Lower lows then sideways consolidation near the lows.
Gold sold off hard from the $4,380 zone to a one-week low at 4121 as the hawkish FOMC dot plot and a YTD-high dollar capped every bounce. Price has since coiled into a tight band around 4150, holding just under EMA20 with EMA50 stacked above near 4210, keeping the broader tone heavy. RSI(14) has lifted off oversold into the mid-40s as the slide stalls, but no higher-high has confirmed a turn.
Support: 4,100.00
Resistance: 4,180.00, 4,210.00
What it said to watch
H1 close above 4180 would challenge the lower-high sequence
Failure to hold 4121 opens the path toward 4100 and the YTD low at 4023
Fed's Waller (Mon) and S&P Global PMIs (Tue) could materially shift this read
Gold was hammered through the week, sliding from the 4380 zone to a week low at 4121 after the hawkish FOMC dot-plot lifted the dollar to YTD highs. Price has since clawed back to 4156 but holds below EMA20 and EMA50, with the recent high at 4183 capping the bounce. RSI has lifted off the lows toward mid-40s as the slide pauses, but structure remains a series of lower highs.
Resistance: 4,183.00, 4,218.00
What it said to watch
Loss of 4121 week low opens the path toward the 4023 YTD low
H1 close above 4183 recent high needed to challenge the 4218 swing high
S&P Global PMIs (Tue) and Waller (Mon) could materially shift this read
Gold has been in a clean downtrend since Wednesday's hawkish FOMC, which sent price from the 4382 high to fresh lows near 4121 as the USD pushed to YTD highs. Price trades below EMA20 and EMA50 with each rally into the descending lower-highs line being sold; the bounce off 4125 has stalled under the 4180 recent high. RSI(14) at ~43 sits mid-range, leaving room either way without divergence.
Support: 4,125.00
Resistance: 4,180.00, 4,200.00
What it said to watch
H1 close back above 4200 psych would neutralise the downtrend read
Failure to hold 4125 swing low confirms continuation lower
S&P Global PMIs (Tue 13:45 UTC) could materially shift this read
Gold extended its weekly downtrend, collapsing after Wednesday's hawkish FOMC dot-plot and a stronger USD at YTD highs. Price has carved lower highs and lower lows into the NY session, basing near 4121 before a shallow bounce that stalled at 4183. Price sits below EMA20 and EMA50, with RSctructure still pointing south but momentum flattening off the 4121 low.
Support: 4,100.00
Resistance: 4,183.00
What it said to watch
Hourly close above 4183 prior high challenges the lower-high sequence
Failure to hold 4121 swing low opens deeper downside toward 4100
S&P Global PMIs (Tue 13:45 UTC) could materially shift this read
Gold has bled lower all week since the Warsh-led hawkish FOMC and the USD push to YTD highs, collapsing from the 4382 high toward a 4121 week low. Price is basing just above that low, with a bounce stalling under the 4183 prior high and RSI carving a mild bullish divergence on the latest lows. Both EMAs sit overhead, keeping the broader structure offered into the new week.
Support: 4,121.74, 4,100.00
Resistance: 4,183.00, 4,200.00
What it said to watch
H1 close below 4121.74 opens a deeper flush toward 4100
Reclaim of 4200 needed to ease the downside pressure
S&P Global PMIs (Tue 13:45 UTC) could materially shift this read
Gold has bled lower all week, the $4,382 high collapsing into the $4,120s after Warsh's hawkish FOMC dot-plot and USD at YTD highs. Price trades below EMA20 and EMA50 with each rally capped — the $4,180 area rejected the last NY-session push back toward $4,200. Buyers stepped in twice near $4,125–4,145 but momentum stays heavy on the lower-high sequence.
Resistance: 4,183.00, 4,200.00
What it said to watch
H1 close below 4145 reopens the 4121 swing low and a deeper flush
Reclaim of 4183 needed to challenge the 4200 psych cap
S&P Global PMIs (Tue 13:45 UTC) could materially shift this read