XAU/USD AI Live Scan, 1-hour chart, Friday, 6 November 2026

Every read JAFX AI made on the XAU/USD 1-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.

20:05 UTC

Weekly uptrend, correcting from Thursday high · RSI 48 · price 4,062.73

Lower highs since 4,146.9 week high; pullback holding 38.2–50% fib.

The week is defined by the impulse from Tuesday's 3,895.5 low to Thursday's 4,146.9 week high. That move was driven by the midterm-result surge in Wednesday's Asia session and Thursday's equity sell-off. Since then H1 has printed lower highs at 4,138, the 4,106.9 Friday high and the 4,077.6 lower high, and the blowout NFP knocked price to a 4,027.5 NFP low near the 50% retracement before a rejection and NY-session rebound back above the 38.2% fib at 4,050.9. Price sits just below EMA(20) near 4,067 and the EMA(50), with RSI(14) flat around 48.

What it said to watch

  • H1 close above the 4,077.6 lower high and the Friday lower-highs trendline would break the post-Thursday sequence and expose the 4,106.9 Friday high, then the 4,146.9 week high
  • Failure to hold the 38.2% fib at 4,050.9 and the rising trendline near 4,040 brings the 4,027.5 NFP low and the 4,000 round number into view
  • US CPI Tue Nov 10 13:30 UTC, preceded by Fed's Bowman, Goolsbee and Barkin on Monday, could materially shift this read

19:04 UTC

Weekly uptrend, corrective pullback from 4146.92 · RSI 58 · price 4,077.79

Lower highs off Thursday's peak; post-NFP low defended.

Tuesday's London-session low at 3895.50 launched a ~250-dollar rally on the post-election USD slide. That rally peaked at the 4146.92 week high in Thursday's Asia session, and H1 has since printed lower highs and pulled back toward the 50% retracement of the week rally. The hot NFP print knocked gold to the 4027.52 NFP low in the first hour of NY, but that false break below the Asian low was bought back; price now sits above the EMA cluster near 4066 with RSI(14) near 58, retesting the 4081.20 London high.

Support: 4,066.00, 4,027.52, 4,000.00

Resistance: 4,081.20, 4,128.06, 4,146.92

What it said to watch

  • H1 close above the 4081.20 London high and the lower-highs line near 4089 would break the pullback sequence from 4146.92, bringing the 4128.06 Thursday NY high (thu ny high) into view
  • Loss of the EMA cluster near 4066 returns focus to the 4027.52 NFP low; below that sits the 4000 round number and the 61.8% week rally fib near 3991
  • US CPI Tue Nov 10 13:30 UTC, preceded by Bowman, Goolsbee and Barkin on Monday, could materially shift this read; weekend gap risk applies into Monday's open

18:06 UTC

Uptrend from Tuesday's low, correcting off the week high · RSI 47 · price 4,060.84

Lower highs since Thursday's 4146.92 peak; Tuesday-to-Friday higher low held at 4027.5.

The week's two largest legs printed in Asia hours: Wednesday's midterm-driven break through 4000 and Thursday's push to the 4146.92 week high, which extended the rally off Tuesday's 3895.5 low. Since that peak H1 has carved lower highs, and the NFP beat drove a flush during NY hours to the 4027.5 nfp low, a retest of the weekly rising line just above the 50% retracement. Price has recovered to sit above the 38.2% fib, squeezed between EMA(20) near 4065 and EMA(50) near 4059, with RSI(14) neutral at ~47 and the post-nfp high at 4068.4 capping the bounce.

Support: 4,027.50, 4,000.00

Resistance: 4,068.40, 4,081.20, 4,146.90

What it said to watch

  • H1 close below the 4027.5 nfp low breaks the weekly rising line and exposes the 50% fib near 4021 and the 4000 psych level
  • Recovery above the 4068.4 post-nfp high and the 4081.2 london high would end Friday's lower-high sequence
  • Fed's Daly at 18:00 UTC and Fed speakers Monday could shift this read; US CPI Tue 13:30 UTC is the larger event risk

17:04 UTC

Pullback within the weekly up-move, momentum recovering · RSI 54 · price 4,065.00

Lower highs from the week high; NFP low held near the 50% retracement.

