XAU/USD AI Live Scan, 1-hour chart, Friday, 29 May 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.
20:01 UTC
Recovery within wider pullback · RSI 53 · price 4,546.30
Higher low printed, retesting prior supply.
Gold carved a double bottom around 4445 and 4495 across the week before ripping into the NY session on US-Iran ceasefire headlines, tagging 4595 before fading back to the week open near 4570. Price has since pulled back to 4546 with RSI(14) cooling from overbought to mid-range, sitting above EMA20 after the impulse. The structure now reads as a retest of the prior supply shelf after a clean break.
Support: 4,523.00, 4,495.00, 4,445.00
Resistance: 4,570.00, 4,595.00
What it said to watch
Hourly close back below 4523 puts the breakout into false-break territory
Reclaim of 4570 weekly open opens path back to the 4595 spike high
Headline risk remains elevated as US-Iran deal is unfinalised and could materially shift this read
Lower-lows into 4366, then impulsive rebound off the base.
Price collapsed from the 4570 week-open area down to 4366 across Wednesday's NY session, then carved a double bottom and ripped back through 4500 on the Trump naval-blockade headline, tagging 4595 before pulling in. RSI(14) has cycled from oversold to mid-50s with a clear bullish divergence at the lows, and price now sits on EMA(20) with the week-open zone at 4570 acting as the pivot.
Support: 4,523.00, 4,445.00
Resistance: 4,570.00, 4,595.00
What it said to watch
H1 close back above 4570 reopens the path to 4595 session high
Failure to hold 4523 intraday low risks a retest of the 4445 rebound base
Further US-Iran headlines remain the dominant driver and could materially shift this read
Gold sold off hard through Wednesday's NY session to print a week low at 4366, before a violent recovery during yesterday's NY hours dragged price back through 4500 and tagged 4595. Today's Asia-into-London session has faded that spike, with rejection at 4573 prior high and price now sitting on the EMA(20) around 4513. The Trump Hormuz blockade-lift headline drove the late-Thursday squeeze; conflicting Iran denials are now keeping the tape choppy.
Support: 4,513.00, 4,482.00
Resistance: 4,573.00, 4,595.30, 4,625.00
What it said to watch
H1 close back below 4482 intraday low would re-open the 4366 week low
Reclaim of 4595 session high needed to challenge prior 4625 psych zone
Further US-Iran headlines could materially shift this read
Lower lows into 4366, now testing range highs after impulsive bounce.
Gold sold off hard from the week open near 4580 into a 4366 low on Wednesday's NY session, then built a double bottom around 4428 before exploding back to retest the week open after Trump's blockade-lift announcement during today's NY session. RSI(14) is now at 67 with bullish divergence at the lows confirmed; price has reclaimed both EMA20 and EMA50 in a single impulse, but the 4571–4595 spike high zone is capping the move.
Support: 4,510.00, 4,428.00
Resistance: 4,571.00, 4,580.00, 4,595.00
What it said to watch
H1 close above 4580 week open opens path back into prior range
Rejection at session high 4571 and loss of 4510 prior shelf re-engages the downtrend read
Headline-driven tape: any Iran-deal reversal could sharply revise this read
16:01 UTC
Downtrend, sharp recovery in last 6h · RSI 65 · price 4,568.74
Lower lows into 4366, V-shaped reclaim back to 4570s.
Price has carved a sharp V off Thursday's 4366 low, with a double bottom near 4368-4374 driving a 200-dollar reclaim back into Monday's session-open zone. The NY session yesterday produced the dominant impulse, breaking back above EMA(20) and tagging the week high at 4595 before fading into the current consolidation around 4570. RSI(14) cycled from oversold into the mid-60s, with bullish divergence at the lows now resolved.
Support: 4,523.00, 4,500.00
Resistance: 4,595.00
What it said to watch
H1 close back below 4523 intraday pivot reopens the broken downtrend
Break and hold above 4595 session high exposes continuation of the recovery
Failure to hold 4500 round number negates the double bottom read
Ongoing Iran/Hormuz headline flow can override structure on this TF
Gold sold off hard from Monday's 4580 week high down to 4401 by Wednesday's NY session, but the last 24 hours have flipped the intraday tone with a sharp reclaim through the EMA20 and EMA50 cluster. Today's NY session has extended the recovery from 4513 back to 4567, putting price within striking distance of the week open at 4577 and the 4580 week high. RSI(14) at 67 reflects the impulse strength but is approaching stretched levels into the prior range top.
