Gold's recovery leg — driven by the pullback in US yields after the hawkish FOMC — topped at 4381.15 in the NY session and was rejected, bleeding back through the 4356.44 prior pivot into the close. Since the rollover the Asia session has compressed into a 4339.81–4349.57 range, price under both EMA20 and EMA50 with RSI(14) near 46; nothing structural in play at 4344.
Support: 4,339.81, 4,332.00, 4,323.38
Resistance: 4,349.57, 4,356.44
What it said to watch
M15 close above 4349.57 session high ends the lower-high sequence and reopens 4356.44
Loss of 4339.81 session low extends the fade toward the 4332 ny pivot and 4323.38 swing low
Fed's Bowman 07:30 GMT and US Industrial Production 13:15 GMT fall just outside the Asian range and could break this consolidation
23:17 UTC
Pullback stalling, now flat · RSI 40 · price 4,345.01
Lower highs off 4381 ny high, tight Asian range 4340-4350.
Thursday's yield-driven bounce peaked at the 4381.2 ny high early in the NY session, then bled into the close through a chain of lower highs to 4339.8. First bars of Friday Asia are compressed into a 4340-4349.6 band on thin volume, RSI(14) ~40, price pinned between EMA20 above and EMA50 below.
Support: 4,339.80, 4,324.50
Resistance: 4,349.60, 4,356.30, 4,381.20
What it said to watch
M15 close above the 4349.6 session high, then 4356.3 prior high, would break the flat Asian range
Failure to hold the 4339.8 session low exposes the 4324.5 swing low
Fed's Bowman 07:30 GMT and US Industrial Production 13:15 GMT can reprice this range within the session
ATR(14) near 5.4 dollars — current 10-dollar range is compressed versus recent NY bars
Lower highs off the 4381 day high, coiling above the session low.
Gold ran to a 4381.15 day high during NY hours on the yield pullback, then bled back through a chain of lower highs and is now pinned in a tight 4340.56–4349.57 band in thin post-rollover Asia trade. Price sits under both EMA20 and EMA50 with RSI(14) near 38 — corrective drift rather than fresh impulse, and the 4324.48 swing low is the first structural test below.
Support: 4,340.56, 4,324.48
Resistance: 4,349.57, 4,381.15
What it said to watch
M15 close above 4349.57 session high breaks the sequence of lower highs
Loss of 4340.56 session low exposes 4324.48 swing low
Fed's Bowman 07:30 GMT and US Industrial Production 13:15 GMT are the session's two scheduled risks
Ranges are compressed in thin post-rollover liquidity; ATR near 520 pips overstates current bar size
22:33 UTC
Intraday downtrend off 4381, now flat · RSI 39 · price 4,345.26
Chain of lower highs since the NY spike; balancing 4340–4345 after the daily break.
Gold spiked to 4381 early in the NY session then bled lower all afternoon as the claims/Philly Fed beats kept the dollar firm, printing a clean sequence of lower highs (4372.50, 4365, 4356) into a 4340.60 session low. Post-rollover Asia has opened inert in a 4340–4345 pocket, wedged under EMA20 at 4348.90 and just above EMA50, with RSI(14) at 38.5 and ATR(14) around 524 pips.
Support: 4,340.60, 4,323.40
Resistance: 4,348.90, 4,356.00, 4,372.50
What it said to watch
A 15m close back above 4356.00 prior high would break the lower-high chain
Failure to hold 4340.60 session low opens the 4323.40 swing low
Bowman speech 07:30 GMT and US Industrial Production 13:15 GMT can reprice this range once liquidity returns
Thin early-Asia volume means the current 4340–4345 balance is low-conviction until London
Gold ran from 4258 through London into the NY morning as US yields eased post-FOMC, topping at the 4381.15 session high before unwinding in a clean chain of lower highs (4379.9, 4365.6, 4354.7). Price is now pinned in a 4340-4346 consolidation below EMA20 and EMA50 in the thin post-rollover hours, RSI(14) back to the mid-40s and ATR(14) compressed to ~614 pips.
Support: 4,340.60, 4,324.00
Resistance: 4,354.70, 4,365.60, 4,381.15
What it said to watch
Reclaim of the 4354.70 lower high would break the descending sequence off the session high
Loss of the 4340.60 recent low exposes the 4324 swing low
Acceptance back into the 4365.60 supply band needed before the 4381.15 high is in play
Liquidity is minimal immediately after the daily rollover — early bars distort the range read
Fed's Bowman 07:30 GMT and US Industrial Production 13:15 GMT can reset the intraday range
Lower highs since the NY session high, tight basing at the session low.
Gold spiked to the 4381.15 session high at the NY open as yields eased, then bled lower all afternoon in a chain of lower highs, with 4356.01 the last one capped. Late-NY hours have price basing in a 9-dollar coil just above the 4340.56 session low, RSI(14) near 33 and price under both EMA20 and EMA50; ATR(14) ~700 pips keeps ranges wide despite the thin tape.
Support: 4,340.56, 4,324.50, 4,310.16
Resistance: 4,356.01, 4,372.50, 4,381.15
What it said to watch
A 15-minute close above 4356.01 breaks the lower-high chain and re-opens the 4372.5 supply band
Loss of the 4340.56 session low exposes the 4324.5 prior base and then the 4310.16 swing low
Thin late-session liquidity can distort the coil; Fed's Bowman (07:30 GMT) and US Industrial Production (13:15 GMT) are the next scheduled catalysts
21:32 UTC
Downtrend on the intraday leg, momentum fading into thin hours · RSI 34 · price 4,341.74
Lower highs / lower lows since the NY-session peak, ranges compressing at the low.
Gold spiked to a 4380.98 spike high around the 12:30 GMT US data batch (claims 196K, Philly Fed 37.8) and has bled lower since, printing a chain of lower highs — 4365.63, 4354.70, 4349.35 — into the post-NY-close hours. Price sits at 4341.74, under both EMA20 (~4350) and EMA50 (~4343), with the last four bars barely 3 dollars wide just above the 4340.56 session low and RSI(14) near 34.
Support: 4,340.56, 4,324.48
Resistance: 4,350.33, 4,354.70, 4,380.98
What it said to watch
Reclaim of the 4354.70 lower high would break the descending sequence off the spike high
Loss of the 4340.56 session low confirms continuation and exposes the 4324.48 swing low
Volume and range compression into the Asia handover means the current read is low-conviction until liquidity returns
Fed's Bowman 07:30 GMT and US Industrial Production 13:15 GMT are the next scheduled catalysts that could reset this range
Lower highs / lower lows off the 4381 NY high, compressing into 4340s.
