Lower highs since the $4,203 peak with a flat base holding near $3,960 give the H4 a descending-triangle look capped below $4,200. Price has bounced off the $3,960 area to $4,084 on a softer USD and reviving US-Iran de-escalation hopes, reclaiming EMA20/50 but still pinned under the $4,100 breakout line. ATR is steady, so the range is intact rather than expanding.
Support: 3,965.00, 3,941.00
Resistance: 4,100.00, 4,140.00, 4,203.00
What it said to watch
H4 close above 4100 breaks the descending triangle and opens 4140 then the 4203 triangle top
Failure to hold 3965 support confirms downside continuation toward the 3941 ytd low
S&P Global flash PMIs Fri could materially shift this read
21:05 UTC
Downtrend, lower highs, bouncing off base · RSI 57 · price 4,084.35
Descending highs into flat support ~3965.
Gold has carved a series of lower highs off the $4,202 peak while repeatedly finding demand near the $3,965 support, framing a descending-triangle base below $4,200. The latest leg has recovered off the $3,959 low back toward $4,084, roughly a 50% retrace of the impulse down, with price now pressing the $4,100 breakout zone. The bounce fits the softer-USD read after firmer Michigan sentiment, but the descending upper edge keeps rallies capped.
Support: 3,965.00, 3,941.00
Resistance: 4,100.00, 4,200.00
What it said to watch
H4 close above 4100 opens the path to the 4200 triangle top
Failure to hold 3965 support exposes the 3941 ytd low
S&P Global flash PMIs Fri could materially shift this read
17:04 UTC
Downtrend stalling, recovery off base · RSI 56 · price 4,075.88
Basing near YTD low, rising lows into cap.
Gold slid from the 4200 swing high through early month to a base near the 3941 YTD low, and the last two weeks show rising lows off 3960 as a recovery builds. Price has reclaimed the ema20 pivot around 4020 and pushed to 4075, but remains capped below the 4100 psych level; softer USD and stalled oil have supported the bounce. ATR is moderate, consistent with a base-building rather than trending regime.
Support: 4,020.00, 3,965.00, 3,941.00
Resistance: 4,100.00, 4,140.00
What it said to watch
H4 close above 4100 opens the path toward the 4140 prior high
Failure to hold the 3965 support base reopens the 3941 YTD low
S&P Global PMIs Fri could firm USD and pressure this recovery read
Price rolled over from the 4202 swing high into a sequence of lower highs, but has stalled and built a base around 3959-3970 with a twin low. The current push to 4075 is a corrective bounce on a softer USD and a stalled oil rally, still capped below the 4100 barrier flagged in context. ATR remains elevated, so the 3960-4100 range edges are the swing pivots to monitor.
Support: 4,000.00, 3,959.00
Resistance: 4,100.00, 4,120.00, 4,202.00
What it said to watch
H4 close above 4100 opens the path toward 4120
Failure to hold 4000 reopens the 3959 swing low base
S&P PMIs Fri Jul 24 could shift this read via USD repricing
Gold rolled over from the 4202 peak into a string of lower highs, bleeding ~2.5-3% on the week as the US-Iran oil-driven inflation scare and reviving Fed-hike bets kept USD firm. Price is now basing above the 3960 swing low and grinding back toward the 4000 psych pivot, but the descending trendline off the highs continues to cap. ATR is holding an expanded regime, so swings remain wide.
Support: 4,000.00, 3,960.00, 3,941.00
Resistance: 4,090.00, 4,200.00
What it said to watch
Sustained H4 close below 4000 psych pivot exposes 3960 swing low then 3941 ytd low
Reclaim of 4090 swing high needed to challenge the descending trendline toward 4200
S&P Global PMIs Fri Jul 24 could materially shift this read
Gold remains in a multi-week downtrend of lower highs off the 4202 peak, with the market reading the US-Iran oil shock as inflationary/hawkish rather than a safe-haven bid, keeping the metal pinned near the 4000 pivot. Price has carved a double-bottom base around 3970 and is now bouncing back toward 4084, but the broader structure stays capped below the 4103-4200 resistance band. ATR is mid-range, neither compressed nor expanding sharply.
Support: 4,000.00, 3,970.00, 3,941.00
Resistance: 4,084.00, 4,103.00, 4,200.00
What it said to watch
H4 close above 4103 would break the lower-high sequence and open the 4200 range top
Loss of 3970 confirms a lower low, exposing the 3941 ytd low
S&P Global PMIs Thu 13:45 UTC could materially shift this read
05:04 UTC
Downtrend, basing near support · RSI 56 · price 4,049.93
Lower highs into flat support, descending-triangle compression.
Gold has carved lower highs since the 4202 peak while demand repeatedly steps in near 3960-4000, compressing into a descending-triangle apex around the 4000 psychological pivot. The tape stabilised after twin dips into 3960 and has recovered to 4050, keeping price back above EMA20 but still capped under EMA50. Resilient US data and a firmer USD keep the burden on any rally to clear the 4080-4200 lower-high band.
Support: 4,000.00, 3,965.00, 3,941.00
Resistance: 4,080.00, 4,200.00
What it said to watch
H4 close below 3965 triangle sup exposes the 3941 ytd low
Reclaim of 4080 swing high needed to challenge the 4200 trendline
S&P Global PMIs Fri could shift this read via USD/yields
05:04 UTC
Downtrend, basing near lows · RSI 51 · price 4,049.93
Lower highs since 4202, flat support ~4000.
Gold is carving lower highs off the 4202 peak while holding a flat floor around the 4000 psych level, the shape of a descending-triangle base under a hawkish, oil-driven Fed narrative. Price has recovered off the 3959 swing low to 4050, reclaiming EMA20 but still trading below the falling EMA50. ATR(14) has cooled with the market coiling between 4000 support and the 4080 prior high.
Support: 4,000.00, 3,965.00, 3,959.00
Resistance: 4,080.00, 4,143.00
What it said to watch
H4 close below 4000/3965 triangle support exposes the 3941 YTD low
Reclaim above 4080 then 4143 would break the lower-high structure
S&P Global PMIs Fri could drive the next leg via USD/yields
Gold has carved a series of lower highs from 4202 while holding a flat base near 3965, framing a descending triangle with the $4,000 psychological level as the pivot. Rallies have been capped by oil-driven Fed-hike repricing and a firmer USD, while the Iran risk premium has cushioned dips; ATR remains elevated but the last few bars have compressed tightly around 4005. Price sits just below EMA20 and well under EMA50, keeping the multi-week bias to the downside.
Support: 3,965.00, 3,941.00
Resistance: 4,020.00
What it said to watch
H4 close below 3965 triangle base opens the path to the ytd low at 3941
H4 close above 4020 recent cap and descending trendline neutralises the downtrend read
S&P Flash PMIs Fri 13:45 UTC could resolve the triangle either way
Gold is coiling just under the 4000 psychological cap after a string of lower highs from 4202, forming a descending-triangle structure against horizontal support near 3965. Price sits below both EMA20 and EMA50 with the pair pinned by hawkish Fed-hike repricing on oil-driven inflation, while the Iran risk premium cushions dips. ATR has compressed as the range narrows, consistent with a breakout building.
Support: 3,965.00, 3,941.00
Resistance: 4,020.00, 4,202.00
What it said to watch
H4 close below 3965 opens the path to the 3941 ytd low
H4 close above 4020 and the descending trendline cap neutralises the lower-high sequence
S&P Global Flash PMIs Fri 13:45 UTC could resolve the range either way