the 4020.4 swing low, which sits near the 23.6% rally fib
Reclaiming the 4042.1 lower high puts the 4051.7 range top back in play; a close above it breaks the range
No scheduled US data in the next few hours, so midterm, fiscal and yield headlines remain the likely trigger for a range break
15:16 UTC
Uptrend paused, ranging at the highs · RSI 44 · price 4,032.77
London-NY range 4030.5–4051.7 after a late-Asia breakout; price testing the range low.
Gold broke above the 3965 Asian high late in the Asia session on the post-midterm USD slide and has ranged 4030.5–4051.7 since London. NY rejected the range high again, and the ISM/PMI misses have not lifted price. It now sits on the range low with RSI(14) near 44, below EMA20 and above EMA50.
Support: 4,030.50, 4,020.40, 4,000.00
Resistance: 4,051.70
What it said to watch
An M15 close below the 4030.5 range low breaks the London-NY range and exposes the 4020.4 swing low at the 23.6% fib of the rally
Failure to hold 4020.4 brings the 4000 round number, the 38.2% fib, into play
A close above the 4051.7 range high ends the range read
Continued non-response to the soft ISM Services print (54.5 vs 54.8) during NY hours would mark fading upside momentum
15:03 UTC
Uptrend, stalled into a range · RSI 49 · price 4,039.52
Tight range 4030–4052 since London morning after the Asia rally leg.
Gold ran from the 3920 Asian low through 4000 in late Asia as USD slid on the midterm result, then has held a 4030–4052 range since London morning. Two probes of the 4051.7 range high were rejected and the range low held through the ADP beat. The current bar is the ISM Services release, with RSI(14) neutral near 49.
Support: 4,030.50, 4,014.80, 4,000.00
Resistance: 4,051.70, 4,074.00
What it said to watch
ISM Services at 15:00 UTC (f/c 54.8) lands on the current bar and is the likely trigger for a range break
M15 close above the 4051.7 range high opens 4074, the resistance flagged in the news flow (news res)
Close below the 4030.5 range low exposes the 4014.8 london low and the 4000 round number, near the 38.2% of the rally fib
14:47 UTC
Uptrend, pausing in a range · RSI 56 · price 4,047.50
Range 4030.5–4051.7 since London open after a late-Asia impulse leg.
Gold rallied from the 3920 Asia low into the 4040s as the USD slid after the midterms. It has held a 4030.5–4051.7 box through London and the first hour of NY. The ADP beat dipped price to the 4030.56 range low, and buyers stepped back in. The latest bar is pressing the 4051.7 range top with RSI(14) at 56.
Support: 4,030.56, 4,020.44, 4,000.00
Resistance: 4,051.71, 4,074.00
What it said to watch
ISM Services at 15:00 UTC (f/c 54.8) is the next catalyst for this range.
An M15 close above the 4051.7 range top opens the path toward the 4074 cap cited in the news flow.
A close below the 4030.5 range low exposes the 4020 swing low and the 4000 psych level.
Range 4030.56–4051.50 since London open, price at range low.
Gold reversed from the 3926.99 Asian swing low and rallied through the Asian range high on the post-midterm USD slide, then capped at the 4051.50 session high. It has ranged 4030.56–4051.50 since. The ADP beat at 13:15 UTC drove a dip to the range low that was bought, but price is back on that floor with RSI(14) at 45 and price under EMA20. The 38.2% retracement of the Asian-low rally sits near 4004, just above the 4000 round number.
Support: 4,030.56, 4,021.31, 4,000.00
Resistance: 4,051.50
What it said to watch
S&P Global PMI 14:45 UTC and ISM Services 15:00 UTC (f/c 54.8) could materially shift this read
M15 close below the 4030.56 range low exposes the 4021.31 swing low and the 4000 round number
M15 close above the 4051.50 session high ends the range read
Third test of the range low in the NY session: hold vs break
Late-Asia impulse, then 4030–4051 range through London and early NY.
Gold's late-Asia surge from 3920 to the 4029 area came on the post-midterm USD and yield slide. London and early NY have since held a 4030–4051 range capped by the 4051.5 session high, and the ADP beat only produced a sweep to the 4030.56 NY low that was reclaimed within the bar. RSI(14) sits near 53 with price on EMA20, so momentum has cooled. ATR is about 920 pips.
Support: 4,030.56, 4,020.44, 4,000.00
Resistance: 4,051.50, 4,074.00
What it said to watch
S&P Global PMI at 14:45 UTC and ISM Services at 15:00 UTC (f/c 54.8) could break the 4030–4051 range either way
M15 close above the 4051.5 session high opens the path toward the 4074 macro cap flagged in the news flow
Acceptance below the 4030.56 NY low exposes the london base at 4020, which is also the 23.6% level of the asia-to-high fib
Loss of 4020 puts the 4000 round number and the 38.2% retracement in play
14:04 UTC
Uptrend, pausing in a range · RSI 57 · price 4,046.49
4030–4051 range since London morning after early-Asia impulse.
The Democratic Congress win and a softer USD drove an early-Asia surge from 3957 to 4021, and London extended it to 4048. Price has since held a 4030.56–4051.50 range. The ADP beat (86K vs 69K) drove a sweep of the range low that was reclaimed within the same bar, and RSI(14) sits neutral near 57 in the first hour of NY.
Support: 4,030.56, 4,014.79, 4,000.00
Resistance: 4,051.50, 4,074.00
What it said to watch
ISM Services 15:00 UTC (f/c 54.8, plus Prices Paid) and S&P Composite PMI 14:45 UTC could materially shift this read
M15 close above the 4051.50 range high opens the path to the 20d sma near 4074 cited in the digest
Failure to hold the 4030.56 range low exposes the 4014.79 swing low, then the 4000 round number near the 38.2% rally fib
13:46 UTC
Post-breakout uptrend, flattening into a range · RSI 54 · price 4,045.87
4030–4051 range since London open, above Asia breakout.
Gold broke out of the 3920s through the 4000 psych level in Asia as the Democratic Congress sweep hit the USD. Since London open it has held a 4030–4051 range. The ADP release bar dipped to the range low at 4030.56 and closed back near 4046, a false break with no follow-through. RSI(14) is neutral at ~54 and ATR(14) is around 950 pips.
Support: 4,030.56, 4,014.79, 4,000.00
Resistance: 4,051.50
What it said to watch
S&P Global PMI at 14:45 UTC and ISM Services (with Prices Paid) at 15:00 UTC could materially shift this read
M15 close above the 4051.50 session high breaks the London range
Failure to hold the 4030.56 range low exposes the 4014.79 london low
Loss of 4014.79 puts the 4000 psych level and the fib 38.2% near 4001 in play
13:31 UTC
Uptrend, stalling in a range · RSI 42 · price 4,034.97
Post-rally consolidation, price testing the range low.
