Lower highs into Monday's 4322 low, higher lows since.
Gold opened Monday under Friday's close and ground lower through the London and NY sessions, from 4383.36 (monday high) down to 4322.77 (monday low), as the post-Fed dollar recovery and hawkish Fedspeak kept bullion offered. The 4337 shelf then absorbed three attempts and the Asia session has lifted price back through the ema20 near 4350 to 4363. RSI(14) has cycled from the low 40s back to ~55, leaving the week's 4399.53 week high untested since Friday's NY hours.
Support: 4,350.00, 4,322.77
Resistance: 4,383.36, 4,399.53
What it said to watch
H1 close above 4383.36 monday high would reopen the 4399.53 week high
Failure to hold the 4337 shelf and 4322.77 monday low confirms a lower low for the week
Loss of the ema20 near 4350 would invalidate the higher-lows sequence off Monday's low
US flash PMIs Wed 13:45 GMT, plus Tuesday's ADP 4-week average and Fedspeak, are the nearest high-impact risks to this range read
Lower highs since Monday's open, holding above the prior swing low.
Gold opened the week at 4375 and spent Monday grinding lower, rejecting 4383.36 — the monday high — in the Asia session before an NY-session slide to 4322.77, the monday low, as the dollar extended its post-Fed recovery. Price closed back beneath the H1 ema20 near 4349 with RSI(14) in the mid-40s, and the last five bars have compressed into a tight 4337–4357 consolidation. Friday's week high at 4399.53 still caps the rebound leg; below current price the next reference is the 4300 round number.
Support: 4,322.77, 4,300.00
Resistance: 4,349.00, 4,383.36, 4,399.53
What it said to watch
H1 close back above the 4349 ema20, then 4383.36, would restore the higher-high sequence off the monday low
Failure to hold 4322.77 confirms a lower low and exposes the 4300 round number
Fed speakers Tuesday (Williams 14:05 GMT, Jefferson, Barkin) and flash PMIs Wednesday 13:45 GMT can reprice this consolidation quickly
Lower highs since Monday's open, holding above the Monday low.
Gold has ground lower through the whole of Monday from the weekly open near 4375, printing a sequence of lower highs — 4383, then the 4371 day high — with the DXY's post-Fed recovery and a steady stream of hawkish Fedspeak doing the work. The NY session produced the flush to the 4322.8 monday low before a recovery into the 4337.5–4349 pocket, where price has coiled in a tight 10-dollar band for the last four bars under a flattening EMA20 around 4349. RSI(14) at 44 has stopped making new lows alongside price, so downside momentum has faded even as the structure stays capped.
Support: 4,337.50, 4,322.80, 4,300.00
Resistance: 4,349.00, 4,371.00
What it said to watch
An hourly close back above the 4349 ema20 and then the 4371 day high would break the lower-high sequence
Loss of the 4337.5 session low puts the 4322.8 monday low back in play, below which 4300 psych is the next reference
ADP 4-week average and Fedspeak (Williams, Jefferson, Barkin) Tuesday can reset the intraday range
S&P Global flash PMIs Wednesday 13:45 GMT are the nearest high-impact print and could materially shift this read
Lower highs off Monday's open, basing above 4322 low.
Gold opened the week near 4375 and was sold through the London and NY sessions to 4322.77, snapping last week's two-day rebound as a firmer dollar held its post-FOMC gains. Since that low, price has coiled in a 4337-4357 band with the declining EMA(20) near 4348 capping every attempt, and the bounce high at 4371 marking the session's failed push. RSI(14) has held between 40 and 55 since Monday's open, consistent with drift rather than fresh impulse.
Support: 4,337.50, 4,322.77
Resistance: 4,348.00, 4,371.00
What it said to watch
Sustained H1 acceptance above the ema20 at 4348 and then the bounce high at 4371 would break the lower-high sequence
Loss of the 4337.5 range floor puts the 4322.77 monday low back in play
Fedspeak Tuesday (Williams, Jefferson, Barkin) and Wednesday's US flash PMIs are the catalysts that could break this consolidation
Lower highs since Monday's open inside the wider post-FOMC range.
