Gold rebounded from the $4,121 week low into the $4,200 pivot, which has capped the last two NY-session attempts, leaving price pinned around $4,190. The recovery has lifted RSI back to neutral and price sits above EMA(50) but stalls right at EMA(20), consistent with the digest's directionless, soft-bid read as hawkish-Fed pressure meets a partial geopolitical unwind. A tight $4,170-$4,220 range now defines the intraday structure.
Support: 4,170.00, 4,121.00
Resistance: 4,200.00, 4,221.00
What it said to watch
H1 close above 4200 pivot opens the path back toward the 4221 swing high
Failure to hold 4170 reopens the 4121 week low
S&P Global Flash PMIs Tue 13:45 GMT could materially shift this read
Gold sold off hard mid-week from the 4382 high down to a 4121 weekly low as the hawkish FOMC repricing firmed the USD, then short-covering lifted price back to the 4200 pivot. Since then H1 has gone sideways in a tight 4170-4220 band, hovering around EMA(20) with RSI(14) hugging the 50 line. The 4200 pivot has capped the bounce while demand has stepped in repeatedly near 4170.
Support: 4,170.00
Resistance: 4,200.00
What it said to watch
H1 close above 4220 opens the path back toward the 4250 region
Loss of 4170 reopens the 4121 weekly low
S&P Global Flash PMIs Tue 13:45 GMT could break this consolidation
22:03 UTC
Downtrend, recovering off lows · RSI 51 · price 4,191.36
Consolidation under 4200 after sharp markdown.
Gold sold off hard mid-week, dropping from ~4380 to a 4121 weekly low as a hawkish-Fed repricing and firmer USD/real yields trumped Mideast risk. Price has since clawed back and is consolidating around 4190, with the 4200 pivot capping the recovery and the 38.2% retrace of the drop near 4220 still untested. RSI(14) sits near neutral and price is pinned to EMA20 after the bounce.
Support: 4,170.00, 4,120.00
Resistance: 4,200.00, 4,220.00
What it said to watch
H1 close above 4220 would extend the recovery toward broken structure
Loss of 4170 swing low puts the 4120 weekly low back in focus
S&P Global PMIs Tue 13:45 GMT could materially shift this read
Gold collapsed from 4382 into a 4121 week low as a hawkish FOMC repricing and firmer USD/real yields overran the Mideast bid. Price has since clawed back to consolidate around 4190, but the 4200 pivot and 4220 recovery high have rejected attempts to extend higher. RSI(14) has lifted back to mid-range as the slide pauses just above EMA(20)/EMA(50).
Support: 4,150.00
Resistance: 4,200.00
What it said to watch
H1 close above 4220 invalidates the lower-high sequence
Failure to hold 4150 reopens the 4121 week low
S&P Global PMIs Tue 13:45 GMT could materially shift this read
21:04 UTC
Downtrend, basing after washout · RSI 51 · price 4,191.36
Consolidation under 4200 pivot.
Gold sold off hard this week from 4380 toward a 4121 one-week low after the hawkish Fed lifted USD and yields. Price has since carved a double bottom near 4120 and recovered into a 4170-4215 consolidation, now pinned just under the 4200 weekly pivot with RSI back to neutral. Two attempts at 4215 have been capped while demand held the 4170 swing low.
Support: 4,170.00, 4,140.00, 4,121.00
Resistance: 4,200.00, 4,215.00
What it said to watch
H1 close above 4200 weekly pivot opens the path to 4215 swing high
Failure to hold 4170 swing low reopens the 4140 gap area and 4121 one-week low
S&P PMIs Tue 13:45 GMT could materially shift this read
21:04 UTC
Downtrend stalling, now ranging · RSI 49 · price 4,191.36
Consolidation after sharp decline.
Gold sold off hard this week from the 4380 area to the 4121 week low after the hawkish Fed hold lifted the USD and real yields. Price has since clawed back into a 4140-4220 range and now consolidates near 4190, with the 4200 pivot and 4220 bounce high capping recovery attempts and RSI(14) hovering around neutral. Lower highs since the bounce top point to a tightening range against the 4170 range floor.
Support: 4,170.00, 4,140.00
Resistance: 4,200.00
What it said to watch
H1 close below 4140 reopens the 4121 week low and the 4023 YTD low
H1 close above 4220 invalidates the consolidation read
S&P Global PMIs Tue 13:45 GMT could materially shift this read
Lower highs into a base near 4125, ranging 4140-4220.
