21:04 UTC
Downtrend, near YTD low · RSI 37 · price 4,007.09
Chain of lower highs and lower lows.
Gold has been in a sustained multi-month downtrend since the late-February peak near 5419, shedding roughly 27% and trading well below a falling EMA(50). The decline this week accelerated on hawkish-Fed repricing and rising yields, printing a fresh YTD low at 3941 before stabilising just above the 4000 psych level. Price is holding a tight 3942–4096 band over the last five sessions, with the 4050 pivot capping bounce attempts.
Support: 4,000.00, 3,885.00
Resistance: 4,050.00, 4,096.00
What it said to watch
- US NFP Thu 12:30 UTC could materially shift this read given crowded bearish positioning
- A decisive daily close below 3941 ytd low opens the 3885 support projection
- Reclaim of the 4050 pivot would ease the immediate downside pressure