Sustained downtrend off the 4570 high earlier in the window, with the YTD low printed near 4023 before a recovery stalled at 4380. Price now consolidates around the 4200 pivot under a hawkish Fed and firmer USD that have kept gold pinned. ATR remains elevated but is easing off the impulse lows as the market coils between 4136 and 4220.
Support: 4,136.00, 4,120.00, 4,023.00
Resistance: 4,200.00, 4,380.00
What it said to watch
H4 close above the 4220 swing high challenges the lower-high sequence
Failure to hold 4120 week low reopens the 4023 ytd low
S&P Global PMIs Tue 13:45 GMT could materially shift this read
21:04 UTC
Downtrend, consolidating near lows · RSI 45 · price 4,191.13
Lower highs and lower lows; range carving above prior low.
Gold remains in a clear H4 downtrend, posting lower highs from the 4382 swing peak through a sixth straight weekly decline as a hawkish Fed and firmer USD/real yields cap rallies. Price is now consolidating in the 4120-4220 band, holding above the 4023 YTD low with the 4200 pivot acting as overhead resistance. ATR has eased off the panic-leg highs, signalling compression after the drop.
Support: 4,120.00
Resistance: 4,200.00, 4,246.47, 4,382.39
What it said to watch
Close above the 4200 pivot and 4246 recent high would challenge the lower-high sequence
Loss of the 4120 one-week low opens the path to the 4023 YTD low
US flash PMIs Tue 13:45 GMT and Core PCE Thu 12:30 GMT could materially shift this read
17:03 UTC
Downtrend, attempting to base · RSI 45 · price 4,183.23
Lower highs and lower lows, consolidating above 4121.
Gold remains in a multi-week downtrend, grinding lower under hawkish-Fed repricing after the FOMC held at 3.75% with lifted projections; the broad sequence of lower highs and lower lows persists from the 4565 area down to the 4023 YTD low. Price is now consolidating in a 4121-4221 band, and the bounce off the lows lacks follow-through with the candle stalling under the 4221 pivot. Price sits below both EMA20 and EMA50, keeping the structural read pointed lower.
Support: 4,121.00, 4,023.00
Resistance: 4,221.00
What it said to watch
H4 close above 4221 pivot would challenge the lower-high sequence
Failure to hold 4121 opens the path to the 4023 YTD low
Tue S&P Global PMIs and Thu Core PCE could materially shift this read
Gold remains in a clear downtrend, having shed value over multiple weeks as a hawkish FOMC and a US-Iran de-escalation stripped the safe-haven bid. Price carved a base near the 4121 swing low and is grinding back toward the 4220 cap, but the bounce lacks conviction with price still below EMA20 and EMA50. The lower-high structure off the 4382 peak stays intact while 4220 holds.
Support: 4,121.00, 4,023.00
Resistance: 4,220.00, 4,316.00, 4,382.00
What it said to watch
H4 close above 4220 would challenge the lower-high structure; above 4316 invalidates it
Failure to hold 4121 opens the path toward the 4023 ytd low
Tue S&P Global PMIs and Thu Core PCE could materially shift this read
Lower highs and lower lows; bounce off 4121 floor.
Gold remains in a multi-week downtrend, pressing toward the YTD low after the hawkish FOMC dots and rising real yields killed the safe-haven bid. Price has stabilised off the 4121 one-week floor and is consolidating in a 4150-4220 band, holding below both EMA20 and EMA50. ATR remains elevated, consistent with an active trend rather than compression.
What it said to watch
Waller speech and S&P Global PMIs could materially shift this read
Close back above 4257 would break the chain of lower highs
Loss of 4121 confirms continuation toward the 4023 ytd low
13:03 UTC
Downtrend, bounce off floor · RSI 47 · price 4,207.31
Lower highs/lows, consolidating above 4121.
Gold remains in a multi-week downtrend, pressured into a sixth weekly loss by the hawkish FOMC and higher real yields. Price carved a near-term floor at the 4121 weekly low and has recovered into a 4121-4220 consolidation, but trades below the EMA20/EMA50 cluster with the YTD low at 4023 still in reach. The bounce stalled at the 4220 recent high, well short of the 4350 swing high.
