Tight 4054–4066 consolidation after a rally from 3989.
Gold climbed from the 3989 London low to a 4065.68 session high in NY as oil eased, and it held those gains despite a firm USD. Since then price has compressed in a 4054–4066 band, RSI(14) has cooled to about 50 and ATR has shrunk to roughly $3.3. Early Asia trade sits mid-band, just under EMA20, with the 4057.67 late low and 4054.32 pullback low below.
Support: 4,057.67, 4,054.32
Resistance: 4,065.68, 4,092.00
What it said to watch
An M15 close above the 4065.68 session high breaks the consolidation, with the 4092 cta trigger the next reference.
Loss of the 4054.32 pullback low points to a deeper retrace into the rally fib 38.2% near 4036.
The Fed decision Wed 18:00 UTC and the Warsh presser at 18:30 UTC could materially shift this read.
Tight 4054–4066 range capping the NY rally high; early Asia inside it.
London swept below the prior Asian range to 3989.15. An oil-relief rally then broke the 4025.6 Asian high and ran to the 4065.7 range high during NY hours, despite a firmer USD. Since then price has compressed for about eight hours between the 4054.3 range low and 4065.7, holding well above the 23.6% fib. Early Asia is pinned between the 4059.6 asia low and 4064.5 asia high, with RSI(14) near 50 and price hugging EMA20.
Support: 4,059.60, 4,054.30
Resistance: 4,064.50, 4,065.70
What it said to watch
M15 close above the 4065.7 range high breaks the consolidation and the asia high cap at 4064.5
Failure to hold the 4054.3 range low exposes the 23.6% fib near 4047.6
Loss of the 4059.6 asia low shifts the session toward the range low
FOMC decision Wed 18:00 UTC and Warsh's 18:30 UTC press conference could materially shift this read
Tight 4054–4066 consolidation after London-to-NY rally.
Gold rallied about $76 from the 3989.15 London low to a 4065.68 NY session high as oil eased, despite a firmer USD. Since then price has held a tight 4054–4066 consolidation into early Asia, keeping above the 4054.32 swing low with RSI(14) near 59 and ranges contracting.
Support: 4,054.32, 4,032.12
Resistance: 4,065.68, 4,092.00
What it said to watch
An M15 close above the 4065.68 session high breaks the consolidation, with TD's 4092 short cover trigger the next reference
Failure to hold the 4054.32 swing low exposes the 4032 breakout lvl, near the 38.2% retracement of the 3989–4066 rally
FOMC Wed 18:00 UTC and Warsh's 18:30 UTC presser could materially shift this read
23:03 UTC
Uptrend, pausing near highs · RSI 58 · price 4,062.95
Tight range below 4065.68 after London-NY rally off 3989.
Gold rallied from the 3989 London low to 4065.68 into NY as oil eased, and has since compressed in a 4054–4066 range. Early Asia session is pressing the range high again, with RSI(14) near 58 and ATR contracting.
Support: 4,054.32, 4,036.45
Resistance: 4,065.68, 4,092.00
What it said to watch
M15 close above the 4065.68 range high opens the path toward the 4092 short-cover trigger flagged by TD
Failure to hold the 4054.32 range low exposes the 38.2% fib of the rally at 4036.45
FOMC decision Wed 18:00 UTC and Warsh presser at 18:30 UTC could materially shift this read
22:48 UTC
Uptrend, pausing under session high · RSI 66 · price 4,063.89
Tight range 4054.3–4065.7 after impulsive leg up from 3989.
Gold held a 3989 low early in London, then cleared the 4025.6 Asian high around the 12:30 UTC data and NY open, driven by the oil-relief bid despite a firmer USD. Since mid-NY it has ranged between the 4054.3 range low and the 4065.7 session high. The new Asia session is pressing that cap again, with RSI near 66 and the late NY low at 4058.7 holding.
Support: 4,058.70, 4,054.32, 4,047.60
Resistance: 4,065.68
What it said to watch
M15 close above the 4065.7 session high breaks the five-test cap and extends the leg
Loss of the 4058.7 late NY low and then the 4054.3 range low exposes the 23.6% fib at 4047.6, then the 4025.6 Asian high
FOMC Wed 18:00 UTC and the 18:30 UTC press conference could materially shift this read
NY session V-recovery from 3989 low, now a tight 4054–4066 range into Asia.
The NY session reversed the Asia/London slide, rallying from the 3989.15 day low to a 4065.68 session high as oil eased. The 4064–4066 area has seen three rejections, and price has held a 4054.32 range low since. RSI(14) is near 59, with the early Asia session pinned just under the session high.
Support: 4,054.32, 4,047.60, 4,036.45
Resistance: 4,065.68, 4,092.00
What it said to watch
M15 close above the 4065.68 session high breaks the range; the 4092 td level (TD's short-covering trigger) is the next reference
Loss of the 4054.32 range low exposes the fib 23.6 at 4047.6, then the fib 38.2 near 4036
FOMC Wed 28 Oct 18:00 UTC and Warsh's 18:30 presser could materially shift this read
22:19 UTC
Uptrend, pausing below the session high · RSI 57 · price 4,060.66
V-reversal from the London low, NY higher highs, now a tight box near the highs.
London broke below the Asian range low to 3989.15 and reversed. The oil-relief bid then carried NY through the 4032 breakout level to a 4065.7 session high, despite a firmer USD. Since 17:30 UTC price has held a 4054–4066 box into the early Asia session, with the 4054.3 swing low intact and RSI(14) neutral near 57.
Support: 4,054.30, 4,036.40, 4,032.10
Resistance: 4,065.70, 4,092.00
What it said to watch
M15 close above the 4065.7 session high resumes the NY leg, with TD's 4092 short-cover level the next reference
Failure to hold the 4054.3 swing low exposes the 38.2% fib near 4036 and the 4032 breakout level
Thin Asia trade keeps the box intact until London unless oil or US-Iran headlines hit
FOMC Wed 18:00 UTC and the 18:30 press conference could materially shift this read
NY breakout leg, now a tight post-NY consolidation.
Gold reversed from the 3989 London low and broke through the 4025.6 Asian high during NY hours as easing oil cooled energy-inflation fears, topping at the 4065.7 session high. Since the NY close it has held a tight 4054–4066 consolidation, with RSI(14) cooling to about 64 and price hugging EMA20.
Support: 4,054.32, 4,036.45, 4,025.59
Resistance: 4,065.68, 4,092.00
What it said to watch
M15 close above the 4065.7 session high resumes the NY leg, with the 4092 cta trigger (TD's short-covering level) as the next reference
Break of the 4054.3 range low ends the consolidation and exposes the fib 38.2 at 4036.5, then the 4025.6 Asian high
Asia session range is opening thin, so a sharp oil or US-Iran headline could set direction early
FOMC Wed 18:00 UTC and the 18:30 UTC press conference could materially shift this read
21:47 UTC
Uptrend, stalling into a flat late-session range · RSI 51 · price 4,060.14
V-recovery from the 3989 London low, now a tight 4054–4066 shelf below the session high.
London sold through the Asian low and 4000 to 3989.15, then gold reversed and broke the asian high at 4025.59. It climbed steadily through NY to a session high of 4065.68 as oil relief outweighed firmer USD and yields. Since then price has gone flat in a 4054–4066 shelf, with RSI(14) back near 50 and the pullback holding well above the 23.6% fib of the rally.
Support: 4,054.32, 4,025.59
Resistance: 4,065.68, 4,092.00
What it said to watch
M15 close below the 4054.32 range low exposes the 23.6–38.2% fib at 4048–4036
Close above the 4065.68 session high resumes the leg toward 4092, the short-cover trigger flagged by TD
Deeper retrace back to the asian high at 4025.59 would mark the rally as fully unwound toward the 61.8% fib
FOMC decision Wed 18:00 UTC and the 18:30 UTC press conference could materially shift this read; thin after-hours trade until then
21:32 UTC
Uptrend, pausing in a tight range · RSI 51 · price 4,060.14
London low at 3989.15, NY breakout above Asian high, post-NY consolidation 4054–4066.
London flushed gold to 3989.15 before it reversed. The NY session then broke the Asian high at 4025.59 on the oil-relief move and ran to the 4065.68 session high. Since NY close, price has been consolidating between the 4054.32 range low and 4066, holding above EMA20 near 4057, with RSI(14) back to neutral around 51.
Support: 4,054.32, 4,025.59, 4,000.00
Resistance: 4,065.68, 4,092.00
What it said to watch
M15 close below the 4054.32 range low exposes the 38.2% fib near 4036 and the 4025.59 asian high
Close above the 4065.68 session high opens the path to 4092, the short-cover trigger flagged in the digest
Loss of the 4000 psych level would unwind the full rally
FOMC Wed 18:00 UTC and the Warsh presser at 18:30 UTC could materially shift this read
Impulsive rally off 3989 London low, now flat range 4054–4066.
Gold swept below the Asian range to a 3989 London low, then rallied through the Asian high into NY as oil relief outweighed firmer USD and yields. Since mid-NY, supply has capped the 4064–4066 session high three times, with the range low at 4054.32 holding. RSI(14) has cooled to neutral near the daily rollover.
Support: 4,054.32, 4,047.60, 4,032.12
Resistance: 4,065.68, 4,092.00
What it said to watch
M15 close below the 4054.32 range low exposes the fib 23.6 at 4047.6, then the 4032 breakout lvl from the NY morning
Close above the 4065.68 session high opens the path toward 4092, TD's short-covering trigger (TD trigger)
FOMC Wed 18:00 UTC and Warsh's presser could materially shift this read
21:07 UTC
Uptrend, pausing near session high · RSI 57 · price 4,060.14
Tight 4054–4066 range after a London-to-NY breakout.
Gold based at the 3989.15 London low, broke the 4025.59 Asian high and ran to a 4065.68 session high in NY as WTI eased toward $100. Since mid-NY it has held a 4054–4066 range near the session high, holding above the fib 23.6 of the rally at 4047.62. RSI(14) is neutral around 57 heading into the late-NY close.
Support: 4,054.32, 4,047.62, 4,025.59
Resistance: 4,065.68, 4,092.00
What it said to watch
M15 close above the 4065.68 session high resumes the up-leg; the next reference is 4092, the TD trigger where the digest flags short-covering
Break of the 4054.32 range low exposes the fib 23.6 at 4047.62, then the 4025.59 Asian high
FOMC Wed 18:00 UTC with Warsh presser at 18:30 UTC could materially shift this read
WTI reversal higher would undercut the oil-relief driver behind the rally
Post-rally consolidation 4054–4066 after breaking the Asian high.
Gold's rally from the 3989 London low cleared the 4025.59 Asian high and the 4032 breakout shelf through NY as oil eased. Price has gone flat in late NY, holding a tight band between the 4054 range floor and the 4065.68 session high. RSI(14) has reset to the low 50s and ATR is contracting.
