21:04 UTC
Downtrend, accelerating · RSI 32 · price 4,321.21
Lower highs, lower lows since Feb peak.
Gold has been in a multi-month downtrend since the late-February peak near 5419, carving a steady chain of lower highs and lower lows beneath a falling EMU(50). Friday's NFP shock (172K vs 85K) accelerated the slide, slamming price below the 200-DMA and sub-4300 to a two-month low at 4268. The tape is now stretched, with RSI near oversold, but structure remains firmly heavy below 4300.
Support: 4,268.47
Resistance: 4,300.00
What it said to watch
- Daily close below 4268 confirms trend continuation
- Reclaim of 4300 / 200-DMA would be the first stabilization sign
- US CPI Wed 12:30 UTC could materially shift this read