Gold has ground lower through Monday's sessions from the 4383.36 monday high, printing a sequence of lower highs and losing the EMA20 (~4351) in the London session; the NY hours dip to 4322.77 monday low was absorbed and price has stabilised around 4344. The weakness fits the firmer dollar and hawkish Fedspeak described in the digest, leaving the metal mid-range between the 4235.03 week low and the 4399.53 week high set late last week. RSI(14) sits mid-40s with no divergence, and each bounce so far has stalled under the EMA20.
Support: 4,322.77, 4,235.03
Resistance: 4,351.00, 4,383.36, 4,399.53
What it said to watch
H1 close back above the 4351 ema20 would break Monday's lower-high sequence
Acceptance under 4322.77 monday low reopens the post-FOMC band toward the 4235.03 week low
Fedspeak Tuesday (Williams 14:05, Jefferson 14:20, Barkin 17:00 UTC) can reset the intraday range
S&P Global flash PMIs Wed 13:45 UTC are the week's high-impact risk to this range read
18:18 UTC
Range-bound, drifting lower since Monday's open · RSI 45 · price 4,344.77
Lower highs off Friday's 4397 peak, base holding above 4322.
Gold opened the week at the 4375 weekly open, tagged 4383.36 as the Monday high in early hours and has ground lower through London and into NY, printing 4322.77 before stabilising near 4345. That low sits just under the 38.2% retracement of the Thursday–Friday impulse off the 4235 fomc low, and price is now capped by EMA20 around 4351 with RSI(14) parked in the mid-40s — the firmer dollar and hawkish Fedspeak flagged in the digest have kept rallies short-lived. Net, the metal is mid-range and directionless after last week's violent post-FOMC round trip.
Support: 4,322.77, 4,235.03
Resistance: 4,351.00, 4,375.23, 4,383.36
What it said to watch
Hourly close back above the 4375 weekly open would invalidate the lower-highs read and put the 4383.36 monday high back in play
Failure to hold 4322.77 monday low confirms a lower low and reopens the 4235 fomc low area
Fedspeak Tuesday (Williams, Jefferson, Barkin) and Wednesday's S&P Global flash PMIs are the catalysts most likely to break this range
17:05 UTC
Corrective drift lower inside a wider range · RSI 43 · price 4,343.16
Lower highs since Monday's open, day low at 4322 intact.
Since Friday's push to the 4399.53 week high the metal has faded all session Monday, printing a sequence of lower highs — 4383, 4374.84 — with the NY session slide taking it to a 4322.77 day low before a bounce back to the mid-4340s; a firmer dollar and hawkish Fedspeak were the drivers named in the wider read. Price is trading under EMA(20) near 4353, which capped the last two attempts, and RSI(14) has been pinned in the low 40s without reaching oversold. The whole four-day window is a round trip: the post-FOMC 4235 low, the recovery leg through 4320, and now a pullback sitting on the 38.2% retracement of that leg.
Support: 4,322.77, 4,300.00
Resistance: 4,353.00, 4,374.84, 4,399.53
What it said to watch
Hourly close back above the 4353 ema20 and then 4374.84 prior high would break the lower-high sequence
Failure to hold the 4322.77 day low confirms a lower low and exposes the 4300 round number
Fedspeak Tuesday (Williams, Jefferson, Barkin) and Wednesday's US flash PMIs are the events most likely to reshape this range read
Lower highs from 4383 with price below EMA20 and EMA50.
Gold has ground lower all of Monday's session from the 4375 weekly open, printing a clean sequence of lower highs — 4383.36, 4377, then 4371.01 — as a firmer dollar and hawkish Fedspeak reasserted after last week's violent post-FOMC round trip. The NY session pushed price through the EMA20 near 4353.5 and down to a day low of 4322.77 before a partial recovery into 4346; EMA20 now sits below EMA50 after the cross. RSI(14) at 42 is mid-range rather than washed out, consistent with drift inside the broader 4320–4400 weekly band rather than an impulsive leg.
