Gold bottomed near 3986 mid-week before the soft June CPI miss sparked a sharp NY-session spike to 4100, which was rejected and has since faded back to 4049 near the 50% retrace of that bounce. Price is stalling around the H1 EMA(20) with RSI(14) back near 46 after the impulse cooled. A sequence of higher lows off 3986 holds, with the 4000 psychological pivot underpinning the recovery tone.
Support: 4,043.00, 4,000.00
Resistance: 4,100.00, 4,110.00
What it said to watch
Hold above 4000 keeps the relief bounce structure intact; loss of 4043 higher low softens it
H1 close above 4100 reopens the path to 4110 range top
US PPI Wed 12:30 GMT and Warsh testimony could materially shift this read
Consolidating below post-CPI high after sweep of yearly-low zone.
Gold was hammered sub-$4,000 into the yearly-low zone near 3986 on Waller's hawkish CPI-hike warning and the oil spike, then the soft June CPI miss triggered a sharp relief spike to 4103 before fading back to 4049. Price is now sitting on EMA(20) with RSI(14) back near the midline as the post-CPI impulse consolidates. Rising higher-lows off the 3986 bottom remain intact while supply capped the bounce at 4103.
Support: 4,043.00, 4,000.00
Resistance: 4,103.04, 4,110.00
What it said to watch
Loss of 4043 higher-low breaks the recovery structure and reopens the 4000 psych level
Hourly close above 4103 cpi high exposes the 4110 range top
US PPI Wed 12:30 GMT and Warsh testimony 14:00 GMT could materially shift this read
V-recovery off yearly-low zone, now consolidating below EMA50.
Gold plunged sub-4000 into Monday's session on the Waller hike-threat and oil spike, bottoming near 3986 before the soft June CPI miss powered a sharp relief spike to 4103. That move was rejected inside the NY session and price has since faded back to ~4052, consolidating between 4043 and the 4076 spike high with RSI cycling near neutral. Price is back above EMA20 but capped under EMA50, keeping the recovery relief-driven rather than trending.
Support: 4,043.00, 4,000.00
Resistance: 4,076.31, 4,103.04
What it said to watch
US PPI Wed 12:30 GMT and Warsh testimony 14:00 GMT could materially shift this read
H1 close above 4076 opens the path back toward 4103 session high
Failure to hold 4043 exposes the 4000 psych level and the 3986 swing low
21:05 UTC
Recovery off the lows, momentum cooling · RSI 53 · price 4,052.72
Based sub-4000, spiked on CPI, now consolidating below 4085.
Gold based near $3,990 through Monday's plunge, then ripped to $4,103 on the soft June CPI miss before fading to $4,052 into the NY session. RSI(14) has cooled from the spike toward the mid-50s while price holds above EMA(20). Resistance at $4,085-4,103 capped the post-CPI extension; $4,043 is the first support below.
Support: 4,043.00, 4,020.00
Resistance: 4,085.00, 4,103.00
What it said to watch
Close back below 4043 puts the sub-4020 base back in play
Reclaim of 4085 reopens the 4103 cpi spike high
US PPI Wed 12:30 GMT and Warsh testimony could reset this read
Gold swept down to 3986 into the CPI print before the soft June inflation miss (core YoY 2.6% vs 2.8%) sparked a relief bounce that reclaimed $4,000 and spiked to 4103. That spike was rejected with a long wick and price has since consolidated in the 4043–4090 band, RSI(14) cycling back near neutral. Buyers stepped in around 4043 twice, but the recovery has been relief-driven rather than an EMA-anchored trend.
Support: 4,043.00, 4,000.00
Resistance: 4,090.00, 4,103.04, 4,110.00
What it said to watch
H1 close above 4103 opens the path toward 4110 march trend
Failure to hold 4043 puts 4000 psych and the 3986 week low back in play
US PPI Wed 12:30 GMT and Warsh testimony could materially shift this read
Recovered from weekly low, consolidating below CPI high.
Gold slid to a weekly low near 3986 into the soft June CPI print, then spiked to 4103 on the miss before fading back to consolidate around EMA20 near 4055. The 4103 CPI high capped the move and price has since traded sideways with RSI(14) cycling around neutral. The relief bounce holds as long as the 4000 psych pivot survives.