Gold spiked to 4381.15 in the NY morning as yields pulled back after the strong claims/Philly Fed prints, then bled lower all afternoon in a chain of lower highs; price is now pinned at the session low around 4340.56 with RSI(14) near 29.5 and ATR(14) about 640 pips. Late-NY bars are small and thin, holding just under the 4356 lower high with both EMA20 and EMA50 overhead.
Support: 4,340.56, 4,333.80
Resistance: 4,356.01, 4,381.15
What it said to watch
Loss of 4340.56 session low confirms continuation toward the 4333.80 fib 38.2 area
Reclaim of the 4356.01 lower high would break the descending sequence off the ny high
Fed's Bowman (07:30 GMT) and US Industrial Production (13:15 GMT) land within the next session and could reset this range
Lower highs since the 4381 NY high, price grinding into late-session lows.
Asia low at 4257 gave way to a full-day rally that peaked at 4381.15 in the NY morning — the yield-pullback bounce the gold digest describes — and the rejection there has produced a steady chain of lower highs (4372.50, 4356.01) into the late NY hours. Price is now pinned at the session low around 4340.56, below EMA20 with RSI(14) near 31, ATR(14) about 640 pips ($6.40) per bar.
Support: 4,340.56, 4,323.38
Resistance: 4,356.01, 4,372.50, 4,381.15
What it said to watch
Sustained trade below the 4340.56 session low extends the lower-low chain toward the 4323.38 prior low
Reclaiming 4356.01 would break the lower-high sequence off the 4381.15 ny high
Thin late-session liquidity; Fed's Bowman 07:30 GMT and US Industrial Production 13:15 GMT are the next scheduled catalysts
20:47 UTC
Intraday downtrend off the NY high, momentum slowing · RSI 34 · price 4,341.24
Lower highs and lower lows since the 4381 spike; late-NY drift into the session low.
Gold spiked to 4381.15 in the NY morning as US yields pulled back, then faded all afternoon in a tight chain of lower highs — 4372.50, 4365.63, 4354.70 — and is now pinned at the session low around 4340.63 on near-zero late-NY volume. Price sits below both EMA20 and EMA50 with RSI(14) near 34; ATR(14) around 660 pips ($6.60) per bar and shrinking into the close.
Support: 4,340.63, 4,324.48
Resistance: 4,354.70, 4,365.63, 4,381.15
What it said to watch
A 15m close below 4340.63 extends the lower-low sequence toward the 4324.48 swing low
Reclaiming 4354.70 breaks the lower-high chain and invalidates the intraday downtrend read
Fed's Bowman (07:30 GMT) and US Industrial Production (13:15 GMT) are the next catalysts that could reset this range
20:32 UTC
Intraday pullback, lower highs into the close · RSI 33 · price 4,342.27
Post-spike distribution; chain of lower highs from 4381 grinding into the session low.
Gold ran from the Asian base near 4257 to a session high of 4381.15 in the first hours of NY as yields eased after the strong claims/Philly Fed prints, then faded in a clean lower-high sequence (4379, 4372, 4365, 4356). Late NY has price parked on the session low at 4342, below EMA20 and EMA50, RSI(14) near 33 with no divergence yet.
Support: 4,342.14, 4,324.48
Resistance: 4,356.01, 4,381.15
What it said to watch
Acceptance back above 4356.01 breaks the lower-highs chain
A close below the 4342.14 session low exposes the 4324.48 swing low
Fed's Bowman 07:30 GMT and US Industrial Production 13:15 GMT are the next catalysts that could reset this intraday read
Lower highs since the 4381 day high, basing on the session low.
Gold ran from the Asian base at 4253 into a 4381.15 day high early in NY as yields eased, then bled back through the late NY hours in a clean chain of lower highs (4381 → 4372 → 4365 → 4354.70). Last four bars are compressing on the 4342.54 session low with RSI(14) near 36 and price under both EMA20 and EMA50; the 61.8% retracement of the 4323.38–4381.15 impulse sits right at 4345, now being tested from below.
Support: 4,342.54, 4,323.38
Resistance: 4,354.70, 4,381.15
What it said to watch
Loss of 4342.54 session low confirms continuation toward the 4323.38 swing low
M15 close back above the 4354.70 lower high breaks the descending sequence and re-opens the 4381.15 day high
Fed's Bowman (07:30 GMT) and US Industrial Production (13:15 GMT) are the next catalysts and could reset this intraday range
20:04 UTC
Intraday uptrend stalling, pullback in force · RSI 39 · price 4,346.85
Lower highs since the 4381 spike, price back at the 61.8% retrace of the 4324–4381 leg.
Early NY hours spiked to 4381.15 as the yield pullback extended the recovery leg, but that high was rejected and the last four hours have carved a chain of lower highs into the NY close, with price fading to the 61.8% retracement of the 4324–4381 leg near 4346. The 4361–4371 band flagged as the key hurdle is now capping, RSI(14) around 39 and price below EMA20 after basing twice at the 4342.77 session low.
Support: 4,342.77, 4,324.48
Resistance: 4,356.01, 4,381.15
What it said to watch
M15 close back above the 4356 lower high would break the lower-high chain
Loss of the 4342.77 session low reopens the 4324 swing low
Fed's Bowman and US Industrial Production in the coming session could reset this intraday range
Lower highs since the 4381 session high, basing above the 4342.8 session low.
The London-NY push off 4235 topped out at the 4381.15 session high in the NY morning — the beat in Philly Fed and jobless claims kept yields supported — and price has since bled back into a 4342.8-4372.5 range on a chain of lower highs. Late NY has price pinned below the 4354 ema20 with RSI(14) at 46 and ATR(14) around 765 pips; nothing structural in play until one end of that range gives.
Support: 4,342.77, 4,323.40
Resistance: 4,354.20, 4,372.50, 4,381.15
What it said to watch
M15 close back above the 4354 ema20 would break the lower-high sequence
Failure to hold the 4342.8 session low exposes the 4323.4 swing low
Acceptance above the 4372.5 swing high puts the 4381.15 session high back in play
Fed's Bowman (07:30 GMT) and US Industrial Production (13:15 GMT) Friday can reset this range
19:32 UTC
Intraday rally stalled, rolling over · RSI 36 · price 4,345.44
Lower highs from 4381, 4356 shelf broken late NY.
