Gold sold off hard from the 4190s early week down into a 3960 base, then reclaimed 4000 and pushed to a 4096 week-recovery high as the USD slipped from yearly highs after in-line May PCE. Price has since eased back to 4071, holding above EMA20/EMA50 with RSI(14) cycling mid-range. The 4096 recovery high has capped the bounce, while the 4000 psych pivot is the line keeping stabilisation alive.
Support: 4,064.00, 4,000.00, 3,960.00
Resistance: 4,096.00
What it said to watch
Close above 4096 week high extends the recovery toward the broken range
Loss of 4000 psych pivot reopens the 3960 week base
Failure to hold the session low near 4064 signals the bounce stalling
HIGH-impact ADP and ISM (Jul 1) could materially shift this read
20:02 UTC
Downtrend cooling, recovery off the base · RSI 55 · price 4,071.54
Higher lows since 3960, capped near 4096.
Gold sold off hard from 4190 at Monday's open to a 3960 week low by midweek as firm US data and hawkish Fed pricing weighed. The dip-buy off that base reclaimed the 4000 round number and pushed back toward 4096 as the USD slipped post-PCE, but the recovery stalled below that cap. Price now sits above the rising EMA20 around 4045, consolidating near 4071 with RSI cycling in the mid-50s.
Support: 4,045.00, 4,000.00, 3,960.00
Resistance: 4,096.00, 4,144.00
What it said to watch
H1 close above 4096 opens the path back toward 4144
Loss of 4000 round number reopens the 3960 week low
ADP and ISM Manufacturing Wed could materially shift this read
Gold sold off hard from Monday's 4190s to a 7-month low at 3959 mid-week as the USD ran to cycle highs on hawkish Fed repricing, then mounted a corrective bounce back above the 4000 pivot. Price tagged 4096 in the NY session before easing to 4066, with RSI(14) cooling off the bounce highs. The recovery holds above EMA(20) and EMA(50), but the 4050 area that capped the prior week is now being retested from above.
Support: 4,000.00, 3,959.00
Resistance: 4,096.00
What it said to watch
Hourly close above 4096 opens the path back toward the 4107 fib
Failure to hold the 4000 pivot reopens 3959 week low
ADP (Wed) and ISM Manufacturing are the next high-impact catalysts for USD-driven moves
Gold spent the week grinding lower from Monday's ~4200 open to a 7-month low at 3959 on the post-FOMC hawkish flush. Dip-buyers stepped in twice around 3959 forming a base, and the bounce extended ~130 dollars into yesterday's NY session to tag 4096 before fading; price now sits near 4074, holding above EMA20 with RSI back near 57. The 4050 shelf is the near-term pivot — the recovery is sitting on it after stalling at 4096.
Support: 4,050.00, 4,000.00, 3,959.00
Resistance: 4,096.00
What it said to watch
Rejection at 4096 week high keeps the broader downtrend intact
H1 close back below 4000 psych reopens the 3959 low
ADP (f/c 118K) + ISM Manufacturing Jul 1 are the next high-impact catalysts and could shift this read
Gold sold off hard this week from 4198 to a 7-month low near 3964, where dip-buyers stepped in twice to carve a double bottom. Price has since reclaimed the 4050 cap that contained the prior decline and tagged a 4096 session high, now consolidating around 4074 above EMA20. In-line Core PCE and a stalling USD eased pressure, but the broader move off the highs keeps this a corrective bounce within a downtrend.
Support: 4,050.00, 4,000.00, 3,964.00
Resistance: 4,096.00
What it said to watch
Rejection at 4096 keeps the bounce capped under prior structure
Loss of 4050 reopens the path back toward the 4000 pivot
ADP and ISM Manufacturing on Jul 1 could materially shift this read
Gold spent the week unwinding from 4210 down to a 7-month low at 3959 before dip-buyers stepped in, and price has clawed back above both EMA20 and EMA50 into the NY session as the USD eased off its post-FOMC peak. The 4096 session high has capped the latest push while higher lows have built off the 3959 floor. In-line Core PCE offered no fresh catalyst, leaving the bounce as oversold stabilization within a still-dominant weekly downtrend.
