Gold based near the $4,023 YTD low midweek and has clawed back into a $4,186–$4,246 consolidation, a corrective bounce after a ~$320 three-day selloff on hot CPI and higher-for-longer Fed pricing. Price is hovering at the H1 EMA20 with RSI mid-range; the 4246 recovery high capped the last NY-session push, while 4226 aligns with the 61.8% fib of the selloff. Demand has stepped in repeatedly around the 4186 swing low.
Support: 4,186.00, 4,147.00
Resistance: 4,226.00, 4,246.00
What it said to watch
H1 close above 4246 recovery high extends the corrective bounce
Failure to hold the 4186 swing low reopens downside toward 4147 prior low
FOMC dot plot Jun 17 is the week's pivotal catalyst and could override this read
Gold has clawed back from this week's YTD low near 4023 to 4246 after US-Iran de-escalation knocked the USD off its highs, and price is now consolidating in a 4188-4243 band. It holds above EMA20 with RSI cycling in the mid-50s, but the recovery high at 4243 has capped the latest push. The broader week remains a sharp decline from Monday's 4340 open, so this is a corrective rebound into the FOMC week.
Support: 4,188.00, 4,170.00
Resistance: 4,243.00
What it said to watch
Close above 4243 opens the path back toward the 4250 area
Failure to hold 4188 then 4170 breaks the recovery higher-low sequence
FOMC dot plot Jun 17 18:00 UTC and Retail Sales 12:30 UTC could materially shift this read
Weekend US-Iran MoU headline risk into the next session
Gold rebounded roughly $200 from the YTD low near $4,036 across Thursday and Friday as Iran de-escalation knocked the USD off its highs. Price has since stalled into a tight consolidation between the 4186 swing low and the 4246 week high, with RSif(14) cooling from its recovery peak while holding above EMA(20). The 4235 recent high and 4246 week high cap the topside; supply has steadied moves there into the weekend.
Support: 4,186.46
Resistance: 4,246.47
What it said to watch
H1 close above 4246 week high opens the path toward the 4250 psych cap
Failure to hold 4186 swing low confirms a lower-low and reopens 4124
FOMC dot plot and Retail Sales on Jun 17 could materially shift this read
Gold has clawed back from the 4023 ytd low toward 4246 after US-Iran de-escalation knocked the USD off its highs, carving a sequence of higher lows through the back half of the week. Price now consolidates near 4215, holding above EMA(20) with RSI(14) cycling in the mid-50s as the 4235–4246 zone caps the recovery. The macro backdrop stays heavy into next week's FOMC.
Support: 4,186.00
Resistance: 4,246.47
What it said to watch
H1 close below 4186 breaks the higher-low structure
Rejection vs break of the 4235–4246 zone defines the recovery's reach
FOMC dot plot Jun 17 18:00 UTC is the pivotal catalyst and could reshape this read
Gold spent Mon-Thu in a brutal downtrend off the ~4363 week high to a 4036/4023 double bottom after the hot 4.2% CPI print revived hawkish-Fed bets and broke the prior structure. Friday's Iran de-escalation headline drove a sharp bounce that reclaimed EMA20 and EMA50, stalling at the 4246 week high and now coiling near the 61.8% fib of the selloff around 4233. RSI(14) has cycled back above 60, with bullish divergence at the lows preceding the turn.
Support: 4,173.00, 4,124.00
Resistance: 4,233.00, 4,246.00
What it said to watch
H1 close above 4246 week high opens path toward the 4290 region
Failure to hold the 4173 swing low reopens downside toward the 4124 prior low
Weekend US-Iran MoU headline risk and Wed FOMC dot-plot could materially shift this read
18:03 UTC
Recovery off the lows, momentum slowing · RSI 59 · price 4,221.58
Higher lows since Thursday, capped near 4246.
Gold has clawed back from the YTD low near 4023 set Thursday, grinding higher through the NY sessions to retest 4246 twice before stalling around 4220. Price sits above both EMA20 and EMA50 with RSI cycling in the upper-50s, but the move reads corrective after the week's ~400-point selloff. Resistance at 4246 has capped each push, and the latest bars are coiling just beneath it.