Support: 4,000.00, 3,986.00
Resistance: 4,103.00, 4,110.00
What it said to watch
US PPI Wed 12:30 GMT and Warsh testimony resuming could materially shift this read
Close above 4103 cpi high opens the path to 4110 resistance
Gold slid from the 4138 week high into a weekend gap and dumped to 3986 on Hormuz/CPI-panic before the soft June CPI print sparked a relief bid, spiking to 4103 during the NY session. That test was rejected and price has faded back to 4054, holding above EMA20 and the 4000 psych pivot while lower highs cap the rebound. RSI(14) has cooled to mid-range as the impulse loses steam.
Support: 4,020.00, 4,000.00
Resistance: 4,100.00, 4,138.00
What it said to watch
H1 close above 4100 opens the path back toward the 4138 week high
Loss of 4020 exposes the 4000 psych and the 3986 week low
Warsh testimony and Fed speakers this afternoon could materially shift this read
Gold ripped out of the 4015-4031 base into the soft June CPI miss, tagging 4103 before fading back to 4054 as the relief bid ran into supply near the weekly open. RSI(14) has cooled back to the mid-50s after the spike, and price is now hovering just above EMA20 with the 4043 session low the first pivot. The 4100/4103 spike high capped the move and remains the level to watch overhead.
Support: 4,043.00, 4,020.00, 4,000.00
Resistance: 4,088.00, 4,103.00
What it said to watch
H1 close above 4088 weekly open reopens the 4103 spike high
Failure to hold 4043 session low exposes the 4020 pre-cpi base then 4000 psych
Warsh testimony ongoing plus Wed PPI could materially shift this read
Gold slid to the 3986 yearly-low zone earlier this week on Hormuz/oil-inflation fears, then ripped higher on the soft June CPI miss — the 1784030400000 bar spiked from 4031 to 4103 before sellers capped it. Price has since drifted back to 4061, holding a series of higher lows off 3986 but rejected twice under the 4100 range top. RSI(14) has cycled back to the low-50s as the CPI impulse fades.
Support: 4,054.00, 4,020.00, 4,000.00
Resistance: 4,100.00
What it said to watch
Hourly close above 4100 range top opens path back toward prior 4110 highs
Loss of 4054 session low exposes 4020 prior range then 4000 psych
Warsh testimony and Fed speakers this afternoon could materially shift this read
18:03 UTC
Recovery off yearly-low zone · RSI 56 · price 4,061.38
Higher lows since CPI, capped below prior range top.
Gold based twice near the 4000 psych level (3986/3993) after the mid-week slide toward the yearly low, then ripped off the low as the soft June CPI miss undercut the Waller hike thesis — the NY session spike ran to 4103 before fading. Price has since retraced to 4061, holding above EMA20 with RSI(14) back to the mid-50s, and the prior range top at 4100 now caps the relief bid.
Support: 4,020.00, 4,000.00
Resistance: 4,100.00, 4,138.00
What it said to watch
Warsh testimony tone into US afternoon could reshape this read
Hourly close above 4100 range top reopens the path toward the 4138 week high
Failure to hold 4020 prior range risks a retest of the 4000 psych level
Gold gapped lower into Monday's session and bled to the 3986 week low before staging a sharp V-recovery back above the 4000 psych level. The soft June CPI print sparked a relief spike to 4103, but that cpi high was rejected and price has faded back to 4062, holding above EMA20/EMA50. RSI is cycling mid-range as the CPI momentum cools.
Support: 4,000.00
Resistance: 4,103.04
What it said to watch
Loss of 4000 psych re-opens the 3986 week low
H1 close above 4103 cpi high reasserts the relief bid toward 4130
Warsh testimony ongoing plus PPI tomorrow could reshape this read
17:04 UTC
Recovering after selloff, two-way · RSI 53 · price 4,062.06
Gap-down slide then CPI relief spike, faded.
A weekend gap lower opened a slide that swept below the $4,000 psych level to a ~3986 week low, before a soft June CPI print sparked a relief spike into the 4100 range top during NY hours. That push was rejected and price has faded back to 4062, holding above the reclaimed $4,000 pivot with RSI cycling mid-range and price back above EMA(20).