Gold spiked to a 4381.15 session high just after the NY open — the extension of the yield-driven bounce off this week's low — then bled lower through the afternoon in a series of lower highs, the last capped near 4372.50. The final two bars broke the 4348–4356 shelf and closed at 4345.44, RSI(14) near 36 with price under EMA20 but still above EMA50.
Support: 4,343.33, 4,327.00, 4,310.16
Resistance: 4,356.01, 4,372.50, 4,381.15
What it said to watch
Reclaim of the 4356 shelf would neutralise the late-session breakdown
Failure to hold the 4343 session low exposes the 4327 100-dma and then the 4310 swing low
Fed's Bowman and US Industrial Production in the next sessions could reset this intraday structure
Gold rallied off the 4235 low through London and spiked to a session high of 4381 early in NY as yields eased and the firm claims/Philly prints were absorbed, then rejected there and has chopped in a 4348–4372 range since. Price closes the NY session at 4353.85, back under EMA20 with RSI(14) mid-40s and ATR(14) around 720 pips.
Support: 4,348.46, 4,324.48
Resistance: 4,381.15
What it said to watch
M15 close below the 4348 swing low confirms a lower low and exposes the 4324 prior swing
Reclaim of the 4372 range top is required before the 4381 session high comes back into play
Fed's Bowman speech Fri 07:30 GMT and US Industrial Production 13:15 GMT can reset this range
19:03 UTC
Up off the 4235 low, momentum fading late NY · RSI 41 · price 4,353.03
Lower highs since the 4381 session high, price back at the 50% fib.
NY open drove a vertical leg to the 4381.15 session high on the firm claims/Philly Fed combination, and every push since has printed a lower high — 4380.9, 4375.1, 4372.5, 4365.8. Late-NY drift has price back under the ema20 near 4359.5 and sitting on the 50% retracement of that NY leg, RSI(14) around 41 with no extreme.
Support: 4,348.46, 4,324.48
Resistance: 4,359.50, 4,365.80, 4,381.15
What it said to watch
Reclaim of 4365.8 breaks the lower high chain and re-opens the 4381.15 session high
Close below the 4348.46 session low confirms a lower low and exposes the 4324.48 swing low
Thin overnight tape; Fed's Bowman 07:30 GMT and US Industrial Production 13:15 GMT are the next scheduled catalysts
Window opens with the post-FOMC flush to 4235 and a steady Asia-London recovery that peaked at the 4381.15 session high early in NY hours as US yields eased. Since then price has chopped in a 4348-4372 range with lower highs, and the last three bars have leaked back to the 4348.46 session low with RSI(14) near 43.
Support: 4,348.46, 4,340.07
Resistance: 4,372.50, 4,381.15
What it said to watch
M15 close below the 4348.46 session low confirms a lower low and exposes the 4340.07 swing low
Reclaim of the 4372.50 range top is needed before the 4381.15 session high comes back into play
Late-session liquidity plus Fed's Bowman and US Industrial Production tomorrow could reset this range
Gold ran from the 4235 low through the London-NY transition to a 4381.15 session high as yields and crude cooled, then spent the NY afternoon boxed between 4351.40 and 4372.50. Price is closing the session at the range low with RSI(14) back near 44 and EMA20 lost, while repeated rejections at 4372.50 have capped every attempt higher.
Support: 4,351.40
Resistance: 4,372.50, 4,381.15
What it said to watch
M15 close below 4351.40 breaks the range low and confirms a lower low
Reclaim of 4372.50 range top puts the 4381.15 session high back in play
Fed's Bowman (Fri 07:30 UTC) is the first post-FOMC guidance and could reset this range
Late-NY thinning liquidity can widen the range without changing structure
Higher lows off 4235, now compressed under 4381 high.
Gold's slide to 4235 during the post-FOMC hawkish-dots reaction has been fully retraced by a NY short-covering leg that stalled at 4381. Last four hours have coiled into a 4351–4372 band with RSI(14) mid-range and ATR compressing into the late NY session — no directional structure in play right now.
Support: 4,351.40
Resistance: 4,381.20
What it said to watch
A 15m close above 4381 session high would extend the recovery leg toward the 4400 area
Loss of 4351 session low breaks the higher-low chain built through NY
Fed's Bowman Fri 07:30 UTC is the first post-FOMC guidance and can reset this range
Higher lows off 4235, now coiling under the 4372 range top.
Gold rebuilt all day from the 4235 flush, short-covering after the hawkish FOMC dots carried it into a 4381 session high during the first hours of NY before rejection there. Late-NY hours have compressed price into 4352-4372, RSI(14) back to midrange near 51 and ATR(14) around 9 dollars — no directional structure in play at the moment.
Support: 4,352.00, 4,324.00
Resistance: 4,372.00, 4,381.00
What it said to watch
A 15m close above the 4372 range top would re-open the 4381 session high
Loss of the 4352 session low breaks the higher-low chain built off 4235, exposing the 4324 swing low
Fed's Bowman (Fri 07:30 UTC) and US Industrial Production (13:15 UTC) can reset this intraday range
Range after NY spike high, lower highs into the close.
Gold squeezed off the post-FOMC low near 4235 through the London-NY transition and spiked to a session high 4381.15 before rejection, then settled into a 4351-4381 range for the NY afternoon. Last six bars are compressed around 4360 with RSI(14) mid-40s and price back under EMA20 but holding above EMA50 — no directional structure in play right now.
Support: 4,351.40, 4,323.40
Resistance: 4,381.15
What it said to watch
M15 close above the 4381.15 session high would end the lower highs sequence
Loss of the 4351.40 session low reopens the 4323.40 swing low
Fed's Bowman (Fri 07:30 UTC) is the first post-FOMC guidance and could reset this range
Gold's short-covering recovery off the 4235 flush ran into a session high at 4381.15 during the first hours of NY, and has since consolidated in a 4352-4381 range with price pinned just under the EMA20 and RSI(14) back to the mid-40s. The 4371.69 supply shelf has capped three attempts, while 4352.26 held as the session low; micro higher lows are intact but flattening.