Support: 4,054.32, 4,032.12, 4,025.59
Resistance: 4,065.68, 4,092.00
What it said to watch
M15 close below the 4054 range floor exposes the 4032 breakout shelf and the 38.2% fib of the rally near 4036
A clean break of the 4065.68 session high opens the path toward 4092, the TD trigger for short-covering
Failure to hold the 4025.59 Asian high would retrace more than half the rally
FOMC Wed 18:00 UTC and Warsh's 18:30 UTC press conference could materially shift this read
20:33 UTC
Uptrend, pausing after NY impulse · RSI 64 · price 4,059.04
Tight 4054–4066 range below session high, late NY.
Gold climbed from the 3989.15 London low to a 4065.68 session high through NY as oil eased, then compressed in a 4054–4066 range for the last four hours with RSI(14) cooling to ~64. The range low at 4054.32 has held, and the 4064.28 retest made a marginally lower high, so the session high is still capping.
Support: 4,054.32, 4,036.45
Resistance: 4,065.68, 4,092.00
What it said to watch
M15 close below the 4054.32 range low exposes the fib 38.2 at 4036.45
Break of the 4065.68 session high resumes the NY leg, with 4092 the short-cover level flagged in the digest
FOMC Wed 18:00 UTC and Warsh's 18:30 UTC press conference could materially shift this read
A renewed WTI surge would undercut the oil-relief driver behind the rally
20:18 UTC
Uptrend, pausing near session high · RSI 57 · price 4,061.16
Tight range 4054–4066 after impulsive London-NY rally.
London dipped under the Asian range to 3989 before a $77 rally that cleared the asian high at 4025.6. The rally extended through the first hour of NY as oil eased, even with a firmer USD. Since mid-NY, price has compressed between the 4054.3 range low and the 4065.7 session high, with RSI(14) cooled to neutral near 57.
Support: 4,054.30, 4,032.10, 4,025.60
Resistance: 4,065.70, 4,092.00
What it said to watch
M15 close above the 4065.7 session high resumes the higher-high chain; 4092 is TD's flagged short cover level
Failure to hold the 4054.3 range low exposes the 38.2% rally fib near 4036 and the 4032 pre-ny high
Thin late-NY and Asian trade likely keeps price inside the range ahead of FOMC
FOMC Wed 18:00 UTC and Warsh presser 18:30 UTC could materially shift this read
20:04 UTC
Uptrend, pausing after NY rally · RSI 55 · price 4,060.77
Tight consolidation 4054–4066 above the broken Asian high.
London broke below the Asian low near 3997 to 3989 and reversed, and the NY session then rallied about $76 through the 4025.59 Asian high as easing oil outweighed a firmer USD. Since 15:30 UTC price has held a 4054–4066 consolidation late in NY hours, with the 4065.68 session high capping and RSI(14) back to neutral near 55.
Support: 4,054.32, 4,025.59
Resistance: 4,065.68, 4,092.00
What it said to watch
M15 close above the 4065.68 session high resumes the rally leg, with TD's 4092 cover level next above
Loss of the 4054.32 range low exposes the 23.6% rally fib near 4047, then the 4025.59 Asian high
FOMC Wed 18:00 UTC and Warsh's 18:30 UTC press conference could materially shift this read
Post-breakout consolidation 4054–4066 in late NY session.
London dipped through the Asian low to 3989, then the oil-relief bid carried gold through the asian high at 4025.59 and up to a 4065.68 session high during NY hours, despite a firmer USD. Since then price has held a tight 4054–4066 band above the 4054.32 swing low, with RSI(14) cooling to ~61 and ATR(14) near 430 pips.
Support: 4,054.32, 4,036.45, 4,025.59
Resistance: 4,065.68, 4,092.00
What it said to watch
M15 close above the 4065.68 session high resumes the leg; TD trigger for short-covering sits at 4092
Loss of the 4054.32 swing low exposes the fib 38.2 at 4036.45, then the asian high at 4025.59
Oil and US-Iran headlines drive overnight trade; FOMC Wed 18:00 UTC is the next scheduled catalyst
Tight 4054–4066 consolidation after a ~$76 NY-session rally from the London low.
Gold turned up from the 3989 London low and cleared the Asian range high near 4025.6 into NY hours as oil eased, topping at the 4065.68 session high. Since then it has held a narrow 4054–4066 consolidation above EMA20, with RSI(14) cooling toward 68 and dips to the range low absorbed twice.
Support: 4,054.32, 4,036.45
Resistance: 4,065.68
What it said to watch
M15 close above the 4065.68 session high breaks the consolidation to the upside
Failure to hold the 4054.32 range low opens the fib 38.2 retracement at 4036.45
FOMC Wed 18:00 UTC and the oil/WTI ~$100 tone remain the main drivers, so the range may stay compressed into the decision
Higher lows from 3989; late-NY consolidation 4054–4066 under session high.
London dipped below the Asian range to 3989. NY then reversed it on oil-led relief, clearing the 4025.59 Asian high and running to a 4065.68 session high despite firmer USD and yields. Late NY is consolidating between the 4054.32 swing low and the session high, with RSI(14) cooling to about 66 and the rising trendline intact.
Support: 4,054.32, 4,036.45, 4,025.59
Resistance: 4,065.68, 4,092.00
What it said to watch
M15 close above 4065.68 session high resumes the leg; the 4092 short-cover area flagged by TD is the next reference
Loss of the 4054.32 swing low and the rising trendline exposes the fib 38.2 at ~4036
A drop back under the 4025.59 Asian high would undo the NY breakout read
FOMC decision Wed 18:00 UTC and Warsh presser 18:30 UTC could materially shift this read
Tight 4054–4066 range after V-shaped rally from 3989.
London undercut the Asian range to 3989.15, then gold reversed through the asian high at 4025.59 and ran to a 4065.68 session high as easing oil cooled inflation fears. Since mid-NY, price has held a 4054–4066 range above the ema20 near 4053, with RSI(14) cooled to the mid-50s.
Support: 4,054.32, 4,025.59, 4,000.00
Resistance: 4,065.68, 4,092.00
What it said to watch
M15 close below the 4054.32 range floor opens the 38.2% fib near 4036
Loss of the 4025.59 asian high would expose the 4000 psych level
M15 close above the 4065.68 session high extends the rally toward TD's 4092 short-cover level
Oil / US-Iran headlines remain the main driver ahead of Wed FOMC (18:00 UTC)
V-reversal from London low, now a tight late-NY range.
London broke below the Asian range low and printed 3989.15. NY then reversed it on oil relief, cleared the Asian high and the 4032.12 breakout lvl, and ran to a 4065.68 session high. Late in the NY session price is compressing between the 4054.32 range low and that high, holding just above the ema20 near 4052.3 with RSI(14) cooling to around 61.
Support: 4,054.32, 4,052.30, 4,032.12
Resistance: 4,065.68, 4,092.00
What it said to watch
M15 close below the 4054.32 range low and the ema20 turns the pause into a pullback toward the 38.2% fib near 4036 and the 4032.12 breakout lvl
A third rejection at the 4065.68 session high keeps the range cap intact; acceptance above it opens a path toward the 4092 td trigger flagged for short-covering
FOMC Wed 18:00 UTC and Warsh at 18:30 UTC could materially shift this read; a pre-event range is the likely structure before then
A renewed WTI surge would undercut the oil-relief driver behind the NY rally
18:33 UTC
Uptrend, stalling in late NY · RSI 63 · price 4,055.72
Post-breakout consolidation 4055–4066 above Asian range.
London swept the Asian range low near 3997 to 3989.15 and reversed. NY broke the 4025.59 Asian high and ran to a 4065.68 session high as oil relief outweighed firmer USD and yields. Since 14:30 UTC price has held a 4055–4066 range, with the range low tested three times after London close and RSI(14) cooling to ~63.
Support: 4,055.06, 4,051.30, 4,025.59
Resistance: 4,065.68, 4,092.00
What it said to watch
M15 close below the 4055 range low exposes the ema20 near 4051, then the 38.2% fib of the rally near 4036
Acceptance above the 4065.68 session high resumes the HH chain; TD flags short-covering above the 4092 td trigger
A return inside the Asian range below the 4025.59 Asian high would negate the breakout
FOMC Wed 18:00 UTC and Warsh's 18:30 UTC press conference could materially shift this read
WTI around $100 remains the main driver; a renewed oil surge could reverse the bounce
18:17 UTC
Uptrend, stalling near session high · RSI 70 · price 4,058.09
Tight consolidation above NY breakout leg.
Gold reversed from the 3989 London low and broke the Asian high at 4025.6 during NY hours as oil eased, running to a 4065.7 session high. Late NY has stalled in a tight 4055.6–4065.7 range low to session high band, RSI(14) cooling near 70.
Support: 4,055.64, 4,047.60, 4,025.59
Resistance: 4,065.68, 4,092.00
What it said to watch
M15 close below the 4055.6 range low exposes the fib 23.6 at 4047.6, then the Asian high at 4025.6
Close above the 4065.7 session high extends the NY leg; the TD trigger at 4092 is the next reference
Thin liquidity around the daily break and Asia session open; FOMC Wed 18:00 UTC is the next major catalyst
18:04 UTC
Uptrend, momentum stalling under session high · RSI 67 · price 4,056.14
HH/HL chain from London low, now a tight range under the session high.
London swept below $4,000 to 3989.15. NY then drove a ~$76 rally to 4065.68 as oil eased on US-Iran de-escalation hopes. Price has held a 4056.6–4065.7 range since mid-NY, and the late-NY push to a marginal session high was rejected back to the range low, with RSI(14) cooling near 67.
Support: 4,056.60, 4,051.30, 4,032.10
Resistance: 4,065.68
What it said to watch
M15 close below the 4056.6 range low exposes the ema20 near 4051 and the rally fib 38.2% near 4036
Acceptance above the 4065.68 session high resumes the HH chain
Failure back under the 4032 breakout level (prior high) negates the NY rally structure
Oil / US-Iran headlines remain the dominant driver into Asia
FOMC Wed 18:00 UTC could materially shift this read
HH/HL chain off the London low, now a tight late-NY range.
Gold reversed from the 3989 London low and broke the 4025.6 Asian high during NY hours. It extended to a 4065.7 session high as oil eased on US-Iran de-escalation hopes. Late in NY, price is compressing between the 4056.6 pullback low and the session high, with RSI(14) cooled to ~68 from overbought.
Support: 4,056.57, 4,032.12, 4,025.59
Resistance: 4,065.68, 4,092.00
What it said to watch
M15 close above the 4065.7 session high resumes the HH chain, with the 4092 short cover trigger the next reference
Failure to hold the 4056.6 pullback low opens a retrace toward the 38.2% fib near 4036 and the 4032 prior high
A move back below the 4025.6 Asian high would mark the NY breakout as a false break
FOMC Wed 18:00 UTC: pre-decision positioning, plus oil and US-Iran headlines, could materially shift this read
17:32 UTC
Uptrend, pausing near session high · RSI 70 · price 4,061.01
NY breakout from the 3989–4032 range, now a tight 4056–4065 consolidation.
