21:01 UTC
Downtrend, near range lows · RSI 38 · price 4,450.75
Lower highs since the late-Jan blow-off, basing around 4450.
Gold has been carving lower highs since the late-January blow-off near 5598, with each rally rejected — 5419, 5249, 4889, 4764 — and price now grinding back toward the 4401 swing low. Both EMA(20) and EMA(50) sit overhead and are sloping down, confirming the swing-trend remains lower. The US-Iran ceasefire MOU headlines this week have weighed on the haven bid, dragging spot to the lower end of the multi-week 4400–4750 range.
Support: 4,099.08
Resistance: 4,580.00, 4,889.10
What it said to watch
- Daily close below 4401 swing low confirms a lower-low and opens the range floor near 4099
- Reclaim of 4580 weekly pivot would neutralise the lower-highs sequence
- Final Trump approval of the US-Iran MOU could extend the haven unwind