Support: 4,513.00, 4,482.00
Resistance: 4,577.00, 4,580.42
What it said to watch
H1 close above 4580 week high invalidates the lower-high structure
Rejection at 4577 week open keeps the broader downtrend read intact
Loss of 4513 intraday pivot reopens 4482 session low
Ongoing Iran headlines and Fed inflation commentary keep gold headline-sensitive
Lower-high sequence broken by sharp reversal off 4366.
Price sold off hard from the 4580 weekly open through midweek, bottoming at 4366 before staging a sharp recovery into Friday's session on US-Iran deal headlines and softer wholesale inventories. The bounce has reclaimed both EMA(20) and EMA(50) on H1, with RSI cycling 55-65 on the rally; session high at 4543 is the immediate cap. The 4366 week low printed with bullish RSI divergence, framing the current move as a recovery within a broader downtrend.
Support: 4,512.00, 4,482.00
Resistance: 4,570.00, 4,580.40
What it said to watch
H1 close above 4543 session high opens path back to 4570 weekly open
Rejection at 4543 with loss of 4512 intraday low reactivates downside toward 4482 swing low
Iran headlines remain a binary risk to the recovery read
Lower-high sequence into week-low, recovery off 4366.
Gold spent the first half of the week grinding lower from 4580 down to the 4366 week low during yesterday's NY session, then carved a rounded bottom and reclaimed both EMA20 and EMA50 into today's London session. RSI(14) printed a bullish divergence at the 4366 low and has cycled back to neutral around 52 as price stalls under the 4543 session high. Soft German CPI and the dovish US trade/wholesale data this morning supported the bounce, with the broader downtrend from the wk open zone still the dominant H1 structure.
Support: 4,490.00, 4,445.00
Resistance: 4,543.26, 4,574.00, 4,580.42
What it said to watch
H1 close above 4543 session high opens path back to the 4574 wk open zone
Loss of 4490 ema20 reopens the 4445 intraday low and 4366 week low
US-Iran headlines into the weekend could materially shift this read
Lower highs into Thursday low, mean-reversion in progress.
Gold sold hard from Tuesday's 4580 week high down to 4366 by Thursday's NY session, a clean three-day downtrend that snapped on Thursday's late-NY reversal back through 4500. Since then price has carved higher lows into the London session today, reclaiming both EMA(20) and EMA(50) and pressing the 4543 session high. The 4543–4573 zone is the immediate decision area — that's where the week's broken structure sits.
Support: 4,510.00, 4,475.00
Resistance: 4,543.26, 4,573.00, 4,580.42
What it said to watch
Hourly close above 4543 session high opens the path back to the 4573 week open
Rejection at 4543 with a return below 4510 intraday base would resume the lower-high sequence
Loss of 4475 swing low re-exposes the 4366 week low
BoE Bailey Middle East commentary keeps gold headline-sensitive into NY hours
Lower highs and lower lows broken by sharp reversal off 4368.
Price has reclaimed both EMAs after carving a double bottom near 4368 during Thursday's NY session, with bullish RSI divergence preceding the snap-back. The week's structure remains lower-high / lower-low from Monday's 4580 peak, but the last 18 hours show a corrective leg pushing into the 4540 area with momentum cooling into Friday's London hours.
Support: 4,495.00, 4,468.00
Resistance: 4,540.00, 4,565.00, 4,580.00
What it said to watch
H1 close above 4540 session high opens path back to weekly open near 4565
Rejection at 4540 with loss of 4495 ema20 reasserts the downtrend
Failure to hold 4468 bounce base reopens 4368 week low
BoE Bailey Middle East commentary keeps gold sensitive to risk headlines
Lower-high formed at 4577, washout to 4366, reclaim underway.
Gold sold off hard from 4577 into Wednesday's NY session, bottoming at 4366 before carving a base around 4445 and grinding back through EMA(20) overnight. Price now sits at 4528 after reclaiming the 4514 area, with RSI(14) lifting from oversold into the high-50s as the corrective bounce extends. The week high at 4577 caps the recovery and the 4490 zone is the line that keeps this bounce intact.