Support: 4,000.00, 3,986.00
Resistance: 4,100.00, 4,138.00
What it said to watch
H1 close above 4100 range top opens the path toward the 4138 week high
Failure to hold the 4000 psych level reopens the 3986 week low and 3940 zone
Warsh testimony and Fed speakers this afternoon could materially shift this read
Gold sold off to a 3986 week low mid-window as oil and inflation fears built, then stabilised back above the 4000 psych level. The soft June CPI print drove a sharp relief spike to 4103 before supply capped it and price faded to 4063, sitting almost exactly on the 50% retrace of the week's decline. Rejection at 4100 leaves the recovery unconfirmed with RSI back near neutral.
Support: 4,000.00, 3,986.00
Resistance: 4,100.00, 4,110.00
What it said to watch
Warsh testimony / Fed speakers today can re-inject hawkish risk into this read
H1 close above 4100 opens the path back to 4110 resistance
Failure to hold 4000 psych reopens the 3986 week low
US PPI tomorrow (12:30 UTC) is a fresh inflation catalyst
15:03 UTC
Recovery off week low, momentum building · RSI 64 · price 4,081.65
Higher lows since the 3986 base, testing 4090.
Gold reclaimed the 4000 psych level and rallied to 4085 on the soft June CPI print, a sharp relief bounce off the 3986 week low carved earlier in the session. Price has printed higher lows since and now trades above both EMA20 and EMA50 with RSI(14) around 63. The 4090 session high and 4110 week cap are the levels to watch on the upside; Warsh testimony remains the live intraday risk.
Support: 4,000.00, 3,986.00, 3,945.00
Resistance: 4,090.00, 4,110.00
What it said to watch
Warsh testimony (14:00 UTC) can materially shift this read
H1 close above 4110 opens the path back toward the week's 4136 high
Failure to hold 4000 reopens 3986 and the 3945 support zone
15:03 UTC
Recovering from downtrend, short-term momentum up · RSI 62 · price 4,081.65
Based near 3985, higher lows building.
Gold bottomed twice near 3985 on the oil/Iran driven selloff before the soft June CPI print sparked a sharp relief bounce, one bar surging from 4031 to 4103 before settling. Price now consolidates around 4080, holding above EMA20 and EMA50 with RSI(14) cycling in the low 60s. The 4000 psychological floor held and higher lows have formed off the base.
Support: 4,060.00, 4,030.00, 4,000.00
Resistance: 4,103.00, 4,110.00, 4,138.00
What it said to watch
H1 close above 4103 opens the path to 4110 and the 4138 week high
Failure to hold 4060 reopens 4030 and the 4000 psych level
Warsh testimony and Fed chorus this session could re-inject hawkish risk
Gold based around the $4,000 psych level through the prior session before the soft US June CPI print triggered a sharp relief bounce, spiking to the 4103 today high in a single hour. Price now consolidates near 4075, back above EMA20 and EMA50 after reclaiming the week's mid-range. The 4110 resistance area that capped moves earlier this week is the next hurdle.
Support: 4,030.00, 4,000.00, 3,993.00
Resistance: 4,103.00, 4,110.00, 4,138.00
What it said to watch
H1 close above 4110 resistance opens the path back toward the 4138 wk high
Failure to hold the 4030 range floor puts the 4000 psych level and 3993 wk low back in focus
Warsh testimony (14:00 UTC) is the live risk and could reverse the CPI relief bounce
Week-long lower-highs broken by CPI spike; consolidating below session high.
Gold slid to a 3986 swing low through the week on oil-inflation and Fed-hike fears, then spiked back above the 4000 psych level on the soft June CPI miss (12:00 UTC bar). Price now holds around 4075 after reclaiming EMA20, capped so far below the 4103 session high with RSI(14) pushing into the low 60s.
Support: 4,000.00
Resistance: 4,103.04
What it said to watch
Warsh testimony (14:00 UTC) is a live driver that could reverse or extend this bounce
Close above 4103 session high opens the path toward the 4117 prior high
Failure to hold the 4000 psych level reopens the 3986 swing low
US PPI tomorrow (12:30 UTC) could reshape the read
Gold slid from ~4130 into the weekend gap, bottoming near the 3986 week low midweek before basing along 4000-4030 for most of the NY-Asia stretch. The June CPI print at 12:30 UTC drove a sharp relief spike to 4103, closing back near 4075 and reclaiming both EMAs. RSI has swung back above 60 as the base breaks upward.