Gold ran from 3927 through Asia and early London on the Democratic-sweep USD selloff, printing a 4051.50 session high before compressing into a 4031.75–4051.50 range since mid-London. In the first hour of NY, after the ADP release, price is pressing the range low below ema20 near 4040. RSI(14) is near 42, momentum cooled but not stretched.
Support: 4,031.75, 4,020.00, 4,000.00
Resistance: 4,040.00, 4,051.50
What it said to watch
M15 close below the 4031.75 range low exposes the 4020 swing low, near the 23.6% rally fib
Reclaim of ema20 near 4040 followed by a break of the 4051.50 session high resumes the higher-high sequence
ISM Services at 15:00 UTC (f/c 54.8, with Prices Paid) could materially shift this read
4000 psych is the deeper support if the squeeze fades
London range 4031.75–4051.5 after late-Asia breakout; top rejected repeatedly.
Gold broke out of the late-Asia base near 3927 on the Democratic Congress sweep and cleared yesterday's 3971 high, then ranged 4031.75–4051.5 through London with repeated rejection at the session high. The ADP bar early in NY is pressing toward the session low, with price below EMA20 and RSI(14) near 47.
Support: 4,031.75, 4,020.44, 4,000.00
Resistance: 4,051.50
What it said to watch
M15 close below 4031.75 session low breaks the London range and exposes the 4020 swing low
M15 close above 4051.5 session high invalidates the range read
ADP (13:15 UTC, now) and ISM Services at 15:00 UTC could materially shift this read
Loss of the 4000 psych level, near the 38.2% fib of the rally, would unwind a large part of the move
13:03 UTC
Uptrend, pausing in a tight range · RSI 55 · price 4,044.52
Gold broke out of the 3920–3965 Asian range late in Asia as the Democratic Congress sweep hit USD and yields. It has since spent London and the first hour of NY compressing between 4031.75 and 4051.50. The London lows near 4040 held repeatedly, and the 12:30 UTC push to the session high was rejected; RSI(14) sits neutral near 55 with price still above both EMAs.
Support: 4,039.60, 4,031.75, 4,021.30
Resistance: 4,051.50
What it said to watch
ADP at 13:15 UTC, then ISM Services at 15:00 UTC, could materially shift this read; ATR(14) near $9 understates event-bar ranges
A 15-min close above the 4051.50 session high breaks the London range
Failure to hold the 4031.75 session low exposes the 4021.30 london open pivot
A loss of 4021.30 puts the 38.2% retrace of the asia impulse fib near 4004, and $4,000, in focus
12:46 UTC
Uptrend, stalling in a range below 4,051 · RSI 53 · price 4,040.36
Post-breakout consolidation above rising lows.
Election-driven USD selling took gold through the 4,000 round number in late Asia, running from 3,957 to 4,028 into London open. London has since held a 4,021–4,051 range, with the London low at 4,021.31 and price above rising lows. The 12:30 UTC push to a 4,051.50 session high was rejected straight back into the range, with RSI(14) near 53 and ATR(14) around 780 pips ahead of NY.
What it said to watch
ADP at 13:15 UTC and ISM Services at 15:00 UTC could break the 4,021–4,051 range in either direction
An M15 close above the 4,051.50 session high would negate the 12:30 rejection and extend the uptrend
A break of the 4,031.75 swing low and the rising lows trendline would expose the London low at 4,021.31
Loss of the 4,000 round number, near the 38.2% fib of the asia-london leg, would unwind the breakout
Tight consolidation 4031.75–4049.50 above broken Asian range.
Gold broke the Asian range high near 3965 late in Asia as the Democratic Congress sweep hit the USD, then ran to a 4049.50 session high early in London. London has compressed into a range-floor 4039.60 / session-high 4049.50 band. The 4031.75 swing low at the London-NY transition recovered to the range top, and the rising support from the 4014.79 low remains intact with RSI(14) cooling to the high 60s.
Support: 4,039.60, 4,031.75, 4,020.00
Resistance: 4,049.50
What it said to watch
ADP at 13:15 UTC and ISM Services at 15:00 UTC are the likely catalysts for a break of the 4031.75–4049.50 consolidation
M15 close above the 4049.50 session high extends the breakout leg
Failure to hold the 4031.75 swing low and the rising support exposes the 4020 shelf low from the early-London pause
A fib retracement of the 3926.99–4049.50 leg beyond 38.2% (~4002.70) would reverse most of the London gains
London range 4039.6–4049.5 broken to the downside.
The election-driven squeeze from 3927 in Asia stalled at the 4049.5 session high. London then held a 4039.6–4049.5 range until the 12:00 UTC bar broke the range floor to a 4031.75 break low, putting price back under EMA20 with RSI(14) cooling from the rally. The 4026.8 swing low and the fib 23.6 near 4020.6 are the next shelf ahead of ADP.
Support: 4,031.75, 4,026.77, 4,020.60
Resistance: 4,039.60, 4,049.50
What it said to watch
A close back above the 4039.6 range floor turns the 12:00 UTC break into a false break
Failure to hold the 4031.75 break low and 4026.8 swing low exposes the fib 23.6 near 4020.6
Acceptance above the 4049.5 session high puts the 4050 round number in play
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
Post-breakout consolidation in a tight range below the session high.
Gold cleared the 4000 round number in late Asia as the Democratic Congress sweep hit USD and yields, and London extended the move to a 4049.50 session high. Price has since compressed into a 4039.60–4049.50 range for three hours. RSI(14) is cooling to around 63 and price is holding above ema20, with rising support from the 4019.75 swing low intact.
Support: 4,039.60, 4,019.75, 4,000.00
Resistance: 4,049.50
What it said to watch
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
M15 close above the 4049.50 session high breaks the range to the upside
Failure to hold the 4039.60 range low and the rising support exposes the 4019.75 swing low
Loss of the 4000 round number, also the 38.2% of the rally fib, would undo the breakout
Tight London range 4039.6–4049.5 after Asian breakout.
Gold ran from 3927 to the 4028 Asian high as the Democratic Congress sweep hit USD and yields. London cleared that high and stalled under 4050. Price has held a 4039.6 range low against a 4049.5 session high for about 2.5 hours, with three tests of the low absorbed and RSI(14) cooled to the low 60s.
