Lower highs and lower lows since Monday; tight post-PMI band above week low.
Gold has printed lower highs all week, from Monday's 4383 peak through Tuesday's 4376 and 4371 highs to Wednesday's 4369 Asia high. The Wednesday sell-off ran through London, and the hot US flash PMIs in the NY session broke the Tuesday low at 4291.61 as yields pushed above 5.1%, setting a new week low at 4274.79. Since then price has compressed in a 4275–4299 band below the EMA(20), with RSI(14) near 30 and lifting slightly off its post-data trough.
Support: 4,274.79, 4,250.00
Resistance: 4,291.61, 4,303.00, 4,322.07
What it said to watch
H1 close back above the tue low at 4291.61 and the ema20 near 4303 would neutralise the post-PMI breakdown
Failure to hold the week low at 4274.79 extends the lower-low sequence toward the 4250 round number
A rebound stalling beneath the 50% fib of the Wednesday sell-off at 4322 keeps the lower-high trendline read intact
Thu Fed Williams (08:10 UTC) and Initial Jobless Claims (12:30 UTC, f/c 201K) could materially shift this read
21:08 UTC
Downtrend, lower lows into NY · RSI 38 · price 4,287.38
Lower highs since Friday's 4399.53 top; post-PMI range 4275-4299.
Gold has printed lower highs since Friday's 4399.53 top. Wednesday's Asia bounce to 4369 stalled at the lower-highs trendline, and selling began in Asia and extended through London. The hot US PMIs in the NY session then took out Tuesday's 4291.61 low to a fresh week low at 4274.79 as yields pushed above 5.1%. Price sits below EMA(20) near 4306 and EMA(50) near 4325, with RSI(14) around 38 after a low-30s reading, and post-PMI bounces have stalled at the 4299 pmi cap.
Support: 4,274.79, 4,250.00
Resistance: 4,298.70, 4,306.00
What it said to watch
H1 close back above 4306 (ema20) would be the first reclaim since Wednesday's London session and puts the 4322 monday low, near the 50% level of the Wed selloff fib, in view
Failure to hold the 4274.79 week low extends the lower-low sequence toward the 4250 round number
A break of the lower-highs trendline, near 4365 now, would negate the week's downtrend structure
Thu Initial Jobless Claims (12:30 UTC, f/c 201K) plus Williams and Hammack remarks could materially shift this read
Lower highs and lower lows; Mon–Tue range broken lower.
Gold has printed lower highs in every session since Friday's 4399 peak. The Tuesday London-open rebound from 4291 to 4371 stalled at the lower-highs trendline in Asia today. The sharp US PMI beat in NY hours then broke Tuesday's low and set a fresh week low at 4274.79. Price is now basing just under the tuesday low, with EMA(20) near 4302 overhead and RSI(14) hovering around 30.
Support: 4,274.79, 4,250.00
Resistance: 4,291.61, 4,302.00
What it said to watch
Hourly close back above the tuesday low at 4291.61 and ema20 near 4302 would neutralise the breakdown
Failure to hold the week low at 4274.79 extends the lower-low sequence toward the 4250 round number
Recovery through the monday low / fib 50% zone near 4322 would challenge the lower-highs trendline read
Thursday's Jobless Claims (12:30 UTC) and Williams/Hammack Fedspeak could materially shift this read
19:04 UTC
Downtrend, lower highs since Monday's open · RSI 31 · price 4,289.84
Lower highs and lower lows; Mon–Tue range broken lower post-PMI.
Gold has printed lower highs all week, from 4383 Monday to 4376 Tuesday and 4369 in Wednesday's Asian range, capped by a descending trendline, while lows stepped down from the 4322.77 Monday low to Tuesday's 4291.61. The hot S&P Global PMI beats hit in the NY session and pushed yields and USD higher, breaking the 4300 psych handle and Tuesday's low to a 4274.79 week low. Price is now in a tight 4275–4298 consolidation below the ema20 near 4310, with RSI(14) holding near 30 rather than turning up.