Support: 4,322.77, 4,304.53
Resistance: 4,353.50, 4,371.01, 4,383.36
What it said to watch
Hourly close back above the EMA20 at 4353.5, then 4371.01 day high, would break the lower-highs sequence
Failure to hold 4322.77 day low opens the 4304.53 swing low area
Fedspeak from Williams, Jefferson and Barkin on Tuesday, then Wednesday's US flash PMIs, are the events most likely to break this week's range read
15:04 UTC
Lower since Monday's open, momentum down · RSI 36 · price 4,340.69
Series of lower highs and lower lows inside last week's range.
Gold has ground lower all of Monday from the 4375.23 weekly open, printing a day high of 4383.36 in the Asia/early London hours and then a sequence of lower highs into the NY session, where the 4322.77 session low was set — consistent with the firmer dollar and hawkish Fedspeak flagged in the digest. Price trades below the EMA20 near 4355, which has capped every bounce attempt since the European open, including the sharp 4374.84 probe that was immediately rejected. RSI(14) at 36 is at its lowest of the week without yet reaching an extreme, and the whole move remains inside last week's post-FOMC 4235–4400 range.
Support: 4,322.77, 4,300.00
Resistance: 4,355.00, 4,375.23, 4,383.36
What it said to watch
An hourly close back above the 4355 ema20 would break the chain of lower highs
Loss of the 4322.77 session low on a closing basis opens the 4300 round number
Reclaiming the 4375.23 weekly open would neutralise Monday's downside rotation
Fed speakers Tuesday (Williams, Jefferson, Barkin) and Wednesday's flash PMIs are the events most likely to reset this range read
14:04 UTC
Last week's rally stalling, lower highs since Monday's open · RSI 40 · price 4,343.54
Rotation inside the 4320-4400 post-FOMC range; price back under EMA20/EMA50.
Gold ran into 4399.53 late last week and has spent the whole of Monday's session grinding lower, printing successive lower highs from 4383.36 through 4371.01 as the dollar firmed on hawkish Fedspeak. Price has closed back below both the EMA20 near 4357 and the EMA50 near 4353, with RSI(14) sliding to ~40 — the weakest reading since Wednesday's post-FOMC flush. Demand has so far held the 4340.13 session low on three attempts, keeping the move a rotation inside the broader 4320-4400 range rather than a directional break.
Support: 4,340.13, 4,320.00
Resistance: 4,357.00, 4,383.36, 4,399.53
What it said to watch
Hourly close back above the 4357 ema20 would neutralise the lower-highs sequence
Loss of the 4340.13 session low opens the 4320 100d sma as the next reference
Acceptance above 4383.36 day high would put the 4399.53 week high back in play
US S&P Global flash PMIs Wed 13:45 UTC are the week's only high-impact print and can reset this range read
13:05 UTC
Last week's rally stalling, two-way drift this week · RSI 45 · price 4,359.21
Lower highs since Monday's Asia high, base holding 4340.
Gold opened the week near 4375 and bled lower through the Asia and London sessions, printing a monday low at 4340 — effectively a retest of the 38.2% retracement of last week's 4235–4399 impulse — before an 11:00 UTC pop stalled at the session high around 4375. The monday high at 4383 has capped every attempt, leaving a clean lower-high sequence, and price is now pinned to EMA(20) near 4360 with RSI(14) around 45. Hawkish Fed pricing and a firmer dollar are the drag on the tape, while last week's prior wk high at 4399 has not been retested.
Support: 4,340.10, 4,324.20
Resistance: 4,374.80, 4,383.40
What it said to watch
H1 close above 4383 (monday high) would break the lower-high sequence off Monday's Asia peak
Failure to hold 4340 (monday low) exposes the 4324 swing low and deeper retracement of the week impulse
Sustained acceptance back above EMA(20) at ~4360 is the first sign the Monday slide has been absorbed
Fedspeak Tue (Williams 14:05, Jefferson 14:20, Barkin 17:00 UTC) and flash PMIs Wed 13:45 UTC could reset this read
Lower highs from 4383 inside a 4340-4400 range, Thursday's higher-low base intact.
