Gold staged an oversold bounce off the week's $4,024 low, the lowest since the >$400 crash on hot CPI and blowout payrolls, and has powered back above $4,240 through the NY session. The recovery has reclaimed both EMA(20) and EMA(50) with RSI(14) climbing into the mid-60s, helped by softer core PPI (4.9% vs 5.4%) and firmer jobless claims keeping the USD on the defensive. Price is now pressing into the $4,272 prior swing low that capped the breakdown.
Support: 4,209.00, 4,082.00
Resistance: 4,272.00, 4,300.00
What it said to watch
Failure to hold 4209 stalls the bounce and risks a lower-low retest of the 4082 base
An H1 close back above 4272 opens the path toward the 4300 psych level
Michigan Sentiment + inflation expectations Fri 14:00 UTC could materially shift this read
Gold's week was a one-way crash from 4363 to 4024 on the hot CPI/NFP repricing, breaking the 200-day SMA, before an aggressive oversold bounce through the NY session reclaimed the 4100 cap and pushed back toward 4245. Price is now stalling near the 61.8% retracement of the crash with RSI(14) lifting back above 60, both EMAs reclaimed on the recovery. The move has run well ahead of the broader bearish regime, leaving 4280 supply as the next area to watch.
Support: 4,170.00, 4,100.00, 4,023.89
Resistance: 4,280.00, 4,350.00
What it said to watch
Failure to hold 4170 reopens the path back toward 4100
Acceptance above 4280 would extend the bounce toward 4350
Michigan Sentiment + inflation expectations Fri 14:00 UTC could reset this read
Gold opened the week near 4344 and lost over $400 into a week low at 4023 after in-line CPI and a blowout payrolls print killed rate-cut hopes. A softer core PPI (4.9% vs 5.4%) and firmer jobless claims fuelled a sharp NY-session recovery, with price breaking the 4080 consolidation base and clearing 4150 to print 4210. The 4220 session high now caps the bounce, with next supply at the 4263 swing high; the broader tone stays heavy below.
Support: 4,150.00, 4,080.00, 4,000.00
Resistance: 4,220.00, 4,263.00
What it said to watch
H1 close above 4220 session high extends the bounce toward 4263
Failure to hold the 4150 breakout reopens the 4080 base
A break of the 4000 psych level opens deeper losses
Michigan sentiment + inflation expectations Fri 14:00 UTC could shift this read
Gold bled over $300 from Monday's 4347 high to a 4024 week low as a hot CPI and blowout payrolls killed rate-cut bets and broke the regime bearish. Price then based around 4080 and launched a sharp NY-session recovery into 4210, breaking the consolidation as softer core PPI kept the USD on the defensive. RSI(14) has lifted off oversold and price has reclaimed both EMA20 and EMA50, but the move stalls right at the 4218 session high with the 4263 prior swing the next overhead test.
Support: 4,080.00, 4,024.00
Resistance: 4,218.00, 4,263.00, 4,300.00
What it said to watch
Failure to hold the 4080 base reopens the 4024 week low
Reclaim above 4263 prior swing would extend the bounce toward 4300 psych
Michigan sentiment + inflation expectations Fri 14:00 UTC could shift this read
Rebound off YTD low, lower-highs structure intact above.
Gold has clawed back roughly $180 off the 4036 YTD low into the NY session, reversing part of this week's $400 crash after the softer core PPI print (4.9% vs 5.4%) eased the USD. The advance has accelerated through the 4150 intraday shelf and is now probing the 4220 session high, sitting just under the 61.8% retrace of the 4363-4024 decline near 4234. RSI(14) has cycled up from oversold while the broader lower-highs structure off the highs remains intact.
Support: 4,150.00, 4,082.00, 4,036.00
Resistance: 4,220.00, 4,234.00, 4,270.00
What it said to watch
H1 close above 4234 fib opens the path toward the 4270 prior swing
Failure to hold 4150 reopens the 4082 base and 4036 ytd low
UoM Michigan inflation expectations Fri 14:00 UTC could materially shift this bounce
Lower highs/lows broken by late-week recovery off the 4023 low.
A >$400 slide off 4344 into the 4023 week low dominated since Monday's open, driven by the hot CPI and blowout payrolls that killed rate-cut bets. The base built around 4070-4110 broke higher into the NY session, with price extending the oversold bounce to 4210 and reclaiming the EMA(20) as RSI(14) recovers from sub-30. The 4100 cap flagged in the macro read has given way, though 4220 is now capping the first attempt.