Support: 4,030.00, 4,000.00, 3,986.00
Resistance: 4,103.00, 4,130.00
What it said to watch
Holding above the 4030 base keeps the recovery intact
Failure back below 4000 psych reopens the 3986 week low
A close above 4103 day high exposes the 4130 week high
Fed Chair Warsh testimony at 14:00 UTC could reshape this read
13:04 UTC
Downtrend this week, sharp reversal in progress · RSI 64 · price 4,075.35
Week low set at 3986, CPI spike back through 4075.
Gold spent Monday-Tuesday grinding lower to a 3986 week low then based in a tight 4000-4030 range, before a single hourly bar exploded from 4031 to 4103 on the CPI print — a soft/in-line read triggered a relief squeeze that priced out some hike fear. Price now sits at 4075, back above both EMA(20) and EMA(50) after the vertical rebound. RSI(14) has swung from washed-out lows to the mid-60s in one candle, so momentum is stretched right at the pre-CPI supply zone.
Support: 4,031.00, 4,000.00
Resistance: 4,103.04, 4,110.00
What it said to watch
Fed Chair Warsh testimony (14:00 UTC) could materially shift this read
Close above 4103 opens the path back toward 4110 resistance
Failure to hold 4031 reopens the 4000 psych level and 3986 week low
Gold rolled over from midweek's 4138 high and flushed below the 4000 psych level into the yesterday NY session, tagging 3986 before buyers reclaimed the figure. Price has since ground back to 4030 above EMA(20) but below EMA(50), with RSI(14) recovering off oversold to mid-range. The sub-4000 break-and-reclaim looks like a false break for now; overhead the broken 4067 swing and 4100 trendline area cap the recovery.
Support: 4,000.00
Resistance: 4,067.42, 4,100.00, 4,138.08
What it said to watch
Hourly close back below 4000 reopens the 3986 week low
Reclaim of 4067 challenges the recovery structure toward 4100
US CPI 12:30 UTC then Warsh testimony 14:00 UTC can materially shift this read
12:03 UTC
Downtrend, bouncing off lows · RSI 56 · price 4,030.67
Lower highs, base built above 3986.
Gold rolled over from the midweek high near 4138 and sold through the 4000 figure into a 3986 low as US-Iran/oil inflation fears revived Fed-hike bets. Price has since reclaimed 4000 and is grinding back to 4030, holding above EMA(20) with RSI(14) recovering off oversold, though it sits below EMA(50) and the string of lower highs from 4138 remains intact. The 4034 session high caps the current bounce.
Support: 4,000.00
Resistance: 4,034.11
What it said to watch
US June CPI at 12:30 UTC (~28min) could materially shift this read
Warsh testimony 14:00 UTC — another high-impact driver
Failure to hold 4000 reopens the 3986 swing low
H1 close above 4067 challenges the lower-high structure
Gold slid through the week from the 4090 weekly open, breaking the 4000 psych pivot after Waller's hot-CPI hike warning and an oil-led inflation scare. A double bottom near 3984 held into the NY session and price has since reclaimed 4000, stalling at the 4034 swing high before settling around 4020. RSI has recovered to the mid-50s while price trades above EMA(20) but remains capped below EMA(50) near 4055.
Support: 4,000.00, 3,984.00, 3,900.00
Resistance: 4,034.00, 4,055.00, 4,089.90
What it said to watch
US June CPI at 12:30 UTC (~1.5h) is the binary risk into this read
H1 close back below 4000 reopens the 3984 double bottom and 3900 yearly low
Reclaim of the 4034 swing high targets EMA(50) near 4055 and the 4090 weekly open
Warsh testimony at 14:00 UTC could override the CPI reaction
11:03 UTC
Downtrend, stabilizing after break of 4000 · RSI 52 · price 4,019.96
Lower highs into 3986 low, recovery back above 4000.