Support: 4,039.60, 4,028.10, 4,020.44
Resistance: 4,049.50
What it said to watch
ADP at 13:15 UTC, then ISM Services at 15:00 UTC, could break the 4039.6–4049.5 range either way
M15 close above the 4049.5 session high and the 4050 psych level extends the uptrend leg
Failure at the 4039.6 range low exposes the 4028 Asian high, which a retest of the breakout would hold
Break below the 4020.44 swing low unwinds the London leg toward the 38.2% fib of the 3927–4049.5 rally
11:31 UTC
Uptrend, momentum cooling under the high · RSI 61 · price 4,041.73
Higher-low chain since London open; tight 4039.6–4049.5 range under the session high.
The post-election USD and yield slide drove gold from the 3927 Asia low through 4000 into London open. London printed a run of rising lows and is now compressing in a 4039.6–4049.5 range just under the 4049.5 session high and the 4050 handle. RSI(14) near 61 is cooling from the breakout leg.
Support: 4,039.60, 4,026.80, 4,014.80
Resistance: 4,049.50
What it said to watch
An M15 close below the 4039.6 range low breaks the rising lows line and exposes the 4026.8 swing low
Acceptance above the 4049.5 session high clears the 4050 handle and extends the higher-high chain
Loss of the 4014.8 london low brings the 38.2% rally fib near 4003 into view
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read; a strong beat is the main risk of a fade from 4050
Post-breakout tight range 4039.6–4049.5 through London session.
Gold broke out of the 3920–3965 Asian range from 05:30 UTC on the Democratic midterm sweep and USD/yield slide, adding about $120 to 4049.50. London session has since held a roughly $10 range below the 4050 handle. The session high was tested three times without a close above, RSI(14) cooled to the low 60s, and the range low at 4039.60 has held.
Support: 4,039.60, 4,026.77, 4,014.79
Resistance: 4,049.50
What it said to watch
M15 close above the 4049.50 session high and 4050 handle ends the range read
Failure to hold the 4039.60 range low exposes the 4026.80 swing low, then the 4014.80 pullback low near the 23.6% fib
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read, with ATR near $9 per bar
HH/HL chain intact; London coiling in a tight range below 4049.50.
The post-election USD and yield slide drove a breakout during the Asia session. Gold ran from the 3926.99 low to 4049.50, posting a clean higher-low sequence at 4014.79, the 4026.77 swing low and 4033.76. London has since compressed into a 4039.62 range low to 4049.50 range high box just under the $4,050 psych level, with RSI(14) cooling to ~66 and price riding the higher-low trendline.
Support: 4,039.62, 4,026.77, 4,014.79
Resistance: 4,049.50
What it said to watch
M15 close above the 4049.50 range high and $4,050 extends the breakout leg
Failure at the 4039.62 range low puts the 4026.77 swing low and higher-low trendline in play
A break below 4026.77 and the 4014.79 pullback low ends the HH/HL chain and exposes the Asia rally fib 38.2% near 4002.70
ADP 13:15 UTC and ISM Services 15:00 UTC could materially shift this read; a hot print risks a giveback of the Asia rally
HH/HL chain since the late-Asia breakout, now compressing under the session high.
Gold broke out in late Asia, clearing the 3950 cap and Tuesday's 3971 high as USD and yields fell on Democrats winning Congress. London extended the breakout to a 4049.50 session high, but three tops at 4048–4049.50 and a 4039.78 micro low show the advance compressing, with RSI(14) near 66 and ATR(14) about $8.60.
Support: 4,039.78, 4,032.70, 4,021.31
Resistance: 4,049.50
What it said to watch
M15 close above the 4049.50 session high and 4050 resumes the HH sequence
Close below the 4032.70 swing low breaks the HL chain; the 4021.31 london low and 4025 (23.6% of the asia breakout) sit next
Loss of the 4039.78 micro low turns the compression into a pullback
ADP 13:15 UTC and ISM Services 15:00 UTC could materially shift this read; a hot print revives USD and yields
HH/HL chain intact; tight 4041–4049.50 band below session high.
Gold cleared yesterday's 3971 high in late Asia as the Democratic sweep knocked USD and yields, then pushed through the 4028 asian high after London open to a 4049.50 session high. Price is now compressing in a 4041–4049.50 band just under the 4050 round number, RSI(14) near 66 with higher lows still intact.
Support: 4,041.00, 4,033.76, 4,028.10
Resistance: 4,049.50, 4,050.00
What it said to watch
M15 close below the 4041 range low exposes the 4033.76 swing low
Loss of the 4028 asian high would undo London's extension
Close above the 4049.50 session high and 4050 round number extends the HH chain
38.2% of the 3927–4049.50 rally fib sits at 4002.70 if the band breaks lower
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
HH/HL chain since 03:00 UTC; tight 4041–4049 consolidation under session high.
Gold cleared the 3,950 cap late in the Asia session as the Democratic Congress sweep knocked USD and yields lower. Price ran to a 4048.65 session high in early London. It is now compressing in a $7 band, with the 4041 intraday low tested three times and RSI(14) easing to about 67 from hotter readings.
Support: 4,041.00, 4,026.80, 4,014.80
Resistance: 4,048.65, 4,050.00
What it said to watch
M15 close below the 4041 intraday low exposes the 4026.8 swing low
Loss of the 4014.8 london low, near the 23.6% fib of the 3927–4049 leg, breaks the HL chain
Acceptance above the 4048.65 session high and the 4050 round number resumes the leg
ADP 13:15 UTC and ISM Services 15:00 UTC could materially shift this read
10:04 UTC
Uptrend, pausing under session high · RSI 68 · price 4,041.99
Higher-low chain since London open, Asian range broken to upside.
Gold cleared the Asian high at 3964.79 late in the Asia session as USD and yields fell on the Democratic midterm sweep. The breakout leg ran through 4000 and kept printing higher lows from the 4014.79 London low to a session high at 4048.65. Price is now holding just under that high on the rising trendline near 4041, with RSI(14) around 68.
Support: 4,041.02, 4,026.77, 4,014.79
Resistance: 4,048.65
What it said to watch
M15 close below 4041 breaks the rising trendline from the London low
Loss of the 4026.77 swing low ends the higher-low chain
A close above the 4048.65 session high extends the breakout leg
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read; strong prints risk a USD rebound
London extending above the Asian range high; HH/HL chain since London open.
Gold broke through the 3,950 cap during the Asia session as the Democratic sweep of Congress pushed USD and yields lower, and London has since cleared the Asian high at 4,028.10 to a session high of 4,048.65. Higher lows from the London low at 4,014.79 hold along trend support, with RSI(14) near 70, warm but normal for the move.
