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.
21:05 UTC
Downtrend from April peak, now basing · RSI 47 · price 4,071.90
Range within a larger down leg; 4000-4200 band.
Gold has been in a downtrend since the early-April peak near 4890, shedding roughly 19% into the mid-June low at 3959. Since then price has settled into a 4000-4200 band around the 21-day SMA, holding below EMA(50) on D1 with a mild downside lean. Trade is offered sub-4100, pinned near 4070 into Wednesday's FOMC as the dominant catalyst.
Support: 4,000.00, 3,959.00
Resistance: 4,100.00, 4,200.00
What it said to watch
- FOMC Wed 18:00 UTC + core PCE Thu are the range breakpoints for this read
- Daily close below 4000 confirms a lower-low toward the 3959 swing low
- Daily close above 4200 invalidates the range read
21:04 UTC
Downtrend easing into range · RSI 46 · price 4,071.90
Rangebound 4000-4200 below falling EMA50.
Multi-month downtrend off the April peak near 4890, with price capped under a falling EMA50 since the early-June break lower to 3960. Since mid-June price has stabilised into a 4000-4200 band around the 21-day SMA, offered under the 4070-4100 shelf. Gold is trading the oil/yields channel with a mild downside lean into Wednesday's FOMC.
Support: 4,000.00, 3,960.00
Resistance: 4,100.00, 4,200.00
What it said to watch
- D1 close below 4000 key support opens the path to the 3960 swing low
- Reclaim above 4200 range top would break the consolidation higher
- FOMC Wed 29 Jul 18:00 UTC is the dominant catalyst for this range