Support: 4,050.00, 4,000.00, 3,959.00
Resistance: 4,096.00, 4,135.00
What it said to watch
H1 close above 4096 opens the path to the 4135 prior high
Failure to hold 4050 puts the 4000 psych pivot and 3959 week low back in play
ADP and ISM Manufacturing on Jul 1 could materially shift this read
Higher lows off the weekly low, grinding back toward $4,100.
Gold based twice near the $3,959 weekly low and has staged a steady recovery through the NY session, now flat-lining around $4,085 as the USD eased from its post-FOMC peak. Price is holding above both EMA20 and EMA50 with RSI(14) in the low-60s, and pullbacks have set successive higher lows. The $4,096 session high is the immediate cap; in-line Core PCE offered no fresh catalyst, leaving this a positioning-driven bounce off oversold levels.
Support: 4,045.00, 4,000.00, 3,959.00
Resistance: 4,096.00, 4,144.00
What it said to watch
Close above 4096 opens the path back toward 4144
Failure to hold 4045 re-exposes the 4000 pivot and 3959 weekly low
ADP and ISM Manufacturing on Jul 1 could materially shift this read
16:03 UTC
Downtrend, corrective bounce in play · RSI 64 · price 4,091.81
Lower highs into 7-mo low, now reclaiming.
Gold opened near 4193 Monday and sold off through the week to a 7-month low at 3959 as the USD firmed on Fed hike repricing. A USD breather post in-line PCE and soft Michigan sentiment has fuelled a sharp recovery into the NY session, lifting price back above EMA20/EMA50 with RSI(14) pushing into the mid-60s. The 4100 round number is the immediate cap, with 4130 the prior swing above it; the bounce remains corrective within the broader downtrend.
Support: 4,046.00, 4,000.00, 3,959.00
Resistance: 4,100.00, 4,130.00
What it said to watch
Hourly close above 4100 psych opens the path to 4130
Failure to hold 4046 swing low risks a retest of 4000 and the 3959 weekly low
ADP and ISM Manufacturing on Jul 1 are the key tests for Fed hike pricing driving this read
Lower highs into 7-mo low, relief recovery off 3959.
Gold sold off through the week to a 7-month low at 3959 before mounting a relief bounce across yesterday's NY session and into today, now pressing 4090 — roughly the 50% retrace of the week's decline. The recovery tracks an easing USD and in-line Core PCE, but the digest frames it as corrective within a broader downtrend. RSI(14) has cycled back into the low-60s as price reclaimed EMA20 and EMA50.
Support: 4,050.00, 4,000.00, 3,959.00
Resistance: 4,100.00, 4,138.00
What it said to watch
H1 close above 4100 march low resistance opens the path toward 4138
Failure to hold 4050 recovery base exposes 4000 psych and the 3959 weekly low
Wed ADP/ISM cluster could materially shift this read
Lower lows into 3959, then higher lows off the base.
Gold accelerated lower all week from 4207 to a 7-month low at 3959 before stabilising, with the 4000 round number reclaimed and price grinding back above the 4050 intraday cap through the NY session. The bounce off 3959 paired with a higher RSI low marks bullish divergence, and momentum is now cycling up toward 60. Recovery is capped at the 4093 session high, just below the 4100 march low.
Support: 4,050.00, 4,000.00, 3,959.13
Resistance: 4,093.08, 4,100.00
What it said to watch
H1 close above 4100 march low extends the relief bounce toward prior structure
Loss of the 4050 intraday cap and the rising higher-low line reopens 4000 then the 3959 week low
Fed's Kashkari (~15:30 UTC) could shift the read on USD/yields driving this move
Next week's ADP and ISM Manufacturing are the high-impact catalysts for the hike-bet tone
Week-long lower-lows, basing off 3959 then recovering.