Support: 4,150.00, 4,080.00, 4,023.00
Resistance: 4,220.00, 4,263.00
What it said to watch
Failure to hold 4150 reopens the 4080 base and 4023 week low
H1 close above 4220 session high extends the bounce toward 4263
UoM Michigan sentiment + inflation expectations Fri 14:00 UTC could reset this read
Gold shed over $300 this week from the 4363 swing high into a 4024 wk low, breaking lower lows on the hot-jobs/CPI repricing flagged in the digest. The last few NY-session bars staged an aggressive bounce, reclaiming the 4100 cap and pushing to 4212 with RSI(14) lifting off oversold — a bullish divergence formed at the base. Price now sits back above the EMA20 but the swing high near 4222 and 4250 fib zone are the first areas to watch for rejection or continuation.
Support: 4,150.00, 4,080.00, 4,024.00
Resistance: 4,222.00, 4,250.00
What it said to watch
H1 close above 4250 fib zone would extend the recovery off the wk low
Failure to hold 4150 reopens the 4080 base and 4024 wk low
Michigan sentiment + inflation expectations Fri 14:00 UTC could materially shift this read
Gold shed more than $400 from Monday's open near 4344 to a YTD low around 4024 as hot CPI and blowout payrolls killed rate-cut hopes. The last two sessions have produced a sharp oversold recovery off that double-bottom base, accelerating through 4170 into the NY session to print 4212 — helped by a softer core PPI keeping the USD on the defensive. Price now sits above both EMAs for the first time this week, but this remains a counter-trend bounce against the broader decline.
Support: 4,151.00, 4,024.00
Resistance: 4,220.00, 4,250.00
What it said to watch
Sustained move above 4220 session high opens the 4250 psych area
Loss of 4151 intraday support signals the bounce is fading
Michigan sentiment + inflation expectations Fri 14:00 UTC could shift the read
Week-long lower-highs into 4023 low, then NY-session recovery.
Gold spent the week in a clean downtrend, breaking below the prior cap toward a 4023 swing low after hot CPI and firm USD killed rate-cut hopes. The late NY session produced a sharp relief bounce off 4050/4023, reclaiming the 4100 cap and lifting price back above EMA20 and EMA50 with RSI recovering toward 59. The broader structure of lower highs remains intact below 4222.
Support: 4,100.00, 4,050.00
Resistance: 4,222.00
What it said to watch
Loss of the reclaimed 4100 cap would signal a failed bounce back into the lower range
Close above the 4222 lower high needed to break the weekly downtrend structure
Friday UoM sentiment at 14:00 UTC could shift the USD/gold read
Lower highs / lower lows, snap-back rally off week low.
Gold spent the week in a clean downtrend, shedding roughly $300 from above 4340 to a fresh week low near 4024 after the hot CPI print and firm USD repricing. The NY session has produced a violent relief bounce — the 4080-4100 ceiling that capped multiple bounces gave way and price has pushed to 4171, reclaiming EMA20 while still sitting below EMA50. RSI(14) has swung from oversold toward 63 on the rally, leaving the recovery extended into the 4173 session high.
Support: 4,131.00, 4,082.00, 4,024.00
Resistance: 4,173.00, 4,209.00, 4,221.00
What it said to watch
H1 close above 4173 session high opens the path toward the 4209/4221 prior swings
Failure to hold 4131 intraday low puts the 4082 consolidation back in play
Fri 14:00 UTC UoM sentiment & inflation expectations could reset the USD/gold read
Lower-highs / lower-lows, oversold rebound off week low.
Gold fell ~$350 across the week from 4372 into a 4024 low as hot CPI and blowout jobs killed rate-cut hopes and broke the prior structure. The bounce stalled repeatedly near the 4100 cap before the latest NY hour ripped to 4170 and closed 4151, lifting RSI back off oversold and reclaiming EMA20. Price still trades below EMA50 with the broader sequence of lower-highs intact.
Support: 4,080.00, 4,023.89, 4,000.00
Resistance: 4,170.00
What it said to watch
H1 close above 4170 day high opens path toward the 4221 prior high
Failure to hold 4080 range base reopens the 4024 week low and 4000 psych
Fri 14:00 UTC UoM Michigan sentiment / inflation expectations could reset this read
Lower-lows into YTD base, sharp recovery off 4023.
Gold bled ~$350 since Monday's open to a fresh YTD low near 4023 before basing, with cooler-than-feared core PPI (4.9% vs 5.4%) lending support to the bounce. The NY session drove a sharp recovery that broke through the 4100 cap toward 4170, now testing the 38.2% retracement of the week's selloff around 4157. Price has reclaimed EMA20 but sits below EMA50, so the recovery is still counter to the dominant weekly slide.