Gold broke below $4,000 mid-week after Waller's hike warning and oil-led inflation fears, tagging 3986 before demand stepped in twice around the 3990 area. Price has since reclaimed $4,000 and is grinding back toward EMA20, with RSI(14) recovered to the mid-50s off oversold. US June CPI at 12:30 UTC is the binary catalyst into the read.
Support: 4,000.00, 3,900.00
Resistance: 4,034.11
What it said to watch
H1 close back below 4000 reopens the 3986 swing low and the 3900 yearly low
Reclaim of the 4034 session high needed to challenge the 4067 prior high
US CPI at 12:30 UTC (~1.5h) and Warsh testimony at 14:00 UTC could materially shift this read
10:03 UTC
Downtrend, bounce off lows · RSI 51 · price 4,022.00
Broke below 4000, basing above week low.
Gold slumped through the 4000 pivot into Monday's session and bottomed at 3986 as Waller's rate-hike warning and oil-led inflation fears revived Fed tightening bets. Price has since carved a rounded base and reclaimed 4000, back above EMA(20) but still capped under EMA(50), with RSI(14) recovering back to the midline. Recovery has stalled below the 4034 swing high.
Support: 4,000.00, 3,986.00
Resistance: 4,034.00, 4,067.00
What it said to watch
US CPI at 12:30 UTC is the session's binary catalyst and can override this read
Close back below 4000 reopens the 3986 week low
Reclaim of 4034 swing high needed to confirm a push through EMA(50) toward 4067
10:03 UTC
Downtrend, bounce off lows · RSI 53 · price 4,022.00
Broke below 4000, recovering from 3986 low.
Gold slumped through the 4000 psych pivot this week as Waller's rate-hike warning and oil-led inflation fears revived Fed tightening bets, bottoming at 3986 during the prior US session. Price has since clawed back above 4000, with RSI(14) recovering to the mid-50s and buyers holding above EMA(20) into the NY session; EMA(50) at ~4045 still caps overhead. The 4034 session high is the first hurdle before the 4067 prior high.
Support: 4,000.00, 3,986.00, 3,900.00
Resistance: 4,034.00, 4,067.00
What it said to watch
US June CPI at 12:30 UTC (~2.5h) is a binary catalyst for this read
H1 close back below 4000 reopens the 3986 swing low and 3900 yearly low
Warsh testimony at 14:00 UTC could override the CPI reaction
Reclaim of 4067 prior high needed to neutralise the downtrend
Gold slid below the 4000 handle into the US CPI window, tagging a week low near 3984 before demand recovered price back above the round number. It now trades near 4016 having reclaimed EMA20, with RSI cycling back to the midline; the drop from Monday's 4136 area still frames the dominant weekly move. The 4000 pivot and the 4034 day high box the near-term range.
Support: 4,000.00, 3,984.00
Resistance: 4,034.00, 4,100.00
What it said to watch
US June CPI at 12:30 UTC and Warsh testimony at 14:00 UTC are decisive catalysts for the next break
H1 close back below 4000 re-exposes the 3984 week low
Close above 4034 day high opens the path back toward the 4100 range cap
Gold has trended lower all week from Monday's ~4127 open, breaking decisively below the 4000 psych pivot during yesterday's NY session as hawkish Waller comments and Hormuz-driven oil/inflation fears revived Fed hike bets. Buyers stepped in near 3986 and price has since reclaimed 4000 and the H1 EMA(20), but remains capped well below EMA(50) with the 4034 day high the first hurdle. RSI(14) has recovered from oversold back toward the midline as the selloff pauses.
Support: 4,000.00, 3,900.00
Resistance: 4,034.11
What it said to watch
US June CPI at 12:30 UTC then Warsh testimony 14:00 UTC — both could materially shift this read
Loss of 3986 confirms a fresh lower-low and opens the path toward the 3900 yearly low
H1 close back above 4034 day high needed to challenge the 4067 swing high
Gold slid through the $4,000 pivot into yesterday's session, printing 3986 as Waller's hike warning and Iran/Hormuz oil-inflation fears hit the bid. Buyers have since stepped in around 3990–4000 and price is grinding back to 4021, reclaiming EMA(20) while capped below EMA(50); RSI(14) has cycled back to neutral from oversold. The 4034 recovery high has held two attempts.
