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 45 · price 4,052.97
Lower highs / lower lows, basing above 4000.
Gold has been in a multi-month downtrend since the early-year break below $5,000, trading well beneath a falling EMA(50) and printing successive lower highs into the $3,959 swing low. Soft June CPI (core 0% MoM) and a downside PPI cooled Fed-hike bets, sparking a bounce off the two-week low back to the low-$4,000s, but the rebound stalls under the $4,100/4,110 cap with the latest session an inside day near 4050. Price is consolidating between $3,983 and $4,110 as disinflation data and oil/Iran inflation risk offset each other.
Support: 4,000.00, 3,945.00
Resistance: 4,110.00, 4,195.48
What it said to watch
- Daily close below 4000/3983 opens the 3945 zone
- Reclaim of 4110 needed to challenge the 4195 swing high
- US Retail Sales Thu could break the consolidation
21:05 UTC
Downtrend, consolidating above 4000 · RSI 44 · price 4,052.97
Lower highs / lower lows, basing near 4000.
Gold remains in a multi-month downtrend, sliding from the 5200 highs in February to sub-4000 prints, with price trading well below a falling EMU(50). The last two weeks have compressed into a 3959–4195 consolidation above the 4000 psychological level, with today's inside day (low volume) marking a pause after soft US CPI/PPI unwound hawkish Fed-hike bets and cushioned the sell-off. Repeated stalls into the 4100/4110 band keep the rebound capped while the broader structure stays bearish.
Support: 4,000.00, 3,983.00, 3,950.00
Resistance: 4,110.00, 4,195.00
What it said to watch
- Daily close below 3983 confirms a fresh lower low and opens 3950
- Reclaim and hold above 4110 would neutralise the near-term downside pressure
- US Retail Sales Thu 16 Jul could break the 4000 consolidation either way