Support: 4,274.79, 4,250.00
Resistance: 4,300.00, 4,310.00, 4,322.77
What it said to watch
Hourly closes back above the 4300 psych level and the ema20 near 4310 (38.2% fib) would signal the post-PMI slide is stalling
Failure to hold the 4274.79 week low extends the lower-low sequence toward the 4250 round number
Recovery to the 4322.77 monday low (50% fib) would retest broken range support
Close above the descending trendline near 4364 invalidates the lower-highs read
Initial Jobless Claims (12:30 UTC Thu) and Williams/Hammack Fedspeak could materially shift this read
Lower highs since Monday; Tuesday low broken to a new week low.
Rebounds have faded along a lower-highs line since Monday's 4383 high, with caps at 4376, 4371 and 4369 in Wednesday's Asian session. Selling built through Wednesday's Asia and London sessions, then the flash US PMI beat in NY hours broke the 4291.61 tue low and printed a 4274.79 week low. Price now sits back at the tue low and just under the 4300 psych level, below EMA(20) near 4312 (also the 38.2% of the Tuesday-Wednesday leg fib) and EMA(50) near 4329. RSI(14) has lifted to ~37 from 26 on the PMI bar.
Support: 4,291.61, 4,274.79
Resistance: 4,300.00, 4,311.60, 4,329.10
What it said to watch
H1 close back above the 4300 psych level and the ema20 near 4312 would be the first reclaim since the PMI break
Failure to hold the 4291.61 tue low re-exposes the 4274.79 week low; a break extends the lower-low sequence
Recovery through the ema50 near 4329 and the 61.8% of the Tuesday-Wednesday leg fib near 4334 would challenge the lower-highs read
Thu jobless claims (12:30 UTC, f/c 201K) plus Williams, Hammack and Paulson Fedspeak could materially shift this read
Lower highs since Monday; Mon–Tue range floor broken.
Highs have stepped lower all week, from Monday's 4383.36 week high to 4376, 4371 and Wednesday's 4369 Asian high. Wednesday's decline accelerated during NY hours as the blowout US flash PMIs lifted the dollar, breaking the Mon–Tue range floor at the tue low of 4291.61 and printing a new week low at 4277.62. Price sits about $28 below the EMA(20) near 4312 with RSI(14) near 35, and the first bounce stalled at 4298.69, just under psych 4300.
Support: 4,277.62, 4,250.00
Resistance: 4,291.61, 4,300.00
What it said to watch
H1 close back above psych 4300 and the tue low at 4291.61 would turn the range break into a false break
Failure to hold the week low at 4277.62 extends the lower-low sequence toward the 4250 round number
A recovery through the EMA(20) near 4312, which lines up with the 38.2% of Wednesday's decline fib, would test the downtrend read
The lower-highs trendline from Monday's high sits near 4365; only a close above it breaks the downtrend structure
Thu Jobless Claims (12:30 UTC, f/c 201K) and Williams/Hammack Fedspeak could materially shift this read
Gold has printed lower highs all week. Monday's 4,383 week high gave way to a 4,376 cap on Tuesday, then 4,371 in Tuesday's NY rebound and 4,369 in Wednesday's Asia session. London ground price lower, and the hot US flash PMI beat in the first hours of NY broke Tuesday's low at 4,291.61, setting a new week low at 4,277.62 with price well below EMA(20) and RSI(14) near 27, oversold. Above price, the Tuesday low and the 4,300 round number now sit overhead, and the 38.2% fib of Wednesday's drop at 4,312.66 lines up with EMA(20).
What it said to watch
H1 close back above the 4,291.61 Tuesday low and the 4,300 round number would turn the break into a false break
Failure to hold the 4,277.62 week low extends the lower-low sequence toward the 4,250 round number
Recovery through the 38.2% fib at 4,312.66 (near EMA20) would be the first test of the lower highs structure
Williams (08:10 UTC Thu), Jobless Claims (12:30 UTC, f/c 201K) and Hammack/Paulson could materially shift this read; Trump–Xi headlines add haven risk
Lower highs since Thursday; range low broken on PMI.
