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, fourth straight weekly decline · RSI 32 · price 4,098.23
Lower highs and lower lows since the late-Feb peak.
Gold remains in a multi-week downtrend, sliding from the ~5419 late-Feb peak to ~4098 with price entrenched below EMA20 and EMA50. The leg lower has accelerated on a 13-month-high DXY and hawkish Fed repricing, with the $4,220 area rejected last week and the YTD lows near 4023/4000 now the key downside test. RSI(14) sits near 32 — pressing toward oversold but not yet stretched on the daily.
Support: 4,023.00, 4,000.00
Resistance: 4,220.00
What it said to watch
- Daily close below 4023 confirms a fresh lower low and opens the 4000 psych level
- Reclaim of 4220 needed to challenge the lower-highs structure
- Core PCE Thu 25 Jun 12:30 UTC is the dominant catalyst that could shift this read
21:04 UTC
Downtrend, fourth straight week lower · RSI 31 · price 4,098.23
Chain of lower highs / lower lows, below EMA50.
Gold remains in a clean D1 downtrend, sliding from the late-February peak near 5419 and now pressing the 4067 swing low as DXY prints 13-month highs on a hawkish-Fed repricing. Price has held below EMA50 for weeks, with every bounce capped at progressively lower highs; the last attempt rejected near 4220 before fresh selling resumed. RSI near 31 reflects a stretched move into the 4000 psychological zone.
Support: 4,067.16, 4,023.00, 4,000.00
Resistance: 4,191.36
What it said to watch
- Daily close below 4067/4023 opens the path toward the 4000 psych level
- Reclaim of 4191 prior high would challenge the lower-high sequence
- Core PCE Thu 25 Jun 12:30 UTC is the dominant catalyst for the next leg