Gold has carved a sequence of lower highs from the 4871 peak with a sharp flush to 4500 followed by a recovery wave that stalled at 4758 before rolling back over. Price is now hovering near the prior swing low at 4649, with EMA20 and EMA50 capping above and ATR(14) staying elevated — the pullback hasn't compressed yet. Geopolitics around US-Iran and the upcoming Trump-Xi summit plus US CPI keep this a headline-sensitive tape.
Support: 4,649.35, 4,555.00
Resistance: 4,758.19, 4,871.14
What it said to watch
H4 close below 4649 swing low confirms continuation toward the 4555 range floor
Reclaim of 4758 swing high would neutralise the lower-high structure
US CPI this week could materially shift this read
05:01 UTC
Recovering from steep selloff, momentum stalling near 4750 · RSI 49 · price 4,678.46
Lower-high structure broken in late-Apr, bounce off 4500 zone now capping near 4750.
Gold suffered a sharp three-week unwind from the 4890 cycle peak into a 4500 cycle low, then mounted a double-bottom recovery off the 4500-4555 zone back to retest the 4750 swing high. Price has since rolled over on Trump's rejection of the Iran peace offer headline, with the latest bar closing back below 4680. ATR remains elevated, signalling the recovery has not yet stabilised into a clean trend.
Support: 4,670.00, 4,555.00, 4,500.00
Resistance: 4,750.00, 4,830.00, 4,890.00
What it said to watch
H4 close above 4750 swing high reopens the path toward 4830 prior high
Loss of 4670 swing low reactivates the downside toward 4555 range floor
Iran/Hormuz headline risk could drive a gap on the next open
Lower highs since 4889 peak, recovery from 4500 stalling.
Price rolled over from the 4889 peak with a sharp impulsive selloff to 4500, followed by a corrective bounce that has stalled twice near 4750-4764. The current candle prints back below the swing low at 4715, suggesting the recovery leg is losing traction. ATR remains elevated, signalling the pair is still in an expansionary regime rather than compressing.
Support: 4,680.00, 4,555.00, 4,500.00
Resistance: 4,750.00, 4,889.10
What it said to watch
H4 close below 4680 swing low opens path to retest of the 4555 range low
Reclaim of 4750 rejection zone would restore the recovery structure
Ongoing US-Iran headline risk and Strait of Hormuz commentary could materially shift this read