Support: 4,000.00
Resistance: 4,034.11
What it said to watch
Reclaim and hold above 4034 would open the path toward the 4089 weekly open
Loss of the 4000 psych pivot re-exposes the 3986 week low
US CPI 12:30 UTC and Warsh testimony 14:00 UTC are the decisive catalysts for the next break
08:03 UTC
Downtrend, bouncing off lows · RSI 53 · price 4,021.04
Lower highs, 4000 reclaimed after sweep.
Gold slid under 4000 into today's US CPI, printing a 3986 low before demand stepped in and reclaimed the psych pivot back to 4021. Price has recovered above EMA20 but sits under EMA50, keeping the week's lower-high structure intact. The 4100 cap was rejected repeatedly earlier in the week; the current bounce is unfolding below descending lower highs.
Support: 4,000.00, 3,986.00, 3,900.00
Resistance: 4,034.00, 4,067.00, 4,100.00
What it said to watch
US CPI at 12:30 UTC and Warsh testimony at 14:00 UTC are the decisive catalysts for the next break
H1 close back below 4000 reopens the 3986 swing low and the 3900 yearly low
Reclaim of 4034 session high and 4067 needed to challenge the 4100 range cap
Higher lows carved off the wk low, recovery within a broader downtrend.
Gold sold off below $4,000 midweek — from the $4,138 week high to a $3,983 wk low — after Waller's hike warning and Hormuz oil-inflation fears revived Fed tightening bets. Price has since built higher lows off that low, reclaiming the $4,000 pivot and EMA(20), but the $4,060 swing high and $4,100 range cap remain overhead with price still below EMA(50). Deeper support sits at the $3,900 yearly low.
What it said to watch
US June CPI at 12:30 UTC is the binary catalyst that could materially shift this read
Hourly close back below the $4,000 pivot re-opens the $3,983 wk low
Break above the $4,060 swing high challenges the $4,100 range cap
Recovering off weekly low after impulsive break of 4000.
Gold sold off hard through the 4000 psych pivot into the CPI window, printing a weekly low at 3986 as Waller's hike warning and Hormuz oil-inflation fears revived Fed tightening bets. Price has since based twice near 3986 and clawed back above EMA(20) to 4021, with RSI(14) lifting off oversold toward mid-range. The 4034 session high caps the bounce; 4100 remains the repeatedly rejected weekly ceiling.
Support: 4,000.00
Resistance: 4,034.11, 4,100.00
What it said to watch
US CPI at 12:30 UTC and Warsh testimony at 14:00 UTC are the decisive catalysts for the next break
A close back below 4000 re-exposes the 3986 weekly low
Reclaim of 4034 opens the path toward the 4067 prior swing
Gold was gutted below $4,000 into the NY session yesterday after Waller's hawkish CPI remarks, printing a double bottom near $3,985. A steady relief bounce since has reclaimed the EMA20 around $4,012 with RSI(14) recovering off oversold, price now grinding back toward $4,030. Prior swing at $4,067 and the $4,100 range pivot cap the upside while the EMA50 stays overhead.
Support: 4,000.00, 3,985.00
Resistance: 4,067.00, 4,100.00
What it said to watch
US June CPI at 12:30 UTC is the decisive catalyst and could reset this read
Close above 4067 opens the path back to the 4100 range pivot
Failure to hold 4000 psych reopens the 3985 double bottom
Gold was gutted below 4000 into yesterday's NY session after Waller tied a hot CPI to potential Fed hikes, printing a 3983 low before demand stepped in twice near the figure. Price has since climbed back above the H1 EMA(20) with RSI(14) recovering off oversold, retracing roughly 40% of the drop. The 4067 swing and the 4100 range pivot cap the recovery above.
Support: 4,000.00
Resistance: 4,067.00, 4,100.00
What it said to watch
US CPI at 12:30 UTC (~6.5h) is the decisive catalyst and could reset this read
Failure to hold 4000 reopens the 3983 swing low and 3900 yearly-low retest
H1 close above 4067 extends the recovery toward the 4100 pivot
05:04 UTC
Downtrend, stabilizing after flush · RSI 51 · price 4,022.26
Lower highs into sub-4000 low, bounce forming.