Gold broke out of the London range after the 12:30 UTC data and rallied 75 dollars from the London low at 3989 to a session high of 4064.67, clearing the 4032 prior high as oil eased on US-Iran de-escalation hopes. Late NY has gone sideways in a 4056.57–4064.67 range, with RSI(14) near 70 and ranges contracting.
Support: 4,056.57, 4,046.85, 4,032.12
Resistance: 4,064.67, 4,092.00
What it said to watch
M15 close below the 4056.57 range low exposes the 4046.85 fib 23.6 and the 4032 prior high
Acceptance above the 4064.67 session high resumes the leg, with the 4092 covering lvl flagged in the digest
FOMC Wed 18:00 UTC, oil and US-Iran headlines could materially shift this read
HH/HL chain from the 3989 London low; tight consolidation 4056–4065 after London close.
Gold reversed off the 3989 London low and broke the Asian range high near 4026 and the 4032 breakout area as oil eased on US-Iran de-escalation hopes, firm durables only briefly slowing the advance. It printed a 4064.67 session high near London close and has since compressed in a 4056–4065 band above the rally trendline, RSI(14) cooling to ~76.
Support: 4,056.57, 4,046.21, 4,032.12
Resistance: 4,064.67, 4,092.00
What it said to watch
M15 close below the 4056.6 pullback low opens the 4046 swing low and the rally trendline
Break above the 4064.67 session high extends the HH chain; the digest's 4092 short-covering trigger is the next upside reference
A return to the 4032 breakout area, near the 38.2% fib, would test the breakout
FOMC Wed 18:00 UTC and oil/US-Iran headlines could materially shift this read
17:05 UTC
Uptrend, momentum flattening under session high · RSI 77 · price 4,059.63
HH/HL chain from London low 3989.15; tight 4056.6–4064.7 band below the high.
London undercut the Asian low and $4,000 to 3989.15. NY then ran price back through the Asian high near 4025.6 and the prior high at 4029.82, topping at the 4064.67 session high as oil eased on US-Iran de-escalation hopes. Mid-NY, the leg is coiling between the 4056.57 pullback low and a 4062.50 lower high, with RSI(14) near 77.
Support: 4,056.57, 4,046.85, 4,029.82
Resistance: 4,062.50, 4,064.67
What it said to watch
M15 close below the 4056.57 pullback low breaks the micro higher-low sequence and exposes the 23.6% fib of the rally near 4047
Close above the 4062.50 lower high and 4064.67 session high resumes the NY rally leg
Return below the 4029.82 prior high negates the breakout
FOMC Wed 18:00 UTC and oil/US-Iran headlines could materially shift this read
HH/HL chain since London low; tight hold just under 4064.
Gold reversed the London dip to 3989 and broke the Asian range top (4025.6) and the prior high near 4032 during NY hours as oil eased on US-Iran de-escalation hopes, extending to a session high of 4064.67 despite the firm durables beat. Price is holding a tight band above the 4056.57 pullback low, with RSI(14) near 78 and rising support from the London lows tracking up around 4049.
Support: 4,056.57, 4,032.12
Resistance: 4,064.67, 4,092.00
What it said to watch
M15 close below the 4056.57 pullback low and rising support (~4049) breaks the HL chain
Failure to hold the 4032 prior high puts price back inside the Asian range
Close above the 4064.67 session high opens the path toward the 4092 trigger flagged for short-covering
Oil / US-Iran headlines remain the main inverse driver into Wednesday's FOMC (18:00 UTC)
HH/HL chain from 3989 London low, Asian range broken higher.
Gold rebounded from the 3989.15 London low and cleared the Asian high at 4025.6 in NY hours as oil eased on US-Iran de-escalation hopes, printing a session high at 4064.7. After London close RSI(14) has cooled from ~88 to 76, with price holding the 4055.6 pullback low and the 38.2% fib of the rally at 4035.8.
Support: 4,055.60, 4,035.80, 4,025.60
Resistance: 4,064.70, 4,092.00
What it said to watch
M15 close below the 4055.6 pullback low opens a deeper retracement toward the 38.2% fib at 4035.8
Acceptance above the 4064.7 session high extends the HH chain, with TD's short-cover level at 4092 the next reference
A break of the intraday trendline and a close back below the 4025.6 Asian high would negate the breakout read
FOMC Wed 18:00 UTC could materially shift this read, and pre-decision ranges may narrow
HH/HL chain from 3989 London low; Asian range high broken, pausing at session high.
Gold reversed the London dip to 3989 and rallied about $75 through NY hours as oil eased on US-Iran de-escalation hopes. It cleared the Asian range high at 4025.6 and the 4032 prior high, and is now stalling under the 4064.7 session high with RSI(14) near 81.
Support: 4,055.60, 4,044.00, 4,032.00
Resistance: 4,064.70, 4,092.00
What it said to watch
Failure to hold the 4055.6 micro low breaks the HH/HL chain and exposes the 4044 breakout zone, where the rally trendline also sits
M15 close back below the 4032 prior high, near the 38.2% fib, undoes the NY breakout
Close above the 4064.7 session high opens the path toward 4092, the TD trigger level for short-covering
FOMC Wed 18:00 UTC; positioning into the decision could materially shift this read
HH/HL chain from the 3989 London low; Asian range and prior high broken.
Gold turned up from the 3989 London low and broke the 4025.6 Asian high and the 4032 prior high during NY hours as oil eased on US-Iran de-escalation hopes. The move printed a fresh session high at 4064.67, with RSI(14) near 85. The 4055.6 swing low is the first pullback pivot, and the 38.2% fib at about 4036 sits just above the 4032 breakout.
Support: 4,055.58, 4,032.12, 4,025.59
Resistance: 4,064.67, 4,092.00
What it said to watch
An M15 close below the 4055.6 swing low breaks the micro HH/HL chain
A return under the 4032 prior high would turn the breakout into a false break; the 4025.6 Asian high sits just beneath
Rally trendline break would end the steady leg from the London low
Extension through the session high puts the 4092 td trigger in view, the level the digest flags for short-covering
FOMC Wed 18:00 UTC could materially shift this read
15:47 UTC
Uptrend, extended · RSI 86 · price 4,060.95
HH/HL chain from 3989 London low, Asian range broken higher.
Gold rebounded from the 3989 London low and, during NY hours, cleared the 4025.6 Asian range high and the 4032 prior high as oil eased on US-Iran de-escalation hopes. The move set a 4064.5 session high, with demand stepping in on each dip along the rally trendline. RSI(14) near 86 is stretched after 10 of the last 14 bars closed higher.
Support: 4,055.60, 4,032.10
Resistance: 4,064.50, 4,092.00
What it said to watch
Holding the 4055.6 swing low keeps the higher-low chain intact; a break exposes the 4042 breakout zone and the rally trendline near 4040
A close back below the 4032 prior high would turn the NY breakout into a false break
A close above the 4064.5 session high leaves 4092, the TD short-covering cover level, as the next reference
FOMC Wed 18:00 UTC could materially shift this read
HH/HL chain from the 3989 London low; Asian range and prior high broken in NY.
Mid-NY session, gold has climbed about $70 off the 3989 London low. It broke the 4025.6 Asian high and the 4030 prior high after the 12:30 UTC durable goods release as oil eased on US-Iran de-escalation hopes. Price has stalled for two bars at the 4059.56 session high with RSI(14) near 83, stretched after an unbroken run from the 4042 breakout bar.
Support: 4,042.00, 4,030.00, 4,025.60
Resistance: 4,059.56, 4,092.00
What it said to watch
M15 close back below the 4042 breakout bar would print the first lower low of the NY leg and break the rally trendline
Loss of the 4030 prior high (38.2% fib of the London-low rally) exposes the 4025.6 Asian high near the 50% level
Close above the 4059.56 session high extends the leg; 4092 is the digest's short-cover level
London close and pre-FOMC positioning ahead of Wed 18:00 UTC decision could materially shift this read
15:18 UTC
Uptrend, accelerating in NY · RSI 84 · price 4,058.81
HH/HL chain off London low, Asian and prior-day highs broken.
Gold reversed from the London low at 3989 and cleared the Asian high at 4025.6 and the prior high near 4032 around the NY open. It printed a session high at 4059.6 as oil eased on US-Iran de-escalation hopes, with mixed durable goods giving no clean hawkish impulse. RSI(14) near 84 is stretched, and the 38.2% fib of the London-NY leg lines up with the 4032 prior high.
Support: 4,046.20, 4,032.10, 4,025.60
Resistance: 4,059.60, 4,092.00
What it said to watch
A break below the 4046 micro low would mark the first lower-low of the NY leg
A pullback that holds the 4032 prior high (38.2% fib) keeps the breakout-retest structure intact; acceptance back below the 4025.6 asian high turns it into a false break
A close above the 4059.6 session high extends the leg, with TD's 4092 short-cover level the next reference
London close in the next hour can thin follow-through; FOMC Wed 18:00 UTC is the next major risk
HH/HL chain from the London low; Asian range high and prior high both broken.
Gold reversed from the 3989 London low and pushed through the 4025.6 Asian high and yesterday's 4030 prior high during NY hours. The move extended to a 4057.25 session high as oil eased on US-Iran de-escalation hopes, with RSI(14) near 86. Pullbacks have held a rising trendline, and the 4042 breakout shelf is the first intraday pivot below.
Support: 4,042.00, 4,030.00, 4,025.60
Resistance: 4,057.25, 4,092.00
What it said to watch
M15 close back below the 4042 breakout shelf would point to a retest of the 4030 prior high
38.2% fib of the 3989–4057 leg sits near 4031, aligned with the prior high
Break of the rising trendline, near 4034 now, ends the HL chain; the 4025.6 Asian high is the next level below
Acceptance above the 4057.25 session high opens the path toward 4092, the short-cover level flagged in the digest
FOMC on Wed 28 Oct at 18:00 UTC; pre-decision positioning could unwind this leg
14:47 UTC
Uptrend, NY leg extended · RSI 79 · price 4,049.69
HH/HL chain from 3989 London low; Asian high and prior high broken.
Gold based at the 3989 London low, lifted from the 12:30 UTC US data despite the firm headline durables beat, and extended through NY. It cleared the Asian high at 4025.6 and the prior high at 4029.8 to a 4051.05 session high, with RSI(14) near 79 and stretched.
Support: 4,029.80, 4,025.60, 4,020.20
Resistance: 4,051.05, 4,092.00
What it said to watch
Hold of 4029.8 prior high on a pullback keeps the breakout intact; a close back under the 4025.6 asian high marks a false break
Loss of the 4020.2 swing low (50% fib of 3989 low–session high) unwinds the NY leg
Acceptance above 4051.05 session high leaves TD's 4092 cta trigger as the next reference
FOMC Wed 18:00 UTC could materially shift this read
14:32 UTC
Uptrend, extended · RSI 79 · price 4,043.51
HH/HL chain from London low, breakout above Asian high and prior high.