Gold sold off hard this week, sliding from 4380 to a 4121 base after the hawkish Fed lifted the dollar and yields and the Iran de-escalation stripped the fear bid. Since the low, price has carved a corrective bounce, now oscillating around EMA(20) near 4190 with RSI(14) back at the midline. The 4220 area — coinciding with the 38.2% retrace of the week's down-leg — capped the recovery, while the 4200 pivot is the immediate decision point.
Support: 4,170.00, 4,136.00
Resistance: 4,200.00, 4,220.00
What it said to watch
Hourly close above 4220 swing high opens room back toward prior supply
Loss of 4170 intraday low re-exposes the 4136/4121 base
Tue S&P Global PMIs (13:45 UTC) and Thu Core PCE could materially shift this read
Gold sold off hard this week, sliding from the ~4380 area to a 4121 week low on the hawkish Fed projections and a draining geopolitical premium as US-Iran headlines de-escalated. Since then price has put in a corrective bounce and is now ranging 4170–4220, with last close at 4191 hugging EMA(20) while RSI cycles around the midline. The 4200 pivot and 4220 bounce high have capped the recovery.
Support: 4,170.00, 4,147.00, 4,125.00
Resistance: 4,200.00, 4,220.00
What it said to watch
H1 close above 4220 breaks the sequence of lower highs
Failure to hold 4147/4125 reopens the week-low test
Thu Core PCE (12:30 UTC) could materially shift this read
Lower highs into week low, range building near pivot.
Gold sold off hard from the 4380 area into a 4121 week low after hawkish FOMC projections lifted the dollar and Iran de-escalation drained the safe-haven bid. A corrective bounce stalled at the 4200 pivot and 4220 bounce high, and price is now chopping 4170-4210 just under EMA20 with RSI(14) flat around the midline. The 4200 cap noted in the macro read has held the recovery in check this week.
Support: 4,170.00, 4,121.00
Resistance: 4,200.00, 4,220.00
What it said to watch
H1 close above 4220 invalidates the lower-high read and opens 4260
Failure to hold 4121 week low confirms continuation toward the 4023 YTD low
Tue S&P Global PMIs and Thu Core PCE could materially shift this read
Gold shed over 2% across the week, sliding from 4380 to a 4121 week low as hawkish FOMC projections lifted the dollar and the US-Iran ceasefire drained the safe-haven bid. A corrective bounce stalled at 4220 — roughly the 38.2% retrace of the down-leg — and price has since coiled in a 4170-4220 range, now sitting at 4183 just under EMA20. The 4200 pivot remains the line dividing the bounce from renewed pressure toward the week low.
Support: 4,170.00, 4,121.00
Resistance: 4,200.00, 4,220.00
What it said to watch
H1 close above 4220 bounce high reopens the path back toward 4250
Loss of 4170 recent low exposes the 4121 week low
Tue S&P Global PMIs (13:45 UTC) could shift this read sharply
Gold has bled from 4382 down to a week low at 4122 through the back half of the window, the hawkish FOMC dot-plot and a firmer USD driving the slide that accelerated on the 4380-to-4286 crash bar. Price has since clawed back into a 4147-4220 corrective range, but the 4200 pivot has capped the last two NY-session attempts and price sits back below EMA20 with RSI recovered only to neutral. The broader structure stays lower-highs/lower-lows; the bounce is a relief move into resistance, not a structural turn.
Support: 4,147.00, 4,122.00
Resistance: 4,200.00, 4,221.00
What it said to watch
Hourly close above 4200 pivot opens the path back toward the 4221 week high
Failure to hold 4147 reopens the 4122 week low, with the 4023 YTD low cited as the next downside marker
Tue S&P Global PMIs (13:45 UTC) and Thu Core PCE could materially shift the USD/gold read
Gold sold off hard this week from the 4382 high to a 4121 low as hawkish FOMC projections and US-Iran de-escalation drained the haven bid. A corrective bounce stalled at 4220 — the 38.2% retracement of that decline — and price is now consolidating just under the 4200 cap, hugging EMA20 with RSI back at neutral. EMA50 overhead near 4240 still frames the broader slide.