Gold sold off through the week from Monday's ~4210 open to a 7-month low at 3959 on Wednesday, then based and has ground back into the 50% retrace of that move near 4085. Price is holding above EMA20 since the recovery began with RSI(14) lifting back through 60; the bounce comes as the USD stalled post in-line PCE and a soft Michigan sentiment print. 4093 session high and the 4100 March low are now capping the advance.
Support: 4,050.00, 4,000.00, 3,959.00
Resistance: 4,093.00, 4,100.00
What it said to watch
H1 close above 4100 (march low) opens the path higher
Failure to hold 4050 then 4000 psych risks a retest of the 3959 week low
Fed's Kashkari speech (~15:30 UTC) could shift this read
Gold opened near 4204 Monday and sold off hard all week, breaking 4000 to a 7-month low at 3959 mid-week as front-end yields repriced on a hawkish-Fed read. Since the in-line PCE print, a relief bounce has reclaimed 4000 and pushed back above EMA20/EMA50, with RSI recovering off oversold into the low-60s. The latest leg stalled at 4078; 4100 — the prior March low — sits as first overhead resistance.
Support: 4,000.00, 3,959.13
Resistance: 4,078.00, 4,100.00
What it said to watch
Repeated rejection below 4078/4100 keeps the broader downtrend intact
Failure to hold 4000 reopens the 3959 week low
UoM Michigan sentiment 14:00 UTC plus Fed's Williams (14:30) and Kashkari (15:30) could shift this read
Gold has trended lower all week from Monday's ~4204 open, breaking the 4000 psych pivot mid-week to a 7-month low at 3959 as the high-for-longer USD repricing gutted the haven bid. A relief bounce off that base — helped by in-line May core PCE softening the dollar — has reclaimed 4050 and pushed price back above EMA20/50 near 4069, with RSI(14) recovering through 60. Rallies have repeatedly stalled below 4050–4100, keeping the broader downtrend structure intact.
Support: 4,000.00, 3,959.00
Resistance: 4,100.00, 4,135.00, 4,204.00
What it said to watch
Repeated rejections below 4100 (March low) keep the downtrend intact
Close above 4100 opens path back toward the 4135 swing high
Failure to hold 4000 psych pivot risks a retest of the 3959 week low
Michigan sentiment (14:00 UTC) and Fed's Williams/Kashkari speak could materially shift this read
Gold sold off relentlessly since Monday's open, slicing under 4000 to a 7-month low of 3959 mid-week before a recovery bounce reclaimed the 4050 area into the NY session. In-line core PCE eased the USD off yearly highs, giving room for this relief squeeze with RSI(14) cycling back toward 60. Price now sits above both EMAs but the broader week structure remains a series of lower highs, with the March low near 4100 the first overhead barrier.
Support: 4,050.00, 4,000.00, 3,959.00
Resistance: 4,100.00
What it said to watch
Michigan sentiment + inflation expectations at 14:00 UTC plus Williams/Kashkari Fed-speak could materially shift this read
Close above 4100 (march low) opens the path toward retesting it as resistance
Failure to hold 4000 psych reopens the 3959 week low
Gold accelerated lower through midweek, breaking under $4,000 to a 7-month low at 3959 before a relief bounce reclaimed toward 4060, helped by an in-line core PCE print and a USD slip from yearly highs. RSI(14) has cycled back above 50 and price is holding above EMA(20) into NY hours, but the 4050–4066 zone has capped rallies all week. The broader structure stays a sequence of lower highs and lower lows.
Support: 4,000.00, 3,959.00
Resistance: 4,066.00, 4,100.00
What it said to watch
Rejection below the 4050–4066 day high keeps the weekly downtrend intact
H1 close above 4100 (March low) would extend the relief squeeze
Loss of 4000 reopens the 3959 week low
Michigan sentiment (14:00) plus Williams (14:30) and Kashkari (15:30) could materially shift this read
Lower highs into 7-month low, now reclaiming above $4,000.