Support: 4,170.00, 4,100.00
Resistance: 4,246.00, 4,250.00
What it said to watch
Hourly close above 4246 opens the path toward the 4250 cap
Failure to hold 4170 reopens downside toward 4100
Weekend US-Iran MoU headline risk could gap this read on the open
FOMC dot plot Wed is the week's pivotal catalyst for USD and gold
Gold cratered ~$340 from 4363 into the 4023 low mid-week as the hot 4.2% CPI print revived Fed-hawkish bets and a firmer dollar. Price has since clawed back above EMA(20) and EMA(50), tracing higher lows off 4023 with RSI(14) recovering toward 56 — a corrective rebound off oversold rather than a trend turn. The 4235–4246 band has capped the bounce while buyers keep defending the 4186 area.
Support: 4,186.00, 4,150.00
Resistance: 4,235.00, 4,246.00, 4,363.00
What it said to watch
Hourly close above 4246 opens the path back toward the week high
Failure to hold 4186 confirms a lower-low and reopens 4150
FOMC dot plot Jun 17 18:00 UTC is the pivotal catalyst — could materially shift this read
Gold rebounded sharply from the YTD low near 4024 into 4246 after US-Iran de-escalation hopes knocked the USD off its highs, and has since drifted back to 4216, holding above EMA20 and EMA50 through the recovery. The 4246 swing high has capped the bounce while RSI cycles in the mid-50s, leaving price boxed between the 50% and 61.8% retracement of this week's 4363-4024 selloff. Demand has stepped in repeatedly around 4170 since the turn.
Support: 4,170.00, 4,131.00, 4,082.00
Resistance: 4,246.47, 4,290.00
What it said to watch
H1 close above 4246 swing high extends the corrective bounce toward 4290
Failure to hold 4170 reopens 4131 and the lower base at 4082
FOMC dot plot Jun 17 and weekend US-Iran MoU headlines are the dominant risks to this read
Gold has clawed back from the YTD low near 4023 to 4246 over the past two sessions after US-Iran de-escalation knocked the USD off its highs, a corrective bounce within this week's broader downtrend. Price has since stalled and is consolidating roughly 4173-4246, holding above a reclaimed EMA(20) with RSI(14) cycling back near 56. The 4235/4246 zone has capped two recovery attempts.
Support: 4,173.00, 4,130.00, 4,023.00
Resistance: 4,235.00, 4,246.00, 4,250.00
What it said to watch
H1 close above 4246 exposes the 4250 psych cap overhead
Failure to hold 4173 reopens downside toward 4130 and the 4023 YTD low
Weekend US-Iran MoU headline risk and FOMC dot plot Wed could materially shift this read
16:03 UTC
Downtrend, corrective bounce in play · RSI 57 · price 4,212.54
Sharp selloff then recovery off the lows.
Gold collapsed from the week's high near 4340 to the YTD low at 4023 on hot CPI/PPI and a firmer USD, then rebounded sharply into the 4246 swing high after US-Iran de-escalation headlines knocked the dollar off its peak. Price has since drifted back to 4212, holding above EMA20 with RSI cycling mid-range; the rebound looks corrective against the broader downtrend. A bullish RSI divergence printed at the 4023 low as selling exhausted.
Support: 4,173.00, 4,023.00
Resistance: 4,246.00, 4,340.00
What it said to watch
Hourly close below 4173 swing low confirms a fresh lower-low and stalls the recovery
Reclaim and close above 4246 swing high extends the bounce toward 4340 wk high
FOMC dot-plot Wed and weekend US-Iran MoU headline risk can materially shift this read
Gold sold off roughly $400 from Monday's ~4363 area to a six-month low near 4023 as hot CPI and firm yields cemented higher-for-longer Fed pricing. The Iran de-escalation headline sparked an oversold bounce into the NY session to ~4246, but price has since faded back to 4207 and is holding just above EMA(20). The week's supply band at 4246-4250 capped the recovery, leaving a lower high against the broader markdown.
