Gold rolled over hard from the 4370 ceiling after the hawkish Warsh FOMC hold and lifted dots, slicing through the 4219 weekly trough to print fresh lows near 4201. Price sits below both EMAs with a clean sequence of lower highs and lower lows, the latest 4382 rejection capping the bounce. ATR is elevated as the move expands; the 4300 pivot is the immediate cap and 4256 the nearer recent high.
Support: 4,180.00, 4,100.00
Resistance: 4,256.00, 4,300.00, 4,370.00
What it said to watch
H4 close back above 4300 pivot would neutralise the breakdown read
Failure to hold 4180 confirms the lower-low extension toward 4100 psych
S&P Global PMIs Jun 23 could materially shift this read via USD/yields
Gold remains in a clean H4 downtrend, imploding ~2% after the hawkish Warsh Fed hold and the lifted dot plot drove yields and DXY to multi-week highs. Price spiked to a lower high at 4382 then collapsed through the 4219 weekly low, with the latest bar printing a fresh low at 4201. ATR(14) is expanded and price sits well below both EMAs, with the 4300 pivot capping recovery attempts.
Support: 4,201.47
Resistance: 4,300.00, 4,382.39
What it said to watch
A close back above the 4300 pivot would neutralise the downside read
Failure to reclaim 4219 keeps the lower-low structure intact
S&P Global PMIs (Jun 23) could materially shift this read via USD/yields
H4 is in a clear downtrend, printing lower highs since the early-month rally above 4570. The hawkish Warsh Fed and a hot Retail Sales beat crushed gold from the 4382 swing high back toward the 4219 weekly-low zone, with price now grinding at 4230 below the 4300 pivot. ATR(14) is elevated, signalling an expansion regime as the metal retests its lows.
Support: 4,219.00
Resistance: 4,300.00, 4,382.39
What it said to watch
Clean H4 close below 4219 confirms a lower-low and opens deeper downside
Reclaim of the 4300 pivot needed to ease the heavy tone
S&P Global PMIs (Tue) and Core PCE (Thu) could materially shift this read
17:03 UTC
Downtrend, momentum heavy · RSI 39 · price 4,230.62
Lower highs, retesting weekly lows.
Gold remains in a clear H4 downtrend after the hawkish Warsh Fed and a hot Retail Sales beat revived hike pricing, crushing the metal from the 4382 swing high back toward the 4219 weekly low. The relief rally to 4382 was rejected sharply and price is now grinding sub-4300 with EMA20 and EMA50 stacked bearishly overhead. Demand around the 4219-4250 zone is the structural floor, but each push toward the 4300 pivot has been capped.
Support: 4,219.00, 4,067.00
Resistance: 4,300.00, 4,382.00
What it said to watch
A clean H4 close below 4219 weekly low opens deeper downside toward 4067
Reclaim of the 4300 pivot needed to ease downward pressure
S&P Global PMIs (Tue) and Core PCE (Thu) could materially shift the USD-driven read
Gold remains in a multi-day downtrend, with the recovery toward 4382 rejected and a sharp ~2% drop following the hawkish FOMC hold and hot US data. Price broke down to the 4219 post-FOMC low and is now capped sub-4330, chopping between that resistance and the lows. ATR(14) is elevated, signalling trend expansion rather than compression.
Support: 4,219.00, 4,023.00
Resistance: 4,300.00, 4,330.00, 4,382.00
What it said to watch
Failure to hold 4219 opens the path toward the 4023 range low
H4 close above 4330 would ease near-term downside pressure; 4300 psych is the first hurdle
Jobless Claims and Philly Fed at 12:30 UTC could extend or fade the move
Gold remains in a downtrend on H4, with the post-FOMC selloff erasing the early-week recovery toward 4382 as Warsh's hawkish hold drove the dollar and yields higher. The bounce off the 4219 post-FOMC low stalled sub-4330 and price is now grinding back toward that floor, sitting below both the EMA20 and EMA50. ATR(14) is elevated after the 160-point FOMC bar, signalling an expansionary regime rather than compression.
