09:20 UTC
Rangebound, drifting lower from session high · RSI 46 · price 4,715.23
Intraday range 4697-4749, currently mid-range.
Gold spiked to 4747.85 during the NY session on Middle East de-escalation flows then rejected hard, printing a 30-pip wick and unwinding to 4707. Price has since stabilised around 4715-4725 with RSI back to neutral; sitting mid-range between the session high and the 4707 NY low.
Support: 4,707.00, 4,697.00
Resistance: 4,732.00, 4,747.85
What it said to watch
- M15 close below 4707 ny session lo opens 4697 asia low
- Reclaim of 4732 prior high needed to retest 4747.85 session hi
- Headline risk on Middle East / Hormuz remains the dominant intraday driver