Support: 4,100.00, 4,050.00
Resistance: 4,170.00, 4,205.00
What it said to watch
H1 close above 4170 session high extends the recovery toward 4205
Failure to hold 4100 prior cap reopens the 4050 ytd low
Fri 14:00 UTC UoM sentiment + inflation expectations could shift this read
Lower highs and lower lows, consolidating near lows.
Gold has bled over $300 across the week, breaking lower through each session after the hot CPI print, with the flush bottoming near 4024 before a bounce. That recovery stalled under the 4100 cap and price has since drifted back to 4077, holding below EMA20 and EMA50. Rallies into 4100 keep getting sold, leaving the 4000 psychological floor in focus.
Support: 4,023.89, 4,000.00
Resistance: 4,100.00
What it said to watch
H1 close above 4100 cap would ease the immediate downside pressure
Loss of 4024 swing low opens a test of 4000 psych
Michigan Sentiment Fri 14:00 UTC — inflation-expectations print could move this read
Lower highs and lower lows, bounce capped below 4100.
Gold has bled lower all week, shedding over $400 from the 4365 area into a 4023 swing low as a hot CPI print and sticky PPI revived Fed-hike bets. The oversold bounce off that low is stalling: 4100 has capped the recovery and the 4118 bounce high marks the upper edge, with price now hugging the EMA20 around 4080. Structure stays firmly lower-high, lower-low while 4100 holds as resistance.
Support: 4,050.00, 4,023.00, 4,000.00
Resistance: 4,100.00, 4,118.00
What it said to watch
H1 close above 4100 cap would ease the immediate downside pressure
Failure to hold 4050 prior congestion reopens the 4023 swing low and 4000 psych floor
Michigan sentiment + inflation expectations Fri 14:00 UTC could materially shift this read
Gold remains in a one-way H1 downtrend that gutted ~$400 from the 4421 high to a 4023 week low after the hot CPI print reignited higher-for-longer pricing. Price is now grinding sideways near 4090 since the NY session, oversold and basing above 4050 but repeatedly capped below the 4100 round number. RSI(14) has lifted off extremes back toward 45 as the bounce flattens, with price hugging EMA(20) while EMA(50) sits well overhead.
Support: 4,050.00, 4,000.00
Resistance: 4,100.00, 4,118.16, 4,174.00
What it said to watch
Hourly close above 4100 round cap opens the path to 4118 bounce high then the 4174 prior shelf
Failure to hold 4050 swing low re-exposes the 4023 week low and 4000 psych floor
UoM inflation expectations Fri 14:00 UTC could materially shift this read
Gold was gutted roughly $400 across the window — a hot CPI print and strong jobs reignited higher-for-longer pricing, breaking the 200-day SMA and dragging price to a week low near 4036. Since then an oversold relief bounce has based around 4050-4090 but repeated attempts have been rejected below the 4100 psychological cap. Price is hugging EMA20 while EMA50 sits well overhead, keeping the broader structure heavy.
Support: 4,036.22, 4,000.00
Resistance: 4,100.00, 4,118.16
What it said to watch
H1 close above 4100 would invalidate the cap and open 4118
Failure to hold 4036 confirms a lower low toward the 4000 psych floor
UoM sentiment + inflation expectations Fri 14:00 UTC could materially shift this read
Gold's $400 slide through the week dragged price to a multi-month low at 4023 before an oversold bounce that stalled below the 4100 cap, the move tracking a softer core CPI/PPI keeping USD on the defensive after the rate-hawkish shock. Price is now basing in the 4050–4095 band well below EMA20 and EMA50, with the 4100 round level rejecting recovery attempts into the NY session. RSI(14) has lifted off its lows but sits below 50, in line with a slowing but intact downtrend.
Support: 4,052.00, 4,000.00
Resistance: 4,100.00, 4,118.00
What it said to watch
Hourly close above 4100 cap, then 4118 bounce high, would ease the downside pressure
Loss of 4052 swing low reopens the 4023 week low and the 4000 psych floor
UoM sentiment + inflation expectations Fri 14:00 UTC could materially shift this read
Lower highs and lows, consolidating above the low.
Gold has shed roughly $400 since Monday's open, slicing through prior support to a 4024 swing low yesterday before an oversold bounce that has so far stalled below the 4102 cap. Softer core CPI MoM and cooler core PPI YoY took some sting out of the move, but price remains pinned under EMA20 and EMA50 with RSI(14) only recovering toward the mid-40s. The last few sessions are consolidating between 4050 and 4118 after the impulse lower.
