Lower-high sequence broken by sharp recovery rally; consolidating below 4515.
Gold tagged a two-month low near 4366 during Wednesday's NY session before staging a 150-dollar recovery on Iran-deal headlines, with the rally high at 4515 capping into the late NY close. Price has since drifted back to 4492 and is consolidating beneath EMA(20), with RSI cycling back to neutral after the bullish divergence at the lows. Structure has shifted from clean downtrend to corrective range between the 4470 rebound base and the 4515 rally high.
Support: 4,470.00, 4,432.00, 4,366.00
Resistance: 4,515.00, 4,545.00
What it said to watch
Hourly close above 4515 rally high would extend recovery toward the 4545 weekly open zone
Loss of 4470 rebound base reopens the 4432 breakout shelf and risks a retest of the 4366 week low
Headline-driven tape: any escalation in US-Iran exchanges around Hormuz can materially shift this read
22:01 UTC
Downtrend, sharp reversal off the lows · RSI 55 · price 4,495.76
Lower highs into 4366 sweep, V-shaped recovery toward mid-range.
Gold spent most of the week grinding lower from the 4580 week high, accelerating into a 4366 flush during the NY session before staging a sharp recovery on US-Iran ceasefire headlines and a softer dollar. Price reclaimed EMA(20) on the rebound and stalled at 4514, where the last two H1s printed small-bodied rejection. RSI(14) is back near neutral after a bullish divergence at the week low.
Support: 4,469.00, 4,432.00
Resistance: 4,538.00, 4,580.42
What it said to watch
Hourly close above 4514 rebound high opens room back toward the 4538 prior shelf
Rejection here and loss of the 4469 intraday base would put the 4432 rebound shelf back in play
Further Iran ceasefire or Fed-hawkish headlines (Musalem dropping easing bias) could materially shift this read
Lower-high lower-low sequence, V-shaped bounce in progress.
Gold sold off hard from the 4580 week high into a 4366 low during yesterday's NY session, then snapped back over 140 dollars as USD came under pressure on US-Iran ceasefire headlines and the Musalem 'no longer easing bias' comments. Price has now stalled into the 4511 bounce high with the last four bars compressing under it, RSI cooling from overbought back toward 56. The recovery has reclaimed EMA(20) but EMA(50) still caps overhead, leaving the week's structure as lower-highs into a sharp mean-reversion.
Support: 4,445.00
Resistance: 4,511.00, 4,538.00, 4,580.42
What it said to watch
Hourly close back above 4511 bounce high reopens the 4538 prior shelf
Rejection here with a break of 4445 recovery base reasserts the downtrend
Tokyo CPI in Asia session and any Trump approval of the Iran MOU could materially shift this read
20:01 UTC
Downtrend, sharp recovery into close · RSI 62 · price 4,502.10
Lower-high sequence broken by impulsive bounce off 4366.
Gold spent most of the week grinding lower from the 4580 high into a 4366 session low during NY hours, before an aggressive recovery leg lifted price back through 4480 and the EMA(20) into the close. The reversal followed headlines around a US-Iran ceasefire MOU and a softer Greenback tone, with RSI(14) flipping from oversold to the low-60s and printing bullish divergence at the low. Price now sits just under the 4516 session high after tagging it once.
Support: 4,480.00, 4,432.00
Resistance: 4,546.00, 4,580.42
What it said to watch
H1 close back below 4480 broken hi would reopen the downtrend toward 4432
Acceptance above 4516 session high exposes the 4546 prior shelf
Failure of 4366 week low invalidates the recovery read
Further Fed-hawkish commentary (Musalem) or ceasefire confirmation could materially shift this read
Gold tagged a 4366 week low during the NY session before a violent V-shape reclaim took price back through EMA20 and EMA50 into 4514. The Iran-US ceasefire MOU headlines drove the late-session squeeze, with RSI(14) ripping from oversold into the low-60s after carving a bullish divergence at the low. Structure is still a downtrend off the 4580 week high, but the reclaim of 4482 flips the immediate read to recovery.
Support: 4,482.00, 4,445.00
Resistance: 4,538.00, 4,580.42
What it said to watch
Hourly close back below 4482 reopens the 4445 reclaim pivot and the 4366 week low
Acceptance above 4514 session high exposes the 4538 prior pivot
Trump approval or rejection of the Iran ceasefire MOU is the binary risk in the next bars
Lower low at 4366, sharp V-reversal back to range.
