Gold sold off from ~4180 to a weekly low near 4021 mid-week as oil-driven Fed-hike bets pressured the metal, then staged a relief bounce that stalled at the 4132–4136 area. Since then price has ranged around the 4100 pivot with EMA20 flattening and RSI(14) sitting mid-range. Recovery attempts remain capped below the descending lower-highs off 4180.
Support: 4,092.00, 4,072.00, 4,021.00
Resistance: 4,132.00
What it said to watch
H1 close above 4136 invalidates the range top and opens the path toward the lower-highs trendline
Loss of 4092 exposes 4072 then the 4021 weekly low
US CPI Tue 12:30 UTC could materially shift this read
20:03 UTC
Corrective, range after recovery · RSI 51 · price 4,112.62
Bounce off weekly low, capped below 4132.
Since Monday's open near 4155, gold sold off through the week to the 4021 weekly low as oil-driven Fed-hike bets pressured the metal; a relief bounce during the NY session reclaimed 4100 but stalled below the 4132 cap. Price is now consolidating 4090–4115 with RSI hovering near 50 and holding just above EMA20/EMA50. The 4132 area has capped upside on each attempt this week.
Support: 4,072.00, 4,021.00
Resistance: 4,132.00
What it said to watch
H1 close above 4132 opens the path toward trendline resistance
Loss of 4072 swing low reopens the 4021 weekly low
US CPI Tue 12:30 UTC could materially shift this read
Gold has faded back to the $4,100 pivot after Thursday's bounce to $4,132 stalled, trading below both EMA(20) and EMA(50) on H1. Price is corrective within a 4021–4132 band this week (~-1.6%), with lower highs forming since the recovery peak. RSI(14) near 40 as the drift lower extends into the NY session.
Resistance: 4,132.00
What it said to watch
Reclaim of 4132 needed to challenge trendline resistance
Loss of 4085/4072 opens the 4021 weekly low and 4000 handle
US CPI Tue 12:30 UTC is the dominant catalyst and could reshape this read
Recovery stalling below 4138, rolling back to 4100 pivot.
Gold spiked to a weekly low near 4021 Wednesday before a Thursday relief bounce carried it back to 4138, but the recovery has stalled and price is drifting back to the 4100 pivot as the USD steadied off its one-week low. The last 24 bars have carved a 4085–4138 band with a series of lower highs, and price now sits below both the H1 EMA20 and EMA50. RSI(14) is cycling in the low-40s, reflecting the fade rather than a fresh impulse.
Resistance: 4,138.08
What it said to watch
Sustained loss of 4085/4072 exposes the 4021 weekly low
Reclaim of 4138 recovery high needed to challenge the weekly open
US CPI Tue Jul 14 12:30 UTC is the dominant catalyst that could reset this range
18:03 UTC
Corrective, below EMA20 · RSI 45 · price 4,100.82
Relief bounce fading below 4136.
Gold sold off to the 4021 weekly low midweek before bouncing to 4136, but that rally has faded back to the 4100 pivot with price now sitting below EMA(20). Two pushes at 4136 were rejected and RSI(14) has rolled back to the mid-40s, leaving the week net corrective. Per the digest, the $4,000 floor is underpinned by official-sector demand while hawkish Fed pricing caps the upside.
Support: 4,021.00, 4,000.00
Resistance: 4,136.00
What it said to watch
Sustained loss of the 4100 pivot opens 4021 weekly low then the 4000 psych floor
Reclaim of 4136 needed to challenge trendline resistance
Fed Monetary Policy Report 18:00 UTC and US CPI Jul 14 could materially reshape this read
Wide 4020-4130 range, consolidating at 4100 pivot.
The week opened near 4140 and pushed to 4180 Tuesday before a sharp sell-off dumped gold to 4021 Wednesday as Iran headlines and revived Fed-hike bets lifted the USD. A relief recovery off that low stalled below 4130 — the falling 20-day EMA cap flagged in the digest — and price is now consolidating around the 4100 pivot, sitting under EMA20 with RSI cycling in the mid-40s.
Support: 4,072.00
Resistance: 4,130.00, 4,180.40
What it said to watch
Sustained loss of 4072 reopens the 4021 weekly low
H1 close back above 4130 needed to reclaim the range top
US CPI Tue 12:30 GMT is the week's dominant catalyst for this range
17:04 UTC
Recovery stalling below range top · RSI 45 · price 4,103.79
Range-bound, higher low off 4021.