What it said to watch
Loss of the 4,041.02 micro low breaks the latest higher low on the chain
A close back below the 4,028.10 Asian high returns price inside the Asian range and weakens the breakout read
A close above the 4,048.65 session high and the 4,050 psych level extends the HH sequence
An M15 close below trend support turns the London structure into consolidation
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read; firm prints have been reviving Fed hike pricing
Higher highs and higher lows through Asia and London.
The Asia session broke above the 3,971 prior-day high as the Democratic sweep of Congress hit USD and yields. London extended the run to a 4,048.65 session high, clearing the $3,950 cap and the 4,000 psych level. RSI(14) is near 76, with London higher lows at 4,033 (london hl) and 4,015 (london low) intact two and a half hours into the session.
What it said to watch
ADP at 13:15 UTC and ISM Services at 15:00 UTC: strong prints could unwind the election-driven USD drop that powered this leg
An M15 close below the 4,033 london hl breaks the London higher-lows chain
Loss of the 4,015 london low exposes 4,000 psych and the 38.2% fib of the Asia-London leg near 4,002
Acceptance above the 4,048.65 session high keeps the higher-high sequence intact
09:16 UTC
Uptrend, extended into early London · RSI 76 · price 4,045.41
Higher-high / higher-low chain after the Asia range break.
Gold broke through the 3971 prior high and the 4000 psych level late in the Asia session. The move came as the Democratic sweep of Congress knocked the USD and yields lower. Early London extended the higher-low chain to a 4048.13 session high, just under the 4050 round number, with RSI(14) near 76, hot but not extreme.
Support: 4,026.77, 4,014.79, 4,000.00
Resistance: 4,048.13, 4,050.00
What it said to watch
M15 close below the 4026.77 swing low breaks the higher-low chain
Loss of the 4014.79 pullback low exposes the 4000 psych level and the 38.2% fib of the Asia-London leg near 4002
Session high 4048.13 and the 4050 round number are the area to watch for rejection or extension
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read; a strong print would test the post-election USD move
09:02 UTC
Strong uptrend, stalling near session high · RSI 76 · price 4,034.10
HH/HL chain since the 03:00 UTC low; tight 4027–4039 consolidation after the London open.
USD selling on the Democratic midterm sweep drove gold out of the Asian range at 05:30 UTC and through the 3971 prior-day high and $4,000 without a pause. The London open extended the move to a 4039.02 session high. Price is now holding a tight 4027–4039 band, with RSI(14) near 76 and the rally trendline from the 3926.99 low still intact.
Support: 4,026.77, 4,014.79, 3,996.20
Resistance: 4,039.02, 4,050.00
What it said to watch
M15 close below the 4026.77 swing low breaks the higher-low chain and the rally trendline
Loss of the 4014.79 london low exposes the fib 38.2 retracement near 3996
Close above the 4039.02 session high opens the path to the 4050 round number
ADP 13:15 UTC and ISM Services 15:00 UTC could materially shift this read
HH/HL chain after late-Asia breakout; tight 4015–4039 range in early London.
Gold cleared the 3,950–3,971 cap late in the Asia session after the Democratic sweep pushed USD and yields lower. It has extended to a 4039.02 session high in the first hour of London, with dips holding the 4014.79 double low and the 4021.31 London low. RSI(14) near 79 is stretched but not extreme for a trend leg this size.
Support: 4,021.31, 4,014.79, 4,000.00
Resistance: 4,039.02, 4,050.00
What it said to watch
M15 close below the 4021.31 london low exposes the 4014.79 double low, near the 23.6% fib of the Asia-London leg
Loss of 4014.79 opens the 4000 round number and the 38.2% fib near 3996
Close above the 4039.02 session high puts the 4050 psych level in play
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read during NY hours
08:31 UTC
Uptrend, extended after London breakout · RSI 74 · price 4,028.88
Higher highs and higher lows above the broken Asian range high.
Early London extended the Asia-session rally that followed the Democratic Congress sweep and lower USD/yields. Price cleared the 3,964.79 Asian range high and Tuesday's 3,971 prior high, then printed a 4,038.54 session high, so the digest's ~3,950 cap has already given way. Dips have held the 4,019.75 swing low and the 4,014.79 pullback low, with RSI(14) near 74 and ATR around 1,300 pips.
What it said to watch
An M15 close above the 4,038.54 session high opens the path to the 4,050 round number
Failure to hold the 4,014.79 pullback low breaks the higher-low chain; the 3,971 prior high sits near the 61.8% fib of the rally
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read during NY hours; a firm print revives the USD rebound
08:16 UTC
Strong uptrend, extended into London · RSI 79 · price 4,031.79
Asian range breakout, flag resolved higher, HH/HL chain intact.
Gold broke out of the 3919.95–3964.79 Asian range at 05:30 UTC as the Democratic Congress sweep hit USD and yields, clearing the prior 3971 high and the $4,000 round number. A tight 4014.79–4029 flag held a higher low at 4020.44, then resolved up into London open to a session high at 4038.54. RSI(14) near 79 is stretched after a roughly $110 leg.
Support: 4,020.44, 4,014.79, 4,000.00
Resistance: 4,038.54, 4,050.00
What it said to watch
Acceptance above the 4038.54 session high opens the 4050 psych level
A break of the 4020.44 higher low, then the 4014.79 flag low, would mark the first lower-low since the breakout
A slide back through the 4000 round number would put the breakout leg fib 38.2% near 3996 in play
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read. A firm print would revive USD and yields.
08:03 UTC
Uptrend, stalling at session high · RSI 70 · price 4,021.80
USD weakness on the Democratic Congress sweep drove an Asia-session leg from 3927 through Tuesday's 3971 prior high and the 4000 psych level, topping at a 4029.14 session high. At London open price is compressing between the 4014.79 intraday low and the session high, which has capped three tests while RSI(14) cools from the mid-80s to about 70.
Support: 4,014.79, 4,000.00, 3,971.01
Resistance: 4,029.14, 4,050.00
What it said to watch
M15 close above the 4029.14 session high extends the breakout toward the 4050 round number
Loss of the 4014.79 intraday low exposes 4000 psych and the fib 38.2% near 3990
Return below the 3971 prior high would mark the overnight move as a false break
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
07:46 UTC
Strong uptrend, pausing under session high · RSI 74 · price 4,026.03
HH/HL chain from the 3926.99 Asia low; tight consolidation below 4029.
The Asia session cleared yesterday's NY prior high at 3971 and the 4000 psych level as the Democratic sweep hit USD and yields. Price is now pausing just under the 4029.14 session high into London open, with a double pullback low at 4014.79 holding. RSI(14) near 74 is hot but not extreme.
