XAU/USD AI Live Scan, 1-hour chart, Monday, 28 September 2026

Every read JAFX AI made on the XAU/USD 1-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.

23:04 UTC

Downtrend, oversold · RSI 28 · price 4,123.38

Impulsive leg lower, lower highs capped under EMA(20), retest of 4111 low.

Monday opened on a gap below Friday's 4286 close at the 4271 weekly open. Asia into early London carried a roughly $160 slide as the US 10y pushed to 5.27% and October hike bets built, and the first hour of NY added a flush to the 4111 monday low. The bounce stalled at the 4148 ny high just under EMA(20) near 4153, extending a lower-highs sequence from the 4171 london high, which lines up with the 38.2% fib of Monday's drop. RSI(14) sits near 28, oversold, while the late-NY retest of the monday low has held so far with the 4100 round number just beneath.

Support: 4,110.84, 4,100.00

Resistance: 4,148.17, 4,171.29, 4,271.17

What it said to watch

  • H1 close below the 4111 monday low extends the downtrend toward the 4100 round number and the digest's 4095 zone
  • Close back above the 4148 ny high and EMA(20) breaks the lower-highs line and puts the 4171 london high / 38.2% fib in play
  • Recovery toward the 4271 weekly open would fill Monday's gap and negate the impulsive-leg read
  • Tue JOLTS and Consumer Confidence at 14:00 UTC plus Fedspeak (Musalem, Williams, Waller) could materially shift this read

22:04 UTC

Downtrend, oversold near lows · RSI 25 · price 4,115.03

Lower highs and lower lows since the Monday gap; prior-week range floor broken.

Gold gapped below Friday's 4286 close and sold off through the Asia session as the US 10y yield pushed to 5.27%. The drop cut through the prior wk low at 4244, and a flush in the first hour of NY set the Monday low at 4110.84. The NY bounce stalled at the ema20 around 4146, with price now back near the lows and RSI(14) around 25, although the latest lower close printed on a slightly higher RSI reading than the 14:00 UTC low.

Support: 4,110.84, 4,095.00

Resistance: 4,146.00, 4,171.29, 4,244.29

What it said to watch

  • Loss of the monday low at 4110.84 and the 4095 zone would extend the lower-low sequence
  • An H1 close back above the ema20 near 4146 and the 4171 lower high, the 38.2% of Monday's leg, would break this week's lower-high structure
  • The prior wk low at 4244 is now overhead as broken support
  • JOLTS and Consumer Confidence at 14:00 UTC Tue plus the Fedspeak slate, then ADP on Wed, could materially shift this read

21:07 UTC

Downtrend, oversold after Monday liquidation · RSI 28 · price 4,115.03

Lower highs and lower lows since the Monday gap; bounces capped below EMA20.

Gold gapped lower at Monday's open, from Friday's 4286 close to 4271, and sold off through the Asia session and London open to 4140. The NY open leg then carved the monday low at 4110.84 as the US 10y hit 5.27% and October hike bets built. The afternoon bounce stalled at the 4148.17 bounce high, below the ema20 near 4160, extending a sequence of lower highs from the 4171.29 lower high while RSI(14) sits in oversold territory near 28.

Support: 4,110.84, 4,095.00

Resistance: 4,148.17, 4,160.00, 4,171.29

What it said to watch

  • Hourly close below the 4110.84 monday low exposes the 4095 zone flagged as key support
  • Recovery above the 4148.17 bounce high and the ema20 near 4160 breaks the lower-highs trendline
  • Retracement toward 38.2% of the Friday-Monday decline near 4189 marks the first structural test above 4171.29
  • Tue JOLTS and Consumer Confidence at 14:00 UTC plus Waller at 19:00 UTC could materially shift this read
  • Wed ADP at 12:15 UTC (f/c 72K) is the next high-impact yield driver

20:04 UTC

Downtrend, extended after Monday breakdown · RSI 31 · price 4,121.57

Lower highs from 4371; range break below 4244, shallow bounce off 4110.