Lower highs have stacked up since last Thursday's 4399 peak, with rejections at 4383 on Monday, 4376 on Tuesday and a 4369 Asia high on Wednesday. The hot US flash PMIs pushed gold through the Tuesday low at 4291.61 during NY hours to a week low of 4277.88. RSI(14) dipped under 30 before recovering to about 34, and price now retests the break from below EMA(20) near 4320 and EMA(50) near 4334, the latter aligned with the 61.8% of the Wednesday sell-off.
Support: 4,291.61, 4,277.88
Resistance: 4,300.00, 4,319.60, 4,334.40
What it said to watch
H1 close back above the 4300 round number and the ema20 near 4320 would neutralise the range break
Rebound stalling at the ema50 / 61.8% of the Wednesday sell-off (~4334) keeps the lower-high sequence intact
Failure to hold the week low at 4277.88 confirms a fresh lower-low
Break of the lower-highs line, now near 4365, would end the sequence of lower highs
Thursday's Jobless Claims (12:30 UTC, f/c 201K) and Williams/Hammack remarks could materially shift this read
Lower highs from 4399.53 Fri; range low 4291.61 broken.
Gold has printed a lower high every session since Friday's 4399.53 peak. Wednesday's steady London-to-NY slide took out Tuesday's 4291.61 low around the US flash PMI window, with the USD at two-month highs on Fed-hike pricing, and marked a session low at 4280.90. Price sits below the 4300 round number and the EMA(20) near 4320, which capped every H1 bounce today, with RSI(14) oversold in the mid-20s.
Support: 4,280.90, 4,250.00
Resistance: 4,291.61, 4,300.00, 4,320.00
What it said to watch
H1 close back above the 4291.61 tuesday low would mark the range break as a false break
Failure to hold the 4280.90 session low exposes the 4250 round number
Reclaim of 4300 and the ema20 near 4320 needed to interrupt the lower-highs sequence
Lower-highs trendline near 4365 remains the structural cap on the downtrend
Fed's Barr at 14:05 UTC and Thursday jobless claims at 12:30 UTC could materially shift this read
13:28 UTC
Downtrend within the weekly range, pressing the lows · RSI 36 · price 4,308.84
Lower highs from Monday's 4383 peak into a retest of the 4291 week low.
Gold has printed a series of lower highs since Monday's 4383 peak. Wednesday's Asia and London sessions drove a roughly $75 slide from 4369 back to the Tuesday week low area as the USD pushed to a two-month high on hawkish-Fed pricing. Price is holding just above the 4300 round number and below a declining EMA(20) near 4330, with RSI(14) near 36 and not yet oversold. The 4350 prior shelf and the 4375 weekly open sit above as the levels where rebounds stalled this week.
Support: 4,300.00, 4,291.61
Resistance: 4,330.00, 4,350.00, 4,375.23
What it said to watch
US flash PMIs at 13:45 UTC and Fed's Barr at 14:05 UTC could materially shift this read
An H1 close below the 4291.61 week low breaks the range floor and confirms a lower-low
Reclaiming the ema20 and the 38.2–50% fib of Wednesday's selloff (4323–4332) would show the retest of the lows holding
A break of the lower highs trendline near 4366 and of the weekly open at 4375 invalidates the descending structure
Lower highs since Monday's open, price pressing the week's low zone.
Price has traded below EMA(20) and EMA(50) since Tuesday's NY session, with each bounce capped lower — 4383 Monday, 4376/4371 Tuesday, 4369 in today's Asia session after the Iran-diplomacy pop. The reversal through London took gold back under the weekly open near 4375 and through 4300, with the dollar at a seven-week high post-Fed doing the work; the 4294.66 day low sits just above Tuesday's 4291.61 week low, leaving a double bottom on the H1 chart. RSI(14) near 30 with no bullish divergence yet as the lower-high sequence stays intact.