Gold rebounded off Wednesday's 4021 low as less-hawkish FOMC minutes softened the USD, but the recovery stalled below the 4130-4138 range top and price is drifting back toward the 4100 pivot into Friday's close. RSI(14) sits mid-range near 45 with price back under EMA20, keeping the week's $4,000-4,130 range intact. The 4138 recovery high capped the advance, echoing the falling 20-day EMA cap flagged near 4130.
Support: 4,072.00, 4,021.00, 4,000.00
Resistance: 4,130.00, 4,138.00
What it said to watch
H1 close above 4130 opens the path toward the 4138 week high and beyond
Loss of 4072 confirms a lower low, reopening 4021 and the 4000 floor
US CPI Tue 12:30 GMT and Warsh testimony are the week's dominant catalysts and could reshape this range
Lower highs off 4180, consolidating at 4100 pivot.
Gold has been in a corrective decline all week, sliding from Tuesday's 4180 high to a 4021 weekly low as oil-led inflation fears revived Fed-hike bets and firmed the USD. Price is now consolidating around the 4100 pivot after a bounce to 4136 was capped; RSI(14) sits mid-range near 47 with price hugging EMA20. The 4120-4136 recovery cap has held recovery attempts twice.
Support: 4,100.00
Resistance: 4,120.00, 4,136.20
What it said to watch
H1 close above 4136 negates the lower-high sequence
Failure to hold 4072 recent low reopens the 4021 weekly low
US CPI Tue 12:30 GMT is the next major catalyst for this read
Gold slid from the ~4180 week high early in the week to a 4021 weekly low as the USD firmed on Iran risk and revived Fed-hike bets; the bounce to 4138 faded and price is back below the 4100 pivot into the NY session. RSI sits mid-40s with price trading under both EMA20 and EMA50, keeping the corrective read intact.
Support: 4,072.00, 4,000.00
Resistance: 4,100.00, 4,120.00, 4,138.00
What it said to watch
H1 close back above 4100 pivot needed to challenge the 4120-4132 recovery cap
Loss of 4072 swing low reopens the 4021 weekly low and 4000 handle
US CPI Tue 12:30 GMT is the next catalyst and could materially shift this read
Gold is grinding lower again after the mid-week recovery to 4138 stalled, printing a sequence of lower highs into the NY session and slipping back under the $4,100 pivot. The move fits the two-way corrective read — down ~2% WTD on revived oil/Fed-hike fears — with the last recovery attempts capped in the 4132 zone. Price sits below both EMA(20) and EMA(50) with RSI(14) hovering in the low-40s.
Support: 4,072.81
Resistance: 4,132.00, 4,138.02
What it said to watch
Hourly close below 4072.81 reopens the 4021 weekly low and the $4,000 handle
Reclaim of the $4,100 pivot needed to neutralise the corrective bias
US CPI Tue 12:30 GMT is the key catalyst — a hot print pressures back toward 4021, a soft print favours a bounce into 4132
14:03 UTC
Down week, recovery stalling · RSI 43 · price 4,098.64
Range 4021-4138, lower high forming.
Gold shed roughly 2% WTD after the Iran memorandum was scrapped, reviving oil and Fed-hike bets that lifted the USD; the drop bottomed at the 4021 weekly low. Price recovered above 4100 into midweek but stalled at the 4120-4138 recovery zone, and has since eased back to 4098 below both H1 EMAs with RSI(14) cycling in the low 40s. Two-way range read holds — the recovery capped and a lower-high sequence is developing off 4138.
Support: 4,085.00, 4,041.00, 4,021.00
Resistance: 4,120.00, 4,138.00
What it said to watch
US CPI Tue Jul 14 12:30 UTC could materially shift this read
H1 close below 4085 opens 4041 and the 4021 weekly low
Reclaim of the 4120-4138 recovery zone negates the lower-high sequence
Gold fell roughly 2% WTD from Monday's 4180 area to a 4021 weekly low as the Iran memo scrap revived oil and Fed-hike bets, then recovered above 4100 into the 4138 zone before fading. Price is back below EMA(20) near 4113 with RSI(14) rolling into the low 40s, and the string of lower highs since the 4138 print keeps the corrective read intact. The 4085 session low is the near pivot ahead of the 4021 weekly low and 4000 floor.