Support: 4,173.00, 4,082.00, 4,023.00
Resistance: 4,246.00, 4,250.00, 4,332.00
What it said to watch
H1 close above 4246 opens the path back toward the 4332 prior high
Failure to hold 4173 reopens 4082 then the 4023 six-month low
FOMC dot plot Wed 18:00 UTC is the key catalyst that could reset this read
Gold sheared ~$400 to a six-month low near 4023 on Wednesday's hot 4.2% CPI print, then squeezed back on US-Iran de-escalation headlines. Since the bounce, H1 has carved a 4170-4246 range with price now coiling on EMA20 around 4200 and RSI sitting neutral near 53. The 4220-4246 band has capped the recovery while demand has stepped in twice above 4170.
Support: 4,170.00, 4,082.00, 4,023.00
Resistance: 4,220.00, 4,246.00, 4,332.00
What it said to watch
H1 close above 4246 reopens the 4332 prior-high area
Failure to hold 4170 reasserts the downtrend toward 4082 then 4023
FOMC dot plot Jun 17 18:00 UTC is the dominant catalyst and could break this range
Gold collapsed ~$400 this week after the hot 4.2% CPI print revived higher-for-longer Fed bets, breaking to a 6-month low near 4023 before short-covering on Iran peace headlines lifted it back to 4246. Since that NY-session bounce, price has carved lower highs and is now consolidating either side of the 4200 psychological mark, holding above the 4170 swing low but unable to reclaim 4220. RSI(14) has cooled back to neutral as the recovery loses steam below EMA20.
Support: 4,170.00, 4,131.00, 4,023.00
Resistance: 4,220.00, 4,246.00
What it said to watch
Michigan Consumer Sentiment + inflation expectations (14:00 UTC) could materially shift this read
Loss of 4170 confirms a lower-low and reopens the 4131/4100 zone
H1 close above 4220 needed to revive the bounce toward 4246
A brutal week: the in-line-to-hot US CPI and hot PPI revived hawkish-Fed bets and drove a ~$320 collapse from 4346 to a 6-month low near 4023 before Iran peace headlines sparked a recovery bounce to 4246. Price has since flat-lined in a 4170–4246 band, holding above EMA(50) but stalling under the 4200 psychological level and the week high, with RSI(14) easing back to neutral. The bounce looks corrective against the dominant downtrend rather than a structural reversal.
Support: 4,170.00, 4,082.00, 4,023.00
Resistance: 4,200.00, 4,246.00
What it said to watch
Michigan Consumer Sentiment + UoM inflation expectations at 14:00 UTC could materially shift this read
H1 close above 4246 week high would extend the recovery toward higher retracement
Loss of 4170 swing low reopens the path to 4082 and the 4023 6-mo low
US-Iran de-escalation headlines could unwind the bounce's safe-haven support
Gold carved a V-shaped recovery off the $4,023 six-month low after Trump cancelled the Iran strikes, short-covering up to a week high near $4,246 before fading. Price is now consolidating in the 4170–4220 band, pinned around EMA(20) with RSI(14) back near the midline after the bounce stretched it. The move remains relief-driven against the hot-CPI, higher-yields backdrop, leaving rallies capped under the week high.
Support: 4,170.00, 4,128.00
Resistance: 4,220.00, 4,246.00
What it said to watch
UoM Michigan sentiment + inflation expectations at 14:00 UTC could materially shift this read
H1 close above 4246 week high opens a retest higher
Failure to hold the 4170 swing low reopens the path toward 4128
Gold cratered mid-week to a 6-month low near 4023 after the hot 4.2% CPI print cemented higher-for-longer Fed pricing, then staged a near-3.5% V-shaped recovery to 4246 on Trump's cancelled Iran strikes. Price has since faded from that peak, with 4220 capping the last attempt and RSI(14) cooling back toward 47 as the bounce stalls just above the EMA(20). The recovery off 4023 holds for now, but momentum has flattened into the NY session.