Gold opened the week with a gap below Friday's 4,286 close and extended the lower-high sequence from last Tuesday's 4,371 peak, breaking the 4,244–4,316 range that held Thursday–Friday. The Asia-into-London slide ended in a NY-hours flush to the 4,110.84 monday low as oil-driven Fed hike bets and 5%+ 10y yields weighed. The rebound stalled at the 4,148 bounce high, near the 23.6% retracement of Monday's drop and below the EMA(20) at ~4,161, with RSI(14) only back to ~31 and the 4,100 round number next beneath.

What it said to watch

  • H1 close above the 4,148 bounce high and the EMA(20) near 4,161 would point to a deeper retracement of Monday's drop toward the 38.2% near 4,174
  • Failure to hold the 4,110.84 monday low exposes the 4,100 round number and the cited 4,095 support
  • Reclaim of the 4,200 breakdown level would undercut the lower-high sequence
  • JOLTS and Consumer Confidence at 14:00 UTC Tue plus the Fedspeak cluster into Waller at 19:00 UTC could materially shift this read; ADP follows Wed 12:15 UTC

19:04 UTC

Downtrend, stretched after Monday flush · RSI 30 · price 4,135.02

Lower highs and lower lows since weekly open; small higher low off 4110.84.

Monday gapped below Friday's 4286 close and broke last week's 4244–4315 range. The Asia session took out 4200, London extended to 4142 and the NY open flushed to the 4110.84 Monday low, as hawkish Fedspeak and 10y yields above 5% hit gold. The bounce has printed a higher low at 4126 and lifted RSI(14) back to ~30 from a deeper trough, a bullish divergence on closes, but the 4148 bounce high at the 23.6% fib is capping and price sits well below EMA(20) near 4166.

Support: 4,126.16, 4,110.84, 4,100.00

Resistance: 4,148.17, 4,166.00, 4,193.00

What it said to watch

  • H1 close above the 4148 bounce high clears the lower-high line from 4261 and exposes EMA(20) near 4166 and the 4171 swing high
  • Acceptance above the 50% fib at 4193 would undo the Monday lower-high sequence
  • Loss of the 4126 higher low puts the 4110.84 Monday low and the 4100 round number back in play, with 4095 flagged below
  • Tuesday Fedspeak (Musalem 11:30 UTC) and JOLTS at 14:00 UTC (f/c 7.23M) could materially shift this read

18:04 UTC

Downtrend, oversold after Monday flush · RSI 29 · price 4,134.25

Lower highs and lower lows since Monday's gap open; shallow bounce off 4110.84.

Monday opened on a gap below Friday's 4286 close at 4271, sliced through the 4200 psych level in the Asia session and extended lower through London. The NY session flush hit the Monday low at 4110.84, as oil-fed US-Iran escalation, 10y yields above 5% and firm October hike pricing weighed. The bounce stalled at the 4148 bounce high, near the 23.6% retrace of the Monday selloff and beneath the lower-highs line. Price sits well under EMA20 near 4170 with RSI(14) around 29.

Support: 4,110.84, 4,100.00

Resistance: 4,148.17, 4,170.00, 4,200.00

What it said to watch

  • H1 close above the 4148 bounce high and the lower-highs line would mark the first break in Monday's sequence
  • A reclaim of EMA20 near 4170, which coincides with the 38.2% Monday selloff fib, shifts the read toward a broader relief bounce toward psych 4200
  • Failure to hold the Monday low at 4110.84 exposes the 4100 round number and SocGen's 4095 support
  • Tuesday's JOLTS at 14:00 UTC and Williams/Waller Fedspeak at 18:00-19:00 UTC could materially shift this read

17:05 UTC

Downtrend, oversold after Monday flush · RSI 26 · price 4,129.25

Lower highs and lower lows; last week's 4244 floor broken, stalling above 4110.