Support: 4,170.00
Resistance: 4,200.00, 4,240.00
What it said to watch
H1 close above 4200 needed to retest the 4220 bounce high
Loss of 4170 reopens the 4121 week low
Tue S&P Global PMIs (13:45 UTC) could shift this read
Lower highs off the 4382 peak; basing above the 4121 week low.
Gold sold off hard last week from 4382 down to a 4121 low as hawkish Fed projections firmed the dollar and the US-Iran de-escalation stripped the fear bid. This week opened near 4156 and bounced into the 4200 psych pivot, but rejection there and a slide back to 4183 leaves the recovery shallow, with the week high at 4220 capping. RSI(14) sits mid-range and price is pinned to EMA20.
Support: 4,150.00, 4,121.00
Resistance: 4,200.00, 4,220.00
What it said to watch
H1 close above 4220 week high would extend the corrective bounce toward 4283
Failure to hold 4150 swing low reopens the 4121 week low
Tue S&P Global PMIs (13:45 UTC) could materially shift this read
Gold sold off hard from the 4380 area after Wednesday's hawkish FOMC projections lifted the dollar, bottoming near 4121 before a corrective bounce stabilised price around the 4200 pivot. The 4220 bounce high has capped the recovery into the NY session, with price slipping back to 4183 and holding below both EMA20 and EMA50. Structure remains a sequence of lower highs and lower lows; the move higher into 4220 reads as a relief retrace within the weekly slide.
Support: 4,150.00
Resistance: 4,200.00
What it said to watch
H1 close above 4220 invalidates the lower-high read
Failure to hold 4150 reopens the 4125 week low
Tue S&P Global PMIs (13:45 UTC) could materially shift this read
Gold sold off hard from $4,382 into a one-week low near $4,121 last week, the bulk of the damage coming in a single high-volume bar as hawkish-Fed repricing and a firm USD drove the move. Price has since clawed back above EMA20 to the $4,200 cap, where the push to $4,220 was rejected and a matching low near $4,136 left a double-bottom base. RSI(14) has recovered toward neutral after stretching oversold into the low.
What it said to watch
H1 close above $4,220 rejection opens the path back toward the $4,330 recovery zone
Failure to hold $4,140 swing low reopens the $4,121 one-week low
S&P Global PMIs (Tue 13:45 UTC) could materially shift this read
Lower highs into $4,121 base, corrective bounce capped.
Gold sold off hard from $4,382 to the $4,121 week low on the hawkish-Fed repricing, then clawed back toward the $4,200 psych level in European hours. Price now sits just above EMA20 but below EMA50, and the bounce has been rejected twice at $4,220 (recent high). RSI(14) has lifted off oversold to mid-50s, but the broader structure remains a string of lower highs.
Support: 4,150.00
Resistance: 4,220.00
What it said to watch
S&P Global PMIs Tue 13:45 UTC could materially shift this read
H1 close above 4220 recent high opens the path toward the $4,330 recovery zone
Failure to hold 4150 swing low reopens the $4,121 week low
Loss of EMA20 ($4,180) would stall the corrective bounce
Lower highs into 4121 low, recovering toward 4200 cap.
Gold slid through this week from the ~4382 high to a one-week low at 4121 after the hawkish FOMC dot-plot underpinned the USD. The last day-plus has been a corrective recovery back to the EMA20 and the 4200 handle, with RSI(14) cycling back to mid-50s. The 4200 psych cap has limited the bounce twice; 4220 marks the recovery's session high.
Support: 4,150.00
Resistance: 4,200.00, 4,330.00
What it said to watch
H1 close above 4220 opens the path to the 4330 recovery zone
Failure to hold 4150 reopens the 4121 one-week low
S&P Global PMIs Tue 13:45 UTC could materially shift this read
Gold sold off hard earlier this week, breaking from 4382 down to a 4121 weekly low after the hawkish FOMC dot-plot lifted the USD to 13-month highs. Price has since based and clawed back toward 4200 in European hours, holding above EMA(20) but still capped below EMA(50), with the 4220 swing high marking the bounce ceiling. RSI(14) has cycled back to neutral around 54 off oversold, consistent with a corrective rebound inside a broader downtrend.
