Gold rolled over from the 4773 month high in a clean sequence of lower highs and lower lows, with the latest leg slicing the 4500-4540 floor and printing a fresh swing low at 4366. Price has since reclaimed back into the broken zone near 4500, but sits below both EMA20 and EMA50 with RSI mid-30s, keeping the structural read corrective. The US-Iran ceasefire MOU and Musalem's hawkish-leaning remarks are weighing on the safe-haven bid.
Support: 4,427.38
What it said to watch
H4 close back above the 4570 swing high would neutralise the lower-high sequence
Failure to hold 4427 prior low reopens the 4366 swing low
Confirmation or collapse of the US-Iran ceasefire could materially shift this read
17:01 UTC
Downtrend, sharp leg lower with intraday rebound · RSI 38 · price 4,482.13
Lower highs and lower lows; broke prior swing support at 4480.
Gold has rolled over decisively, slicing through the 4500 shelf and the prior swing low at 4480 before extending to a 4366 session low. The rebound off that low has reclaimed half the down-bar but price remains pinned below both EMA20 and EMA50, which have crossed bearish. ATR expansion confirms the regime shift from the prior 4500-4580 range into directional selling, with the US/Iran ceasefire progress reports adding to the haven unwind.
Support: 4,400.00, 4,300.00
Resistance: 4,500.00, 4,545.00, 4,580.00
What it said to watch
H4 close back above 4545 broken shelf would neutralise the breakdown read
Failure to hold 4400 swing low opens path toward 4300 psych
Final Trump approval on US/Iran MOU could extend the haven unwind
Gold extended its multi-week decline with a clean break of the 4475 swing support, printing a fresh two-month low at 4366 before a shallow bounce. The series of lower highs from 4764 through 4580 confirms an established downtrend, with EMA20 and EMA50 both capping price overhead. ATR(14) is expanding as the impulse leg accelerates, and RSI sits near oversold without yet showing divergence.
Resistance: 4,508.10, 4,580.42
What it said to watch
H4 close back above 4508 prior swing would neutralise the lower-high sequence
Loss of 4366 swing low opens room toward unfilled territory below
US core PCE print today could materially shift this read
Gold has extended its multi-week decline, breaking the 4480-4490 shelf and printing a fresh two-month low at 4366 amid Iran-US escalation and hawkish Fed positioning. Structure remains a clean sequence of lower highs and lower lows since the 4773 swing high, with price now well below both EMA20 and EMA50. RSI in oversold territory but no bullish divergence yet — momentum still pointing lower.
Support: 4,300.00
Resistance: 4,490.00
What it said to watch
H4 close back above the broken 4490 shelf would neutralise the breakdown
Failure to hold 4366 session low opens path toward the 4300 psych level
Ongoing Iran-US headlines remain the dominant catalyst and can shift the read intraday
Gold has rolled over from the 4773 swing high into a sustained sequence of lower highs and lower lows, with the latest leg breaking the 4490 prior support and accelerating to a two-month low at 4368. Headline-driven selling on renewed Gulf hostilities has paired with a clean technical break of the psych 4400 level, and RSI at 26 confirms momentum is firmly bearish without yet showing exhaustion divergence. EMA20 and EMA50 are both above price and rolling lower.
Resistance: 4,490.21
What it said to watch
H4 close back above 4490 broken supp would neutralise the breakout
Failure to reclaim psych 4400 keeps the lower-low sequence intact
Further Gulf escalation headlines could materially shift this read
Gold has carved a clean sequence of lower highs and lower lows since topping at 4773, with the latest leg slicing through the 4480 prior low to print 4401 before a tepid bounce to 4449. Price trades well below both EMA20 (~4508) and EMA50 (~4663), and ATR(14) has expanded as the move accelerated. Headlines around fresh US strikes on Iran and PCE inflation data ahead are the macro backdrop framing the next bar window.
Support: 4,427.00, 4,480.00
Resistance: 4,508.00, 4,663.00
What it said to watch
H4 close back above 4508 (ema20) would neutralise the lower-high structure
Failure to hold 4427 swing low confirms continuation toward 4401 and below
US PCE inflation print could materially shift this read