NY session extended the rally off the 3989 London low through the 4025.6 Asian high and the 4032 prior high, printing a fresh session high near 4045. The move has come despite firm US durables and housing data. RSI(14) near 79 is stretched, with the rising trendline and the 4032 breakout level below.
Support: 4,032.12, 4,025.59, 4,022.59
Resistance: 4,045.46, 4,050.00
What it said to watch
M15 close back below the 4032 prior high (23.6% of the London-low rally) puts the breakout in question
Loss of the rising trendline and the 4025.6 Asian high reopens the 4022.6 swing low
Stall at the 4045 session high with RSI near 80 would mark a near-term rejection; acceptance above opens the 4050 round number
Positioning into Wednesday's FOMC (18:00 UTC) can materially shift this read
HH/HL chain from the 3989 London low, prior NY high cleared.
Gold built a higher-low chain off the 3989.15 London low. It cleared the 4025.59 Asian high and the 4029.82 prior NY high, printing a 4042.18 session high in the first hour of NY despite firm US durables. The breakout bar left an upper wick and RSI(14) is near 76, with rising support from the 3993 low tracking near 4024.
Support: 4,029.82, 4,025.59, 4,022.59
Resistance: 4,042.18, 4,050.00
What it said to watch
M15 close back below the 4029.82 prior NY high would turn the breakout into a false break
Loss of the 4022.59 higher low breaks rising support and the HH/HL chain, exposing the 4025.59 Asian high area from below
Sustained trade above the 4042.18 session high opens the 4050 round number
FOMC Wed 18:00 UTC and crowded CTA shorts could drive outsized two-way swings into the decision
14:04 UTC
Intraday uptrend, stalling at session high · RSI 66 · price 4,025.71
Higher-low chain from the 3989 London low; Asian range high broken, now under retest.
London broke below the Asian range to a 3989 london low, matching yesterday's 3988.8 low, and that double bottom launched a higher-low chain that cleared the 4025.6 asian high in early NY despite the Durable Goods beat. The session high at 4032.1 is capping just above the 4029.8 prior high, and the current bar is pulling back onto the asian high. RSI(14) is near 66, not stretched.
Support: 4,025.60, 4,020.70, 4,008.40
Resistance: 4,032.10, 4,029.80
What it said to watch
M15 close back inside the Asian range below 4025.6 turns the breakout into a false break
Loss of the 4020.7 higher low breaks the HL chain; below that, the 4008.4 swing low sits near the 50% fib of the 3989–4032 leg
Acceptance above the 4032.1 session high clears the prior high and the $4,034 intraday high flagged in the digest
Consumer Confidence and New Home Sales at 14:00 UTC (now) could shift this read via USD
13:48 UTC
Uptrend off the London low, stalling at the prior high · RSI 66 · price 4,026.20
HH/HL from 3989; Asian high broken, prior high capping.
The London low at 3989.2 held just above yesterday's 3988.8 low, forming a double bottom. From there a HH/HL climb carried through the Asian high at 4025.6 despite the Durable Goods headline beat. In the first hour of NY, price is stalling at the prior high near 4030: two probes to a 4032.1 session high failed to close above it, and RSI(14) sits near 66.
Support: 4,025.60, 4,018.60, 4,008.40
Resistance: 4,029.80, 4,032.10
What it said to watch
M15 close above the 4032.1 session high clears the prior high cap
Slip back below the 4025.6 asian high exposes the 4018.6 swing low
Break of the 4008.4 higher low ends the HH/HL sequence from the London low
Consumer Confidence and New Home Sales at 14:00 UTC (no forecast) could jolt price at the prior high
13:33 UTC
Intraday uptrend off the London low, RSI hot · RSI 72 · price 4,025.44
HH/HL chain from 3989.15; double bottom with Monday's 3988.84 low.
Early NY: gold has climbed in a HH/HL chain from the 3989.15 london low. That low held a retest of Monday's 3988.84, and the rally pushed through the Durable Goods release despite the headline beat. The 13:00 UTC bar briefly cleared Monday's 4029.82 high, then printed a wick rejection off the 4031.55 session high; price now sits at the 4025.59 asian high, with RSI(14) near 72 and the 4018.62 higher low as the nearest floor.
Support: 4,018.62, 4,000.00, 3,989.15
Resistance: 4,025.59, 4,031.55
What it said to watch
M15 close above the 4031.55 session high extends the higher-high chain beyond Monday's 4029.82 high
Loss of the 4018.62 higher low breaks the intraday HH/HL sequence and puts the 4000 psych handle back in focus
A break below the 3989.15 london low negates the double bottom read
Consumer Confidence and New Home Sales at 14:00 UTC could shift this read; FOMC follows Wed 18:00 UTC
13:17 UTC
Intraday uptrend off London low, stalling at session high · RSI 66 · price 4,022.43
HH/HL chain since 10:15 UTC; Asian range high broken, session-high rejection.
The London low at 3989.15 matched Monday's 3988.84 low, and price has since reclaimed $4,000. Early NY extended through the Asian range high and Monday's 4029.82 high to a 4031.55 session high, despite the Durable Goods headline beat. The 13:00 UTC bar rejected that session high, but the HL chain and rising trendline hold above the 4018.62 swing low, with RSI(14) near 66.
Support: 4,018.62, 4,008.43, 3,989.15
Resistance: 4,031.55
What it said to watch
M15 close above the 4031.55 session high would confirm the breakout beyond Monday's high
Break of the 4018.62 swing low and the rising trendline would turn the 13:00 UTC rejection into a failed breakout
Loss of the 4008.43 higher low would put the 4000 psych handle and the 3989.15 London low back in play
US Consumer Confidence at 14:00 UTC is a near-term catalyst; Wednesday's FOMC at 18:00 UTC is the larger event risk
13:05 UTC
Intraday uptrend off London low, RSI warm · RSI 71 · price 4,027.49
Higher lows since 3989; Asian high broken, testing prior high.
Gold based at 3989.15 in London, matching yesterday's 3988.84 trough for a double bottom, then built higher lows along a rising trendline and cleared the 4025.59 Asian high after the 12:30 UTC Durables release, which beat on the headline but missed ex-transport. Early in the NY session, price is pressing the 4029.82 prior high with RSI(14) near 71, while the USD stays firm into FOMC.
Support: 4,025.59, 4,018.62, 4,000.00
Resistance: 4,029.82, 4,031.55
What it said to watch
M15 close above the 4029.82 prior high and 4031.55 session high completes the double bottom
A slip back below the 4025.59 Asian high would mark the range break as a false break
Loss of the 4018.62 swing low and the rising trendline breaks the higher-low chain; the London rally fib 50% near 4010 and 4000 psych come next
Consumer Confidence at 14:00 UTC and Wednesday's FOMC could materially shift this read
Higher lows off 3989 London low, capped at 4028–4030.
The pre-FOMC dip below the $4,000 psych level ran out at 3989.15 London low, matching Monday's 3988.84 low. A higher-low chain then carried gold back through 4000. The 12:30 UTC bar around the Durable Goods release poked above the 4025.59 Asian range high to a 4028.50 session high, just shy of the 4029.82 prior high, then faded as RSI(14) eased from the high 60s.
Support: 4,008.43, 4,000.00, 3,989.15
Resistance: 4,028.50, 4,029.82
What it said to watch
M15 close above 4029.82 prior high clears both the session high and the Asian range top
Break of 4008.43 higher low ends the intraday HL chain and exposes 4000 psych
Loss of 3989.15 london low voids the double bottom and puts the $3,975 three-month low in view
Consumer Confidence and New Home Sales at 14:00 UTC; Fed decision Wed 18:00 UTC could materially shift this read
12:32 UTC
Intraday uptrend off london low, RSI near 70 · RSI 70 · price 4,020.33
Double bottom at 3989 then HH/HL chain; testing just below asian high.
London's 3989 london low matched Monday's floor, and the 10:30 UTC rally reclaimed the 4000 psych level before clearing the 4016 breakout to 4022 along a rising trendline of higher lows. RSI(14) is near 70 as price sits just under the 4025.6 asian high, at the London-NY transition, into the Durable Goods release.
Support: 4,016.25, 4,000.00, 3,989.15
Resistance: 4,025.59, 4,029.82
What it said to watch
Durable Goods (12:30 UTC), then Consumer Confidence and New Home Sales at 14:00 UTC: a firm print adds to USD strength and could cap price at the asian high
M15 close above the 4025.6 asian high exposes the 4029.8 monday high
Loss of the 4016 breakout and the rising trendline puts the london rally fib 50% at ~4005.7 and the 4000 psych level back in play
A break back below the 3989 london low would void the double bottom read; FOMC Wed 18:00 UTC remains the larger event risk
12:17 UTC
Rebound from London low, stalling under session high · RSI 64 · price 4,012.90
Higher lows since 3989, 4008–4018 consolidation.
Firm USD dragged gold through 4000 into a 3989.15 London low, just above Monday's 3988.84 low, forming a double bottom. A higher low at 3993 fed a rebound back over the round number, and price is now compressing in a 4008–4018 consolidation under the 4017.71 session high, with RSI(14) near 64 and the 4025.59 Asia high above.
Support: 4,007.60, 4,000.00, 3,989.15
Resistance: 4,017.71, 4,025.59, 4,029.82
What it said to watch
Durable Goods at 12:30 UTC (f/c 0.6%): a strong print extends USD strength and pressures the 4007.6 range low
M15 close above the 4017.71 session high exposes the 4025.59 Asia high and the 4029.82 prior high
Loss of the 4007.6 range low and the rising support line brings the 4000 round number and the 61.8% fib back into play
Break below the 3989.15 london low voids the double bottom read
London false break below Asian range, reclaimed 4000, back inside range.
London broke below the Asian range and printed a 3989.15 day low, matching yesterday's 3988.84 trough, despite a firmer USD. An 11:00 UTC reversal reclaimed the 4000 psych level and retraced about 65% of the drop from the 4025.59 Asian high to the day low. Price now sits near 4013, just under the 4016.25 session high, ahead of US Durable Goods.
Support: 4,000.00, 3,989.15
Resistance: 4,016.25, 4,025.59, 4,029.82
What it said to watch
US Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could materially shift this read
An M15 close above the 4016.25 session high puts the 4025.59 Asian high and 4029.82 prior high in play
Loss of the 4000 psych level reopens the 3989.15 day low; a break there voids the double bottom
11:47 UTC
Intraday recovery off a double low, pausing · RSI 62 · price 4,009.19
False break of Asian low, higher low at 3993, coiling below session high.