Gold collapsed from 4580 down to 4366 across the NY session yesterday on Musalem's hawkish 'rate hikes may loom' commentary and US/Iran ceasefire MOU headlines, then carved a double bottom near 4366-4374 with bullish RSI divergence before ripping back up through 4500. The last six hours show a textbook V-recovery, with price reclaiming EMA20 into the European close and RSI now stretched at 71. The prior high zone at 4565 and the week high at 4580 are the structural targets for buyers to reclaim if this is more than a relief bounce.
Support: 4,482.00
Resistance: 4,565.00, 4,580.42
What it said to watch
Hourly close back below 4482 intraday support would stall the recovery
Reclaim of 4565 prior high would re-open the week high at 4580
Further Fed hawkish commentary or Trump approval of Iran MOU could materially shift the read
RSI overbought at 71 — momentum exhaustion risk near ema20 resistance
Lower low printed, aggressive reclaim into prior supply.
Gold sold off sharply through the NY session yesterday, printing a session low near 4366 before a double bottom formed and price ripped back through 4445 into prior supply. The current NY session has reclaimed the EMA20 and EMA50 in one impulse, with RSI(14) now stretched at 71 after bullish divergence into the week low. News of a US/Iran ceasefire MOU coincides with the recovery, though Musalem's hawkish remarks cap the move into the 4513 area.
Support: 4,445.00
Resistance: 4,540.00, 4,580.00
What it said to watch
Hourly close above 4540 prior shelf would extend the reclaim toward the week high at 4580
Rejection at 4513 current high with a return below 4445 reclaim base reopens the downside
Trump approval (or rejection) of the Iran MOU could materially shift this read
RSI stretched at 71 — pullback to EMA20 likely on any stall
16:01 UTC
Downtrend, sharp leg lower with late-session bounce · RSI 56 · price 4,472.84
Lower highs and lower lows since mid-week peak, rebound off 4366 swing low.
Gold sold off hard from the 4579 week high into a 4366 low during yesterday's NY session, completing a head-and-shoulders pattern with the neckline around 4427 and breaking firmly below both EMA(20) and EMA(50). The last NY session has produced a sharp recovery off the week low, with price now back above the prior neckline at 4427 after a hawkish Musalem and weaker US Q1 GDP/new-home-sales prints created a choppy backdrop. RSI(14) has lifted out of oversold into the mid-50s but price still trades below the H1 EMA(20) near 4515.
Support: 4,427.00, 4,392.00
Resistance: 4,515.00
What it said to watch
Acceptance back above 4515 (ema20) would neutralise the H1 downtrend read
Failure to hold the 4427 neckline on retest reopens the 4392–4366 week low zone
Further Fed commentary on inflation/cuts could materially shift this read
Gold has been on a one-way slide since Tuesday's NY session, breaking down through 4490 yesterday and extending to a fresh swing low at 4366 during today's London hours after the soft US Q1 GDP revision and weak new home sales. Price is well below both EMA(20) and EMA(50) on H1, but the late-session bounce from 4366 back to 4430 alongside a higher RSI low hints at near-term exhaustion. Sellers remain in control while price holds below the 4439 session high.
Resistance: 4,439.07
What it said to watch
H1 close above 4439 session high would break the lower-high sequence
Failure to hold 4392 swing low reopens the path toward the 4366 session low
US PCE data tomorrow could materially shift this read
Gold has rolled over decisively this week, with the NY session yesterday driving a clean break of the 4490 shelf and extending to a fresh session low at 4373 after the soft US Q1 GDP revision and weak durable goods. Price is trading well below both EMAs with RSI(14) recovering off oversold into the low-40s, showing a mild bullish divergence as the latest leg down printed a higher RSI low. The current hourly bounce into 4434 is the first attempt to reclaim the broken 4428 prior low from underneath.
Support: 4,373.09
Resistance: 4,456.28, 4,490.21
What it said to watch
Hourly close back above 4456 prior high would neutralise the downtrend read
Loss of 4373 session low extends the leg and opens 4350 area
Failure to reclaim 4428 from above keeps the broken shelf as resistance
US PCE data later this week could materially shift this read
13:01 UTC
Downtrend, sharp leg lower with late-session bounce · RSI 41 · price 4,434.66
Lower highs and lower lows since mid-week peak near 4580.
Gold extended its slide through the European session, breaking the 4490 shelf and tagging a two-month low at 4366 before a sharp rebound into the NY hours lifted price back to 4434. Sellers have dominated since Tuesday's 4580 peak, with each London session opening lower, though the latest hour shows an outsized recovery bar off the lows. Reports tie the weakness to renewed Middle East tensions lifting oil and the durable goods beat reinforcing USD strength.