Support: 4,024.00, 4,000.00
Resistance: 4,102.00, 4,118.00
What it said to watch
H1 close above 4102 invalidates the bounce-cap read and opens the 4118 lower high
Failure to hold 4024 reopens the path toward the 4000 psych level
UoM Consumer Sentiment + inflation expectations Fri 14:00 UTC could materially shift this read
Gold ran a clean downtrend all week, sliding from 4466 at Monday's open to a fresh YTD low near 4023 as the hot CPI print repriced the Fed toward higher-for-longer. Since the NY-hours flush it has clawed back into a 4050-4118 consolidation band, sitting just under EMA(20) with RSI(14) recovering off the lows. The 4118 week-bounce high has capped the relief move so far.
Support: 4,050.00
Resistance: 4,118.16, 4,170.00
What it said to watch
Hold vs break of the 4050 ytd low defines the next leg lower
H1 close above the 4118 week high would extend the recovery toward the 4170 recovery zone
UoM Michigan sentiment + inflation expectations Fri 14:00 UTC could shift this read
Gold was gutted from ~4470 at the window open down to a YTD low near 4024 after the hot 4.2% CPI flipped the Fed to higher-for-longer, with the steepest leg driven through the NY session. Price has since clawed back to ~4082 and is consolidating in a 4050-4112 band, RSI(14) lifting off oversold but capped below 50. Both EMAs sit overhead, keeping the structural backdrop heavy until the 4112-4147 supply is reclaimed.
Support: 4,050.00, 4,023.89
What it said to watch
Hourly close below 4050 ytd low confirms a fresh lower-low and opens further downside
Reclaim above 4112 swing high would relieve the bearish structure toward 4147
UoM Michigan Sentiment Fri 14:00 UTC could materially shift this read
H1 has been in a one-way downtrend since Monday's open, flushing from ~4470 to a fresh YTD low near 4024 as hot CPI and jobs repriced the Fed to higher-for-longer. Since the low, price has carved a 4057–4118 consolidation with RSI lifting off oversold and a tentative bullish divergence into the lows. Mixed PPI today — hot headline but cooler core YoY — and 229K jobless claims lent modest support, capping the dollar bid.
Support: 4,057.00, 4,050.00, 4,023.90
Resistance: 4,118.00
What it said to watch
Hourly close above 4118 invalidates the lower-high sequence
Failure to hold 4050–4057 reopens the 4024 swing low and further downside
UoM Michigan Sentiment Fri 14:00 UTC could materially shift this read
Gold has bled lower all week from Monday's ~4470 down to a fresh YTD low near 4024 as a 4.2% CPI print and hawkish-Fed repricing crushed non-yielders. Price has clawed back to ~4080 and is consolidating below EMA20/EMA50, with the descending lower-high structure still intact. RSI(14) has lifted off washout lows into the low-40s as the slide stalls around the 4050-4100 floor.
Support: 4,050.00, 4,023.90
Resistance: 4,118.00
What it said to watch
Failure to hold 4050 ytd low opens further downside toward the next leg
H1 close above 4118 swing high breaks the lower-high sequence
UoM Michigan Sentiment + inflation expectations Fri 14:00 UTC could materially shift this read
Gold has been in freefall all week, shedding over $400 from the Monday open near 4470 as the hot 4.2% CPI and blowout NFP cemented higher-for-longer Fed bets and lifted yields. The slide reached a week low at 4046 during the last NY session before a relief bounce stalled at 4118; price now consolidates 4080–4104 below both EMA(20) and EMA(50). RSI(14) has lifted off oversold but sits sub-50, in line with a market basing rather than turning.
Support: 4,046.00
Resistance: 4,104.00, 4,118.00
What it said to watch
US PPI batch at 12:30 UTC (~30m) — a hot core print could pressure the 4046 area, an in-line/soft print fuels the bounce toward 4104
Clean H1 close below 4046 confirms a fresh lower low and opens further downside
Recovery above 4118 negates the basing read and challenges the descending lower-highs line
Gold has been in freefall all week, sliding from ~4475 down through 4050 to a 4023 base after the hot 4.2% CPI cemented higher-for-longer Fed bets and lifted yields. Price has spent the last several hours consolidating 4046–4118 below EMA20 and well under EMA50, with RSI lifting off oversold as the selling pace cools. The 4100 round number capped the relief bounce and 4023 marks the week low.
