Every read JAFX AI made on the XAU/USD daily chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:05 UTC
Downtrend, momentum stalling · RSI 44 · price 4,083.58
Lower highs off April peak, now ranging sub-4100.
Multi-month downtrend from the ~4890 April peak, price well below a falling EMA(50) since the June leg down that bottomed at 3959. The last two weeks have compressed into a 4021–4180 range with sellers stalling near the 4132 cap. RSI holds the mid-40s with a bullish divergence into that 3959 low, matching the digest's read that bears look exhausted into Tuesday's US CPI.
Support: 4,021.00, 3,959.00
Resistance: 4,132.00, 4,180.00
What it said to watch
- Daily close below 4021 confirms a lower low and range break down
- Reclaim of 4132 opens the path back to 4180
- US CPI Tue 12:30 UTC and Warsh testimony could break the range either way
21:05 UTC
Downtrend, momentum slowing · RSI 44 · price 4,083.58
Lower highs / lower lows, basing near range floor.
Gold has been in a downtrend since the February peak near 5238, carving lower highs and lower lows while trading below EMA(50) on D1. The last week has been a tight base between 4021 and 4132, with the decline losing steam and RSI tracing a bullish divergence against the 3959 low. Price sits just under the 4100 pivot heading into the US CPI print.
Support: 4,021.00, 3,959.00
Resistance: 4,132.00, 4,195.00
What it said to watch
- US CPI Tue 12:30 UTC and Warsh testimony 14:00 UTC could break the 4021–4132 range
- Daily close below 4021 confirms a lower-low and opens the 3959 swing low
- Close above 4132 negates the base and opens 4195