Support: 4,121.00, 4,023.00
Resistance: 4,220.00, 4,350.00
What it said to watch
Failure to hold 4121 weekly low opens the path to the 4023 ytd low
H4 close above 4220 recent high challenges the EMA cluster and lower-highs line
Waller speech 13:00 UTC and S&P Global PMIs Tue 13:45 UTC could shift this read
Core PCE Thu 12:30 UTC is the validation test for the dollar rally pressuring gold
09:03 UTC
Downtrend, bounce off lows · RSI 43 · price 4,189.62
Lower highs, higher low at 4121.
Gold remains in a multi-week downtrend off the 4595 area, printing successive lower highs as the hawkish FOMC dot plot and DXY at YTD highs cap rallies. Price carved a higher low at 4121 and has recovered toward the 4200-4210 cap, but sits below both EMA20 and EMA50. ATR is still elevated, reflecting the expansion that drove the leg from 4380 to 4121.
Resistance: 4,210.00, 4,246.47
What it said to watch
Sustained H4 close above 4210 would challenge the lower-high structure toward 4246
Loss of 4121 reopens the 4023 ytd low
Fed's Waller 13:00 UTC and Tue PMIs could materially shift this read
Gold remains in a multi-week downtrend, carving lower highs and lower lows as the hawkish FOMC dot-plot and DXY at YTD highs keep bullion pressured. Price is basing just above the 4121 one-week low after a sharp leg down from 4380, with the 4200-4210 zone capping recovery attempts. ATR is easing off the spike highs but stays elevated, leaving the 4023 YTD low as the key downside marker.
Resistance: 4,210.00, 4,246.47, 4,379.86
What it said to watch
H4 close above 4210 recovery cap relieves downside pressure toward 4246 swing high
Failure to hold 4121 one-week low opens the path to the 4023 ytd low
S&P Global PMIs Tue 13:45 UTC and Thu Core PCE could materially shift this read
Lower highs and lower lows since early-month peak.
Gold remains in a clear H4 downtrend, lower highs and lower lows extending since the early-month top as a hawkish FOMC dot plot and USD at YTD highs strip the safe-haven bid. Price bounced off the 4121 one-week low but the move was capped near 4220 before rolling back to 4171. ATR(14) stays elevated, consistent with an expanding, trending phase rather than compression.
Support: 4,121.74, 4,023.00
Resistance: 4,220.96, 4,300.00
What it said to watch
H4 close below 4121.74 opens the path to the 4023 ytd low
Reclaim of 4220.96 needed to challenge the 4300 supply cluster
Waller speech 13:00 UTC and Tue S&P Global PMIs could shift the USD-driven read
05:03 UTC
Downtrend, momentum heavy · RSI 43 · price 4,171.72
Lower highs, lower lows since 4570.
Gold remains in a clear H4 downtrend, printing lower highs and lower lows from the 4570 area as the hawkish FOMC dot plot and USD at YTD highs strip the safe-haven bid. The latest bounce off 4136 stalled at 4220 and price closed back at 4171, leaving the rejection intact. ATR(14) stays elevated, consistent with a trending, expansion regime rather than compression.
Support: 4,120.00, 4,023.00
Resistance: 4,220.00, 4,300.00
What it said to watch
H4 close below the 4120 one-week low opens the path to the 4023 YTD low
Reclaim and close above 4220 would challenge the lower-high structure toward the 4300 cluster
Fed's Waller (13:00 UTC) and Tue S&P Global PMIs could materially shift this read
01:03 UTC
Downtrend, momentum heavy · RSI 41 · price 4,147.96
Lower highs, lower lows; basing above weekly low.
Gold remains in a clear H4 downtrend, printing lower highs from the 4595 area down through 4382 as the hawkish FOMC dot-plot and YTD-high USD keep pressure on. Price is consolidating between the 4121 weekly low and the 4220 swing high after a bounce off the 4023 YTD low; ATR(14) stays elevated, consistent with an extending trend rather than compression. Both EMAs cap from above and momentum sits in the lower half of the RSI range.
Support: 4,121.00, 4,023.00
Resistance: 4,220.00, 4,300.00
What it said to watch
H4 close below 4121 weekly low opens a test of the 4023 ytd low
Reclaim of the 4220 swing high needed to challenge the 4300 cluster
S&P Global PMIs (Tue 13:45 UTC) the next high-impact catalyst for this read