Support: 4,150.00, 4,100.00
Resistance: 4,220.00, 4,246.47
What it said to watch
UoM Michigan sentiment + inflation expectations at 14:00 UTC could materially shift this read
H1 close back below 4150 reopens the path toward the 4100 area
A close above 4246 would extend the relief rally and confirm a higher high
Gold cratered from the 4340s to a six-month low near 4023 through Wednesday-Thursday's NY hours on hot CPI/PPI, then snapped back to a 4246 week high as Iran-strike cancellation knocked the dollar. Price has since coiled into a 4170-4246 range, holding higher lows off the bottom with RSI(14) recovered to mid-range. The 4220 recent high is capping the latest attempt while the 4170 day low marks the range floor.
Support: 4,170.00, 4,120.00, 4,082.00
Resistance: 4,220.00, 4,246.00
What it said to watch
Michigan Sentiment + inflation expectations at 14:00 UTC could materially shift this read
H1 close above 4246 week high reopens upside toward the prior breakdown zone
Failure to hold 4170 day low exposes the 4120 swing low and 4082 area
US-Iran weekend headlines can drain the haven bid and pressure the bounce
Gold cratered ~$340 from Tuesday's $4,363 high to a six-month low near $4,024 as hot CPI/PPI cemented higher-for-longer Fed pricing. The metal has since clawed back the $4,200 handle, peaking at $4,246 on the Iran de-escalation USD pullback, and now holds above EMA20 with RSI cycling mid-range. The $4,170–$4,246 band is framing the consolidation after the rebound stalled.
Support: 4,170.00, 4,100.00
Resistance: 4,246.00, 4,290.00
What it said to watch
Michigan sentiment + inflation expectations 14:00 UTC could materially shift this read
US-Iran headlines into the weekend — a deal drains the haven bid
H1 close below 4170 confirms a lower low and reopens 4100
Reclaim of 4246 opens the path back toward the 4290 weekly open
Hot US CPI/PPI this week crushed gold ~$400 to a six-month low near 4036 before a USD-relief bounce, tied to Trump calling off Iran strikes, reclaimed the 4200s. Price now sits above EMA20 with RSI recovered off oversold, building higher lows since the bottom. The 4246 week recovery high has capped the advance, with 4170 holding the recent pullbacks.
Support: 4,170.00, 4,100.00, 4,036.00
Resistance: 4,246.00, 4,290.00
What it said to watch
Michigan sentiment + inflation expectations at 14:00 UTC could materially shift this read
H1 close above 4246 opens the path back toward 4290
Failure to hold 4170 reopens the 4100 psych area and the 4036 week low
11:03 UTC
Downtrend, recovering off lows · RSI 56 · price 4,211.14
Consolidation after sharp bounce off 4023 low.
Gold collapsed to a six-month low near 4023 midweek on the hot CPI/PPI inflation read, then snapped back toward the 4246 week high as the Iran-strike cancellation sank USD. Price has since coiled into a 4170-4246 consolidation, holding above EMA20 with RSI(14) cycling back into the mid-50s. The recovery off the 4023 psych low has carved out higher lows, but the prior 4290 high still caps the broader picture.
Support: 4,170.00, 4,082.00, 4,023.00
Resistance: 4,246.00, 4,290.00
What it said to watch
H1 close above 4246 week high opens the path back toward 4290
Failure to hold the 4170 pullback low reopens the 4082 swing low
Michigan sentiment + UoM inflation expectations 14:00 UTC could materially shift this read
US-Iran deal over the weekend would drain the haven bid and pressure rebounds back toward 4050/4023
10:03 UTC
Downtrend, relief bounce off the low · RSI 61 · price 4,220.19
Recovering into the 4200s after six-month low; higher lows since the base.
Gold collapsed roughly $400 this week from Monday's 4300 open to a six-month low near 4023 on hot CPI/PPI and hawkish-Fed repricing. The metal snapped back into the 4200s after Trump canceled Iran strikes and the USD softened, breaking above the 4080-4110 base and capping at the 4246 bounce high. Price now holds above EMA20 with RSI mid-60s; the pullback to the 4170 base was bought back toward 4220.