The week is defined by Wednesday's post-midterm impulse from 3917.56 to Thursday's 4146.92 week high. Since then Thursday and Friday have traced lower highs and lower lows. The hot NFP print (165K vs 65K f/c) drove a flush in the first hour of NY to the 4027.52 nfp low, just under the 50% retracement of Wednesday's impulse (~4032), but price recovered to 4065 and is now closing back on the ema20 and the descending lower-highs line, with the 4070 wed high and the 4081.20 friday high overhead. RSI(14) has rebuilt into the mid-50s from sub-40 readings at Friday's lows, while price stays below EMA(50).

Support: 4,062.00, 4,027.52, 4,000.00

Resistance: 4,070.46, 4,081.20, 4,146.92

What it said to watch

  • H1 close above the 4081.20 friday high breaks the lower-highs sequence from the 4146.92 week high
  • Failure to hold the ema20 near 4062 returns price to the lower-highs pullback
  • Loss of the 4027.52 nfp low exposes the 61.8% retracement near 4005 and the 4000 round number
  • Fed's Bowman (17:15 UTC) and Daly (18:00 UTC) could shift the read into the NY close; US CPI Tue 13:30 UTC is the next major catalyst

16:04 UTC

Pullback from Thursday high, lower highs intact · RSI 41 · price 4,055.45

Lower highs and lower lows since 4146.92 peak, holding the 38.2% retracement.

Gold based between 3895 and 3971 through Monday and Tuesday. The Democratic midterm sweep sank the USD and drove Wednesday's breakout, which peaked at 4146.92 in Thursday's Asia session. Since then each bounce has stalled lower, from the 4128.06 lower high to Friday's 4081.2 London high, and price is back below EMA(20) near 4067 and EMA(50) near 4060, sitting on the 38.2% fib around 4051. The hot NFP and wages print drove a NY-session false break to the 4027.52 nfp low, and that drop has since been bought back toward 4055, while RSI(14) near 41 sits mid-range rather than oversold.

Support: 4,027.52, 4,000.00, 3,971.00

Resistance: 4,067.00, 4,081.20, 4,128.06

What it said to watch

  • H1 close above the lower-highs trendline, EMA(20) at 4067 and the 4081.2 london high would break the pullback sequence
  • Failure to hold the 4027.52 nfp low exposes the 50% fib near 4021 and the 4000 psych level
  • A move through 4000 puts Wednesday's 3971 breakout level and the 61.8% fib near 3992 in play
  • Fed's Bowman (17:15 UTC) and Daly (18:00 UTC) today; Tuesday's US CPI is the larger catalyst for this read

15:04 UTC

Pullback from week high, lower highs since Thursday · RSI 43 · price 4,049.81

Lower highs and lower lows off 4146.9, testing 38.2% fib of week rally.

Wednesday's post-midterm rally broke through 4000 in the Asia session and topped at the 4146.9 week high early Thursday. H1 has printed lower highs since Thursday's NY-session sell-off, and the descending trendline plus ema20 (~4067) capped Friday's 4081.2 london high. The hot 165K NFP print knocked price to a 4027.5 nfp low before a bounce back to the 38.2% fib of the week's 3895–4147 rally near 4050, with price below both EMAs, RSI(14) near 43 and ema20 rolling toward ema50 (~4060).