Gold plunged below 4000 to a 3986 week low after Fed's Waller flagged a possible hike on a hot CPI, extending a week that stayed capped under 4100. Price has since clawed back above EMA(20) to 4022 with RSI(14) recovering off oversold and diverging against the lower low. The 4043 swing and 4067 prior swing cap the bounce from above while EMA(50) sits well overhead near 4060-4080.
Support: 4,000.00
Resistance: 4,043.18, 4,100.00
What it said to watch
US CPI at 12:30 UTC (~7.5h) is the decisive catalyst and could reset this read
H1 close above 4043 then 4067 would confirm the short-covering bounce extending toward the 4100 range pivot
Failure to hold 4000 psych reopens the 3986 week low and the 3900 downside cited in the news
05:04 UTC
Downtrend, attempting to stabilise · RSI 49 · price 4,022.26
Lower highs, sweep of 4000 then bounce.
Gold gutted below 4000 through Monday's NY session after hawkish Waller remarks revived Fed-hike bets, tagging 3986 before demand stepped in. Price has since crept back above EMA(20) to 4022, but the lower-high sequence from this week's 4138 peak keeps the broader H1 tilt heavy, with EMA(50) capping near 4067. RSI(14) is lifting off oversold and printed a mild bullish divergence at the low.
Support: 4,000.00
Resistance: 4,067.00, 4,100.00
What it said to watch
US June CPI at 12:30 UTC (~7.5h) is the decisive catalyst and can override this structure
Failure to hold 4000 reopens the 3986 swing low and the 3900 yearly-low retest
H1 close above 4067 EMA(50) would neutralise the lower-high sequence toward the 4100 pivot
04:03 UTC
Downtrend, bounce off lows · RSI 46 · price 4,018.60
Lower highs, tentative double bottom near 3985.
Gold has been marked lower all week, accelerating through $4,000 into yesterday's NY session after Waller tied hot CPI to a possible Fed hike; the impulse bottomed at 3983.62. Price has since clawed back toward 4018 with buyers stepping in twice near 3985, and RSI held above its prior low as price made a marginal lower low — a bullish divergence. The recovery remains below EMA20 and EMA50, so this is a bounce within a broader downtrend.
Support: 3,985.00
Resistance: 4,043.00, 4,067.00
What it said to watch
US June CPI at 12:30 GMT today is the decisive catalyst for this read
Hourly close below 3985 confirms a lower low and negates the double bottom
Reclaim of the 4043 swing / EMA20 would signal the bounce extending toward 4067
Lower highs and lower lows, bounce off session low.
Gold has been on the back foot since Monday's reopen, sliding from the 4094 area to a session low at 3986 after Waller tied a hot CPI to a possible Fed hike. Price is holding above the 4000 psych level and grinding back toward EMA20 near 4028, with RSI(14) lifting off oversold as the bounce develops. Structure remains a sequence of lower highs — 4067 and 4043 have capped the recovery so far.
Support: 4,000.00, 3,986.00
Resistance: 4,028.00, 4,043.00, 4,067.00
What it said to watch
US June CPI at 12:30 GMT is the decisive catalyst and could reset this read
H1 close above 4043 breaks the lower-high sequence
Loss of 4000 psych and 3986 swing low opens the path toward the 3900 area
Gold rolled over from last week's range, sliding from ~4094 through the NY session to a 3986 low before demand stepped in around the 4000 psychological handle. Price is grinding back toward EMA(20) with RSI(14) turning up off its lows — the bullish divergence flagged as bears tire near 4000. Still trading below both EMA(20) and EMA(50), so the corrective read holds.
Support: 4,000.00
Resistance: 4,045.00, 4,074.00
What it said to watch
US CPI at 12:30 UTC (~9h) is the primary catalyst and could materially shift this read
Reclaim of the 4045 ema20 / 4074 prior range would ease the downtrend read
Failure to hold the 4000 psych and 3986 week low confirms a lower-low
Gold gapped lower into Monday's open (4089.91 vs Friday's 4120 close) and has ground down all week to a 3983.62 swing low before the current bounce toward 4014. Price trades below both EMA20 and EMA50 with supply capping every rally near 4067, but RSI is holding above its earlier lows even as price marked a fresh low — a bullish divergence that hints at fading downside momentum around the 4000 psych level. Structure stays bearish while lower highs persist.