Support: 4,054.00
Resistance: 4,113.00, 4,138.08, 4,100.00
What it said to watch
Loss of 4085 opens the path back to 4054 and the 4021 weekly low
Reclaim of EMA20 near 4113 and the 4138 swing high would rebuild the recovery
US CPI Tue Jul 14 12:30 UTC could materially shift this read
13:04 UTC
Recovery stalling, fading off week high · RSI 43 · price 4,102.64
Range after V-recovery from weekly low.
Gold sold off from ~4180 into mid-week, printing the 4021 weekly low, then recovered ~1.3% through Thursday's NY session as softer Oil and a heavy USD eased Fed-hike fears. Price has since ranged 4064–4138 and is now fading off the 4138 week high back toward the 4100 pivot, which aligns with the 50% fib of the prior decline; H1 has slipped back below EMA20 near 4114 with RSI in the low-40s. Session lows around 4095 are being tested.
Support: 4,095.00, 4,064.00, 4,021.00
Resistance: 4,114.00, 4,138.00
What it said to watch
Hourly close below 4095 session low opens a retest of 4064 swing low then 4021 weekly low
Reclaim of EMA20 near 4114 and a close above 4138 week high would extend the recovery
Fed Monetary Policy Report 18:00 UTC today, then US CPI Tue could materially shift this read
Range 4094-4138 after V-recovery, lower highs capping.
Gold recovered off the $4,021 weekly low through Thursday, tagging the 4138 recovery high before rolling over; price is now fading toward the $4,100 handle with RSI(14) in the mid-40s, well below Tuesday's 4180 week high. The down-sloping EMA20 near 4118 has capped the last two pushes, keeping a range between 4094 range low and 4138. Softer Oil and a heavy USD drove the bounce, but hawkish-Fed CPI risk on Jul 14 hangs over the read.
Support: 4,094.00, 4,064.00, 4,021.00
Resistance: 4,118.00, 4,138.00, 4,180.00
What it said to watch
Hourly close below 4094 range low exposes the 4064 swing low and re-opens the 4021 weekly low
Reclaim of the EMA20 near 4118 and a close above 4138 negates the fade
US CPI Jul 14 12:30 UTC is the dominant catalyst for the next range break
12:03 UTC
Recovery stalling, pulling back · RSI 43 · price 4,102.33
Bounce off 4021 low fading into lower highs.
Gold rebounded off the $4,021 weekly low mid-week to tag $4,138 as easing Middle East tensions dragged oil and the USD lower, but the last NY session has faded to the $4,100 pivot with lower highs and price slipping back under the H1 EMA(20) near 4120. RSI(14) has cycled down toward 43 as the recovery loses momentum, leaving the 4097 session low as the immediate structural test. Rallies remain capped, consistent with the sloping 20-day EMA acting as resistance into CPI.
Support: 4,097.00, 4,064.00, 4,021.00
Resistance: 4,120.00, 4,138.00
What it said to watch
Hourly close below 4097 opens the path back toward 4064 and the 4021 weekly low
Reclaim of 4120 EMA20 would re-engage the 4138 recent high
US CPI Tue 12:30 UTC is the dominant catalyst and could reset this read
Gold rebounded from the $4,021 weekly low mid-week toward $4,138 as easing Mideast tensions dragged oil and the USD lower, but the rally has stalled below a sloping EMA20 and rolled back to the $4,102 pivot. Two attempts at the $4,138 recent high have been rejected, and price is now grinding along the $4,094 recent low with RSI(14) sub-50. Tuesday's US CPI is the dominant catalyst framing the range.
Support: 4,094.00, 4,056.00, 4,021.00
Resistance: 4,116.00, 4,138.00
What it said to watch
Hourly close above 4116 EMA20 and 4138 recent high reopens the upside toward the week high
Failure to hold 4094 exposes 4056 swing low and the 4021 weekly low
US CPI Tue 12:30 UTC could materially shift this read
Gold rebuilt above the $4,100 pivot after Wednesday's $4,021 weekly low, bouncing to $4,138 into Thursday's NY session as softer Oil and a weaker USD eased Fed-hike bets. The move has since rolled over, printing lower highs below the falling 20d EMA cap near $4,132, with price now hugging the $4,100 pivot and RSI(14) cycling in the low 40s. Recovery structure stays intact only while $4,094 holds.
Support: 4,094.00, 4,064.00, 4,021.00
Resistance: 4,132.00, 4,138.00
What it said to watch
H1 close below 4094 opens 4064 then the 4021 weekly low
Reclaim of the 4132 EMA cap needed to resume the recovery toward 4138
US CPI Tue 12:30 UTC is the pivot; Fed Monetary Policy Report today 18:00 UTC a lower-tier risk
Consolidating below the week's bounce high after a sharp mid-week drop.