Support: 4,352.26, 4,340.07
Resistance: 4,371.69, 4,381.15
What it said to watch
M15 close above the 4371.69 supply shelf re-opens the 4381.15 session high
Loss of the 4352.26 session low breaks the higher-low chain and exposes the 4340.07 swing pivot
Fed's Bowman (Fri 07:30 UTC) and US Industrial Production could reset this intraday range
Higher lows since the post-FOMC low, but lower highs since the session high.
Gold has clawed back the entire post-FOMC slide to 4235, tagging a session high of 4381.15 just after the US claims/Philly Fed beats before stalling. Since then it has been boxed between the 4351 ny low and the 4374-4375 range top, with price pinned on EMA20 and RSI(14) back to the mid-50s — no directional extension in the last four hours.
Support: 4,351.41, 4,340.07
Resistance: 4,374.85, 4,381.15
What it said to watch
M15 close above the 4374.85 range top reopens the 4381.15 session high
Loss of the 4351.41 ny low breaks the higher-low chain and puts the 4340.07 prior high back in play
Fed's Bowman (07:30 UTC) and US Industrial Production (13:15 UTC) tomorrow can reset this intraday range
Gold reversed the post-FOMC flush to 4235 seen at the start of this window and ran to a session high of 4381 in the first hour of NY, helped by cooling yields and short-covering. Since then it has consolidated in a 4352-4381 band with rejection each time the 4371 supply shelf is tested, while a chain of rising lows (4351.4, 4355.6, 4357.6) holds; RSI(14) near 57, price above EMA20 at ~4359.
Support: 4,351.40
Resistance: 4,381.20
What it said to watch
M15 close above 4381 session high would extend the intraday uptrend out of the range
Loss of the 4351.4 session low breaks the rising lows and invalidates the range-holding read
ATR(14) ~11.8 dollars — range boundaries can be overshot intrabar without breaking structure
Fed's Bowman (Fri 07:30 UTC) and US Industrial Production (Fri 13:15 UTC) are the next scheduled risks to this structure
Post-breakout consolidation in upper third of NY range, higher lows intact.
Gold broke the London range and ran from the 4324.50 breakout base to a 4381.15 session high as Treasury yields pulled back, then stalled into the 4371 supply shelf flagged in the post-FOMC recovery. Since then it has chopped between 4351.40 and 4381.15 with RSI(14) back to the mid-50s and price hugging EMA20; ATR(14) around $9.75 per bar keeps the noise wide.
Support: 4,351.40, 4,343.75, 4,324.50
Resistance: 4,371.00, 4,381.15
What it said to watch
M15 close above the 4381.15 session high would extend the breakout leg
Loss of the 4351.40 swing low breaks the higher-low chain and puts 4343.75 ny low back in play
Repeated rejection at the 4371 supply shelf keeps this a range rather than continuation
Fed's Bowman (Fri 07:30 UTC) and US Industrial Production (13:15 UTC) are the next events that could reset this range
Higher highs/higher lows off 4235, now ranging 4354-4375 under the session high.
NY session printed a session high of 4381.15 in its first hour, then flattened into a 4354-4375 range; the recovery off the 4235 low is a yield-pullback and short-covering move after the hawkish FOMC, with firm claims and Philly Fed capping the extension. Price is pinned to EMA20 near 4365 with RSI(14) at 56 — no directional edge inside the range late in the session.
Support: 4,354.08, 4,340.07, 4,324.48
Resistance: 4,375.14, 4,381.15
What it said to watch
M15 close above the 4381.15 session high would resume the range break; failure there keeps the shelf top at 4375 as the cap
Loss of the 4354 range low confirms a lower-low and exposes the 4340 swing low, then 4324 prior pivot
Fed's Bowman (Fri 07:30 UTC) and US Industrial Production (13:15 UTC) can reset this intraday read
Higher highs/higher lows off 4235, now consolidating under session high.
The FOMC bar sits inside this window — gold was dumped from 4368 to 4235 on the hawkish dots, then retraced the entire move, printing 4381.15 into the NY open before rejection. Since then it has consolidated 4351.4–4381 with RSI(14) back to a neutral 56 and ATR(14) near 11-12 dollars per bar; the 4361-4371 shelf that capped earlier is now being held from above.
Support: 4,351.40, 4,340.10, 4,324.50
Resistance: 4,381.15, 4,400.00
What it said to watch
M15 close below the 4351.4 swing low breaks the higher-low chain built since the 4235 low
Acceptance above the 4381.15 session high opens the path toward the 4400 psych level
Loss of 4340.1 prior high would return price into the pre-ny low zone at 4324.5
Bowman speech and US Industrial Production tomorrow are the next scheduled risks to this intraday structure
Higher lows since post-FOMC low, coiling under session high.
Gold ran from the post-FOMC low into the London-NY transition to a session high of 4381.15, then faded on the firm 13:30 UTC US data (claims 196K, Philly Fed 37.8) and has since compressed in a 4351-4381 band. Price is back at 4370 late in the NY session with RSI(14) near 62 and both EMAs beneath — rising support off 4305.94 and 4352.26 still intact, and the prior 4361-71 shelf now sits below spot.
Support: 4,351.41, 4,343.75, 4,324.48
Resistance: 4,381.15, 4,400.00
What it said to watch
M15 close above 4381.15 session high opens the path toward the 4400 round number
Loss of 4351.41 session low breaks the rising support chain and re-exposes 4343.75 swing low
Acceptance back under 4324.48 breakout base invalidates the intraday recovery read
Fed's Bowman Fri 07:30 UTC and US Industrial Production 13:15 UTC could reshape this range
Post-rally consolidation under session high, lower highs since the 4381 spike.
Gold has run from the 4235 post-FOMC low to a 4381.15 session high during the NY session as yields and oil cooled, and has since chopped sideways with lower highs capping at 4372. Price is back in the middle of the 4351–4381 band, holding above EMA20 with RSI(14) neutral near 51 after the rejection at the session high.
Resistance: 4,372.00, 4,381.15
What it said to watch
M15 close above the 4381 session high would end the lower highs sequence and extend the leg
Loss of the 4351 swing low turns the consolidation into a lower-low and exposes the 4324 rally base
Fed's Bowman (Fri 07:30 UTC) and US Industrial Production (13:15 UTC) are the next scheduled catalysts for this read
Higher highs/higher lows, now consolidating under the session high.
Post-FOMC washout to 4235 was fully retraced through Asia and London, and the NY session pushed through the 4361-4371 shelf to a session high of 4381.15 before stalling. Price has spent the last three hours ranging 4351-4381 with RSI(14) back to 56 from overbought — consolidation above the breakout, not fresh expansion.
