Gold sold off hard from Monday's 4191 open through the week to a 3960-3983 floor, then based and clawed a corrective bounce back above 4000 into a 4090 bounce high — in line with the soft post-PCE USD easing. The weekend reopen gapped lower and faded to 4053 before settling at 4066, leaving price in the lower half of the recovery and still well below the prior 4118 high. Trend on this window remains down with the bounce corrective.
Support: 4,053.36, 4,000.00, 3,983.00
Resistance: 4,090.00, 4,118.00
What it said to watch
Loss of 4053 recent low reopens the 4000 psych and 3960-3983 week-low floor
H1 close above 4090 bounce high needed to extend toward the broken 4100/4118 prior-high zone
ADP and ISM Manufacturing (Wed Jul 1) could materially shift this read
Gold sold off through the week from 4198 to a 3960-area floor before in-line PCE eased the USD and trimmed yields, sparking a corrective bounce back above 4050 into the 4090s. Price has reclaimed both EMA20 and EMA50 with RSI cycling up from oversold, and a double base near 3960-3983 is holding. Session high resistance at 4093 caps the latest push, with the broken 4100 zone above.
Support: 4,000.00, 3,960.00
Resistance: 4,093.00, 4,100.00, 4,050.00
What it said to watch
Close back below 4000 reasserts the weekly downtrend toward the 3960 floor
H1 close above 4100 reclaims the broken zone and extends the recovery
ADP and ISM Manufacturing (Wed) could revive USD bid and pressure this bounce
Gold opened the week near 4190 and sold off hard through 4000 to a 3959 floor as a strong-USD, hawkish-Fed regime dominated; a double bottom around 3960 has since framed a recovery. In-line PCE late week eased the dollar and yields, lifting price back toward 4090 and above EMA20, but the bounce is corrective — it has retraced just over half the weekly drop. The 4096-4100 broken zone now caps, having held the latest push.
Support: 4,064.00, 4,000.00, 3,960.00
Resistance: 4,096.00, 4,100.00, 4,144.00
What it said to watch
H1 close above 4100 opens the path back toward the 4144 prior swing
Loss of 4064 then 4000 reasserts the weekly downtrend toward the 3960 floor
ADP and ISM Manufacturing (Wed) plus Warsh speech are the decisive catalysts for whether the base holds