Every read JAFX AI made on the XAU/USD daily chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:04 UTC
Downtrend, momentum heavy · RSI 32 · price 4,147.48
Lower highs and lower lows since February peak.
Gold is in a six-week grind lower from the February record near 5419, trading at 4147 well below both EMA20 and EMA50, with a clean chain of lower highs and lower lows. The hawkish Fed hold and firmer USD/real yields have pinned the metal, with the YTD low at 4023 carved on the early-month flush before a shallow bounce stalled under the 4200 pivot. RSI(14) sits near 32 — heavy but not yet stretched into oversold, consistent with sellers still in control.
Support: 4,120.00
Resistance: 4,200.00
What it said to watch
- Daily close below 4120 reopens the 4023 ytd low as the next downside reference
- Reclaim and close above the 4200 pivot would break the recent lower-high sequence
- Tue 13:45 GMT US flash PMIs and Thu Core PCE could materially shift this read
21:04 UTC
Downtrend, sixth straight weekly decline · RSI 35 · price 4,147.48
Lower highs and lower lows since February peak.
Gold remains in a clean multi-month downtrend off the February record near 5419, posting a sixth straight lower/flat week and trading well below EMA50 on D1. The leg accelerated after the hawkish FOMC hold lifted the dot path, with DXY through 101 and September hike bets near 70% draining the metal's bid despite a live Mideast conflict. Price now grinds near the 4147 area between the 4200 pivot above and the 4120 one-week low, with the 4023 YTD low the next reference below.
Support: 4,120.00, 4,067.16, 4,023.00
Resistance: 4,200.00
What it said to watch
- Daily close below 4067 swing low confirms continuation toward the 4023 YTD low
- Sustained move back above the 4200 pivot would challenge the lower-high sequence
- S&P PMIs Tue 13:45 GMT and Core PCE Thu 12:30 GMT could materially shift this read
- US-Iran ceasefire breakdown headlines could revive a safe-haven bid