Support: 4,490.00, 4,445.00
Resistance: 4,539.60, 4,514.00
What it said to watch
H1 close above 4540 session high opens path back toward 4577 week high
Loss of 4490 intraday base would re-expose 4445 swing low and 4366 week low
Failure at EMA20 (4514) on retest signals the corrective leg is done
Lower highs and lower lows from 4580, basing near 4370.
Gold has spent the week grinding lower from 4580 into a 4368 low printed during yesterday's NY session, before a sharp recovery leg through London-NY overlap reclaimed the EMA20 and 4500 handle. Price is now consolidating just under the 4524 session high with RSI(14) cycling around 56 after a clean bullish divergence into the week low. Falling wedge structure off the weekly highs is in the process of resolving higher, but the dominant week-to-date trend remains down until the 4540 swing gives way.
Support: 4,495.00, 4,445.00
Resistance: 4,524.00, 4,540.00, 4,580.00
What it said to watch
Hourly close above 4540 would break the sequence of lower highs and open 4580 week high
Rejection at 4524 session high keeps the corrective-bounce read intact
Loss of 4495 EMA20 reopens the 4445 intraday low and 4368 week low
Japan FX intervention rhetoric earlier today a sentiment risk for the broader USD complex
08:01 UTC
Downtrend, corrective bounce in play · RSI 58 · price 4,523.91
Lower highs into 4367 sweep, now retracing.
Gold spent the week grinding lower from the 4577 week high, with the dominant leg arriving during Wednesday's NY session and bottoming at 4367 — a clear swing low sweep that has since drawn a sharp recovery back through 4500. Price now sits at 4523, reclaiming both EMA20 and EMA50 on H1, with RSI(14) recovering to 58 after printing bullish divergence at the low. The bounce stalls into the 4524 area, the first resistance shelf inside the broader downtrend.
Support: 4,495.00, 4,445.00, 4,367.00
Resistance: 4,524.00, 4,540.00, 4,577.00
What it said to watch
H1 close above 4540 prior swing would invalidate the lower-high sequence
Rejection at 4524 current high keeps the downtrend structure intact
Loss of 4495 intraday low reopens the path back toward 4445 swing low
Iran/Fed headlines remain a material risk to this read
Lower highs and lower lows from Tuesday, sharp Thursday flush followed by recovery toward broken support.
Gold has reversed sharply lower from the 4576 week high posted Monday, with the Thursday NY session driving a flush into 4366 before buyers stepped in. The recovery has reclaimed EMA20 and EMA50 on H1 and is now retesting the broken 4540 shelf from underneath, with RSI(14) cycling back to 58. Bullish divergence on the Thursday low aligns with the rebound, but the broader H1 structure remains a sequence of lower highs.
Support: 4,495.00, 4,445.00
Resistance: 4,540.00, 4,576.00
What it said to watch
Rejection at the 4540 broken shelf would confirm the lower-high structure
An H1 close above 4540 opens the path back to the 4576 week high
Loss of the 4495 intraday base re-exposes the 4445 Thursday rebound zone
Iran/US ceasefire headlines and German state CPI prints later today could materially shift this read
Lower-high sequence broken by sharp reversal off 4368.
Price spent most of the week grinding lower from Monday's 4576 high into a Wednesday-Thursday washout at 4368, the week low, before a sharp NY-session reversal lifted gold back to 4520. Recovery has paused into the Asia session with RSI(14) cycling 50-60 and price reclaiming EMA(20) but still capped below EMA(50). The session high at 4520 is now the immediate pivot, with the intraday base at 4495 the first level on a pullback.
Support: 4,495.00, 4,432.00, 4,368.00
Resistance: 4,520.00, 4,540.00, 4,576.00
What it said to watch
Hourly close above 4520 session high opens path to the 4540 prior shelf
Loss of 4495 intraday base reopens 4432 reversal hi
US-Iran headlines remain the dominant catalyst per overnight wires
Lower highs into 4366 swing low, reclaim of mid-range underway.
Gold spent the week grinding lower from Monday's 4574 open, accelerating into Wednesday's NY session with a sweep down to 4366 — the lowest since March. Buyers stepped in aggressively from that level, lifting price back above EMA(20) and EMA(50) on H1 into the 4510-4516 area, where supply has so far capped the recovery. RSI(14) has cycled back to 55 from oversold, and Friday's Asia session is holding the reclaim, though firm US inflation and Iran headlines keep the tape headline-sensitive.
