XAU/USD AI Live Scan, 4-hour chart, Friday, 29 May 2026
Every read JAFX AI made on the XAU/USD 4-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
17:01 UTC
Downtrend, attempting base · RSI 53 · price 4,568.64
Lower highs from 4773 peak, basing near 4400.
Gold rolled over from the 4773 peak two weeks ago into a lower-high sequence, with the recent flush to 4366 marking the cycle low before a sharp recovery. Price is now carving what looks like a double bottom against the 4400 range low, with the current bar pushing back through EMA20 and printing a 4595 session high on Trump's Hormuz blockade-lift headline. EMA50 still caps overhead and the broader structure remains corrective until the supply zone near 4720 is reclaimed.
Support: 4,480.00, 4,400.00
Resistance: 4,595.00, 4,640.00, 4,720.00
What it said to watch
H4 close above 4640 prior pivot would neutralise the lower-high sequence
Loss of 4480 swing low reopens the 4400 range low and invalidates the double bottom
Further Iran de-escalation headlines could materially shift the safe-haven read
Gold has been in a sustained downtrend off the 4773 peak, printing successive lower highs and a fresh swing low at 4366 before a sharp recovery back to 4536. Price is now testing the upper edge of a falling wedge with bullish RSI divergence into the low, but the ema50 near 4570 caps the rebound. The structure remains corrective until a reclaim of the 4625 prior pivot.
Support: 4,480.00
Resistance: 4,570.00, 4,625.00
What it said to watch
H4 close above 4570 ema50 challenges the downtrend read
Loss of 4480 swing low reopens the path to 4366
Reclaim of 4625 prior pivot would mark a structural higher high
US-Iran headline risk could materially shift this read
09:01 UTC
Downtrend, attempting base · RSI 44 · price 4,524.59
Lower highs from 4773 peak, base forming above 4366.
Gold rolled over from the 4773 swing high into a lower-high sequence, bottoming near 4366 before a sharp recovery candle reclaimed 4500. Price is now pressing the EMA20 cluster around 4545 with a tentative double bottom in place against the 4427 swing low. ATR remains elevated, reflecting the wide impulsive candles of the past week rather than compression.
Support: 4,490.00, 4,427.00
Resistance: 4,545.00, 4,580.00
What it said to watch
H4 close above 4580 prior pivot would break the lower-high sequence
Failure at the ema20 and loss of 4490 session low reopens 4427 swing low
Break of 4366 range low confirms downtrend continuation
Gold has carved a clear sequence of lower highs and lower lows since the 4773 peak three weeks ago, with the leg into 4366.50 marking the deepest flush. The rebound off that range floor has reclaimed the EMA20 and printed bullish RSI divergence into the low, but price stalls under the 4520 intraday cap with the EMA50 near 4570 still overhead. ATR(14) near 4180 pips shows the volatility regime remains elevated after the recent sell-off.
Support: 4,480.00, 4,427.00, 4,366.50
Resistance: 4,520.00, 4,570.00
What it said to watch
H4 close above 4570 (ema50) would break the lower-high sequence
Loss of 4480 swing low reopens 4427 recent low and 4366.50 range floor
Iran/US headline risk and pending Japan MOF intervention data could materially shift this read
Lower highs and lower lows since mid-window peak, with a deep flush and aggressive recovery off 4366.
Gold has carved a clear sequence of lower highs from the 4773 peak, with a double top around 4750-4770 giving way to a sharp leg down that swept the prior swing low and printed a flush to 4366. Price snapped back to 4516 after the reported US-Iran ceasefire outline but has stalled below the EMA20 near 4570, leaving the broader H4 structure bearish despite the strong recovery candle.
Support: 4,480.00
Resistance: 4,570.00
What it said to watch
H4 close back above 4570 ema20 would neutralise the lower-high sequence
Failure to hold 4480 prior pivot reopens the 4366 flush low
Headline risk around Iran/Hormuz remains elevated and can override structure on the next bar