Gold opened the week near $4,197 and sold off steadily through the 200-DMA and below the $4,000 psych level to a seven-month low at 3959 as front-end yields rose and Fed-hike bets firmed; in-line core PCE did little to stem the slide. The last day has seen a recovery bounce reclaim $4,000 and push back to the 4055 area, twice matched lows near 3960 leaving a tentative double-bottom and RSI(14) lifting off oversold. Price now sits above the H1 EMA20/50 cluster, consolidating around 4044.
Support: 3,959.00
Resistance: 4,055.00, 4,100.00
What it said to watch
Michigan sentiment + UoM inflation expectations at 14:00 UTC and Fed speakers (Williams 14:30, Kashkari 15:30) could materially shift this read
H1 close above 4055 opens the path toward the 4100 march low
Failure to hold the $4,000 psych level reopens the 3959 week low
Gold spent the week in a rates-driven slide from Monday's 4215 area, breaking the 4000 psych pivot and 200-DMA before flushing to a 3959 seven-month low as hawkish Fed-hike repricing and sticky core PCE weighed. Since that low price has clawed back above 4000 and is now sitting at 4044, holding above a rising EMA20 with RSI cycling back toward the mid-50s. The descending sequence of lower highs at 4145, 4097 and 4055 still caps the recovery.
Support: 4,000.00, 3,959.00
Resistance: 4,055.00, 4,100.00
What it said to watch
Reclaim of 4055 session high needed to extend the rebound toward the 4097 lower high and 4100 March low
H1 close back below 4000 psych pivot reopens the 3959 week low
Michigan sentiment / UoM inflation expectations at 14:00 UTC and Fed speak could shift this read
Recovering off the week low, higher lows building.
The week's dominant move was the flush from the $4,215 high through $4,000 to the $3,959 seven-month low on hawkish Fed hike repricing. Since the twin lows near 3960, price has carved higher lows and reclaimed the EMA20, trading back near 4055 as the USD eased from yearly highs. RSI(14) has cycled up off oversold; the $4,090–4,100 march-low zone is the first overhead supply on this rebound.
Support: 4,000.00, 3,959.00
Resistance: 4,100.00
What it said to watch
H1 close above 4100 march-low zone opens the path back toward the prior range
Loss of 4000 psych and a break of the 3959 week low confirms a fresh lower-low
UoM inflation expectations / Michigan sentiment at 14:00 UTC plus Fed speakers could reset the read
Gold opened the week near 4190 and slid hard through the 4000 psych pivot to a 3959 seven-month low as hawkish Fed-hike repricing dominated, before basing and rebounding back above EMA20/EMA50 into the NY session. The in-line core PCE print capped the USD and sparked this recovery, with RSI lifting off oversold and lows since the 3959 base stepping higher. Price now presses the 4055 area, with the 4076 swing high the next overhead test.
Support: 4,000.00, 3,959.00
Resistance: 4,076.00, 4,100.00
What it said to watch
Michigan sentiment / inflation expectations at 14:00 UTC could re-energise the USD and the downtrend
Loss of 4000 psych re-opens the 3959 week low
H1 close above 4076 swing high opens the path toward the 4100 march low
Gold spent the week unwinding from 4214, losing the 4000 psych level for the first time since November and printing a 7-month low near 3959 as in-line core PCE cemented hawkish-Fed pricing. A double-bottom near 3959-3972 has fuelled a short-covering bounce that has reclaimed EMA20 and EMA50 and is now pressing into the 4054 session high and the broader 4036-4054 supply zone that capped Thursday's recovery. RSI has cycled back to the low-60s on the lift.
Support: 4,000.00, 3,959.00
Resistance: 4,054.00, 4,100.00
What it said to watch
Hourly close above 4054 opens the path back toward the 4100 march low
Failure to hold 4000 psych reopens the 3959 weekly low
UoM Michigan sentiment + inflation expectations 14:00 UTC and Fed's Williams/Kashkari could shift this read
09:03 UTC
Downtrend, bounce off lows · RSI 58 · price 4,030.05
Week low base, recovering toward range mid.