Support: 4,050.00
Resistance: 4,100.00, 4,118.16
What it said to watch
US PPI at 12:30 UTC (~30m) can materially shift this read — hot core PPI pressures a break below 4050
Clean H1 close below 4050 opens the path toward fresh multi-month lows
Reclaim of 4100 would shift the consolidation back toward 4118 bounce high
Gold has been in freefall all week, sliding from Monday's 4460 area through every figure as the hot 4.2% CPI and blowout NFP cemented higher-for-longer Fed pricing and lifted yields. The NY session sell-off bottomed near 4023 before a relief bounce stalled at the 4100 pivot, with price now chopping around 4088 and flattening EMA(20). RSI(14) has lifted off oversold toward 42 as the descent loses pace into consolidation.
Support: 4,050.00
Resistance: 4,100.00
What it said to watch
US PPI batch at 12:30 UTC could materially shift this read
Gold has been in freefall since Monday's session, crashing from 4470 through every figure as the hot 4.2% CPI and blowout NFP cemented higher-for-longer Fed bets and lifted yields. Price bottomed at 4023 in the NY session and is now consolidating in a 4050–4110 band, with 4100 — prior support — capping the bounce. RSI(14) ticked up off oversold against the latest lower low, but price holds below both EMAs.
Support: 4,050.00
Resistance: 4,100.00
What it said to watch
US PPI at 12:30 UTC (~1.5h) could materially shift this read
H1 close above 4100 invalidates the support-turned-resistance read
Failure to hold 4050 opens the path toward fresh multi-month lows
One-way hawkish-shock sell-off all week: gold sliced through $4,250, $4,200 and the 200-DMA after the 172K NFP and 4.2% CPI cemented higher-for-longer pricing, bottoming at 4023 in early-Europe trade. Price has since stabilised into a 4072–4118 consolidation below EMA20/EMA50, with RSI(14) lifting off oversold as the freefall pauses. The 4118 bounce high caps the recovery while the 4036 week low and 4000 psychological mark sit just beneath.
Support: 4,036.05, 4,000.00
Resistance: 4,118.16, 4,174.00
What it said to watch
US PPI + jobless claims at 12:30 UTC could materially shift this read
Clean break of 4036 opens the path toward 4000 psych
H1 close above 4118 negates the consolidation and reclaims toward 4174 prior support
10:03 UTC
Downtrend, basing after washout · RSI 45 · price 4,093.21
Lower highs and lows, consolidating above multi-month low.
Gold has been in a one-way decline all week, slicing through $4,250, $4,200 and the 200-DMA after a hot NFP and 4.2% CPI cemented higher-for-longer pricing, bottoming at 4023.89 in Wednesday's NY washout. Price has since stabilised into a 4046–4118 band and marginally reclaimed EMA(20), with RSI recovering from oversold into the mid-40s. Broken $4,100 support is now the immediate cap, while the $4,050 area sits just below as the line that gated the multi-month low.
Support: 4,046.00, 4,023.89, 4,000.00
Resistance: 4,118.16
What it said to watch
US PPI + jobless claims at 12:30 UTC could materially shift this read
Clean break below 4046 opens the sub-4000 psych zone
H1 close above 4118 negates the bounce-cap and the lower-high sequence
09:03 UTC
Downtrend, momentum slowing after V-bounce off lows · RSI 43 · price 4,084.77
Lower highs and lower lows; sharp bounce off week low, now consolidating below 4100.
Gold has been in a relentless slide all week, cutting from ~4475 to a fresh multi-month low at 4023.89 as the hot 4.2% CPI print and last Friday's NFP beat cemented higher-for-longer Fed bets. A sharp bounce off the week low into the NY session reclaimed the 4067 swing low and tested toward the 4100 psych pivot, but price remains well below EMA20 and EMA50 with the broader structure firmly bearish. RSI(14) carved a higher low against the price low, hinting at slowing downside momentum into PPI.
Support: 4,067.00, 4,023.89
Resistance: 4,100.00
What it said to watch
US PPI at 12:30 UTC (~3.5h) could materially shift this read
Hourly close back above the 4100 psych pivot would challenge the lower-high sequence
Loss of the 4023.89 week low confirms continuation of the downtrend
Lower highs, lower lows; bounce off multi-month low.
Gold has been in freefall since Monday, slicing from ~4475 to a 4023 low — a >9% move — as hot NFP and an in-line-but-hot CPI cemented a higher-for-longer Fed read and lifted yields. Price has since bounced off 4036 into the 4100 pivot, where the former support is now capping, with RSI(14) recovering off oversold. Both EMA20 and EMA50 sit above price, keeping the bearish structure intact.