Support: 4,219.00
Resistance: 4,300.00, 4,330.00, 4,382.39
What it said to watch
H4 close below 4219 confirms a lower low and opens the path toward the 4023 swing low
Reclaim of the 4300 psych level then 4330 range top needed to ease the downside read
S&P Global PMIs on Jun 23 are the next major catalyst that could shift this read
09:03 UTC
Downtrend, attempting to stabilise · RSI 45 · price 4,286.25
Lower highs and lower lows, consolidating after post-Fed flush.
Gold remains in a multi-week downtrend, having sliced from the 4570s to cycle lows near 4067/4023 before a sharp bounce toward 4382. That recovery was rejected on the hawkish Warsh-led Fed and stronger US data, flushing price back to the 4219 two-day low; it is now consolidating near 4286 against the 4280 pivot. ATR(14) is expanded by the 160-dollar Fed candle, and the recovery above 4330 the digest flags as needed to ease the bearish tone has not materialised.
Support: 4,219.00, 4,067.00
Resistance: 4,330.00, 4,382.00
What it said to watch
H4 close back below 4219 confirms a fresh lower-low and reopens the cycle-low at 4067
Recovery above 4330 range top needed to ease the bearish tone
Jobless Claims and Philly Fed at 12:30 UTC could materially shift this read
09:03 UTC
Downtrend, attempting to stabilise · RSI 44 · price 4,286.25
Lower highs and lower lows; bounce off cycle lows capped.
Multi-day downtrend persists; gold slid from 4530 to the 4067 cycle low before a corrective bounce stalled near the 4382 swing high. Yesterday's hawkish Warsh-led Fed and firm US data reasserted USD strength, driving the post-Fed flush from 4382 down to 4219 before price recovered to consolidate around 4286. The 4280 pivot is now the immediate battleground, with momentum capped below the 4355 range high.
Support: 4,280.00, 4,219.00, 4,067.00
Resistance: 4,355.00, 4,382.00
What it said to watch
H4 close above 4355 range high needed to ease the bearish tone
Loss of 4219 2-day low opens the path back toward the 4067 cycle low
Jobless Claims and Philly Fed at 12:30 UTC could materially shift this read
The broader H4 downtrend from the 4570 area bottomed near 4023 before a sharp ~6.5% recovery tied to the US-Iran de-escalation; price now ranges between 4219 and 4382, capped beneath the 4400 zone flagged after the hawkish FOMC dot-plot. The latest session swept the 4219 low and recovered to close at 4320, holding the rising sequence of higher lows since the bottom.
Support: 4,219.00, 4,200.00, 4,067.00
Resistance: 4,382.00, 4,400.00
What it said to watch
12:30 UTC jobless claims and Philly Fed could materially shift this read
H4 close above 4400 opens the 4394-4580 zone
Failure to hold 4219 exposes 4200 then 4067
01:03 UTC
Downtrend, bounce faded · RSI 42 · price 4,280.29
Lower highs since 4560; bounce off 4024 rejected at 4382.
Gold's ~6.5% three-day rebound off the 4024 year-low stalled below 4400 and rolled over hard, with the last bar slicing from 4382 to 4219 after the hawkish FOMC dot-plot shift and a hot 0.9% retail sales print repriced higher-for-longer risk. Structure stays a sequence of lower highs since the 4560 area, and price now sits back below both EMAs, capped at the 4300 pivot. ATR(14) is elevated as the move expands, leaving the 4200 psych shelf as the next monitored support below 4220.
Support: 4,220.00, 4,200.00, 4,024.00
Resistance: 4,300.00, 4,382.00
What it said to watch
H4 close back above the 4300 pivot would ease the rejection read
Loss of 4220 swing low exposes the 4200 psych level and 4024 year low
US Jobless Claims & Philly Fed Thu 12:30 UTC could shift the near-term tone
Gold's three-day rebound stalled at the 4382 swing high and the last bar erased most of it, closing back below the 4300 pivot after a hawkish FOMC and a hot 0.9% retail sales print firmed the USD. ATR(14) is expanded and the structure prints lower highs, with price now pressing the 4219 swing low. Recovery attempts have been capped in the 4382-4394 supply band.
Support: 4,219.00, 4,200.00, 4,024.00
Resistance: 4,300.00, 4,382.00, 4,394.00
What it said to watch
H4 close below 4200 opens the path toward the 4024 cycle low
Reclaim of the 4300 pivot needed to neutralise the downside pressure
US Jobless Claims & Philly Fed at 12:30 UTC could shift this read