Support: 4,170.00, 4,120.00, 4,023.00
Resistance: 4,246.00, 4,300.00
What it said to watch
Michigan Sentiment + UoM inflation expectations at 14:00 UTC could materially shift the gold read
Close above 4246 bounce high opens the path back toward the 4300 weekly open
Failure to hold the 4170 base reopens 4120 prior low and the 4023 week low
Concrete US-Iran deal over the weekend would drain the haven bid and pressure the bounce
Recovery off six-month low, lower-high cluster overhead.
Gold cratered to a six-month low near 4023 mid-week on hot CPI/PPI, then snapped back above 4200 as Trump's cancellation of Iran strikes knocked the USD lower. Price has reclaimed EMA20 and EMA50 with RSI(14) recovering into the low-60s, but the 4246 week high capped the latest NY push. The 4170 intraday floor has held the most recent pullback.
Support: 4,170.00, 4,100.00, 4,023.00
Resistance: 4,246.00, 4,300.00
What it said to watch
Hourly close above 4246 opens the path toward the 4300 prior-high area
Failure to hold 4170 reopens the 4100 zone that capped bounces earlier this week
Michigan Sentiment + UoM inflation expectations at 14:00 UTC could materially shift this read
The week was dominated by a violent selloff from ~4346 to a six-month low near 4023 as hot CPI/PPI prints firmed the USD; gold then snapped back to ~4246 during the NY session after Trump canceled planned Iran strikes and the dollar softened. Price now consolidates between 4170 and the 4246 week high, holding above a recovering EMA20 with RSI(14) mid-range near 59.
Support: 4,170.00, 4,124.00, 4,023.00
Resistance: 4,246.00, 4,300.00
What it said to watch
H1 close above 4246 opens the path back toward the 4300 psych area
Failure to hold 4170 reopens the 4124 swing low and 4023 week low
Michigan Sentiment + inflation expectations at 14:00 UTC could materially shift this read
Six-month low set, recovering into prior breakdown zone.
Gold collapsed from Monday's ~4292 open to a six-month low near 4023 as hot US CPI/PPI cemented higher-for-longer Fed pricing, then snapped back through the NY session as Iran de-escalation and a softer USD drove a relief bid toward 4246. Price now consolidates the 4170–4246 recovery range, holding above the rising EMA20/EMA50 with RSI cycling back near 60. The 4246 week high capped the latest push, and 4100 — which capped bounces earlier in the week — sits below as the next reference.
Support: 4,170.00, 4,100.00, 4,023.00
Resistance: 4,246.00, 4,290.00
What it said to watch
H1 close above 4246 opens the path back toward the 4290 weekly open
Failure to hold 4170 reopens 4100 and the 4023 low
Michigan Consumer Sentiment + inflation expectations at 14:00 UTC could shift this read
US-Iran headlines into the weekend — a deal drains the haven bid
Gold was crushed ~$400 this week into a six-month low near 4023 on hot CPI/PPI and a firmer USD, then snapped back into yesterday's NY session toward 4246 as Trump canceled Iran strikes and the dollar sagged. Price is now stalling right on the 50% retrace of the weekly down impulse around 4193, with the 4220 prior high and 4246 week high capping the rebound. RSI(14) has cycled back to the mid-50s as price holds above EMA20 and EMA50 on the bounce.
Support: 4,170.00, 4,100.00, 4,070.00
Resistance: 4,220.00, 4,246.00
What it said to watch
Sustained H1 close above 4246 would extend the relief bounce and challenge the weekly downtrend read
Failure to hold the 4170 session low reopens the path toward 4100 and the 4070 swing low
US-Iran headlines into the weekend and 14:00 UTC Michigan sentiment / inflation expectations could materially shift this read
Gold collapsed ~$340 from Monday's 4363 high into Thursday's six-month low near 4023 as hot CPI/PPI cemented higher-for-longer Fed pricing, then snapped back toward the rebound high at 4246 after Trump called off Iran strikes and the USD softened. Price now sits at 4193, the 50% retrace of that down-move, holding above a rising EMA20 (~4170) with RSI cycling mid-range. Prior high at 4210 and the 4246 rebound high cap the recovery into the NY session.