Gold sold off hard this week, breaking $4,000 to a 7-month low near 3959 before stabilising and clawing back through 4000 to probe 4030 into the NY/Asia transition. A double bottom around 3959-3962 has held, with in-line core PCE yesterday denying bears fresh fuel and prompting the relief bounce; price now sits back above EMA20 and EMA50. The 4044 swing high is the immediate cap, with 4100 (March low) the broader downtrend resistance.
Support: 4,000.00, 3,959.13
Resistance: 4,044.00, 4,100.00
What it said to watch
H1 close above 4044 opens the path toward the 4100 march low
Failure to hold 4000 reopens the 3959 week low
Michigan sentiment + Fed Williams/Kashkari (14:00-15:30 UTC) could materially shift this read
The week was defined by a clean downtrend that broke 4000 to a 7-month low near 3959 on Fed-hike repricing; an in-line core PCE print yesterday capped the USD and sparked a relief bounce back above 4000. Price is now consolidating around 4030, holding above EMA20 but pinned under EMA50, with the 4044 bounce high capping the recovery. RSI(14) has cycled back to the mid-50s from oversold lows.
Support: 4,000.00, 3,959.00
Resistance: 4,044.00, 4,100.00
What it said to watch
Reclaim of 4100 (march low) needed to neutralize the downtrend
Loss of 4000 psych then 3959 week low confirms a lower low toward 3930
Michigan sentiment / inflation expectations at 14:00 UTC plus Fed speakers could shift this read
Lower highs into a 7-month low, double bottom near 3959 with recovery.
Gold spent the week in a hawkish-Fed-driven downtrend, sliding from the 4215 high to a 7-month low at 3959 on Wednesday's >3% flush after sticky core PCE and a firmer GDP revision reinforced higher-for-longer. A double bottom near 3959/3963 has since fuelled a reclaim of the 4000 psych pivot, with price now consolidating around 4030 back above the H1 EMA20/EMA50. The 4044 bounce high capped the recovery and the broken trend below 4087 remains overhead resistance.
Support: 4,000.00, 3,959.00
Resistance: 4,044.00, 4,087.00
What it said to watch
Hold of the 4000 psych pivot vs a close back below 3959 confirming a fresh lower low
Reclaim above 4044 then 4087 needed to invalidate the lower-highs structure
Michigan Sentiment & UoM inflation expectations at 14:00 UTC plus Williams/Kashkari can materially shift this read
Based above 4000 after week low; descending highs intact.
Gold opened the week near 4180 and slid steadily to a 7-month low at 3960 on Wednesday as the hawkish-Fed repricing lifted DXY and front-end yields. In-line core PCE failed to add fresh downside fuel, and price has since reclaimed the 4000 psych pivot, twice based around 3960 and rebounding to a 4044 high before settling at 4030. RSI(14) has cycled back to the mid-50s and price holds above EMA(20) while EMA(50) overhead still caps the broader move.
Support: 4,000.00, 3,960.00
Resistance: 4,044.00, 4,100.00
What it said to watch
UoM inflation expectations at 14:00 UTC, plus Williams/Kashkari, could materially shift this read
Bounced off 7-month low, recovering toward mid-range.
Gold slid hard through the week from ~4215 to a 7-month low near 3959 on broad USD strength and Fed-hike repricing, then rebounded back above 4000 into the NY session as the dollar rally stalled on in-line Core PCE. Price now holds above EMA(20) but remains capped below EMA(50), with a double bottom near 3960 underpinning the relief bounce. RSI(14) has lifted off oversold into the low-50s as the decline pauses.
Support: 4,000.00, 3,959.13
Resistance: 4,044.12, 4,100.00
What it said to watch
UoM Michigan sentiment + Fed speakers Williams/Kashkari at 14:00 UTC could materially shift this read
Hourly close above 4044 swing high opens path toward the 4100 march low
Failure to hold 4000 psych reopens the 3959 week low
Gold sold off hard from 4215 through the week, breaking the 4000 psych pivot Wednesday and basing twice near 3959 — a double bottom — on broad USD strength and Fed-hike repricing. Price has since clawed back above 4000 with RSI lifting off oversold, but lower highs remain intact and the 4044 day high has capped the bounce. UoM Michigan sentiment and inflation expectations at 14:00 UTC plus Fed speakers Williams/Kashkari are the next risk for this read.