Gold sank to a 4021.8 weekly low mid-week as the scrapped Iran memo revived oil-driven inflation and Fed-hike fears, then bounced back toward 4138 on Thursday as crude eased. Price has since drifted lower into the NY session, capped by EMA20 near 4120 and now testing the recovery's shallow retracement around 4106. Rejection at the 4138 bounce high and a slide back under 4100 leave the market range-bound between the weekly low and last week's cap.
Support: 4,094.50, 4,064.00, 4,021.80
Resistance: 4,120.00, 4,138.00
What it said to watch
Hourly close below 4094.5 confirms a lower low and reopens the 4064 swing low
Reclaim of 4120 EMA20 and 4138 bounce high would restore the recovery structure
US CPI Tue 12:30 UTC and Warsh testimony are the week's dominant catalysts and can shift this range read
Gold sank to a 4021 weekly low midweek as the Iran memorandum scrap revived oil-driven inflation fears, then bounced ~1.3% toward the 4132 weekly top as crude eased and the USD softened. Price has since rolled over back below EMA(20), fading from the 4138 bounce high with RSI(14) cooling into the low 40s. Buyers are still defending near 4094 but each push higher this session has been capped.
Support: 4,094.00, 4,056.00, 4,021.00
Resistance: 4,132.00, 4,138.00
What it said to watch
H1 close below 4094 session low opens the path to 4056 swing low
Reclaim of the 4132 weekly top needed to re-engage the recovery
US CPI Tue 12:30 UTC is the week's dominant catalyst and could reset this range
09:04 UTC
Recovery stalling, rolling over · RSI 41 · price 4,098.04
Lower highs since Wednesday, bounce fading below pivot.
Gold recovered off Wednesday's ~4021 weekly low up to 4138 as a softer USD and easing oil unwound hawkish-Fed premium, but the bounce has capped twice near 4138 and price is now sliding back below the 4100 pivot. Price trades under both EMA20 and EMA50 with RSI(14) back near 40, unable to sustain the recovery into NY hours. The 4100 pivot has flipped from support to overhead resistance on this leg lower.
Support: 4,056.00, 4,021.00, 4,000.00
Resistance: 4,100.00, 4,138.00
What it said to watch
H1 close back above 4100 pivot needed to revive the recovery toward 4138
Failure to hold 4056 swing low reopens the 4021 weekly low and 4000 psych
US CPI Tue and Fed policy report today (18:00 GMT) are the week's key catalysts and could reshape this read
Gold sold off from Monday's 4165 open to a 4021 weekly low midweek before clawing back above 4100 as softer Oil and a second down-day in the USD eased Fed-hike bets. The recovery high at 4138 has capped price twice and the last few bars have slipped back below EMA20 near 4121, with RSI(14) fading toward 44. Price is holding above EMA50 but the 4095 area is the near-term pivot.
Support: 4,095.00, 4,064.00
Resistance: 4,138.00, 4,172.00
What it said to watch
Loss of 4095 exposes the 4064 swing low and the 4021 weekly low
Close above 4138 week high opens the path to 4172
US CPI Tue 12:30 UTC could materially shift this read
06:03 UTC
Recovered off lows, consolidating · RSI 49 · price 4,116.12
Range after impulse bounce from week low.
Gold sold off from ~$4,174 toward the $4,021 week low into Tuesday as an Iran-ceasefire scare spiked oil and revived inflation fears, then bounced ~1% after split FOMC minutes eased the hawkish premium. The recovery stalled below $4,138 and price has since coiled into a $4,095-4,138 consolidation, sitting just under a flattening EMA20 with RSI(14) mid-range near 49. Dips remain shallow with the $4,000 floor untested.
Support: 4,095.00, 4,056.00
Resistance: 4,138.08, 4,180.00
What it said to watch
Close above 4138 opens the path toward the 4180 week high
Loss of 4095 reopens the 4056 swing low and 4021 week low
US CPI Tue Jul 14 12:30 UTC is the decisive catalyst this range is coiling into
06:03 UTC
Corrective range after this-week's selloff · RSI 49 · price 4,116.12
Recovered off week low, ranging under 4138.