Support: 4,027.50, 4,021.20, 4,000.00

Resistance: 4,081.20, 4,146.90

What it said to watch

  • Hourly close below the 4027.5 nfp low extends the lower-low sequence toward the 50% fib at 4021 and the 4000 round number
  • Close above the ema20 and descending trendline near 4067, then the 4081.2 london high, breaks the lower-high sequence
  • Only a return above the 4146.9 week high would restore the week's uptrend read
  • UoM sentiment and inflation expectations (15:00 GMT), then Fed's Bowman 17:15 and Daly 18:00 GMT, could materially shift this read

14:05 UTC

Week uptrend in correction, lower highs since Thursday · RSI 36 · price 4,046.49

Lower highs and lower lows off 4146.92, holding near the 50% fib.

Wednesday's Asia-session midterm impulse ran from 3917 to the 4146.92 week high. Since Thursday it has given way to a sequence of lower highs, and price now sits below EMA(20) near 4069 with RSI(14) at 36. London's Friday rebound was capped at the 4081 Friday high on the lower-highs trendline. The hot NFP print (165K vs 65K, firmer wages) then drove a drop to the 4027.52 NFP low in the first hour of NY, briefly undercutting the Asian low near 4036 and the 50% fib of the week's rally at 4032 before a bounce to 4046.

Support: 4,027.52, 4,000.00, 3,971.01

Resistance: 4,069.00, 4,081.20, 4,146.92

What it said to watch

  • H1 close below the 4027.52 NFP low extends the lower-low sequence toward the 4000 round number and the 61.8% fib of the week's rally near 4005
  • Loss of 4000 exposes Tuesday's high at 3971 as the next structural shelf
  • H1 close back above EMA(20) near 4069 and the 4081 Friday high breaks the lower-highs trendline
  • A move back through the 4146.92 week high would restore the week's higher-high sequence
  • UoM sentiment and inflation expectations at 15:00 GMT, then Fed's Bowman (17:15) and Daly (18:00), could materially shift this read

13:04 UTC

Corrective pullback inside the week's advance, lower highs since Thursday · RSI 44 · price 4,065.69

Lower highs and lower lows off the 4146.92 week high, holding above the 50% retracement.

The post-midterm rally that started in the Wednesday session carried gold from the 3919.95 wed low to a 4146.92 week high in Thursday's early hours. It has since printed a sequence of lower highs as the USD rebounded on haven flows and positions were squared ahead of NFP. Friday's low at 4035.81 held near the 50% retracement of that impulse. The bounce stalled at 4081.20 and was rejected just above EMA(20), now near 4073, with RSI(14) back in the low 40s.

Support: 4,035.81, 4,000.00, 3,919.95

Resistance: 4,073.00, 4,081.20, 4,146.92

What it said to watch

  • US NFP at 13:30 GMT (f/c 65K) could materially shift this read; a hot print adds pressure on the friday low
  • H1 close below the 4035.81 friday low extends the lower-low sequence toward the 4000 round number and the 61.8% retracement near 4007
  • H1 close above EMA(20) and the 4081.20 bounce high breaks the lower-highs trendline and puts the 4146.92 week high back in view
  • Loss of the 4000 round number exposes the 3919.95 wed low, the origin of this week's rally

12:04 UTC

Corrective pullback within this week's rally · RSI 41 · price 4,059.86

Lower highs and lows since Thursday's peak, holding above the 50% fib.

Gold's midterm-driven impulse off Wednesday's 3919.95 base topped at the 4146.92 week high in Thursday's Asia session. The correction since has printed a sequence of lower highs: NY selling Thursday and an Asia slide Friday reached the 4035.81 friday low, just above the 50% fib of the impulse. London's bounce met rejection at the 4081.20 friday high, just above EMA(20) near 4074, and price now sits on the 38.2% fib around 4060 with RSI(14) near 41 as a firmer USD caps recoveries into NFP.

Support: 4,035.81, 4,006.65

Resistance: 4,081.20, 4,106.87, 4,146.92

What it said to watch

  • US NFP, AHE and unemployment at 13:30 GMT could materially shift this read
  • H1 close above the lower highs trendline and the 4081.20 friday high breaks the corrective sequence, with the 4106.87 lower high next
  • Failure to hold the 4035.81 friday low exposes the 61.8% fib at 4006.65 and the 4000 round number
  • Recovery through the 4106.87 lower high puts the 4146.92 week high back in view

11:05 UTC

Uptrend on the week, correcting lower since Thursday · RSI 46 · price 4,065.08

Lower highs off 4146.9 week high; pullback inside 38.2–50% fib.

