Gold has rolled over from the 4748 swing high in late-month into a sequence of lower highs, capped most recently at 4595. Price is now compressing in a 4425-4515 range with EMA20 and EMA50 both overhead and rolling lower, RSI mid-40s — momentum has slowed but no recovery yet. Recent fxstreet coverage frames the bounce off 4425 as USD-weakness driven rather than a structural turn.
Support: 4,425.00
Resistance: 4,515.00, 4,595.27
What it said to watch
H4 close above 4515 range high would neutralise the lower-high sequence
Break of 4425 range low opens path to 4366 swing low
Sustained reclaim of EMA50 needed to invalidate the downtrend read
18:59 UTC
Downtrend, attempting base · RSI 47 · price 4,478.99
Lower-highs since 4773, basing near 4430-4450.
Gold has carved a sequence of lower-highs from 4773 through 4595 and is basing in the 4427-4515 zone after a sharp two-week decline. Price is trading below both EMA20 and EMA50, but the recent swing low at 4427 held on retest and momentum has flattened, with bullish RSI divergence forming against the prior 4366 low. Oil-driven inflation relief and softer geopolitical tone (Ukraine-Russia peace overtures) lifted the metal off the lows today.
Support: 4,427.00
Resistance: 4,515.00, 4,595.00
What it said to watch
H4 close above 4515 prior high opens path back to 4595 rejection
Loss of 4427 swing low confirms continuation toward 4366 range low
Lower highs since 4773 peak, basing near 4440-4500.
Gold has been in a steady downtrend from the 4773 peak three weeks ago, carving a sequence of lower highs through 4595 and 4553 while basing in the 4427-4500 zone. Price is consolidating below both EMA20 and EMA50 with a falling wedge shape and tentative bullish RSI divergence at the recent low. ATR(14) has compressed materially from the early-November expansion, consistent with the wedge read.
Support: 4,427.00
Resistance: 4,553.00, 4,595.00, 4,773.00
What it said to watch
H4 close above 4553 swing high would invalidate the lower-high sequence
Break of 4427 swing low opens path toward 4366 range low
Sustained move back above EMA20/EMA50 confluence near 4520 would shift structure
16:26 UTC
Downtrend, attempting to base · RSI 43 · price 4,476.80
Lower highs / lower lows; testing range floor near 4440.
Gold has been carving lower highs and lower lows since the late-month peak near 4773, with the most recent leg rolling over from 4595 rejection back toward the 4440 range floor. Price is consolidating between 4440 support and 4515 resistance after the sharp drop through 4401 swing low was bought back. ATR(14) remains elevated, reflecting the volatile sweeps either side of the consolidation band.
Support: 4,440.00, 4,401.00, 4,366.00
Resistance: 4,515.00, 4,553.00, 4,595.00
What it said to watch
H4 close below 4440 range floor reopens 4401 swing low and 4366 prior low
H4 close above 4515 prior high targets 4553 swing high
Middle East ceasefire and US-Iran deal headlines remain a material driver of this read