Support: 4,000.00, 3,959.13
Resistance: 4,044.12, 4,100.00
What it said to watch
H1 close above 4044 day high opens the path toward the 4100 march low
Loss of the 4000 psych pivot reopens the 3959 week low
UoM inflation expectations at 14:00 UTC could materially shift this read
Gold slid all week from the 4215 high through the 200-DMA, bottoming at the 7-month low near 3959 on Wednesday's high-volume capitulation bar before a stalling USD rally and an in-line Core PCE print sparked a relief bounce back above 4000. Price now sits below both EMA20 and EMA50, consolidating in the 4000-4044 band with RSI in the mid-40s. The recovery has so far been capped at the 4044 bounce high.
Support: 4,000.00, 3,959.13
Resistance: 4,044.00, 4,090.00
What it said to watch
H1 close above 4044 bounce high opens path toward 4090 prior support
Failure to hold 4000 psych pivot exposes the 3959 week low
UoM Michigan sentiment & inflation expectations at 14:00 UTC plus Fed's Williams/Kashkari could materially shift this read
Gold sold off hard through the week from ~4215 to a 3959 low on broad USD strength and Fed-hike repricing, then squeezed ~2% back above the 4000 pivot as the dollar rally stalled on in-line PCE. Price is now consolidating either side of 4000, capped near 4044 with RSI(14) recovering from oversold but holding below 50. Still beneath EMA50 — the bounce remains corrective within the larger H1 downtrend.
Support: 4,000.00, 3,959.13
Resistance: 4,044.12, 4,100.00
What it said to watch
Loss of the 4000 psych pivot reopens the 3959 week low
H1 close above 4044 bounce high exposes the 4100 march low
UoM Michigan sentiment + Fed Williams/Kashkari (14:00 UTC) could materially shift this read
Gold sold off hard through the week from above 4210 to a 7-month low near 3959, the debasement-trade unwind driving the metal under the 4000 psych level. An in-line core PCE print stemmed the bleed and sparked an oversold bounce to 4044, but price has since drifted back to retest 4000 and now sits below EMA(20). RSI(14) has recovered off extremes to mid-40s without confirming a higher high.
Support: 4,000.00, 3,959.13, 3,930.00
Resistance: 4,044.12, 4,100.00
What it said to watch
Hourly close back under 3959 reopens the downtrend toward the 3930 oct trough
Reclaim of the 4044 bounce high needed to extend relief toward the 4100 march low
UoM inflation expectations at 14:00 UTC is the gold catalyst and could shift this read
Lower highs into 3959 base, stabilizing above 4000.
Gold sold off hard from the 4200 area early in the week to a 7-month low near 3959, then carved a double-bottom base after May PCE landed in line, easing the hawkish-surprise risk that drove the debasement unwind. Price has reclaimed the 4000 psych level and is now pinned around EMA(20) with RSI(14) recovering off oversold toward neutral. The 4044 bounce high capped the rebound, and EMA(50) overhead keeps the broader structure pointed lower.
Support: 4,000.00, 3,959.00
Resistance: 4,044.00, 4,100.00
What it said to watch
UoM inflation expectations + Fed Williams/Kashkari at 14:00-15:30 UTC could shift this read
Loss of 4000 reopens a test of the 3959 week low
Close above 4044 bounce high targets the 4100 march low
Failure to hold 3959 confirms a fresh lower-low
04:03 UTC
Downtrend, stabilising near 4000 · RSI 46 · price 4,003.12
Lower highs into week low, bounce stalling.
Gold sold off through the week from Monday's ~4221 open, breaking the 4000 psych pivot to a 7-month low at 3959 on Fed rate-hike bets and a 13-month-high DXY. Price stabilised above 4000 after in-line PCE, but the recovery into the NY session yesterday stalled at 4044 and has since faded back toward the pivot, holding just under EMA20 and EMA50. RSI(14) has lifted off oversold into the mid-40s as the slide loses momentum.