Support: 4,351.40, 4,340.00, 4,323.40
Resistance: 4,381.15, 4,400.00
What it said to watch
Close above the 4381 session high would resume the intraday leg toward 4400 psych
Loss of the 4351 session low puts the 4340 prior high and the rising support line back in play
A break under 4323 swing low would end the higher-low chain
Fed's Bowman (Fri 07:30 UTC) is the first post-FOMC guidance and could reset this range read
Higher highs / higher lows, now consolidating under the day high.
The post-FOMC flush to 4235 late yesterday has been fully retraced; the recovery peaked at the 4381 day high just before the NY open and was rejected, with the 4372 supply shelf capping every attempt since. Price is now boxed between 4351 session low and that shelf, holding above EMA20 at 4352.9 with RSI(14) near 57 — mid-range, no fresh impulse in the last two hours.
Support: 4,351.41, 4,334.00
Resistance: 4,372.00, 4,381.15
What it said to watch
Sustained M15 acceptance above the 4381 day high would extend the recovery leg
A close below 4351 session low breaks the rising lows sequence and exposes the ema50 near 4334
Fed's Bowman (Fri 07:30 UTC) and US Industrial Production (13:15 UTC) can reset this intraday range
Higher lows since 4235, first lower highs off 4381.
The post-FOMC flush to 4235 late yesterday has been fully retraced through Asia and London as yields eased; NY printed a session high at 4381.15 at 12:00 UTC and was rejected there. Price has ground back to the ema20 near 4351.4 with lower highs stacking under the 4371.7 supply shelf and RSI(14) cooling to ~59.
Support: 4,351.40, 4,343.80, 4,324.50
Resistance: 4,371.70, 4,381.15
What it said to watch
A close below the intraday low at 4343.8 breaks the rising support line and marks the first lower low of the recovery
Reclaim of the 4371.7 supply shelf puts the 4381.15 session high back in play
Loss of the 4324.5 swing low would unwind the higher-low sequence built since the 4235 low
Fed's Bowman (Fri 07:30 UTC) and US Industrial Production (Fri 13:15 UTC) are the next scheduled risks to this read
Higher highs/higher lows off 4235; consolidating under session high.
Gold has retraced the entire post-FOMC flush — the 18:00 UTC decision bar yesterday dumped price to 4235 and NY hours today have marched it back through the 4349.9 ny breakout to a 4381.2 session high, well past the 4361-71 cap flagged pre-open. Last six bars are pinned between the 4355.5 range floor and the 4371.7 supply shelf with RSI(14) easing from the mid-60s; ATR(14) is a wide ~14.4 dollars, so this consolidation is tight by today's standard.
Support: 4,355.50, 4,349.90, 4,332.00
Resistance: 4,371.70, 4,381.20
What it said to watch
M15 close above 4381.2 session high extends the higher-high chain
Loss of the 4355.5 range floor puts the 4349.9 ny breakout back in play, then the 4332.0 swing low
Rising support line off 4274/4305 is the structural floor for the NY leg
Thin US calendar into the close; Bowman (Fri 07:30 UTC) is the next scheduled event that could reset this read
Higher highs/higher lows off 4235, now coiling under the session high.
Gold V-shaped off the post-FOMC flush to 4235 during yesterday's NY hours and NY today extended the recovery to a session high of 4381 before stalling. Last three hours are a tight consolidation between 4355.5 and the 4374.5 intraday cap, price holding above EMA20 with RSI(14) near 62 — hot but not extreme; firm claims and Philly Fed have capped the push.
Support: 4,355.50, 4,340.00, 4,324.00
Resistance: 4,374.50, 4,381.15
What it said to watch
Loss of the 4355.5 session low breaks the higher-low chain built off 4235
M15 close above the 4381.15 session high extends the NY leg; repeated failure at the 4374.5 intraday cap keeps the consolidation intact
A slip back under 4340 prior high would put the 4324 swing low back in play
Bowman speech Fri 07:30 UTC and US Industrial Production Fri 13:15 UTC are the next catalysts that could reset this read
Higher highs / higher lows since the post-FOMC low, now consolidating under the session high.
Gold has traced a clean recovery leg off the 4235.03 post-FOMC low, and the London-NY transition broke the Asian/London range with a spike to 4381.15 despite the firm US claims and Philly Fed beats. Since that high price has gone sideways in a 4355.47–4381.15 band for the last nine bars, holding above EMA20 (4351) and EMA50 (4332) with RSI(14) at 61.7 — hot but not stretched. ATR(14) is running near $14.4 per bar, so the consolidation is tight relative to realised range.
Support: 4,355.47, 4,340.07, 4,324.48
Resistance: 4,381.15, 4,400.00
What it said to watch
M15 close above the 4381.15 session high opens the path toward the 4400 round number
Loss of the 4355.47 range low breaks the higher-low chain and puts the 4340.07 prior high back in play
A slip through the rising support line off 4285.51/4323.38 toward the 4324.48 swing low would invalidate the intraday uptrend read
Fed's Bowman (Fri 07:30 GMT) and US Industrial Production (Fri 13:15 GMT) are the next scheduled catalysts; US 10y direction remains the cap on this recovery
Higher highs and higher lows off the 4235 low, now consolidating under the session high.
London-NY transition drove a clean breakout through the 4326.8 breakout base up to a 4381.2 session high, with easing yields and cooler crude giving gold room after the post-FOMC 4235 flush. Since then price has coiled in a tight 4355.5-4381.2 band into early NY hours, RSI(14) at 63 off its impulse peak and ATR(14) near 1380 pips.
Support: 4,355.50, 4,326.80
Resistance: 4,381.20, 4,400.00
What it said to watch
M15 close back below the 4355.5 session low ends the higher-low chain and shifts the read to range
Acceptance above the 4381.2 session high opens the path toward the 4400 round number
Loss of the 4326.8 breakout base would negate the NY breakout entirely
Fed's Bowman tomorrow 07:30 GMT and US Industrial Production 13:15 GMT are the next scheduled catalysts for this read
14:17 UTC
Uptrend, momentum cooling near session high · RSI 68 · price 4,370.11
Higher highs / higher lows off 4235; consolidating under 4381 session high.