Support: 4,067.00, 4,036.00
Resistance: 4,100.00, 4,118.16
What it said to watch
H1 close above 4100 pivot opens the 4118 bounce high
Failure to hold 4067 reopens the 4036 / 4023 multi-month low
US PPI ~12:30 UTC (in ~3.5h) could materially shift this read
Lower highs and lower lows; bounce off multi-month low.
Gold has been in freefall all week, sliding from ~4475 to a multi-month low at 4023 as a blowout NFP and hot CPI cemented higher-for-longer Fed bets. A relief bounce off that low has reclaimed the 4100 area, with price now pressing the 4118 hourly high after RSI(14) lifted off oversold. The broader H1 structure is still a series of lower highs and lower lows below the EMA50.
Support: 4,067.00, 4,050.00
Resistance: 4,118.00, 4,147.00
What it said to watch
US PPI at 12:30 UTC (~4.5h) — a hot print could press price back toward the 4050 psych and 4023 multi-mo low
H1 close above 4118 hourly high would extend the relief bounce toward 4147
Loss of the 4067 swing low reopens the 4023 multi-month low
Lower highs / lower lows, bouncing off multi-month low.
Gold has been in freefall since Monday's ~4470 open, sliced through prior support in lockstep with the hot CPI/NFP higher-for-longer repricing and bottomed at a multi-month low near 4024 in the NY session. The last several bars show a relief bounce reclaiming the 4100 handle, with RSI lifting off oversold and price nudging back above EMA(20); EMA(50) remains well overhead. 4124–4147 is the immediate band capping the recovery, a former support zone now acting as resistance.
Support: 4,070.00, 4,023.89
What it said to watch
US PPI ~12:30 UTC (core 5.4% f/c) could materially shift this read
Reclaim above 4147 swing high would challenge the lower-high sequence
Gold has been in freefall all week, sliding from ~4475 toward an 4036 week low as hot CPI and a blowout NFP cemented a higher-for-longer read; price trades well below EMA20 and EMA50 with no recovery of either. Since the overnight Asia session a base has formed near 4036-4106, with the prior 4100 round level now acting as the pivot. RSI(14) has lifted off its lows but momentum remains skewed lower into a key US data slot.
Support: 4,036.22
Resistance: 4,106.27, 4,118.16
What it said to watch
US PPI today 12:30 UTC could extend or relieve the slide
Clean break below 4036 opens deeper downside
Reclaim above 4118 needed to challenge the lower-high structure
Gold has been in freefall since Monday's ~4470 open, with the decline accelerating into the NY session Wednesday after the 4.2% CPI print cemented a higher-for-longer read. Price bottomed at 4023.89 and is now consolidating in the 4067–4118 zone, trading below EMA20 and EMA50 with RSI(14) lifting off oversold against the latest lower low — a bullish divergence to monitor. The 4100 round number now sits as overhead resistance.
Support: 4,067.16, 4,023.89
Resistance: 4,100.00, 4,118.16
What it said to watch
US PPI at 12:30 UTC could materially shift this read
H1 close back above 4118 would challenge the lower-high sequence
Loss of 4023 week low confirms continuation lower
06:02 UTC
Downtrend, attempting to stabilise · RSI 42 · price 4,090.67
Lower highs and lower lows, bounce off week low.
Gold has been in freefall all week, dropping from ~4475 to a 4024 week low after blowout NFP and a 4.2% CPI print locked in higher-for-longer pricing. Price has bounced off 4024 into the NY session and is consolidating near 4090, with RSI(14) lifting off oversold and printing a mild bullish divergence against the lows. Both EMAs sit overhead and the broader sequence of lower highs remains intact.
Support: 4,023.89
Resistance: 4,106.27
What it said to watch
US PPI at 12:30 UTC is the next catalyst and could materially shift this read
Loss of 4024 confirms continuation of the lower-low sequence
H1 close back above 4106 would challenge the run of lower highs
Gold has been in freefall all week, sliding from ~4475 toward a 4023 low after Friday's 172K NFP and yesterday's 4.2% CPI cemented a higher-for-longer read. Price is bouncing off the week low into the latest session, with RSI(14) ticking up against the lower lows, but the move sits well below a falling EMA(20) near 4130. The 4046 swing low capped this morning's dip before the recovery toward 4106.
