Lower highs from 4773 peak, basing near 4400-4500 zone.
Gold has been rolling over from the 4773 peak in a sequence of lower highs, with price now basing in the 4400-4540 zone after the sharp flush to 4366. The recent recovery off 4401 has carved a bullish RSI divergence and price is pressing into the ema20 around 4553, but both EMAs remain stacked bearishly overhead. ATR has stayed elevated through the decline, so compression here is modest rather than a clean coil.
Resistance: 4,553.00, 4,595.27
What it said to watch
H4 close above 4595 prior high would break the lower-high sequence
Loss of 4401 range low confirms continuation toward 4366 and below
Ongoing US-Iran headline risk could override the structural read
05:01 UTC
Downtrend, momentum slowing near range floor · RSI 43 · price 4,498.06
Lower highs from 4773 peak, basing above 4400.
Gold has rolled over from the 4773 peak into a sequence of lower highs, with the latest rejection at 4595.27 reinforcing supply near the ema20. Price is basing in a 4400-4546 range after the sharp flush to 4366.54, and ATR remains elevated, signalling trend-mode rather than compression. Middle East ceasefire headlines continue to weigh on the safe-haven bid.
Support: 4,401.53, 4,366.54
Resistance: 4,546.00, 4,595.27
What it said to watch
H4 close back above 4595.27 swing high would break the lower-high sequence
Loss of 4401.53 range floor opens path toward the 4366.54 prior low
Headline risk around US-Iran framework talks could materially shift this read
01:01 UTC
Downtrend after distribution top · RSI 38 · price 4,483.63
Lower highs, lower lows from 4773 peak.
Gold has rolled over decisively from the 4773 double top into a lower-high, lower-low sequence, with the breakout below the 4546 shelf confirming the distribution. Price is now consolidating in the lower half of the multi-week range, capped by EMA20 near 4546 and supported above the month low at 4366. ATR remains elevated as Iran/Hormuz headlines keep two-way risk in play.
Support: 4,450.00
Resistance: 4,546.00
What it said to watch
H4 close back above 4546 ema20 would neutralise the lower-high read
Loss of 4450 swing low opens path toward 4401 range low and 4366 month low
Further Middle East escalation around Hormuz could materially shift this read