Gold ran ~7% off Monday's 4043 open to a 4371 week high, its best week since January after the -23K NFP miss crushed Fed-hike bets and softer yields/USD fed the breakout. Since the NY-hours peak it has stalled, coiling in a 4327–4358 band and holding above EMA20 with RSI cooling from overbought back toward the mid-50s. The weekend gap opened flat, leaving the consolidation intact below the 4371 high.
Support: 4,327.00, 4,302.00, 4,260.00
Resistance: 4,380.00
What it said to watch
US CPI Wed Aug 12 12:30 UTC is the key test for this breakout read
H1 close above 4371 opens the path to the 4380 bull target
Gold ripped ~7% off Monday's 4043 open to a 4372 week high after Friday's collapsing NFP (-23K), then stalled — consolidating in a tight 4327–4358 band through the weekend below the 4380 June highs. RSI(14) has cooled off the highs while price holds above EMA(20), with pullbacks finding support near the 4327 range low. Wednesday's US CPI is the next catalyst for the breakout structure.
Support: 4,327.00, 4,300.00, 4,247.00
Resistance: 4,372.00, 4,380.00
What it said to watch
H1 close above 4372 opens the path to the 4380 june highs
Failure to hold the 4327 range low exposes 4300 psych then 4247
US CPI Wed Aug 12 12:30 UTC can materially shift this read
Gold ripped roughly $340 off Monday's 4030 open after Friday's NFP miss and softer wages crushed Fed-hike bets, tagging a 4371.88 week high in the NY session. Price has since coiled in the 4327–4358 band, holding above EMA(20) with RSI(14) easing back from overbought as momentum plateaus below the 4380 bull target. The 4300 psych level and 4267 swing low mark the demand ladder below.
Support: 4,327.00, 4,300.00, 4,267.00
Resistance: 4,371.88, 4,380.00
What it said to watch
H1 close above 4371.88 opens the path to the 4380 bull target
Failure to hold 4300 exposes the 4267 swing low
US CPI on Aug 12 12:30 UTC is the key test for this breakout read
Gold ripped ~7% this week off 4030 on the collapsing NFP (-23K) and softer yields, tagging a 4372 high before stalling into the weekend. Price has spent the last session range-bound between 4327 and 4358, holding above EMA20 with RSI(14) cooling back to the low-50s after overbought readings on the impulse. Momentum has flattened but the week's structure of higher lows is intact.
Support: 4,327.00, 4,301.00
Resistance: 4,371.88, 4,380.00
What it said to watch
Sustained H1 close above 4372 opens the path to the 4380 bull target
Loss of 4327 range low exposes the 4301 swing low
US CPI Wed Aug 12 12:30 UTC is the key risk to this consolidation read
Gold ripped from Monday's ~4030 open to a 4372 week high on Friday's NFP shock (-23K vs +80K), a near-$340 impulse that broke through the 4200/4300 zone. Price is now holding above EMA(20) and EMA(50) but stalling below the 4371 week high, with RSI(14) cooling off overbought as the session drifts near 4341. The dominant leg came in the London-NY push after the payroll miss; this-week structure remains constructive while 4327 holds.
Support: 4,327.46
Resistance: 4,371.88, 4,380.00
What it said to watch
US CPI Wed Aug 12 12:30 UTC could materially shift this read
H1 close above 4371.88 opens the path to the 4380 june high
Failure to hold 4327 exposes 4278 and confirms a deeper pullback
Gold ripped ~7% off Monday's 4030 base to a 4371 week high, driven by Friday's NFP collapse (-23K vs +80K) which crushed Fed-hike bets and softened yields and the dollar. Since the NY session peak price has stalled, consolidating in the 4327–4360 band with RSI(14) cooling from overbought as momentum eases. Price holds well above EMA(20), which has tracked pullbacks all week.
Support: 4,327.00, 4,300.00, 4,278.00
Resistance: 4,371.88, 4,380.00
What it said to watch
H1 close above 4371.88 reopens the 4380 bull target
Failure to hold 4327 exposes 4300 psych then 4278
US CPI Wed Aug 12 12:30 UTC is the key test for the breakout read