Gold gapped lower at Monday's Asia open from Friday's 4286 close and slid through the session, cutting through last week's 4244 floor and 4200 psych as oil-fed October hike pricing and >5% 10y yields kept the USD bid. London stalled in a 4140–4171 band below the 4171 London high before the NY session flushed to a 4110.84 Monday low. The rebound has been capped at the 4148 bounce high, with price below both EMA(20) and EMA(50) and RSI(14) near 26, deep in oversold territory.

Support: 4,110.84, 4,095.00

Resistance: 4,148.17, 4,171.29, 4,200.00

What it said to watch

  • H1 close below the 4110.84 Monday low exposes SocGen 4095 support, with 4000 the next reference
  • Rejection at the 4148 bounce high keeps the lower-high sequence intact
  • Reclaim of the 4171 London high and the 38.2% fib near 4189 would ease the downtrend read; 4200 psych is the breakdown level to regain
  • Fed's Cook at 17:15 UTC today, then Tuesday's JOLTS (f/c 7.23M) and the Fedspeak run, could materially shift this read

16:04 UTC

Downtrend, accelerating into NY session · RSI 22 · price 4,122.87

Gap-down open, unbroken lower highs and lower lows since Monday open.

Gold gapped lower at Monday's open from Friday's 4286 close. The Asia session drove the first leg through 4200, London extended it, and the first hours of NY broke the 4140.72 range floor to a 4110.84 Monday low, cutting well through the prior wk low at 4244. The drop tracks oil-fed October hike bets and 10y yields above 5%. RSI(14) sits near 22, and price trades roughly $50 below an EMA(20) near 4176 that has capped every bounce along the lower highs trendline.

Support: 4,110.84, 4,100.00

Resistance: 4,140.72, 4,171.29, 4,244.29

What it said to watch

  • Fed's Cook at 17:15 UTC today, then JOLTS 14:00 UTC and the Tuesday Fedspeak run, could materially shift this read
  • H1 close below the 4110.84 monday low and the 4100 round number extends the lower-low sequence toward the 4095 area
  • Reclaim of the 4140.72 range floor would mark the NY break as a false break
  • H1 close above the 4171.29 lower high, near EMA(20) and the 38.2% of the Monday drop fib, breaks the lower highs sequence
  • Prior wk low at 4244.29 is the upper reference if an oversold bounce extends

15:04 UTC

Downtrend, accelerating Monday · RSI 22 · price 4,117.81

Wed–Fri 4244–4316 range broken lower; Monday lower highs and lower lows.

Gold gapped down from Friday's 4286 close to a 4271 weekly open and sold off from Asia into London. The move cut through 4200 and the 4244 range floor that held Wednesday to Friday, as oil-led Fed hike repricing and 10y yields above 5% stayed dominant. London held a 4140–4171 pause beneath a sequence of Monday lower highs before the first hour of NY flushed to a 4110.84 session low, leaving RSI(14) near 22 and price about $63 below EMA(20) near 4181, a level untested since the Asian session.

Support: 4,110.84, 4,100.00

Resistance: 4,171.29, 4,244.29

What it said to watch

  • Hourly close back above the 4171 lower high breaks Monday's lower-high sequence and puts EMA(20) near 4181 and the 38.2% fib at 4210 in view
  • Recovery of the 4140 london low would mark the NY flush as a false break; RSI is only marginally above its London trough despite the lower low
  • Failure to hold the 4110 session low exposes the 4100 round number and the 4095 support cited in the digest
  • The 4244 range floor now caps above; 61.8% of the Tue high–Mon low move sits at 4272, near the weekly open
  • Fed's Cook at 17:15 UTC today and Tuesday's JOLTS (14:00 UTC, f/c 7.23M) plus heavy Fedspeak could materially shift this read

14:04 UTC

Downtrend, extended and pausing · RSI 30 · price 4,155.31

Lower highs from Tuesday's 4371 peak; Monday broke the prior-week range low and is compressing 4136–4171.