Support: 4,170.00
Resistance: 4,200.00, 4,330.00
What it said to watch
S&P Global PMIs Tue 13:45 UTC could materially shift this read
H1 close above 4220 opens the path back toward the 4330 recovery zone
Gold cratered from 4382 into Wednesday's hawkish FOMC, shedding roughly 260 dollars to a weekly low at 4121 before stabilising. Price has since carved higher lows back toward 4200, reclaiming EMA20 with RSI(14) recovering through the midline. The 4210-4220 band has capped the recovery, keeping it inside this-week's lower-high structure.
Support: 4,023.00
Resistance: 4,210.00, 4,221.00
What it said to watch
H1 close above 4221 breaks the recovery range top
Failure to hold 4121 opens the path to the 4023 ytd low
Waller remarks and Tue S&P PMIs could materially shift this read
Lower highs / lower lows, recent higher-low base off 4121.
Gold's week was defined by Wednesday's hawkish FOMC and firm US data, which drove the impulse leg from 4382 down to the 4121 one-week low. Price has since carved a higher-low base and ground back above EMA(20) and EMA(50) toward 4194, recovering roughly 28% of that drop. The 4220 swing high has capped the bounce and the broader sequence of lower highs remains intact.
Support: 4,140.00, 4,121.00, 4,023.00
Resistance: 4,220.00, 4,286.00
What it said to watch
H1 close above 4220 opens the path toward the 4286 breakdown level
Failure to hold 4140 reopens the 4121 one-week low and the 4023 YTD low
S&P Global PMIs Tue 13:45 UTC and Core PCE Thu could materially shift this read
12:02 UTC
Downtrend, recovery off lows · RSI 58 · price 4,207.60
Lower highs from 4382, bouncing from 4121 with higher lows.
Gold sold off hard mid-week from the 4380 area to a 4121 one-week low after the hawkish FOMC lifted DXY and yields, the dominant move of the window. Since that low price has carved higher lows and reclaimed EMA20, now pressing the 4200-4214 reclaim zone with RSI(14) cycling back near 58. EMA50 overhead near 4228 still caps the broader downtrend.
Support: 4,188.00, 4,140.00, 4,121.00
Resistance: 4,214.00, 4,228.00
What it said to watch
H1 close above 4214 confirms the reclaim zone and opens the path toward the 4228 ema50
Failure to hold 4188 swing low reopens the 4140 intraday low and the 4121 week low
Waller speech 13:00 UTC and Tue S&P Global PMIs could materially shift this read
Gold sold off hard mid-window from the 4382 weekly high to a one-week low at 4121, the leg accelerating after hawkish Fed dots and DXY>101 took over. Price has since recovered into the NY session and is consolidating 4188–4210, with the 4220 area — coinciding with the 38.2% retrace of the 4382–4121 drop — capping the bounce. RSI(14) has cycled back to mid-50s from oversold, and higher lows since 4121 are holding.
Support: 4,188.00, 4,170.00
Resistance: 4,220.00, 4,256.00
What it said to watch
Fed's Waller speech 13:00 UTC (~2h) could materially shift this read
H1 close above 4220 fib 38.2 opens the path toward 4256
Failure to hold 4170 swing low reopens the 4121 one-week low
11:02 UTC
Downtrend, bounce off lows · RSI 56 · price 4,205.08
Lower highs from 4382, recovering off 4121.
Gold sold off hard mid-week from 4382 to a 4121 week low, logging a sequence of lower highs as the hawkish-Fed/DXY-above-101 read capped any safe-haven bid. Price has since clawed back toward 4205, holding above the H1 EMA20 with RSI(14) recovered to the mid-50s, but the 4221 prior high has stalled the rebound. Sits below EMA50, keeping the broader weekly drift lower.
Support: 4,185.00, 4,140.00, 4,121.00
Resistance: 4,221.00
What it said to watch
Hourly close above 4221 prior high would break the lower-high sequence
Failure to hold the 4185 ema20 reopens the 4140 swing low and 4121 week low
Fed's Waller speech ~13:00 UTC could materially shift this read
Gold sold off hard from 4382 to a 4121 weekly low after the hawkish June 17 FOMC and firmer DXY, then carved a double bottom near 4121-4136 and has since ground out higher lows back to 4208. Price now sits above EMA(20) but under EMA(50), with the 4220 day high and the 4256 prior swing capping the recovery band flagged by the broader 4150-4200 read. RSI(14) has cycled out of oversold to the low-50s as the bounce matures.