Wednesday's Asia-session break above the 3970 Monday/Tuesday highs, on the USD slide after the Democratic midterm sweep, carried gold to a 4146.9 week high early Thursday. Since then H1 has printed lower highs: Thursday's NY whipsaw from 4076 to 4128, then a Friday Asia slide to the 4035.8 friday low, between the 38.2% and 50% fib of the 3895–4147 leg. London's rebound met rejection at the 4081.2 london high under the lower highs trendline, leaving price pinned between ema20 (4073) and ema50 (4062) with RSI(14) near 46.

Support: 4,061.70, 4,035.80, 4,000.00

Resistance: 4,073.20, 4,081.20, 4,146.90

What it said to watch

  • US NFP at 13:30 UTC (f/c 65K) and AHE (f/c 0.3%) could materially shift this read, with a strong print raising pressure on ema50 and the friday low
  • H1 close above the lower highs trendline, ema20 and the 4081.2 london high breaks the sequence of lower highs from the week high
  • Failure to hold the 4035.8 friday low confirms a lower-low and exposes the 50% fib near 4021, then 4000 psych
  • UoM sentiment and inflation expectations at 15:00 UTC are a second event risk inside the NY session

10:05 UTC

Uptrend, correcting from week high · RSI 45 · price 4,072.55

Lower highs since the 4146.92 peak; pullback held between the 38.2% and 50% fib.

The week's dominant leg came late in Wednesday's Asia session. The Democratic midterm sweep hit USD and yields and lifted gold from the 3,920s through 4,000 to a 4146.92 week high early Thursday. Since then the USD rebound has carved lower highs at 4128 and 4106.87, and Friday's Asia dip found a swing low at 4035.81, between the 38.2% and 50% fib of the week impulse. London has lifted price back to the ema20 near 4077, where the bounce stalled at the 4081.20 session high on the lower-highs trendline; price holds the ema50 around 4065 and RSI(14) has recovered to the mid-40s.

Support: 4,065.00, 4,035.81, 4,021.20

Resistance: 4,081.20, 4,106.87, 4,146.92

What it said to watch

  • H1 close above the 4081.20 session high breaks the lower-highs trendline and reopens the 4106.87 lower high
  • Failure to hold the ema50 zone near 4065 exposes the 4035.81 swing low and the 50% fib at 4021
  • US NFP at 13:30 UTC (f/c 65K) and Michigan inflation expectations at 15:00 UTC could materially shift this read; the 4146.92 week high caps the range above

09:04 UTC

Pullback within the week's uptrend · RSI 51 · price 4,078.88

Lower highs from 4,146.92; dip held above the 50% fib.

Wednesday's NY-session surge on the Democratic sweep took gold from the 3,917 base to a 4,146.92 week high in Thursday's Asia session. Since then H1 has printed a run of lower highs as the USD rebounded. Friday's Asia-session slide stalled at a 4,035.81 swing low, just above the 50% fib of the move. The bounce into London has brought price back to the ema20 near 4,076, which coincides with the lower-highs line, and RSI(14) has recovered to about 51 from the high 30s.

What it said to watch

  • An H1 close above the lower-highs line and the 4,106.87 asia high would break the descending sequence from the 4,146.92 week high.
  • Rejection at the ema20 and a loss of the ema50 near 4,062 would put the 4,035.81 swing low and the 61.8% fib near 4,005 back in focus.
  • Fed's Williams at 09:30 UTC, and especially NFP at 13:30 UTC (f/c 65K) against a week of labour beats, could materially shift this read.