Gold gapped lower at Monday's open, 4271 against Friday's 4286 close, then cut through last week's 4244 low during the Asia session. It extended to 4136 into the London-NY transition as US-Iran escalation lifted oil and October Fed-hike pricing. Since London, price has compressed between the 4136 session low and the 4171 rebound high, well below EMA(20) near 4182, with RSI(14) around 30 after a one-way slide. The lower-highs trendline from Tuesday's 4371 peak through Friday's 4316 high remains intact.

Support: 4,136.35, 4,100.00

Resistance: 4,171.29, 4,196.95, 4,244.29

What it said to watch

  • An H1 close below the 4136 session low extends the lower-low sequence toward the 4100 round number
  • A close above the 4171 rebound high and EMA(20) would bring the 4194–4197 asia shelf and the 38.2% fib near 4205 into play
  • The prior wk low at 4244 sits near the 61.8% retracement of the Friday-Monday drop; reclaiming it would challenge the lower-highs trendline
  • Fed's Cook at 17:15 UTC today, then Tuesday's JOLTS (f/c 7.23M) and Waller/Williams, could materially shift this read

13:04 UTC

Downtrend, extended and oversold · RSI 24 · price 4,147.87

Lower highs from 4371 to 4316 to 4275; Thursday's 4244 double low broken Monday.

Gold gapped below Friday's 4286 close to a 4271 weekly open. It then sold off steadily through Asia and London, cutting through Thursday's 4244 double low (thu low) and the 4194–4200 Asian shelf that now sits near the ema20, as oil-driven inflation fears, 10y yields above 5% and firmer October hike odds weighed. The drop has paused at a 4140.72 session low with RSI(14) near 24, deeply oversold, and the lower-highs sequence from Tuesday's 4371 top remains intact, with no bounce yet reaching the 50% fib (4228) of the Friday-high-to-Monday-low leg.

Support: 4,140.72, 4,100.00

Resistance: 4,198.00, 4,228.19, 4,244.29

What it said to watch

  • H1 close back above the 4198 ema20 would be the first sign the Monday leg is losing momentum
  • Failure to hold the 4140.72 session low exposes the 4100 round number and the 4095 support flagged in the news flow
  • A rebound stalling below the 4228 50% fib or the 4244 thu low keeps the lower-highs trendline sequence intact
  • Fed's Cook at 17:15 UTC today and JOLTS Tue 14:00 UTC (f/c 7.23M) could materially shift hike pricing and this read

12:04 UTC

Downtrend, oversold extension · RSI 23 · price 4,147.87

Lower highs since Tuesday; range low broken.

Gold has printed lower highs since Tuesday's 4371 peak, from 4369 early Wednesday to Friday's 4315.66. Monday's gap-down open broke the thursday low at 4244 and the prior 4244–4315 range, with the slide running through Asia into the London open to a 4140.72 session low as oil-fed hike bets and 10y yields above 5% weighed. Price sits about $50 under ema20 near 4198 with RSI(14) near 23, and the last three bars have compressed below the 4160 bounce high.

Support: 4,140.72, 4,100.00

Resistance: 4,160.42, 4,198.00, 4,244.29

What it said to watch

  • Fed's Bowman (12:15 UTC) and Cook (17:15 UTC) could materially shift this read
  • Loss of the 4140.72 session low exposes the 4100 round number
  • Failure to clear the 4160 bounce high keeps the London-hour stabilisation a pause inside the downtrend
  • H1 close back above ema20 near 4198, which overlaps the 4191–4200 Asia shelf, would be the first break of the one-way slide
  • The thursday low at 4244 sits near the 61.8% of the fri high–mon low fib; a close above the lower-high trendline would invalidate the downtrend read
  • JOLTS and Consumer Confidence Tue 14:00 UTC are the next data risk for hike pricing

11:03 UTC

Downtrend, oversold after Monday's slide · RSI 25 · price 4,155.34

Lower highs from 4371; last week's 4244 floor broken, basing above 4140.