Gold has retraced the entire post-FOMC flush from the 4235 low, with the NY session driving a clean breakout through the 4324.5 breakout base and prior 4366 spike high to a 4381 session high before stalling. Price is now consolidating 4355–4381 with RSI(14) near 68 — hot but not extreme — helped by softer yields and a cooler crude tape rather than any fresh US data, as claims and Philly Fed beats failed to re-fire the yield move.
Support: 4,340.00, 4,324.50
Resistance: 4,381.15, 4,400.00
What it said to watch
Sustained M15 close above the 4381 session high opens the path to the 4400 round number
Loss of 4355 swing low breaks the intraday higher-low chain and puts 4340 prior swing back in play
Fed speak / a renewed move higher in US yields into the Friday session could cap this recovery
14:17 UTC
Uptrend, extended into NY · RSI 67 · price 4,370.11
Chain of higher lows off 4235, session high 4381 untested.
Gold has ground higher all session off the 4235 post-FOMC low, with the NY open forcing a breakout through the 4361–4371 band to a session high of 4381 before fading back to 4360. That pullback held the 4353 breakout lvl and price is back at 4370 — RSI(14) near 67, hot but not extreme, with easing Treasury yields and a cooler crude tape behind the recovery.
Support: 4,360.50, 4,353.00, 4,332.00
Resistance: 4,381.15
What it said to watch
M15 close below 4353 breakout lvl would break the sequence of higher lows and put 4332 swing low back in play
Repeated failure at the 4381 session high without a fresh high leaves a double-top risk into the NY afternoon
Yields re-accelerating toward 5% or hawkish Fed-speak (Bowman, Fri 07:30 GMT) would stall this recovery leg
Higher highs / higher lows off 4235, consolidating under session high.
Gold has recovered the entire post-FOMC slide from the 4235 low, with the NY session spiking to a session high of 4381 before rejection back into a 4355–4375 box. Price is holding above the 4355 swing low and the 4340 break level with RSI(14) near 68 — hot but not extreme; the 4374.85 minor high caps the current consolidation.
Support: 4,355.47, 4,340.07
Resistance: 4,374.85, 4,381.15
What it said to watch
M15 close below the 4355 swing low would break the higher-low chain built since 4235
Acceptance back under the 4340 break level would undo the NY breakout
Reclaim of the 4374.85 minor high reopens the 4381 session high
US Pending Home Sales at 14:00 GMT lands inside this bar period and can shift the read
Higher highs / higher lows off 4235, consolidating under session high.
Gold has retraced the entire post-FOMC flush, grinding from the 4235 low through Asia and London into a 4380.98 session high as yields eased and crude cooled. Price is now consolidating 4355–4381 with RSI(14) near 68, and the pre-drop 4340 break level flipped to support on the way up.
Support: 4,355.47, 4,340.07
Resistance: 4,380.98
What it said to watch
M15 close above the 4380.98 session high extends the higher-high chain
Failure to hold the 4355 swing low turns the consolidation lower and puts the 4340 break level back in play
Pending Home Sales at 14:00 GMT lands inside the next bar period and can reprice the yield-driven bounce
Higher highs / higher lows off the post-FOMC low, stalling under the session high.
The window opens with yesterday's 18:00 UTC FOMC collapse from 4368 to 4235, and price has ground back up through Asia and London in a clean higher-high / higher-low chain, clearing the 4350 and 4361-4371 bands into the NY open. First hour of NY tagged 4381.15 and was rejected twice; RSI(14) has cooled from the low 70s to ~66 while the 4355.50 swing low has held on the pullback.
Support: 4,355.50, 4,340.00
Resistance: 4,381.15
What it said to watch
M15 close below 4355.50 breaks the higher-low chain and puts 4340 prior high back in play
Reclaim and close above the 4381.15 session high would extend the recovery leg
Pending Home Sales at 14:00 GMT lands in the next bar and could shift the read
13:47 UTC
Uptrend, momentum cooling after NY spike · RSI 66 · price 4,359.26
Higher highs/higher lows off 4235, consolidating below session high.
Gold has climbed in a steady higher-high/higher-low chain since the post-FOMC flush to 4235 late yesterday, with the early NY hours extending to a session high of 4381.15 before an immediate rejection back under 4375. Price is now consolidating in a 4356–4381 band with RSI(14) near 66 and ATR(14) around 1420 pips; today's firm US claims and Philly Fed prints have kept the advance capped rather than reversing it.
Support: 4,356.29, 4,340.07, 4,323.86
Resistance: 4,381.15, 4,374.85
What it said to watch
M15 close above 4381.15 session high would extend the higher-high sequence
Loss of the 4356 range low puts the prior swing at 4340 back in play and breaks the higher-low chain
Sustained trade back under the 4324 swing low would invalidate the recovery structure
Pending Home Sales at 14:00 GMT is the only near-term US datapoint capable of shifting this intraday read
13:32 UTC
Uptrend, extended into NY open · RSI 72 · price 4,368.89
Higher highs / higher lows off the 4235 post-FOMC low.
The recovery leg off yesterday's 4235.03 post-FOMC spike low accelerated through the London-NY transition, clearing the pre-FOMC 4368 shelf and printing a session high at 4381.15 before easing back; RSI(14) near 71 is hot but not extreme. The immediate pullback held 4360.30 and price has closed back at 4368.89, so the chain of rising lows is intact with ATR expanded to roughly 12.5 dollars per bar.
Support: 4,360.30, 4,324.50
Resistance: 4,381.20, 4,400.00
What it said to watch
M15 close back below the 4360.30 swing low breaks the rising-lows sequence built through NY hours
Acceptance above the 4381.20 session high puts the 4400 round number in play as the next reference
Loss of the 4324.50 break base would return price inside the pre-breakout range
Pending Home Sales at 14:00 GMT lands in the next bar window and can re-price the dollar leg driving this move
13:32 UTC
Intraday uptrend, extended into NY hours · RSI 71 · price 4,368.89
Higher highs / higher lows off the 4235 post-FOMC low; tight consolidation under the session high.
The NY session push cleared the 4349.9 breakout lvl and printed a session high at 4381.15, with firm US claims (196K) and Philly Fed (37.8) failing to choke off the recovery from yesterday's 4235 slide. Price is now coiling in a 4360–4375 band above the micro low at 4360.3, RSI(14) around 71 and price holding above EMA20/EMA50.