Monday started at the weekly open of 4375.23, printed a monday high of 4383.36 in Asia hours and then bled lower through London to 4340.13, almost exactly the 38.2% retracement of the 4235-4399.53 Thursday-Friday impulse, before a 26-point recovery into the NY open pushed price back above the ema20 near 4360. The week high at 4399.53 capped Friday's advance as the Dollar stayed firm on hawkish Fed pricing, and RSI(14) has cycled down from the low-60s to 46 without reaching oversold. Range structure dominates: supply at 4383-4400, demand stepping in at 4340 for now.
Support: 4,360.00, 4,340.13, 4,320.00
Resistance: 4,375.23, 4,383.36, 4,399.53
What it said to watch
H1 close above the monday high at 4383.36 would end the sequence of lower highs and put the 4399.53 week high back in play
Failure to hold the monday low at 4340.13 confirms a lower low and opens the 4320 swing low
Loss of the ema20 around 4360 on a closing basis would re-establish the Monday downward drift
Fedspeak from Williams, Jefferson and Barkin on Tuesday, then Wednesday's flash PMIs, are the events most likely to break this range read
11:04 UTC
Downtrend within last week's range, momentum fading lower · RSI 36 · price 4,343.56
Series of lower highs and lower lows since Monday's open, price under EMA20/EMA50.
Gold has ground steadily lower since Monday's open at 4375.23, printing a clean sequence of lower highs — 4383.36 early in the London session, then 4362, then 4356.71 — after Friday's failure below the 4399.53 week high. Hawkish Fedspeak (Kashkari, Schmid) and a firmer haven dollar have kept rallies capped, with each bounce rejected under the H1 EMA20 near 4357. Price sits on the 4340.13 day low with RSI(14) at 36, holding just above the 38.2% retracement of last week's 4235–4399.53 impulse.
Support: 4,340.13, 4,324.00, 4,317.30
Resistance: 4,357.00, 4,375.23, 4,383.36
What it said to watch
Hourly close back above the 4357 ema20 and then the 4375.23 weekly open would break the lower-high sequence
Loss of the 4340.13 day low exposes the fib 50% at 4317.3 and the 4324 swing low area
Fed's Goolsbee at 10:30 UTC and Tuesday Fedspeak (Williams, Jefferson, Barkin) can reprice the yield leg driving this grind
US S&P Global flash PMIs Wednesday 13:45 UTC are the week's main risk to this read
Lower highs since the 4,400 failure, price back under EMA20.
Gold's post-FOMC rebound off 4,235 ran into supply twice at 4,397–4,400 — Thursday's NY session and again late Friday — and the market has spent the Asia and early London hours slipping from the 4,375.23 weekly open toward 4,352, with hawkish Fedspeak and a firmer dollar capping bounces. Price has closed below EMA20 (≈4,361) for eight straight bars and has now also lost EMA50 (≈4,355), while RSI(14) has drifted into the low 40s without reaching oversold. The 4,341.92 monday low sits just under spot and is the first structural reference; the 38.2% retracement of the 4,235–4,399.53 impulse lies around 4,337.
What it said to watch
H1 close back above the 4,375.23 weekly open would invalidate the lower-highs read
Failure to hold 4,341.92 monday low confirms a lower-low and exposes the 4,320 100dma
A third rejection at the 4,400 ceiling versus a close above it decides range or breakout
US S&P Global flash PMIs Wed 13:45 UTC and today's Fedspeak could materially shift this read
07:06 UTC
Pullback within a broad range, Monday momentum lower · RSI 42 · price 4,346.73
Lower highs all of Monday, still above Friday's base.
