09:20 UTC
Uptrend, consolidating after parabolic blow-off · RSI 50 · price 4,715.23
Broad range 4400-4800 since late-Jan flush.
XAU printed a parabolic blow-off to 5598 in late January then collapsed nearly 1500 dollars in two sessions, with price ranging between 4400 and 4800 for roughly three months since. Recent action shows demand stepping in around 4500 and supply capping near 4800, with last bar reclaiming back into the middle of that band at 4715. RSI sits neutral near 50 and price is pinned around the EMA(50), reflecting the consolidation read.
Support: 4,500.00, 4,400.00, 4,100.00
Resistance: 4,800.00, 5,200.00, 5,598.00
What it said to watch
- Daily close above 4800 reopens path toward the 5200 feb pivot
- Daily close below 4500 range floor exposes 4400 and 4100 panic low
- US CPI print this week could reprice the consolidation