Gold sold off from Monday's ~4180 week high to a 4021 week low mid-week as Iran/oil fears revived hike bets, then recovered on the split FOMC Minutes to base in a 4092–4138 range. Price sits just under EMA(20) with RSI(14) hovering near 50 and momentum flat since the bounce. The 4138 bounce high has capped the recovery while the 4000 floor, underpinned by official-sector buying, and the 4021 week low mark the downside pivots.
Support: 4,092.00, 4,021.00, 4,000.00
Resistance: 4,138.00, 4,180.00
What it said to watch
H1 close above 4138 bounce high opens the path toward the 4180 week high
Loss of 4092 swing low reopens the 4021 week low and 4000 floor
US CPI Tue 12:30 UTC could materially shift this range read
Bullion opened the week near 4187 and sold off to 4021 midweek as the Iran/oil inflation scare revived Fed-hike bets, before basing and grinding back toward 4138. Since the FOMC Minutes bounce, price has consolidated 4108–4138 and is now drifting just under EMA20 with RSI(14) hovering mid-range near 46. The 4138 area has capped two recovery attempts this week, keeping price in a corrective range above the defended 4093 shelf.
Support: 4,093.00, 4,064.00, 4,021.00
Resistance: 4,138.00, 4,172.00, 4,180.00
What it said to watch
US CPI Tue Jul 14 12:30 UTC is the decisive catalyst and could reset this range
H1 close above 4138 opens the path toward the 4172–4180 prior highs
Failure to hold 4093 reopens the 4064 and 4021 lows
Gold sold off from Monday's ~4186 open to a 4021 week low as oil-driven Fed-hike fears bit, then based and clawed back toward 4138 after the FOMC Minutes showed no hawkish surprise and the USD softened. Price is now consolidating around EMA20 (~4122) with RSI(14) mid-range; the 4138 recovery high has capped the bounce and the falling longer-term EMA overhead keeps rallies contained.
Support: 4,108.00, 4,064.00, 4,021.00
Resistance: 4,138.00, 4,160.00
What it said to watch
H1 close above 4138 opens the path to the 4160 prior high
Failure to hold 4108 exposes the 4064 swing low
US CPI Tue Jul 14 12:30 UTC is the decisive catalyst and could reprice this range
Gold opened the week near 4179 and slid to a 4021 low midweek before recovering ~2% into the 4120s on a softer USD after benign US jobless claims (215K vs 218K). The bounce stalled at 4138 and price is now consolidating just under a flattening EMA20 with RSI mid-range — a corrective move within the week's decline. The falling war-premium/inflation narrative keeps rallies capped below the 4150-4200 zone.
Support: 4,093.00, 4,054.00, 4,021.00
Resistance: 4,138.00, 4,156.00, 4,200.00
What it said to watch
H1 close above 4138 opens the path to 4156-4200
Failure to hold 4093 reopens 4054 and the 4021 week low
US CPI Tue 12:30 UTC is the week's decisive catalyst for this read
Gold has stabilised in a 4097–4138 band since recovering off the 4021 week low, helped by a softer USD and the benign 215K jobless claims print. Rallies keep stalling under the falling 20-day EMA, and H1 price is now pinned around EMA20 (~4121) with RSI cycling near 50. Buyers defended 4097 while 4138 has capped the last several attempts.
Support: 4,097.00, 4,064.00, 4,021.00
Resistance: 4,138.00, 4,160.00
What it said to watch
H1 close above 4138 opens the path back to 4160 and the prior high zone
Failure to hold 4097 exposes 4064 and reopens the 4021 low
US CPI Tue 12:30 UTC is the week's decisive catalyst and could break this range
Higher lows off 4021, capped below week's midrange.
Gold sold off through the week from a failed 4202 test to a 4021 low, then bounced roughly 2.7% into the NY session as the USD eased after the 215K jobless-claims print. The recovery has stalled at 4140 and price is now consolidating 4100-4138, holding above the H1 EMA(20) but still below the falling 20-day average that has capped rallies. RSI(14) has cycled back toward the mid-50s, reflecting the corrective, not impulsive, nature of the rebound.
Support: 4,100.00, 4,064.00
Resistance: 4,140.00, 4,172.00
What it said to watch
H1 close above 4140 opens the path back to the 4172 prior high
Loss of the 4100 round number re-exposes 4064 and the 4021 week low
US CPI Tue 12:30 UTC is the decisive catalyst and could reset this read
Recovering off week low, capped under recent highs.