Support: 4,046.00
Resistance: 4,106.00, 4,130.00
What it said to watch
US PPI at 12:30 UTC — a hot print could press XAU back below 4023 toward fresh lows
H1 close back above 4130 EMA(20) would challenge the downtrend structure
Gold has been in a sustained downtrend all week, accelerating through the NY session yesterday after in-line May CPI (4.2% YoY) reinforced hawkish-Fed/hike pricing and dragged price below the $4,100 line in the sand to an 11-week low near 4023. Price sits below EMA20 and EMA50 with RSI(14) cycling in the low 40s; a modest bounce off 4023 has so far stalled into the 4102/4118 supply band. The broken 200-day region around 4170 now caps from above.
Resistance: 4,102.00, 4,118.16, 4,170.00
What it said to watch
US PPI at 12:30 UTC (~9h) could materially shift this read — a hot print pressures back through 4100
H1 close back above 4102 (psych 4100) would ease the immediate downside pressure
Failure to hold 4023 week low confirms a fresh lower-low
Gold has been one-way lower all week, with the down-leg accelerating through the NY session as in-line May CPI and a hot NFP cemented Fed-hike pricing, dragging price to an 11-week low at 4023. A relief bounce off that low tagged 4118 before fading back to 4078, leaving price pinned well below EMA(20) and EMA(50). RSI(14) printed a higher low into the 4023 retest while price made a marginally lower low — a bullish divergence within an otherwise oversold downtrend.
Support: 4,023.00
Resistance: 4,100.00, 4,118.00
What it said to watch
US PPI at 12:30 UTC could materially shift this read — a hot print pressures price back toward 4023
Loss of 4023 confirms continuation and opens further downside
Hourly close back above 4100/4118 would ease the immediate pressure
Lower highs and lower lows, oversold bounce attempt.
Gold has trended relentlessly lower since Monday's open, accelerating through the NY session yesterday after the in-line 4.2% CPI print kept Fed hike pricing alive — a near 400-point slide from the 4470s into an 11-week low at 4023. Price sits below EMA(20) and EMA(50) with RSI cycling deep in oversold, and the $4,100 psychological line that held as support has now flipped to cap the latest bounce. Buyers stepped in around 4023 to lift price back toward 4072, but the rebound remains contained under broken structure.
Resistance: 4,102.00, 4,170.00
What it said to watch
US PPI at 12:30 UTC (~9h) could materially shift this read
H1 close back above 4102 then 4170 needed to ease downside pressure
Failure to hold 4023 confirms a fresh lower-low and opens the path lower
Relentless one-way slide since Monday's open, accelerating through the NY session yesterday after in-line May CPI cemented the hawkish-Fed read and gold broke its 200-day SMA. Price now sits at 11-week lows near 4074 after a bounce off the 4024 low, with RSI(14) pressed into oversold and well below both EMAs. The 4100 round number remains the line in the sand, capping the latest recovery attempt.
Support: 4,023.89
Resistance: 4,102.00, 4,118.16
What it said to watch
US PPI at 12:30 UTC (~9h) is the dominant near-term risk and could shift this read
A clean break of 4024 week low opens further downside
Reclaiming 4102 then 4118 needed to ease the bearish structure
Gold has been relentlessly offered all week, accelerating through the NY session as a hawkish-Fed repricing after the blowout NFP and hot CPI drove the metal below its 200-DMA and through the $4,100 pivot. Price printed a fresh low at 4023 before a relief bounce stalled at 4118 and faded back to the low-4070s, keeping the series of lower highs intact. RSI(14) sits depressed near 37, with price pinned well below EMA20 and EMA50.
Support: 4,000.00
Resistance: 4,100.00, 4,118.00
What it said to watch
US PPI at 12:30 UTC (~11h) could materially shift this read
H1 close below 4023 confirms a fresh lower-low toward 4000 psych
Reclaim of 4100 pivot needed to ease downside pressure
03:02 UTC
Downtrend, steep and extended · RSI 37 · price 4,071.63
Lower highs, lower lows; below all EMAs.
Gold has fallen relentlessly since Monday's open, with the dominant leg accelerating through the NY session as the hawkish-Fed repricing after the hot NFP and in-line CPI dragged price below the $4,100 psychological pivot. The break printed a fresh swing low at 4023.89 before a shallow bounce stalled near 4102; RSI(14) sits oversold but is curling up off the lows. Price remains pinned well below EMA20 and EMA50, every pullback rejected at the falling structure.