Support: 4,490.00, 4,445.00
Resistance: 4,540.00, 4,574.00
What it said to watch
H1 close above 4516 session high opens path back toward 4540 supply shelf
Failure to hold 4490 intraday base would put 4445 breakout zone back in play
Iran ceasefire headlines could materially shift this read intraday
04:01 UTC
Downtrend, attempting base · RSI 50 · price 4,502.61
Lower-highs into 4368 low, sharp recovery, now consolidating sub-4510.
Gold has been in a downtrend since Monday's open near 4580, with successive lower-highs into yesterday's NY session capitulation that printed a week low at 4368.5. Buyers stepped in aggressively during the Asia–London transition, lifting price back above 4500 before stalling under the 4516 rejection. RSI(14) has unwound the oversold print on the low and now sits mid-range as price coils in a tight 4490–4510 band.
Support: 4,475.00, 4,432.00, 4,368.50
Resistance: 4,540.00, 4,580.00
What it said to watch
H1 close above 4516 rejection opens path back to 4540 supply
Loss of 4475 intraday low reopens 4432 recovery base
Trump decision on US–Iran ceasefire extension could materially shift this read
Lower highs into 4368 swing low, sharp recovery stalling near 4510.
Gold trended lower from Monday's 4580 area through midweek, accelerating into a 4368 capitulation low during the NY session before staging a sharp recovery back to 4516. Price now sits just above EMA20 but well below EMA50, with the bounce stalling under the 4516 session high and prior 4538 shelf. RSI(14) has cycled back to neutral after printing a bullish divergence at the week low.
Support: 4,485.00
Resistance: 4,538.00, 4,580.42
What it said to watch
H1 close above 4538 prior shelf would neutralise the downtrend read
Failure at 4516 session high and loss of 4485 pivot reopens 4368 week low
Katayama yen intervention headlines could spill into gold via USD/JPY
Lower highs into 4368 swing low, sharp rebound stalling near 4510.
Gold sold off hard through the NY session, printing a swing low at 4368 before a vertical rebound back to 4514 on the US-Iran ceasefire headline. Price is now consolidating just under the 4514 rebound high with RSI cycling around 54, sitting above EMA20 but still below EMA50 which caps near 4540. The week's structure remains lower-highs from Monday's 4580 peak, and the recovery is being tested at the first resistance shelf.
Support: 4,490.00, 4,445.00
Resistance: 4,540.00, 4,580.00
What it said to watch
Hourly close above 4514 rebound high opens path back to 4540 shelf
Failure to hold 4490 session low risks retest of 4445 rebound base
Further Iran de-escalation headlines could materially shift this read
Gold swept the week low at 4366 during the NY session before snapping back nearly 150 dollars on the US–Iran ceasefire headlines, reclaiming the 4500 handle into the Asia open. Price now sits on EMA20 with RSI cycling back to 52 after a bullish divergence at the lows, but EMA50 around 4540 still caps the recovery. Structure remains a lower-low on the week with a sharp mean-reversion bounce rather than a confirmed base.
Support: 4,490.00, 4,445.00
Resistance: 4,511.00, 4,540.00
What it said to watch
Hourly close above 4511 reclaim high opens the path back to EMA50 zone around 4540
Loss of 4490 session low reopens the 4445 recovery base
Headline risk around the US–Iran ceasefire status remains the dominant driver and can override the structural read
00:01 UTC
Downtrend, bounce in progress · RSI 51 · price 4,494.51
Lower highs into 4366 low, corrective recovery toward mid-range.
Gold rolled over from the 4580 week high through the NY session, with the sharpest leg driving into a 4366 swing low before a sweep-and-reclaim bounce lifted price back to 4514. The recovery has stalled just under the bounce high, with RSI cycling back to the midline and price now slipping into the Asia open. Structure remains a downtrend on H1 until 4545 (EMA50 vicinity) is reclaimed.
Support: 4,482.00, 4,445.00
Resistance: 4,545.00, 4,580.42
What it said to watch
Hourly close above 4514 bounce high opens path back to 4545 ema50
Loss of 4482 intraday low reopens 4445 swing low and the 4366 week low
Iran-US headline risk remains live and can override structural read