Every read JAFX AI made on the XAU/USD daily chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
11:01 UTC
Downtrend, oversold bounce · RSI 34 · price 4,218.67
Lower highs / lower lows, bouncing off six-month low.
Gold is in a sustained D1 downtrend that accelerated through early June, erasing 2026 gains from the $5,419 peak to a $4,023 six-month low as in-line CPI and a hot PPI print cemented higher-for-longer pricing. Price has bounced two sessions off $4,023 back to $4,218 but remains below EMA20 and EMA50, framing the move as corrective within the broader decline. Demand stepped in around $4,023/$4,000 while supply has capped prior attempts near $4,257.
Support: 4,023.89, 4,000.00
Resistance: 4,363.46
What it said to watch
- FOMC dot plot Jun 17 18:00 UTC is the dominant catalyst and could materially shift this read
- Daily close back below 4023.89 confirms continuation toward the 4000 psych level
- Reclaim of 4363.46 swing high needed to question the lower-high sequence
11:01 UTC
Downtrend, oversold bounce · RSI 39 · price 4,218.67
Lower highs and lower lows, corrective bounce off six-month low.
Gold remains in a multi-week downtrend, erasing 2026 gains from the $5,419 February peak to a sub-$4,100 print as in-line CPI and a hot PPI cemented higher-for-longer pricing. Price is well below EMA20 and EMA50, both falling, with a corrective bounce off the $4,023 six-month low stalling near the $4,200 pivot. The recovery looks mean-reverting toward the $4,250 cap rather than a structural turn while the chain of lower highs holds.
Support: 4,000.00
Resistance: 4,250.00
What it said to watch
- FOMC dot plot Jun 17 18:00 UTC is the dominant catalyst and could materially shift this read
- Daily close back below 4023 opens the path toward the 4000 psych level
- Daily close above 4250 challenges the descending lower-high structure