London broke the Asian range low at 4003.90 and printed 3989.15. That matched yesterday's NY-open low at 3988.84 for a double low. A 10:30 UTC thrust then reclaimed the $4,000 psych level and tagged the 4016.25 session high. Price is now compressing at 4008–4014 inside the Asian range late in London, with RSI(14) near 62 and a firmer USD capping the bounce.
Support: 4,000.00, 3,993.30, 3,989.00
Resistance: 4,016.25, 4,025.59, 4,029.82
What it said to watch
US Durable Goods 12:30 UTC and Consumer Confidence 14:00 UTC could materially shift this read
M15 close above the 4016.25 session high opens the asian high at 4025.59 and the prior high at 4029.82
Failure to hold the 4000 psych level and the higher low at 3993.30 puts the 3989 double low back in play
Wednesday's FOMC (18:00 UTC) remains the dominant event risk for gold
False break below Asian low reclaimed; lower high at 4016 caps.
London broke below the Asian low and the $4,000 psych level to a 3989.15 session low, matching Monday's 3988.84 trough, before a 10:30 UTC squeeze took price back above 4000 despite the firm-USD, pre-FOMC tone. Late London now sits about 65% into the Asian high–London low fib. A lower high at the 4016.25 session high is capping, with a higher low in at 3993.3 and RSI(14) near 60.
Support: 4,000.00, 3,993.30, 3,989.15
Resistance: 4,016.25, 4,025.59, 4,029.82
What it said to watch
M15 close above the 4016.25 session high breaks the lower-high trendline and exposes the 4025.59 asian high, then the 4029.82 prior day hi
Loss of $4,000 psych and the 3993.3 higher low reopens the 3989.15 session low / double bottom
Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could shift USD tone into the NY open
Wednesday's FOMC at 18:00 UTC could materially shift this read
11:18 UTC
Intraday rebound inside a broader 3989–4030 range · RSI 55 · price 4,010.02
London false break of Asian low, higher low at 3993, now mid-range.
London broke the Asian low near the 4000 psych level and ran to 3989.15, a double low with Monday's 3988.84. A 10:30 UTC rally from a higher low at 3993.30 reclaimed 4000 and printed a spike high at 4016.25. Price is now mid-range at 4010 with RSI(14) neutral near 55, between the Asian high at 4025.59 and the double low.
Support: 4,000.00, 3,989.15
Resistance: 4,016.25, 4,025.59, 4,029.82
What it said to watch
M15 close back below the 4000 psych level unwinds the false-break read and puts the 3989 double low back in play
Close above the 4016.25 spike high opens the Asian high at 4025.59 and the prior high at 4029.82
Loss of the higher low line from 3989.15 to 3993.30 negates the London rebound structure
US Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could shift USD tone ahead of Wednesday's FOMC
London broke below the Asian range and 4000, then reclaimed it; lower-high chain intact.
Gold faded from the 4025.6 Asian high on a firm USD. London broke below the Asian range and the 4000 psych, but demand stepped in at 3989, making equal lows with Monday's 3988.8. The 10:30 UTC bar reclaimed 4000, and price now sits near the 61.8% fib after the London high at 4016.25 capped the bounce.
Support: 4,000.00, 3,989.15
Resistance: 4,016.25, 4,025.59, 4,029.82
What it said to watch
M15 close above the London high at 4016.25 breaks the lower-high chain and exposes the Asian high at 4025.6 and the prior high at 4029.8
Slip back below the 4000 psych turns the reclaim into a failed one and reopens the equal lows at 3989; a break there sets a lower low toward the 3975–3978 three-month low
US Durable Goods at 12:30 UTC could materially shift this read ahead of the NY open; FOMC Wed 18:00 UTC is the larger event risk
London low at 3989 matches yesterday's low; higher low at 3993 and descending trendline broken.
A firmer USD pushed gold through the $4,000 psych and below the Asian range low in London, but the 3989.15 london low matched yesterday's 3988.84 low and a 3993.30 higher low followed. Two strong late-London bars broke the descending trendline from the 4025.59 asia high and put price at the 61.8% fib near 4012, with RSI(14) at 58 and the asia pivot near 4020 next overhead.
Support: 3,993.30, 3,989.15
Resistance: 4,020.00, 4,025.59, 4,029.82
What it said to watch
An M15 close back below the $4,000 psych would turn the reclaim into a false recovery
Loss of the 3993.30 higher low reopens the 3989.15 london low
Acceptance above the 4020 asia pivot exposes the 4025.59 asia high and the 4029.82 prior high
US Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could shift the pre-FOMC USD tone
10:32 UTC
Downtrend, lower highs since Asia · RSI 39 · price 3,994.24
Asian range broken lower in London; bounce rejected at fib 38.2 under 4000.
London broke below the Asian range low near 4000 as the USD extended a third day of gains. That leg printed a 3989 swing low, matching yesterday's NY low. The bounce stalled at the fib 38.2 (4003.2), was rejected back under the 4000 psych handle, and left the lower-high trendline from the 4025.6 asia high intact.
Support: 3,989.00, 3,975.00
Resistance: 4,000.00, 4,003.20, 4,025.60
What it said to watch
M15 close above the 4003.2 fib 38.2 and the lower-high trendline breaks the descending sequence
Failure to hold the 3989 swing low exposes the 3975 3m low
Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could reshape the NY session range
FOMC Wed 18:00 UTC: December-hike guidance could materially shift this read
10:17 UTC
Intraday downtrend, lower highs since Asia · RSI 41 · price 3,995.91
London broke below the Asian range; bounce rejected under 4,000 psych.
London pushed through the Asian range low near 4,000 and tagged 3,989.15, in line with yesterday's 3,988.84 low, as the USD extended a third day of gains into FOMC. The rebound stalled at the fib 38.2 near 4,003 and price is back under the 4,000 psych, with lower highs intact since the 4,025.59 asia high.
What it said to watch
M15 close above 4,003.2 fib 38.2 and the 4,007.88 london high breaks the lower-high sequence
Failure to hold the 3,989 london low and yesterday's low exposes the 3,975 3m low
Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could shift the read into the NY open
London swept the Asian low to 3989, now forming higher lows back above 4000.
Mid-London, gold swept the Asian low at 3997.36 to a 3989.15 session low, just above Monday's 3988.84 low, then reclaimed the 4000 psych level. The descending trendline from the 4025.59 Asian high is broken and price sits at the 38.2% retrace near 4003. USD firmness into FOMC capped every Asian rally.
Support: 4,000.00, 3,996.71, 3,989.15
Resistance: 4,007.88, 4,011.30, 4,025.59
What it said to watch
Failure to hold 4000 psych and the 3996.71 higher low negates the trendline breakout and returns focus to the 3989.15 session low
A close above the 4007.88 london high (50% fib) extends the higher-low sequence toward the 4011.3 swing high near the 61.8% fib
Asian high at 4025.59 remains the top of the 24h range
US Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could shift pre-FOMC USD tone and this read
09:47 UTC
Downtrend, lower highs through London · RSI 42 · price 3,998.32
Asian range broken lower, basing above prior-day low.
London broke the Asian low at 4003.90 and lost the $4,000 psych as the USD firmed for a third day. The move printed a session low at 3989.15, retesting the prior-day low at 3988.84. Lower highs at 4025.59, 4007.88 and 4002.30 define a descending trendline, and the 09:00 UTC bounce met rejection just above 4000 with RSI(14) near 42.
Support: 3,989.15
Resistance: 4,000.00, 4,003.90, 4,007.88
What it said to watch
M15 close back above the 4003.90 asian low, which also sits near the 38.2% downleg fib, and the descending trendline negates the lower-high sequence
Break of the 3989 session low and prior-day low exposes the $3,975 3-month low
Repeated failure below the 4000 psych keeps the lower-high structure intact
US Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could shift pre-FOMC hike pricing and this read
09:32 UTC
Intraday downtrend, lower highs since Asia · RSI 45 · price 3,998.27
Lower-high/lower-low chain from 4025.59, holding below $4,000 psych.
A lower-high chain from the 4025.59 Asian high took gold through the $4,000 psych level in London. The session low at 3989.15 sits just above the prior 3988.84 low. The bounce to 4002.30 stalled under the 38.2% fib and the lower-highs trendline, with firm USD and yields weighing ahead of FOMC; RSI(14) is neutral near 44.
Support: 3,989.15, 3,975.00
Resistance: 4,002.30, 4,007.88
What it said to watch
A close back above the 4002.30 lower high and the lower-highs trendline breaks the chain, with the 4007.88 london high next.
Failure to hold the 3989.15 session low opens the 3975 3-month low cited in the macro digest.
Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could shift yields and USD, and with them the psych $4,000 pivot.
09:17 UTC
Intraday downtrend, lower highs since Asia · RSI 33 · price 3,995.29
Asian range broken lower, lower-high/lower-low chain intact.
Mid-London, gold slipped through the 3997 Asian range low and extended the lower-high chain off the 4025.59 asian high. It printed 3989.15, a near-test of yesterday's 3988.84 NY session low, which is the prior low. Price sits back under the $4,000 psych level and the descending trendline as USD firms for a third day into FOMC, with RSI(14) near 33 and not yet stretched.
Support: 3,988.84, 3,975.00
Resistance: 4,007.88, 4,025.59
What it said to watch
An M15 close back above the 4007.88 london high, near the 50% fib of the asian high-low drop, breaks the lower-high chain
Failure to hold the 3988.84 prior low opens the 3975 3m low area
Reclaiming the $4,000 psych level and the descending trendline would turn the London break below the Asian low into a false break
Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC can move yields into the NY open, with FOMC Wed 18:00 UTC as the larger risk
09:05 UTC
Intraday downtrend, lower highs since Asia · RSI 34 · price 3,995.29
Asian range broken lower in London, session low testing prior-day low.
London broke below the Asian range and the 4000 psych level as USD firmed for a third day. The move printed a session low at 3989.15, just above Monday's 3988.84 prior low. Lower highs since the 4025.59 Asian high keep the falling trendline intact, with RSI(14) near 34 and not yet oversold.
Support: 3,988.84, 3,975.00
Resistance: 4,000.00, 4,007.88, 4,025.59
What it said to watch
M15 close below 3988.84 prior low exposes the 3975 3-month low area
Close back above 4000 psych and the falling trendline breaks the lower-high chain; 4007.88 london high sits above
Fib 50% of the Asian high to session low leg is near 4007, in line with the london high
Durable Goods 12:30 UTC and Consumer Confidence 14:00 UTC could reprice yields into the NY session
FOMC Wed 18:00 UTC is the larger event risk for this read
08:47 UTC
Downtrend, lower highs since Asia · RSI 35 · price 3,996.80
London broke below the Asian range low and is holding under 4000.
London broke below the 4000 psych handle and the Asian range low, printing a london low at 3992.54 on a firm USD into FOMC. The lower-highs line from the 4025.59 asian high to the 4007.88 london high is intact. RSI(14) sits near 35, soft but not stretched.