Support: 4,170.00, 4,124.00, 4,082.00
Resistance: 4,210.00, 4,246.00
What it said to watch
H1 close above 4246 rebound high opens the path back toward 4300
Loss of the EMA20 and 4124 swing low reasserts the downtrend toward 4082/4023
Michigan sentiment + inflation expectations 14:00 UTC could materially shift this read
US-Iran weekend headlines — a deal drains the haven bid
Gold sold off all week from Monday's 4317 open down to a 4023 cycle low through Wednesday's NY session, then short-covered sharply to 4246 into yesterday's NY hours as Iran de-escalation and a softer USD eased pressure. Price is now consolidating in the mid-4100s, holding above the EMA20 with RSI(14) cycling back to neutral after the bounce. The week high near 4246 capped the recovery and remains the level to watch overhead.
Support: 4,147.00, 4,100.00, 4,023.00
Resistance: 4,246.00
What it said to watch
H1 close back below 4147 reopens downside toward 4100 then 4023 cycle low
Reclaim of 4246 week high extends the relief bounce
Michigan Sentiment + UoM inflation expectations 14:00 UTC could materially shift this read
Six-month low then sharp recovery, now pulling back.
Gold was gutted this week from ~4340 Monday to a six-month low at 4023 after the hot CPI and firm USD/yields wiped out YTD gains, before a steep oversold recovery into the NY session lifted it to a week high at 4246. That bounce was rejected and price has since rolled back toward 4177, holding above EMA(20) (~4150) with RSI(14) cycling back to neutral. The 4100 cap that capped earlier rallies now sits below price as the recovery's first test of demand.
Support: 4,130.00, 4,082.00, 4,023.00
Resistance: 4,210.00, 4,246.00
What it said to watch
H1 close back below 4130 swing low reopens the path to the 4082 base
Reclaim of 4210 swing high needed to extend the recovery toward 4246 week high
A break of 4023 6mo low exposes the 4000 psychological area
Michigan Sentiment + UoM inflation expectations at 14:00 UTC could materially shift this read
Gold was gutted from ~4346 to a fresh six-month low at 4023 after the hot CPI print, then staged an oversold bounce into the NY session that tagged 4246 before fading back to 4177. RSI(14) printed a higher low against the 4023 print on the way down, and price now sits above a recovering EMA(20), but the 4246 swing high has capped the rebound. Net structure remains the week's downtrend with a counter-trend recovery losing steam under resistance.
Support: 4,082.00, 4,023.00, 4,000.00
Resistance: 4,246.00
What it said to watch
Michigan Sentiment + UoM inflation expectations at 14:00 UTC could materially shift this read
H1 close back below 4082 base reopens the 4023 low and 4000 psych
Reclaim of 4246 week high needed to extend the recovery
Gold gutted roughly $300 across this week's window to a six-month low at 4023 before an oversold bounce reclaimed the 4100 area, helped by softer-than-feared core PPI. Price now consolidates near 4190, holding above EMA(20) and EMA(50) with RSI(14) recovered to the low-50s. The 4246 swing high capped the recovery, while higher-lows off 4023 keep the bounce intact.
Support: 4,162.00, 4,083.00, 4,023.00
Resistance: 4,246.00, 4,341.00
What it said to watch
Michigan Sentiment + UoM inflation expectations at 14:00 UTC could materially shift this read
H1 close back below 4162 reopens 4083 and the 4023 low
Reclaim of 4246 needed to extend the corrective bounce toward 4341
Six-month low printed, recovery stalling under 4243.
Gold collapsed to a six-month low at 4023 this week as a hot CPI print and Iran-driven USD strength erased YTD gains, then staged a sharp oversold bounce that reclaimed EMA20 and EMA50. The recovery topped at 4243 in yesterday's NY session before rejection, and price has since coiled into consolidation around 4190 with RSI cycling mid-range. Demand has held the 4131 swing low through the pullback.
