18:59 UTC
Primary uptrend, parabolic phase cooling · RSI 64 · price 4,478.54
Higher-high regime in correction off record highs.
Gold remains in a multi-quarter uptrend that accelerated sharply through Q3 and Q4, printing an all-time high near 5598 before correcting to the 4400s. Price is consolidating between roughly 4400 support and the 4600 supply shelf, sitting well above a rising W1 EMA(50) — the macro structure is intact and the current move reads as a corrective digestion of the parabolic leg rather than a regime change. RSI has unwound from extreme overbought into the mid-60s, removing the stretch without breaking the trend.
Support: 4,400.00, 4,099.08
Resistance: 4,600.00, 5,598.18
What it said to watch
- Weekly close below 4099 swing low would mark the first lower-low and challenge the uptrend regime
- Reclaim and weekly close above 4600 supply reopens the path toward the 4989 prior high
- Sustained hold of weekly low near 4400 keeps the consolidation read intact