Support: 4,000.00, 3,983.62
Resistance: 4,067.00
What it said to watch
US June CPI at 12:30 UTC could materially shift this read
Hold above 4000 psych keeps the bullish divergence intact
H1 close above 4067 supply would break the lower-high sequence
Loss of 3983 swing low confirms trend continuation
Gold has trended lower since the weekend open, sliding under $4,100 to a swing low at 3986 as renewed US-Iran oil risk revived inflation and Fed-hike bets. Price sits below EMA20 and EMA50, capped under a series of lower highs, but RSI(14) is posting a bullish divergence into the 4000 psych support. The 4100 pivot capped the prior bounce and remains the week's ceiling.
Support: 4,000.00
Resistance: 4,021.00, 4,067.00, 4,100.00
What it said to watch
US CPI at 12:30 UTC (~10.5h) plus Warsh testimony could break this range
Hold of 4000 psych with divergence intact vs a close below 3986 confirming a lower low
Reclaim of the 4021 prior low and 4067 swing high needed to challenge the 4100 pivot
Gold gapped lower over the weekend and has slid from ~4090 into the $4,000 area, extending the downtrend below EMA(20) and EMA(50). The move accelerated after US-Iran headlines revived inflation/Fed-hike fears, but RSI(14) is carving higher lows against the price lows near 4000 — a bullish divergence flagging fading downside momentum. The 4000 psych level and 4021 weekly low form the support cluster capping the decline.
Support: 4,000.00, 3,983.62, 4,021.00
Resistance: 4,067.00, 4,090.00
What it said to watch
Failure to hold 4000 confirms continuation toward 3984 swing low
H1 close back above 4067 bounce high and the 4090 gap open would neutralise the lower-high structure
US June CPI at 12:30 UTC (~10.5h) and Warsh testimony at 14:00 UTC could materially shift this read
Gold has trended lower all week, capped below the early-March trendline near 4138 and accelerating down after a weekend gap that opened sub-4090. The slide extended into 3983.62 as renewed Iran-driven inflation and Fed hike bets kept the USD firm, with price now pinned around the 4000 round number. RSI is basing near 40 with a mild bullish divergence into the recent low, matching the digest's read that bearish momentum is tiring.
Support: 3,983.62, 4,000.00
Resistance: 4,021.00, 4,067.00
What it said to watch
US June CPI at 12:30 UTC is the week's key catalyst and could reset this read
Failure to hold 3983.62 confirms continuation of the lower-low sequence
A reclaim of 4021 then 4067 would neutralise the downtrend structure
Warsh testimony at 14:00 UTC — tone on hikes vs the CPI print
Gold has trended lower since the weekend gap, breaking the 4021 weekly low into a 3986 session low during the NY session before stabilising around the 4000 psych level. RSI(14) is carving a higher low against price's lower low — a bullish divergence flagged in the wider read as bears tiring — but price remains capped well below EMA20. US June CPI (12:30 UTC) is the week's key catalyst into this base.
Support: 4,000.00
Resistance: 4,021.00
What it said to watch
US CPI at 12:30 UTC could break this base decisively either way
Loss of 3986 session low confirms downtrend continuation
Reclaim of 4021 weekly low would neutralise the breakdown
Gold has drifted net-lower all week, gapping down over the weekend to 4089 then extending through the NY session to a 3986 low as Iran-driven energy/inflation fears kept the USD supported. Price is basing just above the 4000 psych level with RSI showing a bullish divergence into the lows — the late-session slide losing steam. Rallies remain capped by a descending lower-high sequence into 4043 and 4067.
Support: 4,000.00, 4,021.00
Resistance: 4,043.00, 4,067.00, 4,089.00
What it said to watch
US CPI at 12:30 UTC is the week's key catalyst and could break the 4000-4067 range in either direction
Fed Chair Warsh testimony 14:00 UTC could add to the CPI-driven move
Loss of 3986 confirms a fresh lower low toward the 4021 weekly-low marker
H1 close above 4043 challenges the lower-high sequence