21:02 UTC
Uptrend cooling, multi-week consolidation · RSI 47 · price 4,715.23
Broad range after October blow-off, lower highs forming.
Gold blew off into the 5598 high in late January then collapsed nearly 1500 pips to 4099 by mid-March, and has since traded a 4400–4800 range. Price is back in the upper half of that range at 4715 but EMA(50) at ~4780 is capping advances, with two failed pushes at 4800 in April. RSI(14) near 47 confirms the dominant trend has flattened from uptrend to multi-week consolidation.
Support: 4,500.00, 4,400.00
Resistance: 4,800.00, 4,940.00
What it said to watch
- Weekly close above 4800 swing high reopens path to 4940 prior high
- Daily close below 4500 swing low confirms range break lower toward 4400 range floor
- EMA(50) reclaim would shift the rounded top read