08:04 UTC

Pullback within weekly uptrend, lower highs since Thursday · RSI 35 · price 4,052.89

Lower highs and lower lows below the 4146.92 week high, holding near 50% retracement.

The midterm-driven breakout in Wednesday's late-Asia session lifted gold out of the 3895–3971 range, clearing the prior high and the 4000 round number. It reached the 4146.92 week high in Thursday's Asia session. Since then H1 has printed lower highs: Thursday's NY session flush to 4076 was followed by a Friday Asia break lower from the 4106.87 Asia high as the USD rebound and oil-driven hike bets weighed. Price now sits below the EMA(20) near 4072, with the Friday low at 4035.81 holding near the 50% retracement of the 3917–4147 leg and RSI(14) lifting from the low 30s.

Support: 4,035.81, 4,000.00, 3,971.00

Resistance: 4,072.00, 4,106.87, 4,146.92

What it said to watch

  • An H1 close below the 4035.81 Friday low and the 50% fib exposes the 4000 round number and the 61.8% near 4005.
  • A reclaim of the EMA(20) near 4072 and the lower-highs line, followed by a move through the 4106.87 Asia high, would break the lower-high sequence.
  • Fed's Williams at 09:30 UTC and NFP at 13:30 UTC (f/c 65K) could materially shift this read. A strong print puts the 3971 prior high back in view, while a soft one reopens the week high.
  • Acceptance back below 4000 would mean the post-breakout leg has fully retraced.

07:05 UTC

Pullback within weekly uptrend, lower highs since Thursday · RSI 43 · price 4,050.45

Lower highs off the 4146.92 week high; retesting Wednesday's 4030–4050 breakout zone.

The week's dominant move was Wednesday's post-midterm impulse from 3917.56, which ran into the 4146.92 high during Thursday's Asian session. Price has printed lower highs since then. Friday's Asian session broke below Thursday's 4076 NY low as yields and the USD rebounded. Price now trades under the ema20 near 4075 and the ema50 near 4061, back inside Wednesday's 4030–4050 breakout zone. The asian low at 4035.81 is holding just above the 50% retracement of the Wednesday impulse fib (4032), and RSI(14) has slipped to around 43.

Support: 4,035.81, 4,029.28, 4,000.00

Resistance: 4,061.00, 4,075.00, 4,106.87

What it said to watch

  • An H1 close below the 4029.28 wed low would extend the pullback beyond the 50% retracement, exposing the 61.8% level near 4005 and the 4000 round number.
  • A recovery back above the ema50 at 4061 and the ema20 at 4075 would neutralise the lower-highs sequence. The 4106.87 lower high and its trendline remain the structural cap above.
  • The US jobs report at 13:30 UTC (NFP f/c 65K, AHE 0.3% m/m) could materially shift this read, with Fed's Williams at 09:30 UTC beforehand.

06:05 UTC

Weekly uptrend, correcting lower since Thursday · RSI 35 · price 4,039.38

Lower highs off 4,146.92; pullback into 50% fib.

Wednesday's NY session rally, driven by the post-midterm USD sell-off, carried gold from 3,917 through the Monday–Tuesday range top near the 3,971 tue high and on to 4,146.92 in Thursday's Asia session. Since then the H1 chart has printed lower highs at 4,138, 4,128 and the 4,106.87 lower high. Friday's Asia session broke the 4,076 thu low and the 38.2% fib at 4,059 as yields and the USD rebounded. Price now sits below EMA(20) and EMA(50) with RSI(14) near 35, testing the 50% fib around 4,030, where Wednesday's late NY consolidation also based.

What it said to watch

  • US jobs report at 13:30 UTC (NFP f/c 65K, AHE 0.3%) could materially shift this read; Fed's Williams at 09:30 UTC is an earlier risk
  • Failure to hold the 50% fib near 4,030 exposes the 61.8% fib at 4,005 and the 4,000 round number, then the 3,971 tue high
  • H1 close back above the 38.2% fib at 4,059 and the 4,076 thu low would neutralise the lower-high sequence
  • Break of the lower-high line and the 4,106.87 lower high would reopen the 4,146.92 week high

05:04 UTC

Pullback from week high, lower highs since Thursday · RSI 34 · price 4,044.60

Lower highs and lower lows below 4146.92; Thursday range broken lower.