Friday's push into 4399.5 was rejected at the 4400 ceiling and price has bled lower every hour since Monday's Asia open, losing EMA(20) near 4363 during the Asian range and extending into the London session at 4346.73. The drift is consistent with the renewed dollar bid off weekend hawkish Fedspeak (Kashkari, Warsh) and haven demand on Middle East headlines, which has capped bullion rather than supported it. RSI(14) at ~42 has cycled down from Friday's highs without reaching oversold, and the 4341 shelf that contained Friday's dip is the first structural test.
Support: 4,341.00, 4,320.00
Resistance: 4,363.00, 4,399.50
What it said to watch
An H1 close back above EMA(20) near 4363 would break Monday's lower-high sequence
Loss of the 4341 shelf confirms a lower low and exposes the 4320 100-dma
Fed's Goolsbee at 10:30 UTC is the nearest catalyst that could reshape this read
Higher lows since Wednesday, but Monday printing lower highs under EMA20.
The dominant move of the week was the post-FOMC flush to 4235 on Wednesday and the two-session rebound that followed, with the NY sessions on Thursday and Friday driving price back through 4320 to 4399.53 and then 4396.98 — two failures within 3 dollars, leaving a double top cap. Monday's Asia session has drifted lower into 4354, slipping under EMA20 at 4366.80 and pressing the 4355 area as hawkish Fedspeak (Kashkari, Warsh) kept the dollar near seven-week highs. RSI(14) has cycled back to the 48 midline from Friday's highs, and the asia high at 4383.36 is the first lower high of the new week.
Support: 4,354.17, 4,320.00
Resistance: 4,366.80, 4,383.36, 4,399.53
What it said to watch
Loss of the 4354 session low and then the 4340 swing low would confirm a lower low and put the 100-dma at 4320 back in play
An hourly close back above EMA20 at 4366.80 would keep the week's higher-low sequence intact
Acceptance above the 4383 asia high is required before the 4399 week high and double top cap come back into focus
Fed's Goolsbee at 10:30 UTC today, then S&P Global US flash PMIs Wednesday 13:45 UTC, are the yield-driven risks to this read
Higher lows intact but capped by lower highs below 4400 — compressing.
The dominant move of the window was Wednesday's hawkish FOMC flush to 4235, followed by a two-session recovery through Thursday and Friday's NY hours that peaked at the 4399.5 week high as yields and crude backed off. Since then price has built a pair of failed pushes at 4397/4399 and drifted lower through Monday's Asia session, slipping under the weekly open at 4375.2 and below EMA(20) with RSI(14) back at the mid-point. Support at the 4357.9 asia low is the first shelf, with Friday's low at 4342.7 beneath it.
Support: 4,357.90, 4,342.70, 4,320.00
Resistance: 4,375.20, 4,383.40, 4,399.50
What it said to watch
Hourly close back above 4383.4 prior high, then 4399.5 week high, invalidates the double top read
Loss of the 4357.9 asia low exposes 4342.7 friday low and the 4320 round number
Reclaiming the 4375.2 weekly open would put price back above EMA(20) and neutralise the lower-highs sequence
S&P Global US PMIs Wed 13:45 UTC are the main scheduled risk to this consolidation; Fedspeak through Monday–Tuesday can shift it sooner
Gold's recovery off the post-FOMC 4235 low stalled into Thursday's 4399.53 week high and Friday's 4396.98 retest, leaving a run of lower highs into the weekend as the yield and oil pullback that fuelled the bounce lost steam. Monday's Asia session has drifted from the 4375.23 weekly open down to 4363.77, slipping under EMA(20) near 4372 while still holding above EMA(50), with RSI(14) back to the mid-40s. The 4358.67 session low and Friday's 4342.73 low mark the near-side structure of the range that has contained price since Thursday's NY hours.