Gold gapped below Friday's 4286 close at Monday's 4271 weekly open. It extended the lower-high sequence from last week's 4371 high, cutting through the 4244 prior low in the Asia session before London pressed it to a 4140.7 session low, as hawkish Fed pricing and 10y yields above 5% weighed. Price is now compressing in a 4144–4160 band with RSI(14) near 25, some $50 below the EMA(20) at ~4204, which sits on the 4194–4200 Asia shelf and close to the 38.2% fib of the Friday high to Monday low swing (~4207).

Support: 4,140.70, 4,100.00

Resistance: 4,204.00, 4,244.30, 4,271.20

What it said to watch

  • Fed's Bowman at 12:15 UTC and Cook at 17:15 UTC could materially shift this read; hawkish endorsement of an October hike puts the 4140.7 session low in play
  • H1 acceptance below the 4140.7 session low exposes the 4100 round number, with 4095 the next digest-cited support
  • Oversold RSI(14) near 25: a bounce that stalls at the ema20 / 38.2% fib zone near 4204–4207 keeps the lower-high structure intact
  • H1 close back above the 4244 prior low would signal the range break is failing; the 4271 weekly open is the next reference above
  • Tuesday JOLTS at 14:00 UTC (f/c 7.23M) is the next data risk for the hike-pricing driver

10:03 UTC

Downtrend, oversold after Monday's leg lower · RSI 22 · price 4,156.40

Lower highs from 4371; Thursday's 4244 low and the weekly open both broken.

Gold has printed lower highs from the 4371 swing high through Friday's 4315 failure. Monday's session opened lower at 4271 and sold off through the Asian range and into London open, breaking the 4244 thu low and reaching a 4140.72 swing low, as the US-Iran escalation and hawkish Fedspeak lifted the USD and yields. Price sits well below EMA(20) and EMA(50) with RSI(14) near 22, and the latest hour shows only a small bounce off the low, with the 4196 asia shelf and the 38.2% fib of the 4371–4140 move near 4229 as the first overhead zones.

Support: 4,140.72, 4,095.00

Resistance: 4,196.00, 4,244.29, 4,271.17

What it said to watch

  • H1 close below the 4140.72 swing low extends the downtrend toward SocGen's 4095 macro supp level
  • Recovery back above the 4196 asia shelf would mark the first break in Monday's sequence of lower hourly closes
  • Reclaim of the thu low at 4244 and the 4271 weekly open would neutralise the range break and test the lower-highs trendline
  • Fed's Bowman (12:15 UTC) and Cook (17:15 UTC) today, plus JOLTS Tue 14:00 UTC, could materially shift this read

09:05 UTC

Downtrend, impulsive and stretched · RSI 18 · price 4,142.90

Lower highs and lower lows; Thu-Fri 4244–4315 range broken on Monday's gap lower.

Monday opened on a gap below Friday's 4286 close and sold off in two legs. The Asia session broke through the 4244 thu low, then the London open extended the move below psych 4150 to a 4142.69 monday low, the weakest level since early August. Weekend US-Iran escalation and higher oil have lifted yields and the dollar rather than bullion. Price sits about $70 under the ema20 with RSI(14) near 18, deeply oversold and showing no bullish divergence yet.

Support: 4,142.69, 4,100.00

Resistance: 4,150.00, 4,213.00, 4,244.29

What it said to watch

  • An hourly close back above psych 4150 would mark the push below it as a false break. Acceptance beneath keeps the monday low in focus.
  • Failure to hold the 4142.69 monday low extends the lower-low sequence toward round number 4100.
  • Rebounds into the ema20 near 4213 and the 38.2% Fri high-Mon low fib (~4209) are the first structural test. The 4244 thu low sits just under the 61.8% retrace (~4250).
  • The lower highs trendline from last week's 4371 high caps near 4295. A move above it would undo the downtrend read.
  • Fed's Bowman (12:15 UTC) and Cook (17:15 UTC) could materially shift this read through yields and USD.