Gold sold off from Monday's 4188 open to a 4021 week low midweek as Hormuz oil-inflation fears revived hawkish Fed bets and firmed the USD. Price has since clawed back ~2.7% into the NY session and now holds above EMA(20) near 4121, but resistance at 4138 has capped the latest push, with 4160 and the 4200 week high stacked above. The bounce reads as corrective within the week's downtrend rather than a structural turn.
Support: 4,108.00, 4,064.00, 4,021.00
Resistance: 4,138.00, 4,160.00, 4,200.00
What it said to watch
H1 close above 4138 recent high opens the path to 4160
Failure to hold 4108 pullback area risks a retest of the 4064 swing low
US CPI Tue 14 Jul 12:30 UTC is the week's decisive catalyst and could reshape this read
Gold bled from Monday's 4188 open to a 4021 week low mid-week as reviving oil-inflation and Fed-hike bets firmed the USD, then recovered ~1% into the last two sessions on softer USD and benign jobless claims (215K vs 218K). The bounce has stalled below the 4138 bounce high, stalling near the 50% retrace of the weekly decline, and price now consolidates 4108-4138 just under EMA20. RSI(14) has cooled back toward 50 as the recovery loses drive.
Support: 4,108.00, 4,064.00
Resistance: 4,138.08, 4,155.00, 4,172.33
What it said to watch
Loss of 4108 session low reopens 4064 and the 4021 week low
H1 close above 4138 bounce high exposes 4155-4172
US CPI Tue 14 Jul 12:30 UTC is the decisive catalyst for this read
Recovery within this-week's downtrend, capped near 4138.
Gold sold off from Monday's 4200 area to a 4021 week low before recovering roughly half of that drop, aided by a softer USD after benign jobless claims (215K vs 218K). Price has stalled twice at 4138 and slipped back to 4117, holding just above the H1 EMA20 with RSI hovering near 50. The bounce reads corrective while it stays capped under the broader 20-day EMA highlighted in the macro read.
Support: 4,108.00, 4,064.00, 4,021.00
Resistance: 4,138.00, 4,160.00
What it said to watch
US CPI Tue 12:30 UTC is the week's decisive catalyst and could reset this read
Close above 4138 opens the path back toward 4160
Failure to hold 4108 exposes 4064 and the 4021 week low
Consolidation below recovery high after mid-week slide.
Gold slid from the $4,200 region to a $4,021 low mid-week as renewed US-Iran/Hormuz headlines revived Fed-hike bets, then clawed back above $4,100 on a softer USD. Price has since coiled between 4114 and 4138 with RSI(14) cycling mid-range, holding just above EMA20/EMA50. The recovery high at 4138 has capped the last several attempts.
Support: 4,114.00, 4,076.00
Resistance: 4,138.00, 4,160.00
What it said to watch
Hourly close above 4138 opens the path back toward 4160 prior high
Loss of the 4114 recovery lows re-exposes 4076 swing low
US CPI (Mon/Tue) is the key catalyst that could break this consolidation
Range 4020-4180; higher lows off 4021, consolidating below 4138.
Gold whipsawed the $4,020-$4,180 range this week, sliding to a $4,022 week low mid-week after Iran/oil headlines revived Fed-hike bets, then recovering toward the 4138 recent high as the USD softened following divided FOMC minutes. Price is now consolidating just above EMA20 near 4120 with RSI mid-range on very thin late-session volume. The 4138 recent high has capped the rebound so far, while the 4100 round number underpins the pullback.
Support: 4,100.00, 4,056.00, 4,021.00
Resistance: 4,138.00, 4,180.00
What it said to watch
H1 close above 4138 recent high opens the path toward the 4180 overhead cap
Loss of the 4100 round number exposes the 4056 swing low and the 4021 week low
US CPI Tue Jul 14 12:30 UTC is the decisive catalyst that could resolve this range
Gold slid from Monday's ~4164 open to a 4021 week low as US-Iran oil-inflation fears revived Fed-hike bets, then recovered toward 4138 after FOMC Minutes showed a divided committee and softened the USD. Price is now consolidating near 4120, holding above EMA20 and EMA50 with RSI(14) mid-range after the bounce. The 4138 day high has capped the latest push while the 4100 psych level sits just below as the nearest floor.
Support: 4,100.00, 4,064.00, 4,021.00
Resistance: 4,138.00, 4,156.00, 4,180.00
What it said to watch
H1 close below 4100 psych reopens the 4064 swing low and the 4021 week low
Break above 4138 day high extends the recovery toward 4156 prior high and the 4180 week cap
US CPI Tue Jul 14 is the decisive risk for the rate path and could materially shift this read