Support: 3,992.54, 3,988.84
Resistance: 4,000.00, 4,007.88, 4,025.59
What it said to watch
Failure to hold 3988.84 (monday low) extends the lower-low sequence toward the three-month lows
Reclaim of 4000 psych and a close above the 4007.88 london high breaks the lower-highs line
Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could move yields and USD before NY
Wed FOMC (18:00 UTC) remains the dominant event risk for this read
Lower highs and lower lows below the Asian range, capped under $4,000.
Late Asia slipped below the Asian range low and London extended the slide through the $4,000 psych to a session low at 3992.54. The lower-highs sequence from the 4025.59 Asian high is intact as USD firmness into FOMC weighs. RSI(14) near 35 is not oversold, and yesterday's NY prior low at 3988.84 sits just below.
Support: 3,992.54, 3,988.84
Resistance: 4,007.88, 4,025.59
What it said to watch
M15 close back above the 4007.88 London high breaks the lower-highs sequence
Failure to hold the 3988.84 prior low extends the lower-low chain toward the $3,975 three-month low
Reclaim and hold of the $4,000 psych would put price back near the drop retrace zone at 4005–4009
Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could shift this read ahead of Wednesday's FOMC
08:17 UTC
Intraday downtrend, lower highs since 04:15 UTC · RSI 32 · price 3,997.15
Lower-high/lower-low chain, below the Asian range and the $4,000 handle.
Sellers capped gold at the Asian high of 4025.59. Price then printed a run of lower highs and slipped through the $4,000 psych handle into the London open, on persistent USD firmness. The current session low is 3996.58, RSI(14) is near 32 and not yet stretched, and yesterday's prior low at 3988.84 is the next reference below.
Support: 3,996.58, 3,988.84
Resistance: 4,000.00, 4,007.88, 4,025.59
What it said to watch
M15 close back above 4007.88 lower high and the falling trendline breaks the lower-high chain
Failure to hold 3996.58 session low exposes the 3988.84 prior low
Reclaim of 4000 psych keeps the break below the Asian range in question
US Durable Goods 12:30 UTC and Consumer Confidence 14:00 UTC could shift this read, with FOMC Wed 18:00 UTC
Lower highs from the 4025.59 Asian high; price retesting the 3997 session low just under $4,000.
Gold has given back the Asian bounce from the 4025.59 Asian high. Price is printing lower highs at 4012 and 4007.88, and is back on the 3997 session low in early London as USD firmness into FOMC weighs. The $4,000 psych handle has flipped to overhead resistance, with RSI(14) near 32 and not yet oversold.
Support: 3,997.04, 3,988.84
Resistance: 4,000.00, 4,007.88, 4,025.59
What it said to watch
Failure to hold the 3997 session low exposes Monday's NY low at 3988.84
An M15 close back above the 4000 psych level and the 4007.88 lower high breaks the descending trendline read
A rebound toward the 4025.59 Asian high would neutralise the lower-high sequence
US Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could move yields and USD into NY
Wednesday's FOMC (18:00 UTC) is the dominant event risk for this read
07:47 UTC
Intraday downtrend, lower highs since the Asian high · RSI 37 · price 4,005.21
LH/LL chain from 4025.59, early London pinned just above $4,000.
Monday's NY flush to the 3988.84 monday low reversed to 4029.82. The Asia session then capped at the 4025.59 asian high and stepped lower into a 3997.36 session low as USD firmness and rebounding yields weighed. Early London is holding just above the $4,000 psych handle under the 4007.88 lower high and the descending trendline, RSI(14) near 37.
Support: 3,997.36, 3,988.84
Resistance: 4,007.88, 4,011.48, 4,025.59
What it said to watch
M15 close back below the 3997.36 session low extends the lower-low chain toward the 3988.84 monday low
Close above the 4007.88 lower high and descending trendline opens the fib 50% at 4011.48 and breaks the LH sequence
Reclaim of the 4025.59 asian high invalidates the intraday downtrend read
US Durable Goods 12:30 UTC and Consumer Confidence 14:00 UTC could shift yields and this read ahead of Wednesday's FOMC
Lower highs from 4025.59 asian high; Asian low swept, 4000 reclaimed.
Gold slid from the 4025.59 asian high and swept below the Asian low near 4003.90 into the London open, printing a session low at 3997.36 as USD firmness held, before reclaiming the 4000 psych level. Each bounce has stalled at a lower high, most recently 4007.88, with price below both EMAs and RSI(14) near 37.
Support: 4,000.00, 3,997.36, 3,988.84
Resistance: 4,007.88, 4,012.04, 4,025.59
What it said to watch
M15 close above the 4012.04 swing high (near the 50% retracement of the asian high to session low leg) breaks the lower-high sequence
Close below the 3997.36 session low opens yesterday's NY prior low at 3988.84
US Durable Goods at 12:30 UTC and Conference Board Confidence at 14:00 UTC could shift yields and this read
Fed decision Wed 18:00 UTC keeps the 4000 psych level as the pivot
Lower highs and lower lows since the 4025.59 Asian high.
After a rejection at the 4025.59 Asian high, late Asia slid to a 3997.36 session low and briefly lost the $4,000 psych level. USD firmness and rebounding yields capped gold. Lower highs at 4012.04 and 4005.62 keep the micro-structure pointing down into London open, with RSI(14) near 38 and price below both EMAs.
Support: 4,000.00, 3,997.36, 3,988.84
Resistance: 4,012.04, 4,025.59, 4,029.82
What it said to watch
M15 close back above the 4012.04 lower high breaks the descending sequence. That level sits beside the 4011.48 fib 50% of the Asian high-session low drop.
Sustained trade below the 4000 psych and the 3997.36 session low exposes the 3988.84 yday low from Monday's NY-open flush.
Reclaiming 4025.59 brings the 4029.82 yday high back into view.
US Durable Goods (12:30 UTC) and Consumer Confidence (14:00 UTC) could move yields into NY session ahead of Wednesday's FOMC.
Lower highs and lower lows since the 04:15 UTC Asian high.
Asia faded from the 4025.59 asian high to a 3997.36 asian low as a third day of USD firmness capped the de-escalation bounce. London opens pinned at the $4,000 psych with RSI(14) near 32, below both EMAs, and Monday's 3988.84 ny low as the next reference beneath.
Support: 3,997.36, 3,988.84
Resistance: 4,012.04, 4,025.59, 4,029.82
What it said to watch
M15 close below the 3997.36 asian low extends the lower-low chain toward the 3988.84 ny low
Recovery above the 4012.04 lower high neutralises the Asia selloff; the trendline from the 4029.82 prior high caps near the asian high
Durable Goods (12:30 UTC) and Consumer Confidence (14:00 UTC) could move yields and test the $4,000 psych before Wednesday's FOMC
Late Asia session saw a reversal from the 4025.59 Asian high into a chain of lower highs. Price broke the 4003.90 Asia low and is tagging the 4000 psych handle (session low 3999.05) ahead of London open as a third day of USD firmness and firmer yields cap gold. RSI(14) near 38 is not stretched, and Monday's NY low at 3988.84 sits below.
Support: 3,999.05, 3,988.84
Resistance: 4,003.90, 4,012.04, 4,025.59
What it said to watch
M15 close back above 4003.90 (asia low) puts price back inside the Asian range and negates the break
Acceptance below the 4000 session low exposes the 3988.84 monday low
Close above the 4012.04 lower high breaks the descending lower-highs line and the 61.8% of the Asian high drop
Durable Goods 12:30 UTC and Consumer Confidence 14:00 UTC can move yields ahead of Wed FOMC 18:00 UTC
06:32 UTC
Intraday downswing inside the Asian range · RSI 42 · price 4,002.92
Lower high at 4012 after 4025 Asian high; retesting the 4000 Asian low.
Late in the Asia session, gold has faded from the 4025.59 Asian high back to the 4000 psych handle. The bounce off the 4000.07 Asian low stalled at 4012.04 for a lower high, and price is retesting that low as USD firms for a third day into FOMC. RSI(14) near 42 sits mid-range, below EMA20 and EMA50.
Support: 4,000.07, 3,988.84
Resistance: 4,012.04, 4,025.59, 4,029.82
What it said to watch
M15 close below the 4000.07 asian low breaks the Asian range and puts yesterday's 3988.84 prior low in play
M15 close above the 4012.04 lower high voids the lower-high sequence and reopens the 4025.59 asian high / 4029.82 prior high zone
London open liquidity could resolve the 4000 retest
Durable Goods 12:30 UTC and Consumer Confidence 14:00 UTC could jolt yields and the 4000 handle ahead of Wednesday's FOMC
06:17 UTC
Range-bound, drifting lower inside the Asian range · RSI 41 · price 4,005.26
Lower highs off the Asian high, with psych 4000 holding as the range floor.
The Asian range ran 4000.07–4025.59. The push to the asian high was rejected, and a chain of lower highs since has capped price under the 4012 lower high. The late-Asia dip to psych 4000 was absorbed, but price sits back near the floor ahead of London open with RSI(14) near 41, as a third day of USD firmness into Wednesday's FOMC pins gold just above the handle.
Support: 4,000.07, 3,988.84
Resistance: 4,012.04, 4,025.59, 4,029.82
What it said to watch
M15 close below psych 4000 breaks the Asian range and exposes the 3988.84 prior low from Monday's NY session
M15 close above the 4012 lower high breaks the descending lower-highs line and reopens the asian high at 4025.59 and the prior high at 4029.82
Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could shift yields and USD before Wednesday's FOMC
06:03 UTC
Range, lower high in Asia, leaning on 4000 · RSI 45 · price 4,007.39
Asian range 4000–4025.6 with a lower high under the prior high, price in the lower half.
Asia session rejected at the 4025.59 asian high, just shy of yesterday's 4029.82 prior high. Price then slid to tag psych 4000 and bounced, but the bounce high near 4011.3 capped it. Price sits in the lower half of the range, below both EMAs, with RSI(14) near 45 as a third day of USD firmness weighs ahead of the London open.
Support: 4,000.07, 3,988.84
Resistance: 4,011.30, 4,025.59, 4,029.82
What it said to watch
M15 close below psych 4000 breaks the Asian range and exposes yesterday's 3988.84 prior low
Reclaim of the 4011.3 bounce high puts the 4025.59 asian high back in play; the lower-highs line from 4029.82 caps above
Durable Goods 12:30 UTC and Consumer Confidence 14:00 UTC could move yields and test the 4000 pivot
FOMC Wed 18:00 UTC is the main event risk for this range
4000–4030 intraday range since the NY open washout; lower highs at 4029.82 and 4025.59, flat lows near 4000.
Late in the Asia session, gold swept the Asian low at 4000.07, just under the earlier 4003.90–4005.73 lows, and rejected back above the 4000 psych handle. RSI(14) sits near 43. The rebound from yesterday's NY low at 3988.84 keeps stalling under lower highs as the USD firms for a third day ahead of the FOMC.