Support: 4,300.00, 4,294.66, 4,291.61
Resistance: 4,333.00, 4,350.00, 4,369.34
What it said to watch
US flash PMIs at 13:45 UTC and Fed's Barr at 14:05 UTC land inside the next two bars — the nearest catalyst for this read
Hourly close back above the 4333 ema20 would break the lower-highs sequence that has held since Monday
Failure to hold 4291/4294 confirms a lower low and voids the double bottom
Reclaim of 4350 first res would put the 4369 day high back in play
Sequence of lower highs and lower lows since Monday's high; price below EMA20 and EMA50.
Gold opened the week at 4375.23, printed 4383.36 on Monday and has traded a clean lower-high chain since, with Tuesday's 4291.61 low the week's base. The Asia session spike to 4369.34 on US-Iran de-escalation headlines was rejected and unwound through London hours as the Dollar pushed to a seven-week high, leaving price 4316.14 below both the EMA20 near 4332.50 and the EMA50 near 4340.50 with RSI(14) at 31.5 and no divergence yet.
Support: 4,308.42, 4,300.00, 4,291.61
Resistance: 4,332.50, 4,340.50, 4,369.34
What it said to watch
US flash PMIs at 13:45 UTC and Fed's Barr at 14:05 UTC land inside the next few bars and can reset this read
An H1 close back above 4340.50 (ema50) would break the lower-high sequence off Monday's high
Failure to hold 4308.42 (today's low) exposes the 4300 round number and Tuesday's 4291.61 low
RSI(14) below 35 with price stalling above 4308 would be the first sign of momentum exhaustion rather than continuation
Sequence of lower highs since Monday's open, pressing back toward Tuesday's low.
Since Monday's open at 4375 the H1 series has printed steadily lower highs — 4383 week high, then 4376, 4371 and 4369 in Wednesday's Asia session — with each bounce capped ahead of EMA(20), now around 4334. The rebound off Tuesday's 4291 low to 4371 on the Iran/Hormuz headlines has been fully retraced through the Asia and early London hours as the dollar held its July-30 high on hawkish Fedspeak. RSI(14) at ~36 is at the low end of its weekly cycle but not yet oversold, and 4300 psych plus the 4291 tues low are the immediate references below.
Support: 4,300.00, 4,291.61
Resistance: 4,334.00, 4,369.34, 4,383.36
What it said to watch
US flash PMIs at 13:45 UTC and Fed's Barr at 14:05 UTC land inside the next bars and can materially shift this read
H1 close below 4291.61 tues low confirms a lower low and breaks the week's 4290-4400 range floor
Reclaiming 4334 ema20 on a closing basis would be the first break of the lower-high sequence
Failure to hold 4300 psych on a retest keeps the descending structure in control
Sequence of lower highs, price pressing the day low.
Each rally since Monday has been capped lower — 4383 Monday, 4376 into Tuesday's NY session, 4369 at today's Asia open — and price has spent the whole London session pinned under the EMA20 near 4336.6, finishing at the day low. The hawkish-Fed story keeps the dollar at a seven-week high, which has faded Tuesday's 4291-to-4371 recovery back through its 61.8% retracement at roughly 4322. RSI(14) at 32.5 is near the lower end of its weekly cycle without a divergence yet, so momentum still matches the lower-high structure.
Support: 4,315.46, 4,300.00
Resistance: 4,336.60, 4,369.34, 4,376.03
What it said to watch
An H1 close back above the EMA20 near 4336.6 would break the lower-high sequence
Loss of the 4315.46 day low exposes the 4300 psych level and Tuesday's 4291 low
US flash PMIs at 13:45 UTC are the main event risk for this range read; Fed's Barr follows at 14:05 UTC
08:03 UTC
Lower highs since Monday, momentum with sellers · RSI 34 · price 4,320.26
Range 4291–4383, price rolling back toward range low.
