20:54 UTC
Multi-quarter uptrend, deep correction underway · RSI 41 · price 4,320.96
Lower highs from the Q1 peak, testing range lows.
Gold's parabolic advance from late-2024 near 2600 peaked around 5600 in Q1 2026, and since then price has rolled over into a multi-month correction, now printing 11-week lows near 4268 after breaking below the 200-DMA. Hawkish Fed repricing following the 172K NFP shock has driven the leg lower, with price sitting below both W1 EMAs — a clear regime cooling. RSI is mid-40s and not yet at a weekly extreme, so the slide has room before stretching.
Support: 4,268.47, 4,099.08, 4,000.00
Resistance: 4,541.19
What it said to watch
- Weekly close below the 4268 cycle low opens the path toward 4099 and the 4000 psych level
- Reclaiming the 4541 prior high is needed to repair the lower-high structure
- US CPI Wed 12:30 UTC is the week's primary catalyst and could materially shift this read