Support: 4,000.07, 3,988.84
Resistance: 4,025.59, 4,029.82
What it said to watch
M15 close below 4000 confirms the Asian low break and exposes the NY low at 3988.84
Close above the 4025.59 Asian high and the lower-highs trendline from the 4029.82 prior high breaks the sequence
Rebound failing under the 38.2% fib of the Asian drop (~4009.8) keeps the lower-high chain intact
US Durable Goods 12:30 UTC and Consumer Confidence 14:00 UTC could reset the range ahead of Wednesday's FOMC
05:32 UTC
Intraday down-leg, below both EMAs · RSI 35 · price 4,000.85
Lower high under prior high; Asian range low giving way at 4000.
In late Asia, price was rejected at the 4025.59 asian high, a lower high under Monday's 4029.82 prior high. Five straight down bars, with the USD firm for a third day, have since pushed price through the 4003.90 asian low to the psych 4000 handle. RSI(14) is near 35 and price sits between the 61.8% and 78.6% levels of the NY rally fib off the 3988.84 ny low.
Support: 4,000.00, 3,988.84
Resistance: 4,003.90, 4,025.59, 4,029.82
What it said to watch
M15 close back above the 4003.90 asian low would mark a false break of the Asian range
Failure to hold psych 4000 exposes the 3988.84 ny low, then the $3,975 three-month low
London open in ~1.5h is the first test of whether the lower highs sequence holds
US Durable Goods 12:30 UTC and Consumer Confidence 14:00 UTC, with FOMC Wed 18:00 UTC, could materially shift this read
05:17 UTC
Range-bound, short-term heavy · RSI 44 · price 4,007.68
Asian range 4004–4020, upside false break to 4025.6 rejected.
Late Asia session: the push through the 4019.5 range top to a 4025.6 session high was rejected. Four straight lower closes have retraced the whole Asian leg back toward the 4004 asian low, with price under EMA20/50 and RSI(14) near 44. Gold's fragile bid above the $4,000 psych is being capped by a firm USD ahead of FOMC; the prior-day NY swing from the 3988.8 prior low to the 4029.8 prior high frames the wider box.
Support: 4,004.00, 4,000.00, 3,988.84
Resistance: 4,019.50, 4,025.59, 4,029.82
What it said to watch
Failure to hold the 4004 asian low exposes the 4000 psych and the 3988.8 prior low
An M15 close back above the 4019.5 range top reopens the 4025.6 session high and the 4029.8 prior high
A full retrace of the asian leg confirms the false-break read
US Durable Goods 12:30 UTC and Consumer Confidence 14:00 UTC could reset the intraday range; FOMC Wed 18:00 UTC is the larger risk
Asian range 4003.90–4025.59; rising highs capped, base near 4004.
Late Asia session: gold was rejected at the asian high of 4025.59 and has retraced about 73% of the 4005.73–4025.59 asian leg fib, slipping back under EMA20/EMA50 near 4011. The asian base around 4004 has held three times since the open, and the rebound from yesterday's 3988.84 NY prior low stays intact as US-Iran hopes cool oil.
Support: 4,004.00, 4,000.00, 3,988.84
Resistance: 4,025.59, 4,029.82
What it said to watch
A close below the 4004 asian low and asian base trendline exposes the 4000 psych level and the 3988.84 prior low
A recovery through the 4025.59 asian high opens a test of the 4029.82 prior high
London open in about 2h may break the Asian range
US Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could shift this read ahead of Wednesday's FOMC
Asian range 4003.90–4025.59 with rising lows; late-Asia rejection below prior high.
Yesterday's NY sweep to 3988.84 was fully reversed as oil eased, and late Asia is now holding a 4003.90–4025.59 Asian range. The push to the 4025.59 asian high was rejected short of the 4029.82 prior high. Price is back at the 61.8% fib of the 4005.73–4025.59 leg, just under both EMAs, with RSI(14) neutral near 49.
Support: 4,013.31, 4,003.90, 4,000.00
Resistance: 4,025.59, 4,029.82
What it said to watch
Hold of the 61.8% fib at 4013.31 keeps the rising lows from 4003.90 and 4005.73 intact
Break below the 4003.90 asian low exposes the 4000 psych pivot
Close above the 4025.59 asian high, then the 4029.82 prior high, breaks the range
London open is the next test of the Asian range
US Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could shift this read
Asian range 4004–4026, higher low at 4005.73, stalling at session high.
Yesterday's NY flush to the 3988.84 prior low reversed sharply to a 4029.82 prior high, with the rebound tied to US-Iran de-escalation hopes knocking oil lower. Asia session has built a 4004–4026 range, with a higher low at 4005.73 above the 4003.90 Asian low. The Asian leg up tagged a 4025.59 Asian high and printed an upper-wick rejection, while the 4013.46 pullback low sits beneath; RSI(14) is neutral near 56.
Support: 4,013.46, 4,003.90, 3,988.84
Resistance: 4,025.59, 4,029.82
What it said to watch
M15 close above the 4025.59 Asian high puts the 4029.82 prior high in play
Loss of the 4013.46 pullback low reopens the higher low trendline and the 4003.90 Asian low, with the $4,000 psych pivot just below
A break of the 3988.84 prior low would invalidate the rebound structure
Durable Goods 12:30 UTC and Consumer Confidence 14:00 UTC could reset the range during NY hours; FOMC Wed 18:00 UTC is the main event risk
04:17 UTC
Intraday range, pressing the top · RSI 61 · price 4,021.97
Asian range 4004–4023, higher low at 4005.73, price testing the Asian high.
Monday's NY session swept below 4,000 to the 3988.84 NY low, then rebounded to a 4029.82 prior high as oil eased on US-Iran de-escalation hopes. Late in the Asia session price held the 4004 Asian low at roughly the 61.8% retracement of that rally and is now pressing the 4022.95 Asian high, with RSI(14) near 61 and the 4013.46 pullback low beneath.
Support: 4,013.46, 4,004.00, 3,988.84
Resistance: 4,022.95, 4,029.82
What it said to watch
M15 close above the 4022.95 Asian high opens the path to the 4029.82 prior high
Failure to hold the 4013.46 pullback low returns price to the middle of the Asian range
Break of the 4004 Asian low exposes the 4,000 psych level and the 3988.84 NY low
US Durable Goods 12:30 UTC and Consumer Confidence 14:00 UTC could materially shift this read ahead of Wednesday's FOMC
04:04 UTC
Sideways after NY rebound, testing range top · RSI 53 · price 4,017.25
Asian range 4003.90–4021.53, lows holding near 61.8% of NY rally.
Gold dipped below psych 4000 to the ny low at 3988.84 during NY hours, then recovered to a prior high of 4029.82 as oil eased on US-Iran de-escalation hopes. Late in the Asia session price is ranging 4004–4021.5. The asian low has held three times near the 61.8% retracement of that NY rally, and the 03:30 UTC push is pressing the asian high with RSI(14) neutral at 53.
Support: 4,004.00, 4,000.00, 3,988.84
Resistance: 4,021.53, 4,029.82
What it said to watch
M15 close above the 4021.53 asian high breaks the range top and opens the 4029.82 prior high
Failure to hold the 4004 asian low exposes psych 4000 and the 3988.84 ny low
Durable Goods 12:30 UTC and Consumer Confidence 14:00 UTC could break the Asian range; FOMC Wed 18:00 UTC is the larger risk
03:47 UTC
Range, testing top · RSI 58 · price 4,020.09
Asian range 4004–4020 with flat lows; latest bar pushing through the range top.
Late in the Asia session, gold is pressing through the asian high near 4020 after demand held the 4004 asian low three times overnight. US-Iran de-escalation hopes are keeping it above the 4000 psych level. Monday's NY flush to 3988.84 fully reversed, and the 4026 ny high and 4030 monday high cap the move, with RSI(14) neutral near 58.
Support: 4,019.93, 4,004.00, 4,000.00
Resistance: 4,029.82
What it said to watch
Failure to hold above the 4020 asian high turns the push into a false break back inside the range
Close above the 4029.82 monday high clears the 4026 ny high cap and the 23.6% level of the ny swing fib
Loss of the 4004 asian low and the asian low line exposes 4000 psych and the 3988.84 NY low
US Durable Goods at 12:30 UTC could move USD and gold; Wednesday FOMC remains the main event
03:32 UTC
Sideways after Monday's NY rally · RSI 46 · price 4,011.67
Asia session range 4004–4020, price mid-range.
Late Asia session sits mid-range at 4011.67 between the asian low near 4004 and the asian high near 4020. Each boundary has held three times, and RSI(14) is neutral at 46. The range holds above the 61.8% retrace of Monday's NY rally from the 3988.84 monday low to the 4029.82 monday high, a rally driven by US-Iran de-escalation hopes knocking oil lower.
Support: 4,004.00, 4,000.00, 3,988.84
Resistance: 4,019.93, 4,029.82
What it said to watch
M15 close below the asian low at 4004 exposes the round number at 4000 and the 61.8% retrace, then the monday low at 3988.84
Break above the asian high at 4019.93 reopens the monday high at 4029.82
US Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC are the likely catalysts to break the Asian range ahead of Wednesday's FOMC
03:17 UTC
Two-way, fading off the Asian range top · RSI 44 · price 4,007.80
Asian range 4004–4020 inside Monday's 3988–4030 swing, lower highs since 4029.8.
Monday's NY dip to the 3988.8 ny low was bought back to a 4029.8 prior high on US-Iran de-escalation hopes. Late Asia session shows a 4004–4020 range: three rejections at the asian high, and price is now under the ema20 near 4012, sliding toward the asian low at the 61.8% fib of the NY rebound.
Support: 4,004.00, 4,000.00, 3,988.80
Resistance: 4,012.00, 4,020.00, 4,029.80
What it said to watch
M15 close below the 4004 asian low and the 4000 round number exposes the 3988.8 ny low
Reclaim of the ema20 at 4012 and a close above the 4020 asian high breaks the lower highs line toward the 4029.8 prior high
London open is the first test of the Asian range; US Durable Goods at 12:30 UTC and Wednesday's FOMC could materially shift this read
Mid-Asia session, gold is rotating inside a 4004–4020 Asian range after two rejections at the 4019–4020 Asian high. Price sits at the 50% retracement of Monday's NY rebound from 3988.84 to 4029.82, with lower highs since the Monday high and RSI(14) flat near 48. The recovery above 4,000 on US-Iran de-escalation hopes is stalling as USD firms into FOMC.
Support: 4,003.90, 4,000.00, 3,988.84
Resistance: 4,019.93, 4,029.82
What it said to watch
Break of the 4004 Asian low exposes the 4000 psych level
Loss of 4000 reopens the Monday low at 3988.84
Close above the 4020 Asian high breaks the lower-highs sequence; Monday high 4029.82 is next
US Durable Goods at 12:30 UTC and Wednesday's FOMC could materially shift this read
Asian range 4003.90–4019.93 inside Monday's 3988.84–4029.82 span.