Gold opened the week at 4375 and has printed lower highs every session since — 4383 Monday, 4371 into Tuesday's NY hours after the Iran-diplomacy rebound off the 4291 tue low, and now a fade back to 4320 through the Asia session as the dollar holds a seven-week high. Price is trading under both the ema20 (~4341) and ema50, with RSI(14) at 34 and no bullish divergence yet against the 4291 low. The 4300 psych level and 4291.61 tue low are the reference band for whether the week's range base holds.
Support: 4,300.00, 4,291.61, 4,235.00
Resistance: 4,341.00, 4,371.23, 4,383.36
What it said to watch
US flash PMIs at 13:45 UTC and Fed's Barr at 14:05 UTC are the session's main event risk for this read
An hourly close back above the ema20 near 4341 would break the sequence of lower highs
Loss of 4291.61 tue low confirms a lower low and shifts focus to the 4235 range base
Reclaiming 4371.23 prior high would neutralise the week's descending structure
06:05 UTC
Lower highs into a compressing range, no directional resolution · RSI 48 · price 4,334.76
Series of lower highs since Thursday's 4399 print against higher lows off 4291.
Gold has carved a clean sequence of lower highs through the week — 4399, 4383, 4369 — while dips have so far held above Tuesday's 4291 low, compressing price into the 4291–4383 band. The Asia session pop to the 4369 day high failed and price has slipped back beneath the 4344 ema20, stalling near the 50% retrace of the 4291–4369 bounce with RSI(14) back at the mid-40s. Hawkish fedspeak and DXY acceptance above 100.00 have been the weight behind each rejection, with Tuesday's US–Iran headlines the source of the intraday spikes.
Support: 4,315.03
Resistance: 4,369.34, 4,383.36
What it said to watch
US flash PMIs at 13:45 UTC are the main risk to this range read on the H1
Hourly close back above the 4344 ema20 and then the 4369 day high would break the lower-highs sequence
Failure to hold the 4315 swing low reopens the 4291 tuesday low as the next reference
Acceptance above the 4383 rejection zone is what the range top has denied all week
04:05 UTC
No trend — two-way range since the week open · RSI 52 · price 4,343.85
Range 4291–4383, lower highs capping, higher lows off Tuesday's base.
Gold opened the week near 4375, failed at the 4383 week high and then bled through London hours Tuesday to 4291 as front-end yields and DXY firmed on hawkish Fedspeak. The Asia-session rebound stalled at the 4371 prior high and price is now pinned on a flat, converged EMA20/EMA50 cluster around 4345 with RSI(14) back at the midline. Net effect is a mid-range hold: the 4291 tuesday low has been defended with successively higher lows, but each bounce has been sold into lower highs.
Support: 4,333.30
Resistance: 4,345.20, 4,371.20, 4,383.40
What it said to watch
H1 close above the 4371 prior high breaks the lower-highs sequence and re-opens the 4383 week high
Loss of the 4333 session low re-exposes the 4321 swing low and then the 4291 tuesday low
Sustained acceptance back above the 4345 ema20 cluster would neutralise the lower-high read
US S&P Global flash PMIs at 13:45 GMT plus Fed's Barr at 14:05 GMT are the session's main repricing risk for this range
03:06 UTC
Corrective downtrend inside a broad range · RSI 48 · price 4,333.66
Lower highs since Friday's 4400 rejection, holding above Tuesday's low.
Since Friday's rejection just under 4400 the H1 series has printed a sequence of lower highs — 4383 Monday, 4376 tue high, 4369 wed high — with price now back under the EMA20 at 4344 and RSI(14) stalled at the 47-50 midline. Tuesday's NY-session flush to the 4291 tuesday low was recovered within the hour as hawkish Fedspeak and firmer yields gave way to US-Iran diplomacy headlines in Asia, leaving the metal mid-range. The overnight fade off 4369 has run 35 dollars and is testing the 4322 tue base region that capped the Tuesday afternoon consolidation.
