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.
19:35 UTC
Downtrend, momentum accelerating · RSI 35 · price 4,155.54
Lower highs and lower lows since late Feb.
Gold has been in a structural downtrend since the late-Feb $5,419 high, with price trading well below a falling EMA(50) on D1. This week's hawkish Warsh-led FOMC and DXY at YTD highs drove a fresh leg down, breaking the $4,200 support and printing a $4,023 swing low before a weak bounce stalled. Rallies into the $4,280–$4,300 supply cap have been rejected, and the prior $4,218 pivot now sits overhead as resistance.
Support: 4,067.00, 4,000.00
Resistance: 4,218.00
What it said to watch
- Daily close back above 4218 prior pivot would ease the downside pressure
- Loss of 4067 swing low opens the path toward 4000 psych
- S&P Global PMIs Tue could materially shift this read
19:35 UTC
Downtrend, momentum heavy · RSI 39 · price 4,155.54
Lower highs / lower lows since late Feb.
Gold has been in a sustained multi-month downtrend off the 5419 high printed in late February, carving a clean chain of lower highs and lower lows with price pinned beneath a falling EMA(50). The hawkish Warsh-led FOMC and USD push to YTD highs drove the latest leg into the 4023 swing low; a bounce stalled at 4369 and price has rolled back over, now testing the 4067/4000 support shelf. Rallies remain capped at the 4280-4300 supply cluster.
Support: 4,067.00, 4,000.00
Resistance: 4,290.00, 4,369.00
What it said to watch
- Loss of 4067 swing low opens the path to the 4000 round number and deeper flush
- Daily close back above 4290 supply would challenge the lower-high sequence
- S&P Global PMIs (Tue) and Core PCE (Thu) could materially shift the USD-driven read