Mid-Asia session, price is chopping mid-range at 4012.81 between the 4003.90 asian low and 4019.93 asian high, just under a flat EMA20 with RSI(14) near 50. Monday's NY flush to the 3988.84 monday low reversed to 4029.82 as US-Iran de-escalation hopes knocked oil lower. The 61.8% retracement of that NY rebound fib sits on the asian low.
Support: 4,003.90, 4,000.00, 3,988.84
Resistance: 4,019.93, 4,029.82
What it said to watch
M15 close below the 4003.90 asian low exposes the 4000 psych level and the 3988.84 monday low
Close above the 4019.93 asian high reopens the 4029.82 monday high
US Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 could break the Asian range during NY hours
Wed FOMC guidance on a December hike could materially shift this read
Asia range 4003.90–4019.93 inside Monday's 3988.84–4029.82 NY swing.
Mid-Asia session, gold is ranging between the 4003.90 asian low and the 4019.93 asian high, below Monday's 4029.82 prior high, and is pinned just under both EMAs. Four dips into the 4004 area were rejected. That level sits at the 61.8% of the NY swing fib, the 3988.84 ny low to 4029.82 rebound the digest ties to US-Iran de-escalation knocking oil lower. RSI(14) is neutral near 51.
Support: 4,003.90, 4,000.00, 3,988.84
Resistance: 4,019.93, 4,029.82
What it said to watch
M15 close below the 4003.90 asian low breaks the Asia floor and exposes the 4000 round number, then the 3988.84 ny low
M15 close above the 4019.93 asian high reopens the 4029.82 prior high
Loss of the 61.8% of the NY swing fib near 4004.50 would undercut the Monday rebound structure
US Durable Goods at 12:30 UTC and Wednesday's FOMC could materially shift this read
02:17 UTC
Sideways, flat EMAs · RSI 49 · price 4,015.42
Asia range 4003.9–4019.9 inside Monday's 3988.8–4029.8 swing.
Monday's NY session rebounded from 3988.8 to the 4029.8 Monday high as US-Iran de-escalation hopes knocked oil and yields lower. Early Asia is now chopping between the 4003.9 Asian low, which sits near the 61.8% fib of that rally, and the 4019.9 Asian high. RSI(14) near 49 and price hugging flat EMAs show no directional pressure.
Support: 4,003.90, 4,000.00
Resistance: 4,019.90, 4,029.80
What it said to watch
M15 close above the 4019.9 Asian high opens the 4029.8 Monday high
Failure to hold the 4003.9 Asian low and 61.8% fib exposes the 4000 psych level
US Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could break the Asian range; FOMC Wed 18:00 UTC is the larger risk
Asian range 4003.90–4019.93, both edges tested twice.
Early Tuesday Asia session is boxed between the 4004 Asian low and the 4020 Asian high. Two spikes into 4019–4020 were faded and two dips to 4004 drew buyers, leaving price mid-range near 4012 with RSI(14) flat at 47. That sits between the 38.2% and 50% fib retrace of Monday's NY swing from 3988.84 to 4029.82, as gold holds above $4,000 on US-Iran de-escalation hopes.
Support: 4,004.00, 4,000.00, 3,988.84
Resistance: 4,020.00, 4,029.82
What it said to watch
M15 close below the 4004 asian low exposes 4000 psych, then the 3988.84 ny low
M15 close above the 4020 asian high reopens the 4029.82 prior high
Losing the 50% fib at 4009 shifts the read toward a deeper retrace of the NY swing
US Durable Goods at 12:30 UTC and FOMC Wed 18:00 UTC could materially shift this read
Early-Asia range 4004–4020 below Monday's 4029.82 high.
Gold is ranging between 4004 and 4020 in the early Asia session. This follows Monday's NY rebound from the 3988.84 NY low to the 4029.82 prior high, which faded into the close. The 4004 Asian low has held twice and sits near the 61.8% retrace of that NY swing, while RSI(14) near 52 and flat EMAs reflect a pre-FOMC drift with US-Iran de-escalation hopes keeping price above the 4000 psych level.
Support: 4,004.00, 4,000.00, 3,988.84
Resistance: 4,019.93, 4,029.82
What it said to watch
M15 close above the 4019.93 Asian high reopens the 4029.82 prior high
Failure to hold the 4004 Asian low and 4000 psych exposes the 3988.84 NY low
US Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could break the Asian range
Wednesday's FOMC at 18:00 UTC could materially shift this read
01:32 UTC
Sideways after NY rally, momentum neutral · RSI 50 · price 4,015.01
Asian range 4003.90–4019.93, range low defended three times.
Gold has held above $4,000 since the NY rally from the 3988.84 NY low to the 4029.82 prior high, a move the digest ties to US-Iran de-escalation hopes and softer oil. Asia session is ranging 4003.90–4019.93 and sitting mid-range. Dips into the asian low near 4004, which lines up with the 61.8% of the NY rally fib, were rejected three times. RSI(14) is flat near 50.
Support: 4,003.90, 4,000.00, 3,988.84
Resistance: 4,019.93, 4,029.82
What it said to watch
M15 close below the 4003.90 asian low breaks the range and exposes the 4000 round number, then the 3988.84 ny low
Acceptance above the 4019.93 asian high reopens the 4029.82 prior high
US Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could break the Asian range
Wed FOMC (18:00 UTC) and December hike guidance could materially shift this read
01:17 UTC
Sideways, mild drift lower from NY high · RSI 45 · price 4,012.42
Asian range 4004–4020 inside Monday's NY swing; lower highs since 4029.8.
Gold is ranging between the 4004.1 asia low and the 4019.9 asia high. Twice in the session, demand stepped in near the 61.8% retrace of the NY swing fib (3988.8–4029.8), at about 4004.5. US-Iran de-escalation hopes keep it above $4,000, but a firmer USD into FOMC has capped it below the 4029.8 ny high, with RSI(14) neutral near 45.
Support: 4,004.10, 4,000.00, 3,988.84
Resistance: 4,019.93, 4,029.82
What it said to watch
Failure to hold the 4004.1 asia low exposes the 4000 round number and then the 3988.8 ny low
M15 close above the 4019.9 asia high reopens the 4029.8 ny high
US Durable Goods (12:30 UTC) and Consumer Confidence (14:00 UTC) could break the Asian range; FOMC Wednesday 18:00 UTC is the larger risk
Lower highs and lower lows since Monday's 4029.82 peak; early Asia range 4004–4020.
Monday's NY rebound from the 3988.84 ny low to the 4029.82 prior high came as US-Iran de-escalation hopes knocked oil and yields lower. Early Asia has printed lower highs since, and the spike to the 4019.93 session high was fully rejected. Price sits under both EMAs, between that high and the 4004.07 session low, which lines up with the 61.8% retrace of the NY swing, with a firmer USD into FOMC in the backdrop.
Support: 4,004.07, 4,000.00, 3,988.84
Resistance: 4,019.93, 4,029.82
What it said to watch
M15 close below the 4004.07 session low exposes the 4000 round number
Loss of 4000 opens the NY low at 3988.84
Close above the 4019.93 session high breaks the lower-high sequence, with the 4029.82 prior high next
US Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could shift this read ahead of Wednesday's FOMC
Lower highs from 4029.82; Asia session false break below 4008 swing low reclaimed.
Early Asia session dipped to a 4004.07 session low, near the 61.8% of Monday's NY swing fib. It then snapped back to a 4019.93 session high, leaving a false break under the 4008 swing low. Price is mid-range at 4014 with RSI(14) near 52 and flat EMAs, holding above the 4000 psych on US-Iran de-escalation hopes, while Monday's 4029.82 prior high caps the lower-high sequence.
Support: 4,008.15, 4,004.07, 4,000.00
Resistance: 4,019.93, 4,029.82
What it said to watch
M15 close back below the 4004.07 session low negates the false break and exposes the 4000 psych
Break of the 4019.93 session high and the lower-high trendline opens 4029.82 prior high
Failure to hold the 4008 swing low returns price to the bottom of the session range
US Durable Goods at 12:30 UTC and Wednesday's FOMC could materially shift this read
00:33 UTC
Sideways after NY rebound, lower highs forming · RSI 51 · price 4,012.31
Asia session coiling 4004–4020 inside Monday's NY range.
Early Asia session: the dip to the 4004.07 asia low, near the 61.8% fib of the 3988.84–4029.82 NY rebound, was reclaimed in one bar. That makes it a false break of the 4008 swing low, and price now sits near the 50% retracement just under EMA20 with RSI(14) flat at 51. The 4019.93 asia high extends a lower-highs line from the 4029.82 monday high, as Monday's de-escalation bid stalls against a firmer USD into FOMC.
Support: 4,004.07, 4,000.00, 3,988.84
Resistance: 4,019.93, 4,029.82
What it said to watch
Close above the 4019.93 asia high breaks the lower-highs line and reopens the 4029.82 monday high
Loss of the 4004.07 asia low and 61.8% fib exposes psych 4000, then the 3988.84 ny low
US Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could break the Asian range
Wed 18:00 UTC FOMC remains the main event risk for this read
Early Asia session swept below the 4008.5 swing low to 4004.07. A single bar then reversed to 4019.93, stalling at the 61.8% retrace of Monday's 4029.82–4004.07 fade and setting the Asian range. US-Iran de-escalation hopes are keeping the 4000 round number underpinned, but lower highs since 4029.82 keep the range capped, with RSI(14) neutral near 55.
Support: 4,008.50, 4,004.07, 4,000.00
Resistance: 4,019.93, 4,029.82
What it said to watch
M15 close above 4019.93 asian high breaks the lower-highs trendline and opens 4029.82 prior high
Slip back below 4008.5 swing low re-exposes 4004.07 asian low and the 4000 round number
US Durable Goods 12:30 UTC and Consumer Confidence 14:00 UTC could break the Asian range; FOMC Wed 18:00 UTC is the larger event risk
00:04 UTC
Intraday pullback, lower highs from Monday high · RSI 33 · price 4,005.09
Lower-high/lower-low chain since 4029.82, testing 61.8% retrace above 4000.
Early Tuesday Asia has extended the lower-high sequence from Monday's 4029.82 NY high. Price has broken the 4008.48 late-NY low and now sits on the 61.8% retrace of the 3988.84–4029.82 leg, just above the 4000 psych pivot. RSI(14) near 33 is soft but not oversold, with a firmer USD into FOMC capping the recovery.
Support: 4,000.00, 3,988.84, 3,978.16
Resistance: 4,008.48, 4,017.29, 4,029.82
What it said to watch
M15 close below the 4000 psych pivot exposes the 3988.84 swing low, then the 3978 monday low
Reclaim of the 4008.48 ny low and the lower-high line (~4013) would neutralise the pullback read
Lower-high line runs from the 4029.82 monday high through the 4017.29 reopen high
Durable Goods at 12:30 UTC Tue and Wednesday's FOMC could materially shift this read