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.
21:05 UTC
Downtrend, momentum stabilising · RSI 42 · price 4,057.51
Chain of lower highs/lows, consolidating 4000-4110.
Multi-month downtrend from the ~5180 February high, price trading well below a falling EMR(50) and capped by the EMA20. Softer US CPI/PPI this week sparked a ~2% bounce off the 3983 low, but the rebound stalled near 4110 as Iran-driven oil kept inflation-hedge and risk-off flows two-way. Gold has spent the last eight sessions grinding in a 4000-4110 band with the 4000 psychological barrier under repeated pressure.
Support: 4,000.00, 3,960.00
Resistance: 4,110.00
What it said to watch
- Sustained D1 close below 4000 psych opens the 3940/3960 swing-low zone
- Rebounds capped at the 4110 ema cap — area to watch for rejection or break
- UoM Michigan sentiment/inflation expectations Fri 14:00 UTC could shift this read
21:05 UTC
Downtrend, momentum stalling near lows · RSI 44 · price 4,057.51
Chain of lower highs and lower lows, consolidating above 4000.
Gold remains in a multi-month downtrend from the ~5190 February peak, printing lower highs and lower lows with price trading well below a falling EMon(50). The last two weeks have flattened into a 3960–4195 consolidation, and this week's soft US CPI/PPI drove a ~2% bounce off 3983 that has repeatedly stalled near 4110 as Iran-driven oil keeps inflation-hike fears alive. Price is pinned just above the 4000 psychological barrier.
Support: 4,000.00, 3,960.00
Resistance: 4,110.00, 4,195.00
What it said to watch
- Daily close below 4000 confirms a fresh lower low and opens 3960 support
- Reclaim of 4110 ema cap would be the first sign of the down-leg easing
- UoM Michigan sentiment & inflation expectations Fri 14:00 UTC could shift this read