Support: 4,014.79, 4,000.00, 3,971.01
Resistance: 4,029.14
What it said to watch
M15 close below the 4014.79 pullback low breaks the HH/HL chain and exposes psych 4000
Acceptance above the 4029.14 session high extends the Asia breakout
Loss of 4000 opens the 38.2% fib of the Asia rally near 3990 and the 3971 prior high
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
07:31 UTC
Uptrend, stalling near highs · RSI 77 · price 4,022.15
Late-Asia breakout to HH; tight pause under session high.
Late in the Asia session gold cleared the 3964.79 election spike and Tuesday's 3971 prior high, running to a 4029.14 session high as USD slid on the Democratic sweep. Into the London open the move is stalling above a 4014.79 swing low, with RSI(14) near 77 after peaking around 80.
Support: 4,014.79, 4,000.00, 3,971.01
Resistance: 4,029.14
What it said to watch
M15 close above the 4029.14 session high resumes the leg
Failure at the 4014.79 swing low breaks the HH/HL chain and exposes the 4000 round number and the 38.2% fib near 3992
A pullback to the 3971 prior high (61.8% fib zone) would be the breakout retest
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
HH/HL chain from the 3,927 swing low; tight pause under the 4,029 session high.
Gold climbed during the Asia session as the Democratic Congress sweep knocked USD and yields lower. Price cleared Tuesday's 3,971 prior high and the 4,000 round number on a roughly $100 leg from the 3,927 swing low. It is now pausing just under the 4,029 session high ahead of London open, with RSI(14) near 75 and the 4,011 pullback low holding.
What it said to watch
Break of the 4,011 pullback low ends the HH/HL chain; the Asia leg fib 38.2% sits near 3,990
Acceptance back below the 4,000 round number opens a retest of the 3,971 prior high
M15 close above the 4,029 session high extends the leg
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
Asia-session breakout above prior NY high, HH/HL chain intact.
Gold broke above Tuesday's 3971 NY prior high late in the Asia session as the Democratic sweep of Congress hit USD and yields. It cleared the 4000 round number to a 4029 session high, with RSI(14) near 84 and only one shallow dip to the 4010.94 pullback low along the way. The leg off the 3927 swing low is built on rising lows, and price sits well clear of the 3950 cap the digest flagged.
Support: 4,010.94, 4,000.00, 3,971.01
Resistance: 4,029.14, 4,050.00
What it said to watch
Loss of the 4010.94 pullback low would be the first lower low of the leg, with the 4000 round number next
Return below the 3971 prior high would turn the Asia breakout into a false break
Break of the rising lows trendline would end the HH/HL chain
Session high at 4029 and the 4050 psych level: areas to watch for rejection or extension into London open
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
USD selling on the Democratic congressional sweep drove a late-Asia breakout through the 3950 cap, yesterday's 3971 prior high and the 4000 round number. Price is stalling just below the 4022.36 session high. RSI(14) at 81 is stretched after a ~$95 leg from 3927, and the fib 38.2 of that leg sits near 3986.
Support: 4,000.00, 3,986.00, 3,971.00
Resistance: 4,022.36
What it said to watch
Failure to hold the 4000 round number exposes the fib 38.2 near 3986
An M15 close back below the 3971 prior high would mark a false break
An M15 close above the 4022 session high extends the HH chain into the London open
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
Higher lows since 3927, breakout above prior high.
The Asia session rally cleared the $3,950 cap and Tuesday's 3971 prior high as Democratic midterm gains hit USD and yields. Gold printed a 4021.74 session high and is holding above the 4000 round number into the London open. RSI(14) near 77 is stretched, with no divergence yet.
Support: 4,000.00, 3,971.00, 3,927.00
Resistance: 4,021.74
What it said to watch
A close back below the 4000 round number would put the breakout at risk of a false break
Failure to hold the 3971 prior high (near the 50% fib) negates the breakout read; the 38.2% fib sits near 3986
A break below the trendline from the 3927 swing low ends the higher-low chain
A clean extension through the 4021.74 session high keeps the higher-high sequence intact
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
06:16 UTC
Uptrend, accelerating · RSI 79 · price 4,007.29
Higher-low chain from the 3927 Asian low; breakout above Tuesday's 3971 high into 4000s.
Late in the Asia session, before the London open, gold ran from the 3957 break base through Tuesday's 3971 prior high and the 4000 psych level in two bars. The move came as the Democrats' Congress win knocked USD and yields lower. RSI(14) is near 79 after the vertical leg, and price is pinned just under the 4010 session high.
Support: 4,000.00, 3,971.01, 3,957.03
Resistance: 4,010.43
What it said to watch
Holding above the 4000 psych level keeps the breakout intact. A slip back below exposes the 3971 prior high and the 38.2% fib of the rally near 3979.
A close below the 3957 break base and the rising-lows trendline would mark the push as a false break.
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read.
Late-Asia breakout above prior high and 4000; higher-low chain intact.
Late in the Asia session, gold cleared yesterday's 3971 prior high and the 4000 round number as Democratic midterm gains knocked USD and yields lower. Two $25+ bars printed a 4009.57 session high, and RSI(14) is near 78. The higher-low chain off the 3945.75 swing low remains intact.
Support: 4,000.00, 3,971.01, 3,945.75
Resistance: 4,009.57
What it said to watch
London open: holding above the 4000 round number keeps the breakout read; a close back below the 3971 prior high marks a false break
Fib retracement of the 3919.95–4009.57 Asia leg: 50% at ~3965 lines up with the early-Asia high
M15 close below the 3945.75 swing low breaks the Asia trendline and the higher-low sequence
Session high 4009.57 is the next area to watch for rejection or extension
ADP 13:15 UTC and ISM Services 15:00 UTC could materially shift this read
05:46 UTC
Uptrend, impulsive leg extending · RSI 71 · price 3,983.16
HH/HL chain through Asia, breakout above prior-day high.
Late in the Asia session, gold cleared yesterday's 3971 prior high on midterm-driven USD and yield weakness. A single $33 bar printed a 3989.93 session high, extending the higher-low chain from the 3920 Asia low. RSI(14) near 71 is hot but not extreme, and the break base at 3957 lines up with the 50% fib of the 3927–3990 leg.
Support: 3,971.01, 3,957.03, 3,945.75
Resistance: 3,989.93, 4,000.00
What it said to watch
Holding above the 3971 prior high keeps the breakout intact; a return below reopens the 3957 break base and the 38.2–50% fib zone
M15 close below the 3945.75 higher low and the rising lows line ends the HH/HL chain
Acceptance above the 3989.93 session high exposes 4000 psych into London open
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
05:32 UTC
Intraday uptrend, pressing Asian high · RSI 63 · price 3,960.49
Higher-low chain since 03:00 UTC, testing 3964.79 asian high.