Support: 4,394.45
Resistance: 4,490.21
What it said to watch
hourly close back above the broken shelf at 4490 would neutralise the downtrend read
failure to hold 4394 swing low reopens the 4366 session low
US PCE inflation data later today could materially shift this read
Gold has broken down through the week's range, accelerating lower from the 4565 peak set Tuesday into a fresh two-month low at 4366.54 during the European session. The decline through 4490 prior swing during NY hours yesterday confirmed the lower-low structure, with price now consolidating in a tight 4375–4404 range ahead of US PCE inflation data. RSI(14) at 33 reflects oversold conditions but no divergence yet; price remains well below EMA20.
Support: 4,366.54
Resistance: 4,404.35, 4,490.00
What it said to watch
US PCE print at 12:30 GMT could materially shift this read
H1 close back above 4404 intraday high would weaken the downtrend
Loss of 4366 session low extends the move and confirms continuation
Fraying Middle East ceasefire headlines remain a wildcard for gold
11:01 UTC
Downtrend accelerating · RSI 31 · price 4,392.86
Lower highs and lower lows since Wednesday.
Gold has broken sharply lower since the NY session yesterday, slicing through 4500 and 4450 in successive impulses on the back of fresh US strikes near Hormuz and a third consecutive session of declines flagged in the wires. RSI(14) is pressed into oversold around 31 with price stalling between the 4368 session low and 4410 prior-low resistance. EMA(20) sits well overhead near 4498, marking the broken intraday structure.
Resistance: 4,410.00, 4,498.00
What it said to watch
Hourly close back above 4410 prior low would neutralise the impulse
Loss of 4368 session low extends the downtrend
Further Iran-US escalation headlines could whip the read either way
Gold has been under sustained pressure this week, rolling over from the 4580 area on Tuesday and accelerating lower through the NY session yesterday as US strikes near Hormuz spooked the tape. The H1 break of the 4410 shelf opened a clean leg to 4368 before a shallow stabilisation into Asia; price now consolidates just under 4390 with RSI(14) lifting off oversold but EMA(20) capping above at 4490.
Resistance: 4,410.00, 4,490.21
What it said to watch
H1 close back above 4410 broken shelf would neutralise the downtrend read
Loss of 4368 session low extends the leg toward 4366 week low
Further Middle East escalation headlines could re-accelerate the move
Gold has rolled over through the week, with a clean break of the 4,400 psych shelf during the NY session yesterday extending the move to a fresh 2-month low at 4,368. Price is well below EMA(20) and EMA(50) on H1, with each rally — including the 4,457 lower high — getting sold into as Iran-US headlines and hawkish Fed risk keep pressure on. Current consolidation just under 4,390 looks like pause rather than reversal given the depth of the prior impulse.
What it said to watch
Hourly close back above 4,410 broken shelf would neutralise the breakout read
Acceptance below 4,368 session low opens room toward the next round figure
Fresh Iran-US escalation headlines remain the dominant macro driver this session
Lower highs and lower lows; fresh two-month low printed in NY.
Gold has been under sustained pressure since Tuesday's rejection near 4580, with the slide accelerating through the NY session yesterday after the 4427 shelf gave way and price tagged a fresh two-month low at 4366. Renewed Gulf hostilities and stalled US-Iran talks were headline drivers, yet the metal is selling off rather than catching a bid — price sits below both EMA20 and EMA50 with RSI(14) hooking up from oversold after a 200-point drop in 24 hours.
Resistance: 4,427.38
What it said to watch
Hourly close back above the 4427 broken shelf would neutralise the breakdown read
Failure to hold the 4366 session low opens room toward the next round-number area
Further US-Iran escalation headlines could override the technical bounce attempt
Lower-highs, lower-lows, breakdown from week's range.
Gold has been slammed through the $4,400 floor on renewed Gulf hostilities, with the NY session yesterday driving a clean range break from the 4490 shelf down to a fresh two-month low at 4368. Price is trading well below EMA20 and EMA50 with RSI(14) deep into oversold, and the bounce off 4368 has only retraced into the prior swing area near 4390. Structure stays lower-highs / lower-lows until 4441 is reclaimed.
Resistance: 4,490.00
What it said to watch
H1 close back above 4441 would neutralise the breakdown read
Loss of 4368 session low opens room toward the next round-number area
Headline risk on US-Iran memorandum is the dominant driver; an agreement could sharply reverse the move
Gold has been slammed through the week, with the 4500 shelf giving way during the NY session and the 4400 psych level breaking on fresh Iran escalation headlines into Asia. Price now sits well below both EMAs after printing a fresh two-month low at 4366.54, with the latest bar showing a small bounce off that low. RSI(14) is oversold near 32 with a modest bullish divergence forming against the new low — a stabilisation signal, not a reversal yet.