Support: 4,023.89, 4,000.00
Resistance: 4,102.00
What it said to watch
US PPI at 12:30 UTC could materially shift this read
H1 close back above 4102 would relieve the immediate downside pressure
Failure to hold 4023.89 confirms another lower-low toward 4000
02:02 UTC
Downtrend, extended into support · RSI 38 · price 4,098.44
Lower highs, lower lows; bounce off session low.
Gold has been one-way lower since Monday's session, the hawkish-Fed repricing after the NFP beat and sticky 4.2% CPI dragging price from the 4470s down to the psychological $4,100 line. Sellers pressed through 4067 into a 4023 session low before a sharp NY-hours bounce reclaimed 4100 and tagged 4118. Price sits well below EMA20 and EMA50 with RSI oversold and lifting off the lows.
Support: 4,067.16
Resistance: 4,118.16
What it said to watch
US PPI at 12:30 UTC (~11h) could materially shift this read
H1 close back below 4067 reopens the 4023 swing low
Reclaim and hold above 4118 would challenge the run of lower highs
Lower highs and lower lows, bouncing from swing low.
Gold has trended lower all week, with the sharpest leg through the NY session as a hawkish-Fed repricing after the hot NFP and sticky CPI dragged price below the 200-DMA toward 2.5-month lows. The latest bounce off the 4023.89 swing low has lifted price back to the 4100 psych line, but it stalled into the 4118 day high and remains well under EMA20 and EMA50. RSI(14) is recovering off oversold without a structural shift in the lower-high sequence.
Support: 4,023.89
Resistance: 4,100.00, 4,118.16
What it said to watch
H1 close above 4118 day high challenges the descending lower-highs
Loss of 4100 psych and 4023.89 swing low extends the downside leg
US PPI at 12:30 UTC (~11h) could materially shift this read
Steep H1 downtrend all week — gold has bled from 4481 at Monday's open to a 4023 swing low overnight, accelerating below the broken 4100 psych level and the 200-dma near 4175 as last Friday's NFP beat and this week's hot CPI cemented a hawkish-Fed read. A shallow bounce off 4023 has lifted price to 4078, but it remains capped well under the 4100 psych, with the prior-low pivot near 4128 the next lid above. RSI(14) sits sub-40 with price trading below both EMA20 and EMA50.
Support: 4,023.00, 4,000.00
Resistance: 4,100.00, 4,128.00, 4,175.00
What it said to watch
H1 close back above 4100 psych would ease the downside pressure
Loss of the 4023 swing low opens the path toward the 4000 round number
US PPI Thu 12:30 GMT could extend or unwind this move
Lower highs and lower lows, bounce off session low.
Gold has trended one-way lower all week, accelerating through the NY session below the 200-DMA near 4170 after the blowout NFP and sticky 4.2% CPI killed rate-cut hopes. Price tagged 4023.89 then bounced into Asia to 4078, but it sits well below both EMA(20) and EMA(50) with RSI(14) only lifting off oversold. The 4100 round level, prior support now flipped, caps the immediate recovery attempt.
Support: 4,023.89
Resistance: 4,100.00, 4,170.00
What it said to watch
H1 close back above 4100 would ease the oversold downtrend read
Loss of 4024 confirms continuation toward deeper downside
PPI today 12:30 GMT could extend the move if core runs hot
Gold has trended one-directionally lower all week, sliding from Monday's ~4480 open to multi-month lows near 4036 as the hot NFP and in-line 4.2% CPI killed rate-cut hopes. The slide accelerated through the NY session yesterday, taking out the 200-DMA near 4170 and the 4100 line in the sand. RSI(14) is pinned in oversold territory and price sits well below EMA20/EMA50, with a shallow bounce off 4036 into 4055 the only sign of stabilisation.
Support: 4,036.22
Resistance: 4,100.00, 4,170.00
What it said to watch
H1 close below 4036 confirms continuation of the lower-low sequence
Reclaim of 4100 needed to ease the breakdown structure
PPI Thu 12:30 GMT could materially shift this read
Gold has trended one-way lower across the week, accelerating after the 172K NFP blowout and in-line CPI cemented the hawkish-Fed theme that dragged price below the 200-DMA toward multi-month lows. H1 sits well under EMA(20) and EMA(50) with RSI(14) pinned in oversold territory after the $4,100 prior-support level broke and flipped to a resistance lid. The final bar's stall near 4046 is a pause within an intact downtrend, not yet a structural turn.
Resistance: 4,100.00
What it said to watch
Loss of 4023 session low confirms continuation of the lower-low sequence
An H1 close back above 4100 prior support would challenge the downtrend read
PPI Thu 12:30 GMT (core YoY f/c 5.4%) could materially shift this read