Asia spiked from 3920 to the 3964.79 asian high as USD slipped on the Democratic House result. The pullback held a 3927 swing low, and rising lows since then have lifted price back to 3960 in late Asia. The prior high at 3971.01 from the NY session sits just above.
Support: 3,947.40, 3,927.00
Resistance: 3,964.79, 3,971.01
What it said to watch
M15 close above the 3964.79 asian high opens the 3971.01 prior high
Break of the rising lows and the 3947.4 higher low would stall the chain, with the 3927 swing low back in focus
London open around 08:00 UTC is the first test of the Asian range
ADP 13:15 UTC and ISM Services 15:00 UTC could materially shift this read
05:17 UTC
Intraday recovery, higher lows beneath Asian high · RSI 54 · price 3,948.16
Higher lows from 3926.99 against a lower high at 3957.45, range compressing.
Late Asia session: the Democratic House win knocked DXY lower and lifted gold from 3919.95 to the 3964.79 Asian high, and the retrace held a 3926.99 pullback low. Higher lows have since stepped up along a rising trendline through 3937.87 and the 3945.75 swing low. Rejection at the 3957.45 lower high, inside the 3943–3954 cap zone from the digest, leaves price coiling mid-range of the Asian swing with RSI(14) neutral near 54.
Support: 3,945.75, 3,937.87, 3,926.99
Resistance: 3,957.45, 3,964.79, 3,971.01
What it said to watch
M15 close above the 3957.45 lower high reopens the 3964.79 asian high and the 3971.01 prior high
Loss of the 3945.75 swing low and the rising trendline puts the 3937.87 higher low and 3926.99 pullback low back in play
London open is the first test of the Asian range; a break of either extreme shifts the consolidation read
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read via yields and Fed hike odds
05:03 UTC
Short-term recovery, higher lows under Asian high · RSI 62 · price 3,951.99
Rising lows compressing inside 3920–3965 Asian range.
Early midterm tallies knocked the USD in Asia and lifted gold from the 3919.95 asian low to 3964.79. A deep pullback held the 3926.99 swing low, and the rising-lows chain since then (latest higher low 3937.87) has pressed price to 3952 in late Asia. Price is now inside the 3943–3954 rebound cap zone flagged in the digest, just under the 3957.45 lower high, with RSI(14) near 62 and both EMAs below price.
Support: 3,937.87, 3,926.99, 3,919.95
Resistance: 3,957.45, 3,964.79, 3,971.01
What it said to watch
M15 close above the 3964.79 asian high breaks the Asian range and puts the 3971.01 prior high from yesterday's NY spike in play
Failure to hold the 3937.87 higher low (near the 61.8% of the asian leg) breaks the rising lows and exposes the 3926.99 swing low
Rejection at the 3957.45 lower high would keep price capped inside the 3943–3954 zone
ADP 13:15 UTC and ISM Services 15:00 UTC could materially shift this read; Senate calls in the midterms add headline risk
Lower highs and higher lows contracting inside the Asian range.
Gold spiked during the Asia session from the 3920 Asian low to the 3965 Asian high as early midterm tallies knocked USD and yields, then faded. The move stopped short of Tuesday's NY prior high at 3971. Price has since compressed between a 3951 lower high and higher lows at 3927 (swing low) and 3938, with the 78.6% retrace of the Asia spike holding. Late Asia trades mid-range near 3948, RSI(14) neutral around 53, ahead of London open.
Support: 3,937.87, 3,926.99, 3,919.95
Resistance: 3,950.85, 3,964.79, 3,971.01
What it said to watch
M15 close above the 3951 lower high breaks the compression and reopens the 3965 Asian high, with the 3971 prior high above
Loss of the 3938 higher low, then the 3927 swing low, returns price toward the 3920 Asian low
Senate race calls through London could reprice USD and resolve the compression
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
Lower highs against higher lows, Asian range compressing.
Late Asia session. Early midterm tallies knocked USD lower and lifted gold to a 3964.79 Asian high, but that spike faded, and the 04:00 UTC push met rejection at the 3950.85 spike high, extending the lower-high sequence. Demand has held the 3933 range floor and the 3927 swing low, leaving price coiled near 3940 with RSI(14) at 54.
Support: 3,933.00, 3,926.99, 3,919.95
Resistance: 3,950.85, 3,964.79, 3,971.01
What it said to watch
M15 close below the 3933 range floor and the 3927 swing low exposes the 3920 Asian low
M15 close above the 3951 spike high breaks the lower highs and puts the 3965 Asian high and 3971 prior high back in play
Senate race calls into the London open could move USD and gold sharply; ADP at 13:15 UTC and ISM Services at 15:00 UTC follow later
04:16 UTC
Choppy recovery, range contracting · RSI 58 · price 3,947.86
Higher lows vs lower highs, coiling under 3950.
Late Asia session: gold spiked from the 3,920 asian low to 3,964.79 as early midterm tallies hit USD and yields, gave back most of the leg to a 3,927 higher low, then the 04:00 UTC bar lifted price back to the psych 3950 level. Structure is coiling: higher lows from the 3,917.56 ny low run against lower highs from the 3,971 prior high, with RSI(14) near 58 and ATR around $10.8.
What it said to watch
M15 close above psych 3950 and the lower-highs line reopens the 3,964.79 asian high and the 3,971 prior high
Break of the 3,927 higher low snaps the higher-lows chain and exposes the 3,920 asian low and 3,917.56 ny low
Senate race calls through Asia/London could shift USD sharply; ADP (13:15 UTC) and ISM Services (15:00 UTC) later today are the next data risk
Lower high below 3971, late-Asia compression 3927–3942.
Asia spiked from the 3919.95 Asian low to a 3964.79 Asian high as early midterm tallies knocked the USD. The move stalled short of Tuesday's 3971 prior high, a second lower high, and has since given back past the 61.8% fib. Late Asia is now compressing between the 3927 swing low and a 3942 range top, with RSI(14) neutral near 49.
Support: 3,927.00, 3,919.95
Resistance: 3,942.00, 3,964.79, 3,971.01
What it said to watch
M15 close below the 3927 swing low exposes the 3919.95 Asian low and a full retrace of the spike
M15 close above the 3942 range top reopens the 3964.79 Asian high, with the lower highs line from 3971 sitting just above
ADP (13:15 UTC) and ISM Services (15:00 UTC) could materially shift this read
Midterm Senate calls are a live volatility source through the session
Lower highs from the Asian high compressing above 3927.