Support: 4,360.30, 4,349.90, 4,324.40
Resistance: 4,381.15, 4,400.00
What it said to watch
A close back under the 4349.9 breakout lvl would break the intraday higher-low chain
Acceptance above the 4381.15 session high opens the 4400 psych area
Failure to hold 4324.4 swing low would revert the read to the earlier range
Pending Home Sales at 14:00 GMT lands within the next bar and can reprice the move
13:18 UTC
Uptrend, extended after NY thrust · RSI 67 · price 4,369.09
HH/HL chain off 4235; consolidating just under session high.
The London-NY transition drove a vertical leg from 4325 to a session high of 4381.15, extending the corrective recovery off the post-FOMC 4235 low despite firm US claims and Philly Fed prints. Price has since stalled in a 4360-4381 range with RSI(14) at 67 and EMA20 (4341) well below — the digest's 4361-4371 cap band is exactly where the tape is sitting.
Support: 4,360.27, 4,353.05, 4,341.35
Resistance: 4,381.15, 4,400.00
What it said to watch
M15 close above the 4381 session high extends the leg toward the 4400 round number
Loss of the 4360 swing low puts the 4353 prior high back in play as the first shelf
A slide back to ema20 at 4341 would break the rising-lows sequence off 4305
Pending Home Sales at 14:00 GMT falls in the next bar hour and can reprice the USD leg of this move
Higher highs / higher lows since the post-FOMC low, NY leg pushing new session high.
NY session drove gold through the 4353.05 breakout level and clean out of the 4361–4371 band, tagging a session high at 4381.15 before easing back to 4369; the move extends the recovery off the post-FOMC 4235 low despite firm US claims and Philly Fed data. RSI(14) near 73 is hot but not extreme, and the 4360.50 pullback low has held so far with ATR(14) around 1320 pips keeping swings wide.
Support: 4,360.50, 4,353.05
Resistance: 4,381.15, 4,400.00
What it said to watch
Loss of the 4360.50 pullback low breaks the higher-low chain built through the NY session
A close back under the 4353.05 breakout level would mark the push above the 4361–4371 band as a false break
Reclaim of 4381.15 session high puts the 4400 round number in play
Pending Home Sales at 14:00 GMT could reset intraday ranges within the next bars
13:05 UTC
Uptrend, extended into resistance · RSI 74 · price 4,372.21
Higher highs / higher lows since the 4235 low; NY session broke above the Asian range.
Gold has run a one-way recovery off the 4235 post-FOMC low, and the first hour of NY pushed through the Asian range and pre-FOMC supply to a session high of 4381.15 before the 12:30 UTC claims/Philly print knocked it back to 4360.50. That dip was bought within two bars and price is holding 4372 with RSI(14) near 74 — hot but not extreme; ATR(14) around 1400 pips flags the post-FOMC volatility still in the tape.
Support: 4,360.50, 4,340.00
Resistance: 4,381.15, 4,400.00
What it said to watch
Loss of the 4360.50 post-data low would break the higher-low chain off 4235
Acceptance above the 4381.15 session high opens the 4400 round number
Pending Home Sales at 14:00 UTC lands inside the next bar period and could reprice this leg
A slip back under 4340 prior high would put the rising support line in play
13:04 UTC
Uptrend, extended into resistance · RSI 74 · price 4,372.21
Higher highs / higher lows since the 4305 London low; full retracement of the FOMC-day flush.
Gold ripped through the 4353 breakout base into the London-NY transition and printed a session high at 4381.15, immediately rejected on the 12:30 UTC claims/Philly Fed print back to 4360.5 before recovering to 4372. RSI(14) near 73.5 with price well above EMA20 and EMA50 — extended but the higher-low chain from 4305 is intact, and the 4327 100-dma cap flagged all week has now been cleared.
Support: 4,360.50, 4,353.05, 4,327.00
Resistance: 4,381.15
What it said to watch
Acceptance above the 4381.15 session high would extend the higher-high sequence; repeated rejection there keeps the move corrective
A close back under 4360.5 swing low breaks the intraday higher-low chain and puts the 4353 breakout base back in play
14:00 UTC Pending Home Sales (f/c 2%) lands next bar period and can re-price the read
12:47 UTC
Uptrend, momentum stalling at session high · RSI 69 · price 4,360.29
Higher highs / higher lows off the 4235 low, first rejection at 4381.
Gold has climbed in a clean chain of higher lows since the post-FOMC 4235 low, and the London-NY transition drove a push to a session high of 4381.15 before the 12:30 UTC claims/Philly Fed print knocked the whole bar back, closing near 4360. RSI(14) at 68.5 is hot but not extreme, ATR(14) around $11.7 per bar shows expanded intraday range; 4353.40 bar low is the first shelf under price.
Support: 4,353.40, 4,324.50
Resistance: 4,381.15
What it said to watch
Failure to reclaim the 4381.15 session high keeps price capped inside the post-print pullback
Loss of 4324.50 swing low would break the rising support chain off the 4235 low
14:00 UTC Pending Home Sales is the next yield-sensitive input and could shift this read within the hour
V-shaped recovery, higher highs and higher lows since the post-FOMC low, first pullback from session high.
Yesterday's FOMC hike smashed gold from 4368.10 to 4235.03 in under two hours, but the entire Asia–London recovery has printed an unbroken higher-low chain and the NY open extended it to a session high at 4381.15 before a 20-dollar rejection back to 4360. RSI(14) is off its high near 66 and ATR(14) around 1200 pips shows how wide these bars still are; the breakout base at 4343.75 is the first reference on this pullback.
Support: 4,343.75, 4,323.40
Resistance: 4,381.15, 4,368.10
What it said to watch
Loss of 4343.75 breakout base would put the impulse leg back inside the prior 4324–4340 congestion
A close below the 4323.4 swing low ends the higher-low chain built through London
Reclaim of the 4381.15 session high needed to keep the recovery leg extending; repeated failure there marks it as a rejection level
Pending Home Sales at 14:00 UTC lands inside the next few bars and can re-price yields, the driver behind this recovery
V-recovery, HH/HL chain, post-FOMC drop fully retraced.
Gold has ripped through the 100-DMA cluster at 4327 and the 4361-4371 supply band in the London-NY transition, printing a session high of 4381.15 and fully retracing yesterday's post-FOMC slide to 4235. RSI(14) at 78 is short-term hot and the move is unretested — 4353 is the breakout base left behind, with ATR(14) near 1138 pips (≈$11.4) per bar.