Support: 4,150.00, 4,121.00
Resistance: 4,220.00, 4,256.00
What it said to watch
Fed's Waller at 13:00 UTC could shift this read on hawkish confirmation
Gold slid through the week from the 4380 area to a one-week low at 4121 after the hawkish FOMC dot-plot and DXY at YTD highs drained the haven bid. Off that low it has clawed back to ~4196, but the 4200-4210 recovery cap has held the last several bars. Price now sits above EMA20 with EMA50 still overhead, framing the bounce inside the broader downtrend.
Support: 4,140.00
Resistance: 4,210.00
What it said to watch
H1 close above 4210 breaks the recovery cap and challenges the 4220 recent high
Loss of 4140 reopens the 4121 one-week low
Fed's Waller 13:00 UTC and Tue S&P PMIs could materially shift this read
Gold's early-week pop to 4380 on US-Iran de-escalation fully reversed, sliding to a 4121 one-week low as the hawkish Fed and firm DXY dominated. Price has since recovered off a double bottom near 4121-4136, gapping back above EMA(20) during the NY session to test the 4200-4210 recovery cap. RSI(14) has cycled back near 56, but EMA(50) overhead near 4250 still caps the broader downtrend.
Support: 4,170.00, 4,140.00, 4,121.00
Resistance: 4,210.00, 4,221.00, 4,250.00
What it said to watch
H1 close above 4210 opens the path toward the 4221 fib 38.2 and EMA50 near 4250
Failure to hold 4170 reopens the 4140 gap base and the 4121 1-week low
Fed's Waller 13:00 UTC could materially shift this read
Consolidation above one-week low after impulsive sell-off.
Gold sold off hard this week, peaking at 4382 before the US-Iran de-escalation and hawkish FOMC repricing flushed price ~6% to a 4121 week low. Since then it has carved out a recovery, holding above the H1 EMA(20) and probing the 4200 round number; the bounce stalled at 4221, the 38.2% fib of the down move. RSI(14) has cycled back to mid-range from oversold as the slide pauses.
Support: 4,140.00, 4,121.00
Resistance: 4,200.00, 4,221.00, 4,255.00
What it said to watch
Fed's Waller 13:00 UTC and Tue PMIs could materially shift this read
H1 close below 4140 intraday low reopens the 4121 week low
Lower highs since 4380 reversal; higher low off 4121.
The early-week pop to 4380 on US-Iran de-escalation fully reversed in a single session, and the hawkish FOMC plus DXY at YTD highs dragged gold to a one-week low at 4121. Price has since recovered to the 4200-4210 cap, where the rally was rejected, and is now consolidating above EMA(20) near the 4150 floor with RSI(14) back to neutral. The broader sequence remains lower highs, with the 4221 swing high marking the recovery ceiling.
Support: 4,150.00, 4,121.00
Resistance: 4,210.00, 4,221.00
What it said to watch
Fed's Waller 13:00 UTC could shift this read
H1 close above 4210 recovery cap reopens 4221 swing high
Failure to hold the 4150 consol floor puts the 4121 1-wk low back in play
06:02 UTC
Downtrend, stabilising off the lows · RSI 55 · price 4,194.79
Lower highs into a base, bouncing.
Gold sold off hard through the week — an early rally to $4,380 collapsed after the hawkishly-held Fed and the US-Iran ceasefire trimmed the safe-haven bid, grinding price to a one-week low at 4121. It has since based around 4145 and bounced to 4220, reclaiming the EMA20 with RSI recovering off oversold, though the EMA50 and the $4,300 capped zone sit overhead.
Support: 4,145.00, 4,121.00
Resistance: 4,220.00, 4,300.00
What it said to watch
Fed's Waller 13:00 UTC could materially shift this read
Failure to hold 4145 base reopens the 4121 week low
H1 close above 4220 session high targets the 4300 capped zone
06:02 UTC
Downtrend, recovering off base · RSI 57 · price 4,194.79
Lower highs since week's high, base built near 4121.