Gold spiked from the 3920 asian low to a 3965 asian high early in the Asia session as early midterm tallies knocked USD and yields lower. The move was rejected short of the prior high at 3971. Price has since faded to the 61.8% retracement near 3937, sitting on EMA20, with each bounce putting in a lower high under 3945 and the intraday low at 3927 holding.
Support: 3,926.99, 3,919.95
Resistance: 3,964.79, 3,971.01
What it said to watch
M15 close below the 3927 intraday low exposes the 3920 asian low and undoes most of the election spike
Close above the 3945 lower high breaks the compression and brings the 3965 asian high, then the 3971 prior high, back into view
Senate control calls in Asia can swing USD and gold sharply; ADP at 13:15 UTC and ISM Services at 15:00 UTC are the next scheduled risk
03:32 UTC
Range-bound after a faded Asian spike · RSI 55 · price 3,938.23
Lower highs off 3964.79, compressing 3927–3942.
Late Asia session. The midterm-driven USD dip lifted gold to a 3964.79 asian high at 01:30 UTC, but the spike was fully rejected and price has rotated back to the 61.8% fib near 3937. It is now compressing between the 3927 swing low and the 3942 range top, with RSI(14) neutral near 55, still inside Tuesday's 3895.50 tuesday low to 3971.01 tuesday high range.
Support: 3,926.99, 3,919.95, 3,895.50
Resistance: 3,942.47, 3,964.79, 3,971.01
What it said to watch
M15 close above the 3942 range top reopens the 3964.79 asian high, with the 3971.01 tuesday high beyond it
Failure to hold the 3927 swing low exposes the 3919.95 asian low, then the 3895.50 tuesday low
Senate control calls from the US midterms could materially shift this read during the London open
ADP (13:15 UTC) and ISM Services (15:00 UTC) later today are the next scheduled volatility source
Asia spike to 3964.79 fully faded; lower high vs 3971, holding above 3920.
Early midterm tallies knocked the dollar during Asia and lifted gold from the 3920 asian low to a 3964.79 session high. Price was rejected there, a lower high against Tuesday's 3971 spike, and has retraced to the 61.8% fib near 3937. The 3927 swing low held at 03:00 UTC, so price is mid-range around a flat EMA20 with RSI(14) neutral near 50.
Support: 3,927.00, 3,920.00
Resistance: 3,950.00, 3,964.79
What it said to watch
M15 close below the 3927 swing low exposes the 3920 asian low, the floor of the session range
Reclaim of the 3950 round number reopens the 3964.79 session high and the lower-high trendline
Further House/Senate calls during Asia can trigger more ~$10–20 spikes; ADP (13:15 UTC) and ISM Services (15:00 UTC) later today are the next scheduled risk
03:03 UTC
Two-way, lower highs off Tuesday NY peak · RSI 48 · price 3,934.14
Asian spike rejected below prior high, pullback through 61.8% fib.
Late Asia session: early midterm tallies knocked the dollar and lifted gold from the 3919.95 Asian low to a 3964.79 session high. The move stalled below Tuesday's 3971.01 prior high, extending a run of lower highs, and has since retraced through the 61.8% fib of the Asia spike to a 3933.87 swing low. Price sits just under the EMAs with RSI(14) near 48.
Support: 3,933.87, 3,919.95, 3,895.50
Resistance: 3,942.37, 3,964.79, 3,971.01
What it said to watch
Failure to hold the 3933.87 swing low exposes the 3919.95 asian low
Reclaim of the fib 50% at 3942.37 reopens the 3964.79 session high
15-minute close above the lower highs trendline from 3971/3964.8 breaks the descending sequence
Break of the 3895.5 tuesday low confirms a lower-low on this window
House/Senate calls through Asia and ADP at 13:15 UTC could materially shift this read
Asia range 3920–3965 established; price back mid-range after rejection below NY high.
Mid-Asia, gold spiked to the 3964.79 Asia high as early midterm tallies knocked the USD, but stalled under yesterday's 3971 NY high and has retraced to the 61.8% fib of the Asia leg near 3937. Lower highs are stepping down to 3944, with the 3929 swing low and 3920 Asia low beneath; RSI(14) is neutral at 51.
Support: 3,929.10, 3,919.95
Resistance: 3,944.23, 3,964.79, 3,971.01
What it said to watch
M15 close above the 3944 lower high reopens the 3964.8 Asia high and 3971 NY high
Failure to hold the 3929 swing low exposes the 3920 Asia low and the 3918 NY-session base
Midterm House/Senate calls during Asia and the London open could reprice the USD and shift this read
Lower high at 3964.79 under 3971, retracing toward the Asia base.
Early midterm tallies pushed USD lower and gold spiked to an asian high of 3964.79, short of yesterday's 3971 prior high after the JOLTS beat sank the NY session to 3923. The spike has since given back about 63% of the move, and price is sitting on EMA20 near 3937 with the 3924 spike base and 3920 asian low below.
Support: 3,924.15, 3,919.95
Resistance: 3,942.47, 3,964.79, 3,971.01
What it said to watch
M15 close below the 3920 asian low breaks the Asia structure and exposes the 3895 Tuesday low
Reclaim of the 3942 asia pivot puts the 3965 asian high and lower-high trendline back in play
Clearance of the 3971 prior high invalidates the lower-high read
Midterm result headlines, then ADP 13:15 UTC and ISM Services 15:00 UTC, could materially shift this read
02:17 UTC
Spike faded, back to mid-range · RSI 53 · price 3,937.12
Asia rejection below 3964.79 session high; lower high vs 3971.01, holding 61.8% fib.
Midterm tallies knocked the USD in early Asia and lifted gold from the 3919.95 asian low to a 3964.79 session high. The rally was rejected below Tuesday's 3971.01 prior high, leaving a lower high, and price has faded to the 61.8% fib near 3937. RSI(14) is at 53 and price is sitting on EMA20, inside the 3917–3971 range.
Support: 3,919.95, 3,895.50
Resistance: 3,950.00, 3,964.79, 3,971.01
What it said to watch
A close back above the 3950 psych level reopens the 3964.79 session high. The lower-high read holds while price stays below the 3971.01 prior high.
Losing the 61.8% fib and then the 3919.95 asian low would fully unwind the midterm spike and expose the 3895.5 tuesday low.
Midterm results are still being called through London. ADP is due at 13:15 UTC and ISM Services at 15:00 UTC later today.
Asian range breakout, now in a pullback after a rejection near 3965.
