21:02 UTC
Downtrend off highs, mid-range bounce · RSI 54 · price 4,715.23
Lower highs from 4889 peak; reclaiming 4700 after sweep of 4500.
Gold sold off from the 4889 peak into a 4500 sweep low before buyers reclaimed the 4700 shelf and pushed back through both EMAs. Bullish RSI divergence into that low and the sharp v-recovery have repaired structure, but the sequence of lower highs from 4889 is still intact and price now sits under the 4764 swing high. Asia/Iran headline flow is keeping risk premium twitchy.
Support: 4,685.00, 4,560.00, 4,500.00
Resistance: 4,764.00, 4,825.00, 4,889.00
What it said to watch
- H4 close above 4764 swing high opens path back to 4825 supply
- Failure to hold 4685 swing low reopens the 4560 range low
- Further Iran/US headline escalation could materially shift this read