Support: 4,322.00
Resistance: 4,344.40, 4,369.34, 4,376.03
What it said to watch
An H1 close back above the EMA20 at 4344 would put the 4369 wed high and 4376 tue high back in focus
Failure to hold the 4322 tue base confirms a lower low and reopens the 4291 tuesday low
US flash PMIs at 13:45 UTC and Fed's Barr at 14:05 UTC are capable of resetting this range read within the next few bars
02:06 UTC
Range-bound, lower highs since Monday's open · RSI 47 · price 4,340.69
Weekly range 4291–4383; recovery off the low fading back under EMA20.
Monday's open near 4375 has capped this week, with lower highs into the 4383.36 week high and Tuesday's NY session driving the flush to the 4291.61 week low as Treasury yields firmed on hawkish Fedspeak. The Asia bounce stalled at the 4371 asia high on US–Iran diplomacy headlines and has since faded back under EMA20 at 4346, leaving RSI(14) mid-range around 47. The recovery leg off the low still rests on the 4308.96 higher low and the 4322.60 swing low.
Support: 4,322.60, 4,308.96, 4,291.61
Resistance: 4,346.10, 4,371.23, 4,383.36
What it said to watch
Loss of the 4322.60 swing low breaks the higher-low sequence built off the week low
Hourly close back above ema20 at 4346 is needed to re-engage the 4371 asia high and the 4383.36 week high
US flash PMIs at 13:45 UTC and Fed's Barr shortly after can reprice this range within the next few bars
Lower highs from Friday's 4400 rejection, but higher lows since the 4291 print.
Friday's push into 4399.53 was rejected and Monday-Tuesday leaked steadily lower, with the dominant leg coming in the NY session as yields firmed on hawkish Fedspeak — the move bottomed at the 4291.61 tue low before an aggressive recovery back through 4330. Asia hours have held the metal in a tight 4352–4369 band above a flattening EMA(20) near 4348, with RSI(14) back at 55 after basing near 30 at the low, helped by US–Iran diplomacy headlines. Net structure is a 4291–4400 range: lower highs from the fri high still cap, while the 4321 swing low marks the base of the recovery.
Support: 4,348.00, 4,291.61
Resistance: 4,371.23, 4,376.03, 4,399.53
What it said to watch
Hourly close above the 4371 tue high opens the 4376 mon high and the 4400 rejection area
Loss of the 4321 swing low re-exposes the 4291 tue low and invalidates the higher-low sequence
Failure to hold EMA(20) near 4348 would flatten the recovery read
US flash PMIs at 13:45 UTC plus Fed's Barr are the next catalysts capable of resetting this range
00:06 UTC
Corrective bounce inside a broad range · RSI 59 · price 4,363.36
Lower highs since Monday's open, but higher lows building off Tuesday's low.
Gold leaked lower from Monday's open through Tuesday's London session, printing the tuesday low at 4291.61 as hawkish Fedspeak kept front-end yields firm, before reversing hard into NY hours and extending through the Asia session on US–Iran diplomacy headlines. Price is back above EMA(20) at 4347.8 with EMA20 crossing above EMA50, marking roughly a 0.66 retracement of the drop from the 4399.5 week high, and RSI(14) sits near 59 after cycling out of the low 30s. The twice-rejected 4400 area caps the week, while the descending line off the mon high at 4383.4 and the tue high at 4376.0 is the immediate ceiling and the 4315 swing low is the base of the recovery leg.
Support: 4,347.80, 4,315.00, 4,291.61
Resistance: 4,376.00, 4,383.40, 4,399.50
What it said to watch
US flash PMIs at 13:45 UTC plus Fed's Barr at 14:05 UTC — the main test of this recovery leg
An H1 close above the tue high at 4376.00 invalidates the lower-highs read from Monday's open
Loss of EMA(20) at 4347.8 puts the 4315 swing low back in focus; a break there re-opens the tuesday low at 4291.61
4399.50 week high remains the cap — area to watch for a third rejection or a break