Early midterm tallies knocked the USD lower in the Asia session. Gold broke above the 3927–3940 opening range top after a dip to a 3919.95 session low, then ran to a 3964.79 session high, short of Tuesday's 3971 prior high spike. Price was rejected there and has retraced to the 38.2% fib, just under the 3950 round number. A swing low at 3946.37 is holding for now, with RSI(14) near 60 and ATR around 1050 pips.
Support: 3,946.37, 3,940.47, 3,919.95
Resistance: 3,950.00, 3,964.79, 3,971.01
What it said to watch
A break below the 3946.37 swing low opens the 50–61.8% fib zone at 3942–3937 and a retest of the 3940 range top
An M15 close back inside the old range below 3940 would turn the breakout into a false break and expose the 3919.95 session low
A close above the 3950 round number and then the 3964.79 session high puts the 3971 prior high back in play
Midterm House and Senate calls through the session could materially shift this read
ADP at 13:15 UTC and ISM Services at 15:00 UTC are the next rates impulse
Breakout above the 3920–3940 overnight range, higher low at 3920 intact.
Early Asia broke the 3920–3940 overnight range top as midterm results landed, running to a 3964.79 session high just shy of Tuesday's 3971 NY prior high; RSI(14) near 68 is warm but not stretched. The 3950 round number has held the first pullback, and the higher lows at 3917–3920 keep the session low intact. The 38.2–61.8% retracement band of the session rally sits around 3948–3937.
Support: 3,950.00, 3,940.00, 3,919.95
Resistance: 3,964.79, 3,971.01
What it said to watch
M15 close back below the 3940 range top would turn the breakout into a false break
Break above the 3971 prior high clears Tuesday's NY spike
Loss of the 3920 session low breaks the higher-lows line
Senate race calls, then ADP (13:15 UTC) and ISM Services (15:00 UTC), could materially shift this read
01:31 UTC
Intraday uptrend, impulsive Asia leg · RSI 72 · price 3,956.37
Asia break above Tuesday's 3917–3940 late-NY range, higher low at 3919.95.
Early in the Asia session, gold dipped to a 3919.95 session low, then broke out of Tuesday's 3917–3940 late-NY range. It ran to a 3960.39 session high as US midterm results landed, and RSI(14) is near 72. Price is holding above the 3950 psych level, and the 3971.01 Tuesday high from the NY spike is the next reference above.
Support: 3,950.00, 3,940.47, 3,919.95
Resistance: 3,960.39, 3,971.01
What it said to watch
A close above the 3960.39 session high opens a retest of the 3971.01 Tuesday high
A slip back below the 3950 psych level puts the 3940.47 breakout lvl in focus as the retest area
Loss of the 3919.95 session low breaks the higher-low trendline and negates the range break
Senate race calls through Asia/Europe could materially shift this read; ADP (13:15 UTC) and ISM Services (15:00 UTC) follow later Wednesday
01:03 UTC
Sideways after NY spike fully faded · RSI 55 · price 3,930.36
Asian range 3920–3940 forming inside Tuesday's 3895–3971 span.
Tuesday's NY spike to the 3971 spike high faded back toward 3920 on the JOLTS beat and higher yields. Asia is now holding a 3920–3940 range as midterm results land: supply capped the 3940 asian high four times, and demand absorbed the probe to the 3920 asian low. Price sits between the 50% and 61.8% of the NY spike fib, RSI(14) neutral near 55, with EMA20/50 flat underfoot.
Support: 3,919.95, 3,917.56, 3,895.50
Resistance: 3,940.47, 3,950.00, 3,971.01
What it said to watch
M15 close below the 3917.56 swing low breaks the Asian range and exposes the 3895.5 day low
M15 close above the 3940.47 asian high opens the 3950 round number, then the 3971 spike high
Midterm results through Asia, then ADP (13:15 UTC) and ISM Services (15:00 UTC) Wed could materially shift this read
00:47 UTC
Post-spike range, lower highs since NY peak · RSI 47 · price 3,925.06
3917–3940 range below 3971 Tuesday high, early Asia rejection at range top.
Early Wednesday Asia session was rejected at the 3940.47 Asia high and slid to 3919.95. That keeps gold inside the 3917–3940 range that has held since the JOLTS beat reversed the 3971 Tuesday NY high. Price sits below the EMA20 near 3929 and at the 61.8% retrace of the Tuesday rally fib, with RSI(14) neutral near 46 as midterm results land.
Support: 3,919.95, 3,917.56, 3,895.50
Resistance: 3,928.80, 3,940.47, 3,971.01
What it said to watch
A break below the 3917.56 NY low and 3919.95 Asia low exits the range and opens the 3895.5 Tuesday low
Reclaiming the 3929 EMA20 and closing above the 3940.47 Asia high breaks the lower-high sequence from the 3971 Tuesday NY high
Midterm Senate calls through Asia and Europe, then ADP at 13:15 UTC and ISM Services at 15:00 UTC, could materially shift this read
Lower highs from 3971; Asia higher lows off 3917.56, capped near 3940.
Tuesday's midday spike to 3971 fully unwound, and the JOLTS beat at 15:00 UTC extended the slide to a 3917.56 ny low. Asia session is bouncing off that low with higher lows, but the 3940.47 asian high has rejected twice near the 38.2% fib, while the 3926.7 asian low is holding.
Support: 3,926.70, 3,917.56
Resistance: 3,940.47, 3,950.00
What it said to watch
M15 close above the 3940.47 asian high opens the 3950 prior cap (50% fib near 3944)
Break of the 3926.7 asian low voids the higher lows and exposes the 3917.56 ny low
Midterm results landing during Asia could jolt the range; ADP 13:15 UTC is the next scheduled risk
00:03 UTC
Down from the 3971 NY high, bouncing in early Asia · RSI 65 · price 3,939.02
Higher low at 3926.7 above the 3917.56 NY low; price pressing the 3940 reopen high.
NY swept above the Asian high to a 3971.01 NY high, then reversed after the JOLTS beat and slid to a 3917.56 NY low. Since the reopen, gold has lifted about $10 as midterm results start to land. It is now pressing the 3940.47 reopen high at the 38.2% retrace, with the 3949 JOLTS shelf above.
Support: 3,926.70, 3,917.56, 3,895.50
Resistance: 3,940.47, 3,949.30, 3,971.01
What it said to watch
M15 close above 3940.47 reopen high exposes the 3949 jolts shelf and 50% retrace near 3944
Failure to hold 3926.7 reopen low returns focus to the 3917.56 NY low, then the 3895.5 london low
Senate control call during the Asia session could materially shift this read
ADP 13:15 UTC and ISM Services 15:00 UTC later Wednesday are the next scheduled volatility events