Support: 4,170.00, 4,131.00, 4,023.00
Resistance: 4,243.00
What it said to watch
Michigan Consumer Sentiment + UoM inflation expectations at 14:00 UTC could materially shift this read
H1 close above 4243 bounce high extends the recovery toward 4280
Failure to hold 4170 ema20 / 4131 swing low reopens the path to the 4023 six-month low
Higher lows off 4036 within larger weekly decline.
Gold was gutted through midweek after the in-line CPI and hot headline PPI prints, bottoming near the 4036 six-month low before a sharp oversold bounce reclaimed EMA20 and ran to 4246. Since that recovery high price has stalled, slipping back to 4194 and consolidating between the 4170 pullback shelf and the 4246 week high. RSI(14) has cycled out of oversold into the mid-50s, but the bounce sits inside a still-dominant weekly downtrend.
Support: 4,170.00, 4,131.00, 4,080.00
Resistance: 4,246.00, 4,300.00
What it said to watch
H1 close below 4170 then 4131 swing low reopens the 4080 six-month-low area
Reclaim of 4246 week high needed to extend the recovery toward the 4300 shelf
Michigan Sentiment at 14:00 UTC (f/c 46) plus inflation expectations could shift this read
Lower lows into 4023, recovery stalling near 4246.
Gold collapsed roughly $340 across this week's window — wiping out 2026 gains after the hot CPI print — bottoming twice near 4023-4036 before an oversold bounce reclaimed the EMA(20). The recovery ran into supply at 4246 in the prior session and has since faded back to the 4194 area, sitting on the 50% retrace of the down-leg. RSI(14) has cycled back to neutral from deeply oversold, but price remains under the broader bearish structure.
Support: 4,150.00, 4,082.00, 4,023.00
Resistance: 4,246.00
What it said to watch
Michigan Consumer Sentiment at 14:00 UTC could materially shift this read
H1 close above 4246 reopens the prior cap toward 4290
Failure to hold 4150 risks a retest of 4082 and the 4023 week low
Gold was gutted ~$320 this week to a six-month low at 4023 as a hot CPI/PPI run crushed rate-cut hopes, before an oversold bounce reclaimed the 4100 cap and pushed to 4246. Price has since faded back to 4191, holding above EMA20 with RSI cycling back to neutral after the rebound off the lows. The 4246 bounce high capped the recovery and remains the level to clear to extend it.
Support: 4,100.00, 4,023.00
Resistance: 4,246.00
What it said to watch
Michigan Consumer Sentiment at 14:00 UTC could materially shift this read
H1 close back below 4100 reopens the 4023 week low and the 4000 psych area
Gold carved a six-month low at 4023 mid-week before basing under 4100, then broke higher into the 4243 recovery high as softer-than-feared core PPI (4.9% vs 5.4%) eased some pressure. Price has since pulled back to 4191, retesting the broken 4170-4100 zone with RSI(14) cycling back to neutral near 52. The 4243 area capped the bounce and 4100 has flipped from cap to support after the base broke.
Support: 4,170.00, 4,131.00, 4,100.00
Resistance: 4,243.00
What it said to watch
H1 close below 4170 confirms a lower-high and reopens the 4131/4100 base
Reclaim of 4243 needed to extend the bounce toward the broken 4258 supply
Michigan Sentiment + inflation expectations at 14:00 UTC could materially shift this read
Gold was gutted all week from the 4317 open down to a 4023 six-month low as hot CPI and firm USD crushed rate-cut hopes. The last two sessions delivered a sharp oversold bounce that reclaimed up to the 4246 week high before fading back to 4185, now hovering just above the rising EMA20. RSI(14) has recovered to the low-50s, easing the prior oversold condition.