Support: 4,358.67, 4,342.73, 4,320.00
Resistance: 4,375.23, 4,383.36, 4,399.53
What it said to watch
Hourly close back above the 4383.36 session high would reclaim the weekly open and restore the 4400 approach
Loss of the 4358.67 session low puts the 4342.73 friday low in play, and below that the 4320 prior support
Wed 13:45 UTC S&P Global US PMIs are the week's only high-impact prints and could materially shift this read; Fed's Goolsbee today 10:30 UTC is the nearer input
02:05 UTC
Uptrend off the post-Fed low, momentum flattening · RSI 53 · price 4,376.58
Series of higher lows capped by a 4342–4399 upper range.
Gold has ground out a chain of higher lows since Thursday's post-FOMC flush to 4235, with the dominant push coming in the NY sessions on Thursday and Friday into the 4399.50 week high; the yield and crude pullback described in the digest is the driver behind that recovery rather than fresh demand. Price is now pinned around the EMA20 near 4376 after a shallow weekend gap, with Monday's Asia session holding a 4358.70 day low and stalling under the 4383.40 asia high. RSI(14) has cycled back to the low 50s from Friday's upper readings, so the trend structure is intact but the impulse has flattened out.
Support: 4,358.70, 4,342.70, 4,320.00
Resistance: 4,383.40, 4,399.50
What it said to watch
Acceptance above the 4399.50 week high would extend the recovery leg; repeated failure there keeps the 4342–4399 consolidation in force
An H1 close below the 4342.70 swing low breaks the higher-low sequence and re-exposes the 4320 100-dma
Loss of the EMA20 on a closing basis, after four sessions of pullbacks holding it, would be the first structural crack in the bounce
Fed's Goolsbee at 10:30 UTC today and S&P Global US PMIs Wed 13:45 UTC are the events most likely to reset this range
Gold has climbed in a stair-step of higher lows since the post-Fed flush to 4235.03 on Wednesday, with the dominant leg coming in the NY sessions of Thursday and Friday as yields and crude eased. Two attempts at the week high near 4399.53 were rejected, and the Asia session has opened the new week slipping back under the ema20 around 4377.50, price now sitting on the 4366.44 session low with RSI(14) back near the mid-40s after cycling from overbought. Structure between 4342.73 and 4400 is consolidation rather than continuation.
Support: 4,366.44, 4,342.73, 4,320.00
Resistance: 4,377.50, 4,399.53, 4,422.00
What it said to watch
Hourly close above 4399.53 week high removes the 4400 cap and opens the 4422 boll mid
Loss of 4342.73 fri swing low breaks the higher-low sequence and puts the 4320 100-dma zone back in play
Reclaiming the ema20 at 4377.50 would restore the post-Fed recovery slope
Dense Fed speaker slate this week and S&P Global US PMIs Wed 13:45 UTC could reset this range read
00:06 UTC
Recovery uptrend, momentum stalling at range top · RSI 47 · price 4,368.57
Higher lows off the post-Fed low, capped under 4400.
The dominant move of the week was the FOMC hour, a single H1 bar from 4368 down to 4235 on the hawkish 25bp hike, followed by a steady three-session rebound that reclaimed the 4320s and ran into 4399.50 during the NY session on Thursday and again Friday, where supply capped price twice. Since then the tape has coiled between the friday low at 4342.70 and that week high, with RSI(14) back to the mid-40s and the thin Sunday-open bars slipping just under EMA(20) near 4374.50. Pullbacks through the rebound have held a rising line of higher lows off 4235.03, so structure is still constructive while 4342.70 holds.
Support: 4,342.70, 4,324.20
Resistance: 4,374.50, 4,399.50
What it said to watch
Hourly acceptance above the 4399.50 week high would end the consolidation read under 4400
Loss of the friday low at 4342.70 breaks the higher-lows line and exposes the 4324.20 swing low
Price remains beneath EMA(20) at 4374.50 — reclaiming it is the first sign the Friday cap is being worked through
S&P Global US flash PMIs Wed 13:45 UTC are the week's main data risk and could reprice this range quickly
Fed's Goolsbee today 10:30 UTC is the first post-FOMC steer and may move the front end intraday