Wednesday's Asia-session surge on the Democratic midterm sweep drove the week's impulse from the 3896 Tuesday low to Thursday's 4146.92 high. Every bounce since has printed a lower high, including the 4128 failure during Thursday's NY hours. Friday's Asia session broke the thu low at 4076.3 as yields and the USD firmed, and price now sits just under the fib 38.2% at 4051 and above the asian low at 4037.5, below both EMA(20) and EMA(50) with RSI(14) near 34.

Support: 4,037.50, 4,021.60, 4,000.00

Resistance: 4,051.20, 4,076.30, 4,100.00

What it said to watch

  • Failure to hold the 4037.5 asian low exposes the fib 50% at 4021.6 and the 4000 round number
  • An H1 close back above the 4076.3 thu low would negate the range break; the lower-highs trendline sits near 4094
  • The 4100 psych area faded Friday's early bounce; regaining it is needed to reopen the 4146.92 week high
  • Fed's Williams at 09:30 UTC and US payrolls at 13:30 UTC (NFP f/c 65K, AHE 0.3%) could materially shift this read

04:05 UTC

Pullback from week high, lower highs since Thursday · RSI 40 · price 4,043.79

Lower highs and lower lows off 4146.92, retesting Wednesday breakout zone.

Wednesday's post-midterm USD and yield slump drove the week's dominant leg in Asia and London hours, lifting gold from Tuesday's 3895 low through 4000 to a 4146.92 week high in Thursday's Asia session. Since then the chart has printed lower highs down to the 4107 lower high, and Friday's Asian session broke the 4056 asian shelf. Price now sits below the ema20 near 4084 and the EMA50 near 4062, with RSI(14) near 40. It is also under the 38.2% fib of the week's advance (~4051) and just above Wednesday's 4030 wed lows.

Support: 4,041.00, 4,030.00, 4,000.00

Resistance: 4,056.00, 4,084.00, 4,107.00

What it said to watch

  • US NFP at 13:30 UTC (f/c 65K) and AHE could materially shift this read; Fed's Williams speaks at 09:30 UTC
  • Failure to hold the 4041 asian low and 4030 wed lows exposes the 50% fib near 4021 and the 4000 round number
  • H1 close back above the 4056 asian shelf and the ema20 near 4084 would neutralise the lower-highs sequence
  • Break above the lower-highs trendline and the 4107 lower high would reopen the Thursday range toward 4146.92

03:04 UTC

Uptrend on the week, correcting from the high · RSI 45 · price 4,062.92

Lower highs and lower lows since Thursday's 4146.92 peak.

The week's dominant move came in Wednesday's Asia and early London hours after the Democratic midterm sweep hit USD and yields, carrying gold from the 3,930s through 4,000 to a 4,146.92 week high in Thursday's Asia session. Since then the market has printed a lower high at 4,128 in Thursday's NY rebound and another at 4,106.87 in Friday's Asia session. The Asia slide to the 4,056.35 asia low puts price below the ema20 near 4,091 and fractionally under EMA(50) around 4,065, with RSI(14) at about 44. The 38.2% fib of the 3,895–4,147 rally sits at 4,051, just beneath the Asia low.

What it said to watch

  • H1 close below the 4,056 asia low and the 38.2% fib at 4,051 extends the lower-low sequence toward the 4,029 wed low
  • Recovery above the ema20 near 4,091 and the 4,106.87 lower high would break the lower-highs trendline and neutralise the correction read
  • US NFP at 13:30 UTC (f/c 65K, AHE 0.3%) and Fed's Williams at 09:30 UTC could materially shift this read
  • A sustained push below 4,029 would bring the 4,000 round number into play
  • A sustained push above 4,128 would bring the 4,146.92 week high back into play

02:05 UTC

Corrective pullback after weekly up-leg · RSI 40 · price 4,058.85

Lower highs since 4147 week high, Thursday low broken.