Gold collapsed from the week's high near 4382 after the hawkish Fed dot plot, sliding to a one-week low near 4121 before twice finding demand there to form a double bottom. Price has since clawed back above the H1 EMA20 with RSI cycling up to ~57, but the move stalled into 4220 — the 38.2% retrace of the week's drop — and the EMA50 still sits overhead. The recovery is a bounce within a broader downtrend, not yet a structural turn.
Support: 4,140.00, 4,121.00
Resistance: 4,221.00, 4,256.00
What it said to watch
Fed's Waller at 13:00 UTC could materially shift this read
H1 close above 4221 (38.2% fib) opens the path toward the 4256 prior swing
Failure to hold 4140 base reopens the 4121 week low and YTD-low territory
05:03 UTC
Downtrend, stabilising after slide · RSI 52 · price 4,182.11
Post-breakdown consolidation under broken support.
Gold collapsed from $4,382 into a one-week low at $4,120 after Wednesday's hawkish FOMC dot plot, a near-vertical slide that cut clean through $4,200. Price has since stabilised, with yesterday's NY bounce stalling at the 38.2% fib near $4,220 before fading back to $4,182 — now holding above the H1 EMA(20) but still capped under EMA(50). RSI(14) has recovered toward the mid-50s from oversold as the consolidation builds.
Support: 4,170.00, 4,120.00
Resistance: 4,220.00, 4,300.00
What it said to watch
Close below the 4120 week low reopens the 4023 YTD low
Reclaim of the 4220 38.2% fib needed to target the 4300 cluster
Loss of the 4170 intraday low resumes the slide
Waller speech 13:00 UTC today could shift this read
Gold broke down hard from ~4382 to the one-week low near 4121 after Wednesday's hawkish FOMC dot plot and the US-Iran ceasefire stripped the safe-haven bid. Since then price has consolidated in a 4120-4220 band, with the bounce high at 4221 capping recovery and the 4140 swing low holding. Price has reclaimed EMA20 but remains pinned below EMA50, with RSI(14) cycling back to mid-range.
Support: 4,140.00, 4,121.00
Resistance: 4,221.00, 4,257.00
What it said to watch
Fed's Waller speech 13:00 UTC could materially shift this read
H1 close back below 4140 swing low reopens the 4121 week low
Reclaim of 4221 bounce high needed to challenge the 4257 prior high
Gold has bled lower all week, with the hawkish FOMC dot-plot triggering the impulse drop from ~4382 to a weekly low at 4121. Price is now consolidating near 4170, holding the EMA(20) but capped below the EMA(50). The NY-session bounce poked 4221 before fading back, and RSI(14) has cycled back to the midline as the slide pauses.
Support: 4,121.00
Resistance: 4,200.00, 4,221.00
What it said to watch
H1 close below 4121 exposes the 4023 YTD low
Reclaim and hold above 4200 would challenge the lower-highs structure
Fed's Waller speech 13:00 UTC could materially shift this read
04:02 UTC
Downtrend, stabilising after low · RSI 49 · price 4,171.93
Lower highs and lows, basing near week low.
Gold sold off sharply through the week after the hawkish FOMC dot plot lifted USD to YTD highs, capping a third straight weekly decline. Price bottomed near 4121 and bounced into the NY session to test 4220 before that level rejected, pulling spot back to 4171. RSI(14) has recovered from oversold toward 49 as the slide stalls, with price reclaiming EMA20 but holding below EMA50.
Resistance: 4,300.00
What it said to watch
H1 close below 4121 exposes the 4023 YTD low
Reclaim of 4220 needed to challenge the 4300 cap
Fed's Waller speech at 13:00 UTC could shift this read
Gold spent the week unwinding off the 4382 peak after Wednesday's hawkish FOMC dot-plot and a firm USD, logging a clean lower-high sequence into the 4121.74 weekly low. The latest leg up out of the 4140 base reclaimed EMA20 and printed 4221 before being rejected — that level sits on the 38.2% retrace of the 4382-4121 down-move. RSI(14) has cycled back to the mid-50s but price remains below EMA50, keeping the bounce corrective.
Support: 4,140.00, 4,121.74
Resistance: 4,221.00, 4,257.00, 4,300.00
What it said to watch
Hourly close above 4221 (38.2% fib) opens the 4257 swing high and 4300 cap
Failure to hold 4140 re-exposes the 4121 weekly low and the 4023 YTD floor
Fed's Waller speech 13:00 UTC could shift the USD read materially
Lower highs and lower lows, basing near weekly low.
