Every read JAFX AI made on the XAU/USD 4-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:05 UTC
Range, momentum slowing after rejection · RSI 47 · price 4,052.95
Broad range, lower highs off 4165 peak.
Gold has spent three weeks oscillating between the 4000 psych floor and the 4185-4200 range top, most recently rejecting the 4166 two-week high and rolling back to the 4040/4050 pivot as oil-led yield gains lifted the dollar. Price now sits below both EMA20 and EMA50 with a string of lower highs since the 4166 peak. ATR remains elevated, keeping swings wide inside the range.
Support: 4,040.00, 4,000.00
Resistance: 4,130.00, 4,166.00, 4,200.00
What it said to watch
- H4 close below 4000 confirms a breakdown from the range
- Reclaim of 4130 recent high reopens the 4166-4200 range top
- FOMC Jul 29 18:00 UTC is the dominant catalyst and can reset this read
21:05 UTC
Rangebound, recent pullback · RSI 46 · price 4,052.95
Reversed from 2wk high, lower highs.
Gold reversed from the two-week high at 4166 and is retracing, now hovering around the 4040/4050 pivot with price back below both EMA20 and EMA50. Descending highs from 4202 keep the multi-day picture rangebound between 4000 psychological support and the 4166-4200 cap, as the oil-led inflation and yield channel lifts USD. RSI sits mid-range, reflecting no momentum edge into the pullback.
Support: 4,040.00, 4,000.00, 3,960.00
Resistance: 4,095.00, 4,166.00, 4,202.00
What it said to watch
- FOMC Jul 29 18:00 UTC is the dominant catalyst and could reset this read
- H4 close below 4000 psych opens the path toward the 3960 swing low
- Reclaim of 4095 recent high shifts focus back toward the 4166 2wk high