Support: 4,000.00, 3,959.13
Resistance: 4,044.00, 4,100.00
What it said to watch
UoM inflation expectations (14:00 UTC) and Fed Williams/Kashkari (14:30/15:30 UTC) could materially shift this read
H1 close below 3959 confirms a lower low and reopens the 3930-3885 zone
Reclaim of 4044 needed to extend the bounce toward the 4100 march low
04:02 UTC
Downtrend, stabilising near 4000 · RSI 46 · price 4,003.12
Lower highs into 7-month low, basing above psych.
Gold slid from Monday's ~4220 open through the 4000 psych mark to a seven-month low near 3959 on hawkish Fed repricing and a 13-month-high DXY. In-line core PCE yesterday stabilised the metal, with the NY session bouncing back above 4000 but capping under 4044. RSI(14) has lifted off oversold while price still sits below EMA20 and EMA50.
Support: 3,959.00
Resistance: 4,044.00, 4,000.00, 4,100.00
What it said to watch
UoM inflation expectations (14:00 UTC) and Fed Williams/Kashkari could materially shift this read
H1 close back below 3959 confirms a fresh lower-low
Reclaim of 4044 needed to extend the recovery toward 4100
Gold has bled lower every session since Monday's ~4140 open, breaking the 4000 psych level into a 7-month low at 3959 as the USD held near 13-month highs and an in-line PCE failed to rescue bullion. Thursday's NY bounce stalled at 4044 and price is back below 4000, holding under both EMA(20) and EMA(50). RSI(14) lifted off oversold but the down-structure of lower highs remains intact.
Support: 3,959.13, 3,930.00
Resistance: 4,000.00, 4,044.00
What it said to watch
H1 close above 4044 prior high would break the lower-high sequence
Loss of 3959 week low opens the 3930-3885 october zone
UoM Michigan + Fed Williams/Kashkari at 14:00-15:30 UTC could shift this read
Gold has slid in a clean downtrend since Monday's open near 4220, breaking the 4000 psych mark this week as the USD pressed a 13-month high on Fed-hike repricing; the in-line PCE print failed to halt the drop. A short-cover bounce off the 3959 swing low stalled at the 4044 lower high during the NY session before sellers returned, leaving price back below 4000. RSI(14) sits in the low-40s — oversold conditions have eased but momentum stays below the midline.
Support: 3,959.13, 3,930.00
Resistance: 4,000.00, 4,044.00
What it said to watch
H1 close back above 4044 breaks the sequence of lower highs
Loss of 3959 opens the 3930 october zone
Fed's Williams/Kashkari speeches today could shift this read
02:02 UTC
Downtrend, bounce off lows · RSI 53 · price 4,020.38
Lower highs into a 7-mo low, early recovery.
The week's dominant move was a sustained downtrend that broke below the 4000 psych level to a 3962 seven-month low on Fed-hike repricing and a 13-month USD high; the in-line PCE print gave bullion no relief. Since that low gold has recovered toward the 4044 day high and is now consolidating near 4020, holding above EMA(20) with RSI lifting off oversold and showing a mild bullish divergence into the trough. The broader sequence of lower highs from 4220 remains intact.
Support: 4,000.00, 3,962.00
Resistance: 4,044.00, 4,090.00
What it said to watch
Hourly close above 4044 day high, then 4090 swing high, needed to challenge the lower-highs structure
Failure to hold the 4000 psych level reopens the 3962 week low
UoM Michigan sentiment 14:00 UTC and Fed Williams/Kashkari speeches could materially shift this read
02:02 UTC
Downtrend, bounce off lows · RSI 53 · price 4,020.38
Lower highs into 7-month low, corrective rebound.