07:04 UTC

Downtrend, accelerating, oversold · RSI 20 · price 4,164.10

Lower highs from 4371; Thu–Fri 4244–4316 base broken lower on Monday.

Gold has printed lower highs since Tuesday's late-NY rejection at 4371. Monday's weekly open at 4271 gapped below Friday's 4286 close and slid through the Asia session, taking out the 4244 thursday low (the base of last week's 4244–4316 range) and the 4200 handle in a one-way week drop to a 4161.6 session low. The driver is hawkish Fed repricing, with ~70% October hike odds and 10y yields above 5%; price sits roughly $65 below EMA(20) near 4230, and RSI(14) near 20 shows oversold conditions after a string of mostly red bars.

Support: 4,161.60, 4,100.00

Resistance: 4,200.00, 4,244.30, 4,271.20

What it said to watch

  • Hold of the 4161.6 session low into the London open; a break below it exposes the 4100 psych level
  • A recovery back above broken 4200 and EMA(20) near 4230 would ease the oversold slide, with the 4244 thursday low as the next cap
  • The 4257–4271 area combines the lower highs trendline, the 50% fib of the week drop and the weekly open; an H1 close above it breaks the lower-high sequence
  • Tue Fedspeak (Musalem, Goolsbee, Williams) and Wed ADP/PCE at 12:15–12:30 UTC could materially shift this read

06:03 UTC

Downtrend, accelerating into oversold · RSI 23 · price 4,176.15

Lower highs since Tuesday's 4371 top; Thu–Fri 4244–4315 range broken lower.

Gold gapped below Friday's 4286 close at Monday's Asian open. It then slid through last week's 4244 prior low and the 4200 psych level to a 4176 session low, as October hike pricing and 10y yields above 5% weighed. Price sits about 60 below EMA(20) (~4239) with RSI(14) near 23, oversold at the end of a lower-high sequence that began with Tuesday's 4371 rejection. The weekly open at 4271 aligns with the 50% fib of the 4371–4176 leg, and the lower-high line tracks near 4257.

Support: 4,176.14, 4,150.00

Resistance: 4,200.00, 4,244.29, 4,271.17

What it said to watch

  • H1 close back above the 4200 psych level would signal the Asian-session breakdown is stalling
  • Failure to hold the 4176 session low exposes the 4150 round number
  • A reclaim of the 4244 prior low and EMA(20) would challenge the lower-high line; the weekly open at 4271 sits at the 50% fib
  • Tue Fedspeak/JOLTS and Wed ADP (12:15 UTC) plus PCE/GDP (12:30 UTC) could materially shift this read

05:06 UTC

Downtrend, oversold after Monday's leg lower · RSI 24 · price 4,195.68

Lower highs 4371→4315, lower lows 4274→4244→4191; Thu–Fri range broken lower.

Gold has printed lower highs since Tuesday's 4371 peak. Friday's bounce stalled at 4315, leaving a lower-highs trendline intact. Monday's Asia session opened at 4271 (weekly open), below Friday's 4286 close, then broke the 4244 Thursday low and the 4200 psych level. The move came on hawkish Fed signals and yields above 5%, and the session low sits at 4191. RSI(14) near 24 is deeply oversold and price trades well below EMA(20), with the bars since the 4191 low compressing into a tight band.

Support: 4,191.46

Resistance: 4,200.00, 4,244.29, 4,271.17

What it said to watch

  • Hourly close back above psych 4200 would turn Monday's break into a false break
  • Failure to hold the 4191 session low extends the lower-low sequence
  • Recovery through the 4244 thu low and the weekly open at 4271 needed to repair the range break
  • Price above the lower-highs trendline from 4371 would change the downtrend read
  • Tue Fedspeak (Musalem, Goolsbee, Williams) and Wed ADP/PCE could materially shift this read

04:03 UTC

Downtrend, oversold · RSI 24 · price 4,196.73

Lower highs and lower lows; Thu–Fri range broken lower.