Support: 4,080.00, 4,023.00
Resistance: 4,246.47
What it said to watch
H1 close back below 4080 reopens the 4023 six-month low
Reclaim of the 4246 week high needed to extend the recovery
Michigan Sentiment at 14:00 UTC could materially shift this read
Gold shed roughly $400 across the week to a six-month low at 4023 as hot CPI and a firm USD crushed rate-cut hopes. A sharp oversold bounce in the NY session yesterday reclaimed the broken 4100 cap and stretched to 4246 before stalling; price has since pulled back to 4185, holding above the rising EMA(20). RSI(14) has cycled back near the midline after working off deeply oversold readings.
Support: 4,070.00, 4,023.00
Resistance: 4,246.00, 4,100.00
What it said to watch
Hourly close back below 4100 reopens the 4070 swing low and the 4023 low
Sustained move through 4246 week high would extend the recovery toward the prior breakdown zone
Michigan Sentiment + UoM inflation expectations at 14:00 UTC could materially shift this read
Sharp recovery off 4036 YTD low within broader lower lows.
Gold cratered over $300 across the week on hot CPI and a blowout May payrolls print, bottoming near 4036 before a softer core PPI helped fuel a sharp NY-session recovery toward 4246. Price now sits at 4202 after fading that high, holding above the rising EMA(20) with RSI(14) lifting off oversold and having traced a higher low against the 4036 print. The broader structure remains lower lows; this is an oversold bounce inside a downtrend, capped so far below 4246.
Support: 4,161.00, 4,067.00, 4,036.00
Resistance: 4,246.00, 4,280.00
What it said to watch
H1 close above 4246 extends the recovery toward the 4280 shelf
Failure to hold 4161 puts the 4067 base low back in play
Loss of 4036 confirms downtrend resumption to the 4000 psych level
UoM Michigan + inflation expectations Fri 14:00 UTC could materially shift this read
Gold cratered over $400 this week on the hot CPI/jobs repricing, bottoming near 4036 before an oversold bounce — helped by softer core PPI (4.9% vs 5.4%) keeping the USD on the back foot. Price reclaimed 4100 and ran to 4246 in the NY session before easing back to 4202, now holding above EMA(20) with RSI cycling back above 55. The 4246 bounce high has capped the recovery so far while the broader regime stays bearish below the week's open at 4340.
Support: 4,100.00, 4,036.00
Resistance: 4,246.00, 4,290.00, 4,340.00
What it said to watch
H1 close above 4246 extends the recovery toward 4290
Failure to hold 4100 reopens the path to the 4036 week low
UoM inflation expectations Fri 14:00 UTC could materially shift this read
Gold staged a steep V-recovery off the week's low near 4024 after a >$400 crash on hot CPI and blowout payrolls, helped late by a softer core PPI print keeping the USD on the defensive. The bounce reclaimed EMA20 and EMA50 into the last session, with RSI cycling out of oversold toward the low-60s. Price is now testing the 50–61.8% retracement of the crash; the move stalled at 4246, consistent with rallies being capped per the broader bearish tone.
Support: 4,162.00, 4,084.00, 4,023.89
Resistance: 4,246.47, 4,300.00
What it said to watch
Reclaim and hold above 4246 session high opens the path toward the 4300 prior pivot
Failure to hold 4162 session low reopens the 4084 prior range
UoM inflation expectations / Michigan Sentiment Fri 14:00 UTC could materially shift this read
Gold staged a sharp recovery from the fresh YTD low near 4046 — set during Asia hours after a >$400 three-day rout — clawing back through 4100 and the 4170 breakout into a 4246 session high before easing to 4216. The bounce came as softer core PPI (4.9% vs 5.4%) kept the USD on the defensive; RSI(14) has cycled up out of oversold and price now sits above both EMA20 and EMA50. Each pullback this session has found higher lows.
Support: 4,170.00, 4,100.00, 4,046.00
Resistance: 4,246.00, 4,300.00
What it said to watch
H1 close back below 4170 reopens downside toward 4100 then the 4046 week low
Failure at 4246 leaves the rebound capped under the prior swing at 4300
Michigan sentiment + inflation expectations Fri 14:00 UTC is the key swing factor for this read