Support: 4,353.00, 4,327.00
Resistance: 4,381.15, 4,400.00
What it said to watch
12:30 UTC US data cluster (jobless claims, Philly Fed) lands on this bar and can reprice the whole move
Loss of the 4353 breakout base would mark the extension as a false break
Acceptance above the 4381.15 session high puts the 4400 round number in play
A slip back under the 100-dma at 4327 restores the pre-rally range
12:32 UTC
Uptrend, impulsive late-London leg · RSI 76 · price 4,376.77
HH/HL chain, post-FOMC range broken upward.
Gold has ripped through the post-FOMC band in the London-NY transition, clearing the 4361 prior high zone and printing a session high at 4381.15 on three expansion bars — short-covering after the 4235 washout. RSI(14) at ~76 is hot but not extreme; the last bar stalled at 4380.90 and closed 4376.77, leaving the breakout unretested.
Support: 4,361.00, 4,324.48
Resistance: 4,381.15, 4,400.00
What it said to watch
US claims / Philly Fed cluster at 12:30 UTC lands within the next bar and can materially reprice this leg
A close back below the 4361 prior high would flag a false break of the session high
Loss of the 4324.48 swing low breaks the HH/HL chain built through the morning
Acceptance above 4381.15 session high leaves 4400 psych as the next reference
12:17 UTC
Uptrend, extended into resistance · RSI 75 · price 4,354.16
Higher highs and higher lows off the 4235 low; breakout above 4340.
The grind off yesterday's 4235 post-FOMC low accelerated through the London-NY transition, breaking the 4340 prior high and printing a 4355 session high with RSI(14) near 75 — hot, not extreme. The pre-fomc hi at 4368 is the next overhead reference; ATR(14) around 960 pips (~$9.6 a bar) after the volatility spike.
Support: 4,340.07, 4,305.13
Resistance: 4,355.27, 4,368.10
What it said to watch
US jobless claims / Philly Fed at 12:30 UTC lands in the next bar and can reprice this leg immediately
M15 close above the pre-fomc hi at 4368 would extend the breakout
Loss of the 4340 prior high, then the 4324 swing low, breaks the higher-low chain
Failure to hold the 4305 range low would return price into the post-FOMC band
Higher highs and higher lows off the 4235 low, breakout above the 4332 shelf.
Gold has ground out a clean HH/HL chain through London and just accelerated into the NY data window, clearing the 4340 breakout lvl in two wide bars to trade 4354 — post-FOMC short-covering off the 4235 low is doing the work. RSI(14) at ~73 is hot but not extreme; the 4361.50 prior high and yesterday's 4368.10 session high are the immediate hurdles.
Support: 4,340.00, 4,324.50
Resistance: 4,361.50, 4,368.10
What it said to watch
US jobless claims / Philly Fed at 12:30 UTC lands one bar from now and can reprice this move either way
Rejection wick at 4361.50 prior high without a close above it stalls the breakout read
A close back under 4340 breakout lvl, then loss of 4324.50 swing low, breaks the higher-low chain
Higher highs / higher lows off the 4235 post-FOMC low, fresh break of the 4340 swing high.
Gold has retraced almost the entire post-FOMC slide from 4368.10 to 4235.03 seen at 18:00–19:00 UTC yesterday, and the last two bars into the London–NY transition cleared both the 4327 100-dma cap and the 4340 swing high in one push, RSI(14) around 70. Rising support drawn off the 4274 and 4305 london low pivots is unbroken, with 4361.9 the prior high and 4368.1 the pre-fomc hi as the next references overhead.
Support: 4,340.00, 4,327.00, 4,306.00
Resistance: 4,361.90, 4,368.10
What it said to watch
US Jobless Claims / Philly Fed cluster at 12:30 UTC lands directly into this breakout; ATR(14) already near 980 pips
A 15m close back under 4340 would turn the break into a false break and put the 4327 100-dma back in play
Higher lows off 4235, breakout above the 4306-4335 range.
Gold has ground out a chain of higher lows since the post-FOMC flush to 4235 and the London-NY transition just broke the 4306-4335 range top, with the last two bars adding ~47 points to 4353.56 and clearing the 100-DMA cluster near 4327 that capped every rally this week. RSI(14) at ~73 is hot but not extreme; ATR(14) near 9.8 dollars reflects still-elevated post-FOMC ranges.
Support: 4,324.00, 4,305.50, 4,274.00
Resistance: 4,362.00, 4,368.10
What it said to watch
12:30 UTC US claims / Philly Fed cluster lands next bar and can materially reshape this read
4362 prior high and the 4368 spike high are the next areas to monitor for rejection or break
M15 close back below 4324 range top would negate the breakout and put 4305.5 range low back in play
Break of the higher lows trendline near 4274 would end the recovery structure
Higher highs and higher lows off 4235, London above Asian range top.
London has extended above the Asian range top near 4318 and price closed at 4338.69, just under the session high at 4340.1, retracing roughly three-quarters of the post-FOMC drop from 4368 as yields and the dollar eased back. HH/HL chain intact off the 4235 low, RSI(14) around 65 with ATR(14) near 905 pips, so ranges are still wide relative to the last few sessions.
Support: 4,323.40, 4,305.10, 4,274.10
Resistance: 4,340.10, 4,361.90
What it said to watch
US claims / Philly Fed cluster at 12:30 UTC, roughly half an hour out, can reprice this move immediately
Acceptance above the 4340.1 session high opens the 4361.9 prior high
A close back under the 4323.4 session low breaks the HL chain and puts the 4305.1 swing low back in play
Loss of 4274.1 pivot would unwind the entire recovery leg
11:57 UTC
Intraday uptrend off the post-FOMC low, momentum firm · RSI 66 · price 4,338.69
Stair-step higher highs and higher lows since 4235; pressing session high.
London hours have ground gold back up in a clean higher-high/higher-low chain from the 4235 post-FOMC low, with the last bar closing 4338.69 right into the 4340.07 session high as Treasury yields eased. RSI(14) at 66 is firm but not extended; the 4323.40 higher low is the nearest structural pivot and price sits at the 78.6% retrace of yesterday's FOMC drop.
Support: 4,323.40
Resistance: 4,340.07, 4,361.97
What it said to watch
M15 close above the 4340.07 session high extends the HH/HL chain toward the 4361.97 prior high
Loss of the 4323.40 higher low breaks the rising support line and ends the recovery sequence
US claims / Philly Fed cluster at 12:30 UTC lands within the next two bars and can reset this structure