Gold sold off all week in a violent unwind of the debasement trade, slicing below 4000 to a 7-month low near 3959 before short-covering lifted price back toward 4044. The rebound off the low printed a higher RSI low against the lower price low, and the recovery has reclaimed EMA(20) while EMA(50) still caps overhead. Price now consolidates in a tight 4015-4044 band after the bounce, with the broader sequence of lower highs still intact.
Support: 4,000.00, 3,959.13, 3,930.00
Resistance: 4,044.12, 4,100.00
What it said to watch
Hourly close above 4044 opens room toward the 4100 march low
Failure to hold 4000 reopens the 3959 week low and 3930 october support
UoM Michigan sentiment and Fed speakers (14:00-15:30 UTC) could materially shift this read
Lower highs into 7-mo low, recovering off the base.
Gold slid all week, breaking below $4,000 to a 7-month low near $3,959 as the USD hit a 13-month high; an in-line PCE print failed to lift bullion. Since that low buyers have stepped in twice around the $3,960–3,985 base, with price clawing back to $4,025 and retesting the broken $4,000 round number while RSI(14) lifts off oversold. The descending lower-high line off Monday's $4,221 still caps rallies.
Support: 3,985.00, 3,959.00
Resistance: 4,044.00, 4,100.00
What it said to watch
H1 close above 4044 would extend the recovery toward the 4100 march low
Failure to hold 3985 reopens the 3959 swing low
Fed's Williams/Kashkari and UoM inflation expectations (14:00 UTC) could shift this read
Lower highs/lows, reclaim of 4000 after sweep of week low.
Gold slid all week from Monday's 4156 open, breaking below 4000 into Thursday's NY session to a 7-month low at 3959 as the USD hit a 13-month high and the debasement trade unwound. Price has since reclaimed 4000 and is consolidating near 4025, with RSI lifting off oversold and pullbacks holding the bounce higher-lows. The 4044 day high has capped the recovery so far.
Support: 3,985.00, 3,959.00
Resistance: 4,044.00, 4,100.00, 4,156.00
What it said to watch
H1 close above 4044 day high opens the path to 4100 march low resistance
Failure to hold 3985 psych reopens the 3959 week low
UoM Michigan sentiment/inflation expectations at 14:00 UTC plus Fed speakers could shift this read
Lower highs and lower lows; short-cover bounce off 7-month low.
Gold has trended lower since Monday, breaking below the 4000 psych level into a 7-month low near 3959, with the slide accelerating through the prior NY sessions. In-line US PCE and a 13-month-high USD offered no relief, but a short-cover bounce lifted price back toward 4044 before stalling. It is now retracing toward 4000, hovering just above EMA(20) while RSI(14) recovers off oversold.
Support: 4,000.00, 3,959.13, 3,930.00
Resistance: 4,044.00
What it said to watch
Hourly close back below 4000 psych reopens 3959 week low and the 3930 oct support
Reclaim of the 4044 swing high needed to challenge the descending lower-highs line
UoM Michigan sentiment + Fed speak (Fri 14:00 UTC) could shift this read sharply
00:02 UTC
Downtrend, bouncing off lows · RSI 51 · price 4,018.34
Lower highs into 7-month low, near-term recovery.
Downtrend dominated the week, gold sliding from Monday's 4151 open and breaking below 4000 to a 7-month low near 3959 as Fed hike bets and a 13-month-high USD unwound the debasement trade; in-line PCE offered no relief. Buyers stepped in twice around 3960-3985, fuelling a recovery back to 4044 before price eased to 4018, now holding above a rising EMA20. RSI has cycled back to the midline off oversold while price carved a higher low — a bullish divergence against the steep down-leg.
Support: 4,000.00, 3,985.00, 3,959.13
Resistance: 4,044.12, 4,100.00
What it said to watch
Hourly close below 3959 confirms a fresh lower low and resumes the downtrend
Reclaim of 4044 opens the path back toward the 4100 March-low resistance
Loss of 4000 psych re-exposes the 3985 October trough
UoM Michigan sentiment + inflation expectations Fri 14:00 UTC, plus Fed's Williams/Kashkari, could shift this read