Gold remains in a clear H4 downtrend, printing successive lower highs and lower lows since Wednesday's hawkish Warsh-led FOMC and the dot-plot repricing that snapped the rally near $4,330. The bounce to the 4382 swing high was rejected and price has bled back toward the 4100 round number, with ATR(14) elevated and expanding as the move accelerates. Price sits well below both EMA20 and EMA50, keeping the bearish structure intact toward the prior 4023 swing low.
Support: 4,100.00, 4,023.00
Resistance: 4,220.00, 4,382.00
What it said to watch
Sustained break of 4100 round number opens the path toward the 4023 swing low
Reclaim of the 4220 prior pivot would challenge the lower-high sequence
S&P Global PMIs (Tue) and Core PCE (Thu) are the next macro catalysts that could shift this read
Any durable US-Iran de-escalation could drain the haven bid
Gold remains in a clear H4 downtrend, carving lower highs since the 4595 area and accelerating after Wednesday's hawkish FOMC, which sparked the impulse leg from the 4382 rejection down to the low-4100s. Price sits below both EMA20 and EMA50 with ATR(14) elevated, signalling trend expansion rather than compression. The 4200 psych pivot now caps overhead while the 4100 round number is the immediate floor.
Support: 4,100.00, 4,067.00, 4,023.00
Resistance: 4,200.00
What it said to watch
H4 close below 4100 opens 4067 swing low, then 4023 range low
Reclaim of 4200 psych pivot would ease the downside pressure
S&P Global PMIs (Tue) and Core PCE (Thu) could materially shift this read
Gold remains in a clear H4 downtrend, sliding from the $4,382 pre-FOMC high after Warsh's hawkish Fed debut and the dot-plot hike signal lifted the Dollar to YTD highs. Price broke the $4,219 post-FOMC support and is now probing the $4,121 swing low, with elevated ATR confirming an expanding move rather than compression. Rallies into the $4,300 pivot have repeatedly failed, keeping the structure heavy.
Support: 4,067.16
Resistance: 4,219.00
What it said to watch
H4 close back above 4219 (post-fomc) would ease the bearish structure
Break and close below 4121 swing low opens the path to the 4067 prior low
S&P Global PMIs Tue 13:45 UTC could materially shift this read
Lower highs and lower lows since early-month peak.
Gold is in a clear H4 downtrend, carving lower highs and lower lows since the 4595 peak, with the decline accelerating after Warsh's hawkish FOMC dots and a YTD-high Dollar. Price broke the 4219 post-FOMC support and is now probing the 4121 recent low, trading well below both EMA20 and EMA50. ATR remains elevated, consistent with trend expansion rather than compression.
Gold remains in a clear downtrend, accelerating after Wednesday's hawkish FOMC dot plot drove the metal off the $4,380 area and through the $4,219 post-FOMC low. Price now trades at 4158 below both EMAs with lower highs and lower lows intact; the $4,200 floor cited as the prior breakdown has flipped to resistance. ATR(14) is elevated, reflecting the expansion phase as the slide extends toward the $4,100 handle.
Support: 4,100.00, 4,023.00
Resistance: 4,219.00
What it said to watch
Clean break below 4100 opens the 4023 swing-low zone
H4 close back above 4219 challenges the lower-high structure
S&P Global PMIs (Mon) and Core PCE (Thu) could materially shift this read
Gold remains in a clear H4 downtrend, printing successive lower highs and lower lows after the hawkish FOMC dot-plot repricing drove the metal off the 4380 area. Price has broken the 4200 handle and closed at 4158, with ATR(14) expanding as the move extends. The 4200/4219 zone now caps as overhead resistance while 4121 marks the nearest swing floor.
Support: 4,067.16, 4,023.89
Resistance: 4,200.00, 4,219.00
What it said to watch
A clean break of 4121 opens the 4067/4024 lows below
Reclaim above 4200 would challenge the downtrend and the 4219 fomc low
S&P Global PMIs (Mon) and Core PCE (Thu) could materially shift this read
Lower highs and lower lows, breakdown accelerating.
Gold remains in a clear H4 downtrend, rolling over from the 4382 swing high and slicing through the 4219 breakdown level after the hawkish FOMC and a USD pushed to YTD highs. Price has since failed to reclaim the 4300 pivot and is now pressing the 4100 psych zone, with ATR(14) expansion confirming the move is trending rather than ranging. RSI is oversold but not yet diverging, consistent with continuation.
Support: 4,100.00, 4,023.00
Resistance: 4,219.00, 4,300.00
What it said to watch
H4 close back above 4219 breakdown level would challenge the bearish structure
Reclaim of the 4300 pivot needed to ease the lower-high sequence
Loss of 4100 psych opens the path toward the 4023 window low
Core PCE Thu 25 Jun could materially extend or reverse this read
Gold remains in a clear H4 downtrend, accelerating after Wednesday's hawkish FOMC that knocked price off the 4382 high and through the 4219 two-day low. Price is pinned below EMA20 and EMA50 with successive lower highs and lower lows, now probing 4151 after a fresh leg lower. ATR(14) is elevated, consistent with an expanding, trending market rather than compression.
Support: 4,100.00, 4,067.16
Resistance: 4,219.00
What it said to watch
Reclaim of the 4219 two-day low would challenge the bearish structure
Failure to hold the 4100 psych level opens the path to the 4067 swing low
Core PCE Thu Jun 25 could materially shift this read
Downtrend intact with a fresh lower low at 4186; price rolled over from the 4382 peak and sliced back through the 4300 pivot and the 4219 trough after Wednesday's hawkish FOMC gutted gold. ATR(14) is elevated, consistent with trend expansion rather than compression. Price sits well below both EMA20 and EMA50.
Support: 4,100.00, 4,023.00
Resistance: 4,219.00, 4,300.00, 4,382.00
What it said to watch
Sustained trade below 4100 psych opens the path toward the 4023 major low
An H4 close back above 4219 trough would ease the post-FOMC pressure toward the 4300 pivot
S&P Global Flash PMIs (Tue 13:45 UTC) could materially shift this read
Lower highs, lower lows since the $4,380 rejection.
Gold remains in the post-FOMC downtrend; the relief bounce toward $4,382 was sold hard, printing a fresh lower high before price rolled back through the $4,300 pivot toward the $4,190 lows. ATR(14) is heavily elevated after the 160-point crash bar, signalling an expanding trend rather than compression. Price is pinned well below EMA20 and EMA50 with no sign of demand stepping in yet.
Support: 4,186.92, 4,100.00, 4,023.89
What it said to watch
Sustained trade below the $4,300 pivot keeps the post-FOMC bearish tone intact
Loss of 4186.92 opens the path toward the 4100 psych level and 4023.89 weekly low
A close back above $4,300 would re-open $4,370 and challenge the lower-high read
S&P Global Flash PMIs (Jun 23, 13:45 UTC) could materially shift this read