The week's dominant move was Wednesday's Asia-session impulse from 3917 to Thursday's 4147 week high, as the Democratic midterm sweep pushed the USD and yields lower. Since then H1 has printed a run of lower highs: Thursday's NY-hours dip to 4076 was bought back, but Friday's Asia session broke that thu low and made a 4056 asia low, right at the 38.2% retracement of the impulse. Price sits below EMA20 (~4093) and the ema50 at 4065, with RSI(14) near 40 after an overbought reading above 80 on Thursday.

Support: 4,056.35, 4,032.24, 4,000.00

Resistance: 4,064.90, 4,076.32, 4,106.87

What it said to watch

  • H1 close below the 4056 asia low exposes the 50% fib at 4032 and then the 4000 round number
  • Recovery above the 4076 thu low and the ema50 would mark Friday's break as a false break
  • Close above the 4107 lower high breaks the lower-highs trendline from the 4147 week high
  • Fed's Williams at 09:30 UTC and US NFP at 13:30 UTC (f/c 65K, AHE f/c 0.3%) could materially shift this read

01:05 UTC

Uptrend, correcting from Thursday's high · RSI 50 · price 4,095.25

Lower highs and lows since 4146.92 peak, holding above 38.2% of the impulse.

Gold is up roughly $200 from Monday's 3893 open, driven by Wednesday's midterm-led impulse from 3920. The USD slump and lower yields carried that move through to the 4146.92 week high in Thursday's Asia session, with RSI(14) peaking near 84. Since then the chart has printed lower highs along a descending line, and Thursday's NY swing to 4076 was bought back only to a 4128 lower high. Friday's Asian range is holding the 4071 swing low and sits just under EMA(20) near 4100, with EMA(50) at 4066 and the fib 38.2 at 4060 beneath. RSI(14) has reset to 50.

Support: 4,071.13, 4,060.22, 4,000.00

Resistance: 4,100.00, 4,128.06, 4,146.92

What it said to watch

  • H1 close above the lower-highs line and the 4128 lower high breaks the corrective sequence and reopens the 4146.92 week high
  • Failure to hold the 4071 swing low exposes the fib 38.2 near 4060 and EMA(50) at 4066; below there, the 4000 round number
  • Repeated H1 closes below EMA(20) near 4100 keep the pullback from Thursday's high intact
  • US NFP at 13:30 UTC (f/c 65K, AHE 0.3%) and Fed's Williams at 09:30 UTC could materially shift this read

00:04 UTC

Weekly uptrend, H1 pullback in progress · RSI 41 · price 4,085.13

Lower highs and lower lows off the 4,147 week high.

Gold's impulse ran from Tuesday's 3,917 low to a 4,146.92 week high in Thursday's Asia session, driven by the post-midterm USD and yield slide from Wednesday. Since then H1 has printed lower highs at 4,138 and 4,128. Thursday's NY session flushed to 4,076, retraced fully to 4,128, then was sold back below the EMA(20) near 4,101 into the close. RSI(14) has eased to around 41, and price sits between the 23.6% and 38.2% fib of the week's impulse, just above the 4,071 swing low.

What it said to watch

  • An H1 close below the 4,071 swing low extends the lower-high sequence toward the 38.2% fib at 4,059.
  • Loss of 4,059 exposes the 4,000 psych level, the base of Wednesday's breakout leg.
  • A reclaim of the ema20 (~4,101) and a break of the 4,128 lower high would undo the pullback read, with the 4,147 week high above.
  • US NFP at 13:30 UTC Friday (f/c 65K) and Fed's Williams at 09:30 UTC could materially shift this read.

All markets that day · Today’s XAU/USD Live Scan in the terminal