21:04 UTC
Downtrend, momentum extending · RSI 29 · price 4,327.91
Lower highs and lower lows, range broken down.
Gold remains in a clear H4 downtrend, carving lower highs and lower lows since the early-month rejection near 4595. Friday's hot NFP (172K vs 85K) revived Fed-hike pricing and forced a clean break below the 4424 weekly low, with the last three bars accelerating into 4311. ATR(14) is expanding as the move extends; price sits well below both EMA20 and EMA50.
Support: 4,300.00
Resistance: 4,424.00
What it said to watch
- H4 close back above 4424 invalidates the breakdown read
- Failure to hold 4300 opens the path lower
- US CPI Tue 12:30 UTC is the dominant catalyst and could reshape this read