Gold has been in a sustained H1 downtrend since midweek, when the hawkish FOMC dot plot and a firm USD crushed the earlier Iran-deal rally and dragged spot from $4,380 to a $4,121 weekly low. Price has since based above that low, and the latest NY-hours bounce pushed back toward $4,200-$4,220 before stalling and rejecting. Price is sitting just above EMA(20) but capped well below EMA(50), with RSI(14) recovering off oversold toward the midline.
What it said to watch
H1 close above 4220 would challenge the descending lower-highs
Break of 4121 weekly low exposes the 4023 YTD low
Fed's Waller speech 13:00 UTC could shift this read
The hawkish-Fed, YTD-high USD theme drove a third weekly slide from the 4382 high down to the 4121 weekly low. This week's session spiked back to 4220 — the 38.2% retracement of that move — and was rejected straight back to 4190, leaving price above EMA(20) but capped beneath EMA(50). Basing around 4150 with RSI(14) recovering off oversold; the broader sequence of lower highs is still intact.
Support: 4,150.00, 4,121.00
Resistance: 4,220.00, 4,300.00
What it said to watch
H1 close above 4220 opens the path toward the 4300 weekly cap
Loss of the 4150 base exposes the 4121 weekly low
S&P Global PMIs Tue 13:45 UTC could materially shift this read
Gold bled lower all week after Wednesday's hawkish FOMC crushed the early Iran-deal relief rally from ~4380, bottoming at the 4121 weekly low. Price has since broken out of a tight 4150-4160 consolidation, snapping ~70 dollars higher into the latest session to reclaim EMA(20) at 4209. Structure still reads as a sequence of lower highs and price holds below EMA(50), so this is a recovery within a broader downtrend.
Support: 4,140.00, 4,121.00
Resistance: 4,250.00
What it said to watch
Loss of 4121 weekly low confirms continuation toward the 4023 YTD low
Move into the 4250 cluster — area to watch for rejection or break
Failure to hold the recent low at 4140 stalls the bounce
S&P Global PMIs Tue 13:45 UTC could materially shift this read
01:03 UTC
Downtrend, bouncing off lows · RSI 53 · price 4,209.41
Lower highs into weekly low, sharp reflex bounce.
Gold sold off hard from ~4382 after Wednesday's hawkish FOMC, bottoming near the 4121 weekly low before basing around 4150 through the Asia session. The last two H1 bars surged ~60 points to 4209, reclaiming the EMA20 and breaking the prior consolidation top. Price now sits beneath the EMA50 with the 4250 supply zone the next overhead reference.
Support: 4,161.00
Resistance: 4,250.00
What it said to watch
Failure to hold above EMA20 (~4161) reopens the 4121 weekly low and 4023 YTD pivot
H1 close above the 4250 supply zone would extend the bounce toward 4300
S&P Global PMIs Tue 13:45 UTC could materially shift this read
Gold collapsed post-FOMC after the hawkish dot plot lifted the dollar to YTD highs, slicing the $4,300-$4,380 US-Iran spike and printing a one-week low at 4121.74. Price has since stabilised in a 4125-4183 band, with RSI(14) lifting off oversold as the slide loses pace. The 4182 swing high capped the rebound and supply re-emerged into the NY session.
Support: 4,121.74
Resistance: 4,182.98, 4,200.00
What it said to watch
H1 close below 4121.74 opens the path toward the 4023 YTD low
Reclaim of 4183 would challenge the lower-highs sequence and expose 4200
Fed's Waller (Mon) and S&P Global PMIs (Tue) could materially shift this read
Gold has bled lower all week, collapsing from the $4,380 US-Iran optimism spike into a $4,121 one-week low after the hawkish FOMC dot-plot lifted the dollar to YTD highs. The rebound off $4,121 stalled at $4,182 and price has since rolled back under EMA(20) and EMA(50), keeping the lower-high structure intact. RSI(14) sits mid-40s, recovered off the lows but with no bullish momentum confirmation.
Support: 4,121.74
Resistance: 4,182.00
What it said to watch
H1 close below 4121.74 reopens the $4,023 YTD low
Reclaim of 4182 needed to break the lower-high sequence
Fed's Waller and Tuesday S&P Global PMIs could materially shift this read