Gold gapped below Friday's 4286 close at Monday's Asian open (weekly open 4271.17). It then sliced through Thursday's 4244 prior lows and the 4200 psych level to a 4191.46 Monday low, as hawkish Fed signals, 5%+ yields and a firm USD kept pressure on. Highs have stepped down from 4371 on Tuesday to 4316 on Friday along a descending trendline. RSI(14) sits near 24, oversold, and price trades roughly 55 below EMA(20) near 4251.

Support: 4,191.46

Resistance: 4,200.00, 4,244.29, 4,271.17

What it said to watch

  • Hourly closes back above the 4200 psych level would mark the break as failed; holding below keeps the lower-low sequence intact
  • A move through the 4191.46 Monday low extends the lower-low sequence of the week
  • Rebounds into the 4244 prior lows and EMA(20) near 4251 are the first test of the downtrend; the 38.2% fib of the 4371–4191 decline sits near 4260, just below the weekly open at 4271
  • Oversold RSI has not yet produced a bullish divergence; a higher RSI low on a new price low would change the momentum read
  • Tue Fed speakers and JOLTS, then Wed ADP (12:15 UTC) and PCE (12:30 UTC), could materially shift this read

01:06 UTC

Downtrend, fresh low in Asia session · RSI 26 · price 4,228.02

Lower highs from 4376, lower lows each day; Thursday low broken.

Gold has printed lower highs since Tuesday's 4376 rejection and lower lows every session. Friday's bounce stalled at 4315, and the week opened with a gap lower to the 4271 weekly open. The Asia session then extended to 4225, taking out the 4244 thu low. The slide tracks the hawkish Fed repricing and the US 10y holding above 5%. Price sits below both EMA(20) and EMA(50), with RSI(14) in the mid-20s and oversold.

Support: 4,225.47, 4,200.00

Resistance: 4,244.29, 4,271.17, 4,300.00

What it said to watch

  • An H1 close back above 4244 (thu low) would turn the Asia break into a false break
  • Acceptance below the 4225 asia low exposes the 4200 round number
  • Any rebound runs into the lower-highs trendline near 4260 and the 4271 weekly open
  • The 4300 pivot aligns with the 50% fib of the week decline; a close above it breaks the lower-high sequence
  • Tue JOLTS and Fedspeak, then Wed 12:15/12:30 UTC ADP and PCE, could materially shift this read

00:05 UTC

Downtrend, lower highs since Tuesday's 4376 peak · RSI 36 · price 4,257.49

Lower-high sequence over a 4244–4256 base; new week gapped below the prior close.

Gold printed successive lower highs from Tuesday's 4376 top. The main leg came Wednesday on strong US PMIs and hawkish Fedspeak, and Thursday's London and NY sessions both found a floor at last week's low near 4244. Friday's London rally stalled at 4315.66, the Friday high just past the 50% fib of the week's drop, before NY sold back to the 4254 Friday low. Monday opened with a gap under the 4286 prior close and trades below the 4271 weekly open, with EMA(20) near 4279 overhead and RSI(14) in the mid-30s.

Support: 4,254.40, 4,244.29

Resistance: 4,271.17, 4,286.06, 4,315.66

What it said to watch

  • H1 close back above the 4271 weekly open would start a gap-fill move toward the 4286 prior close and EMA(20)
  • Failure to hold the 4254 Friday low exposes last week's low at 4244; a break there extends the lower-low sequence
  • Close above the 4315.66 Friday high and the lower-highs line invalidates the descending structure
  • Tue JOLTS/Fedspeak and Wed ADP (12:15 UTC) and PCE (12:30 UTC) could materially shift this read

All markets that day · Today’s XAU/USD Live Scan in the terminal