19:08 UTC
Corrective since January record, lower highs · RSI 39 · price 4,145.01
Lower highs from 5598 record over a 3940–4700 base.
Gold has been corrective since the late-January record high at 5598, printing lower highs at 4889 in April and 4697 in August. Through Q2–Q3 it has held a 3940–4700 base, with the July low at 3943 as the floor. Price at 4145 sits below the W1 EMA50 near 4218 and just under the 61.8% retracement (4185) of the August 2025–January 2026 advance, with the March low at 4099 and the 4000 psych level beneath; a hawkish Fed and USD near 18-month highs have capped the latest bounce under the 4200 lid, and RSI near 39 shows no extreme.
Support: 4,099.08, 4,000.00, 3,942.64
Resistance: 4,218.00, 4,696.74, 5,598.18
What it said to watch
- Weekly close back above the EMA50 near 4218 and the 4200 lid would challenge the corrective read
- Weekly close below the march low at 4099 and 4000 psych exposes the july low at 3943; a break there extends the lower-low sequence
- Descending lower highs trendline from the record high, near 4520 this week, and the aug high at 4697 cap any recovery attempt
- US CPI Wed Oct 14 12:30 UTC (f/c 3.6% y/y) could materially shift Fed hike pricing and this read