Every read JAFX AI made on the XAU/USD 4-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:05 UTC
Strong uptrend, momentum extended · RSI 72 · price 4,341.30
Higher highs and higher lows since early-month low, breakout above 4300.
Gold accelerated ~7% off the early-month base near 4019, breaking clean through the 4200/4300 shelf after the shock NFP miss (-23K) gutted Fed-hike bets and pressured the dollar. Structure is a textbook impulse — higher highs and higher lows — but RSI in the low-70s and the pause under the 4372 swing high show momentum easing at the top of the run. Price is holding well above EMA20 and EMA50 with the 4278 breakout level now the first shelf below.
Support: 4,278.00, 4,160.00
Resistance: 4,372.00, 4,380.00
What it said to watch
- US CPI Wed Aug 12 12:30 UTC is the key test for the breakout — a hot print risks a pullback toward 4160
- H4 close above 4372 opens the path to the 4380 june highs
- Failure to hold the 4278 breakout level would signal the impulse is stalling
21:04 UTC
Strong uptrend, extended · RSI 73 · price 4,341.30
Higher highs, higher lows since early-month base.
Gold ripped roughly 7% this week to 3-week highs above $4,300 on the collapsing NFP print (-23K) and softer USD/yields, breaking clear of the $4,200/$4,300 resistance shelf. Structure is a clean series of higher highs and higher lows with price above both EMAs, though the pace flags into the $4,372 prior high as RSI sits stretched near overbought. All eyes on Wednesday's US CPI as the immediate test for the breakout.
Support: 4,278.00, 4,247.00
Resistance: 4,372.00, 4,380.00, 4,393.00
What it said to watch
- US CPI Aug 12 12:30 UTC could materially shift this read
- H4 close above 4380 opens the path toward the 4393 cited res
- Failure to hold 4278 then 4247 signals the first lower-low
- RSI overbought while price stalls at 4372 flags momentum easing