Support: 4,366.54, 4,400.00
Resistance: 4,410.00
What it said to watch
An H1 close back above 4410 would neutralise the breakdown from the broken supp
Failure to hold 4366 session low opens further downside toward the psych zone
Further US-Iran headlines remain the dominant driver and can override structure
Gold has accelerated lower through the NY-into-Asia transition, breaking the 4400 psychological floor on renewed Gulf hostilities and printing a fresh two-month low at 4368. Price sits well below EMA(20) and EMA(50) with RSI(14) deep in oversold near 26, after rejecting 4459 earlier in the NY session. Structure on H1 is a clean sequence of lower highs and lower lows since the 4580 weekly peak on Tuesday.
Resistance: 4,410.00, 4,459.02
What it said to watch
Reclaim of 4410 needed to neutralise the breakout below 4400
Failure to hold 4368 session low extends the downtrend
Further Gulf headlines could sharply reverse the move given oversold RSI
04:01 UTC
Downtrend, accelerating · RSI 21 · price 4,374.65
Lower highs, lower lows; range break to downside.
Gold has been slammed on renewed Gulf hostility headlines, breaking the 4480-4525 shelf that held since Tuesday's NY session and accelerating into a fresh session low at 4368.55. Price now sits well below both EMA(20) and EMA(50) with RSI(14) deep in oversold territory after a near 90-dollar drop across the last four hours. The broken shelf around 4459 flips to resistance; nothing structural has yet challenged the downside.
Support: 4,368.55
Resistance: 4,459.02, 4,525.00
What it said to watch
Reclaim of the 4459 broken shelf would neutralise the breakout read
Continued Gulf headlines through Asia session could extend the move below 4368
Deep oversold RSI raises odds of a corrective bounce into ema20 area without changing trend
Gold has rolled over hard since Tuesday's NY session, breaking the 4480 shelf and printing a fresh session low at 4392.77 with RSI(14) at 25 — stretched but no divergence yet. The slide accelerated through yesterday's NY hours alongside Iran strike headlines and Jefferson's non-committal Fed tone, taking price well below EMA20 and EMA50. Structure is a clean sequence of lower highs from 4580 down through 4525 and now 4459, with no reclaim attempt yet.
Support: 4,392.77
Resistance: 4,459.02
What it said to watch
H1 close back above 4459 broken shelf would neutralise the lower-high sequence
Failure to hold 4392 session low extends the breakdown
Geopolitical headlines around Iran remain a swing factor for gold
Gold has rolled over hard from Tuesday's 4580 high, with the NY session yesterday driving a clean breakdown through the 4490 shelf and a follow-through leg to 4401 — the week low. Price is trading well below EMA20 and EMA50 with RSI(14) at 28 and pressing oversold, and the late Asia bar sits heavy near session lows just above 4407. US-Iran tensions and the looming PCE print keep the tape jumpy.
Support: 4,406.93, 4,380.00
Resistance: 4,445.00
What it said to watch
H1 close back above 4445 broken shelf would neutralise the breakout read
Loss of 4401 week low opens path toward 4380 psych
US PCE inflation print ahead could materially shift this read
Bullish RSI divergence forming if a new low holds above 28
Gold rolled over from the 4580 week high during the NY session yesterday, slicing through the 4490s shelf with a 100-pip impulse into 4401. Price has since stabilised in a 4427–4459 range below EMA(20) with RSI(14) lifting off oversold to 38 — a corrective bounce within the broader move down. Headlines around fresh US strikes in Iran and the looming US PCE print are sitting under the tape.
Support: 4,427.38
Resistance: 4,458.89, 4,580.42
What it said to watch
Hourly close back above 4497 broken shelf would neutralise the lower-high read
Loss of 4427 session low opens 4401 week low retest
US PCE inflation release is the next macro catalyst capable of shifting this range
Gold has broken down from this week's 4540-4580 range, with the NY session yesterday driving a sharp impulse to 4401 — the week low. Price is consolidating in the low 4450s well below EMA(20), and RSI(14) sits in the mid-30s after tagging oversold on the drop. The bounce off 4401 has stalled into 4456 without reclaiming the prior shelf at 4485.
Support: 4,427.38
Resistance: 4,485.20, 4,580.42
What it said to watch
Hourly close back above 4485 (ema20) would neutralise the breakdown read
Failure to hold 4427 session low reopens the path toward 4401 week low
Fed speakers (Jefferson, Lane, Greene) in Tokyo today could inject USD volatility