21:04 UTC
Downtrend, relief bounce underway · RSI 53 · price 4,087.89
Lower highs / lower lows, basing above 3960.
Gold has been in a clear H4 downtrend since the early-month break from 4553, sliding below the 4000 psych level to a 3960-3983 floor where price printed a double bottom. Soft Michigan sentiment and in-line PCE fuelled a relief bounce that now probes the broken 4100 zone, with price back above EMA20 but still capped under EMA50 near 4140. ATR(14) remains elevated, keeping swings wide as the market bases.
Support: 4,000.00, 3,960.00, 3,900.00
Resistance: 4,100.00, 4,140.00
What it said to watch
- H4 close above 4100 broken zone opens path to the EMA50 near 4140
- Loss of the 3960 recent low reasserts the downtrend toward 3900 lt support
- ADP + ISM Manufacturing Wed could materially shift this read