19:01 UTC
Parabolic uptrend, sharp correction underway · RSI 67 · price 4,533.65
Blow-off top followed by lower-high, retesting broken resistance.
Gold remains in a powerful multi-quarter uptrend that accelerated into a blow-off at 5598 before printing a sharp weekly rejection. Price has since carved a lower high near 4800 and is now retesting the 4500 area, with the prior breakout base at 3700 and the 4100 prior high as the macro support shelf. EMA(50) on W1 sits well below price and continues to rise — the broader regime is intact, but the parabolic phase has clearly stalled.
Support: 4,100.00, 3,700.00
Resistance: 4,800.00, 5,280.00, 5,598.00
What it said to watch
- Weekly close below 4100 prior high would confirm a deeper mean-reversion toward 3700 breakout base
- Reclaim and weekly close above 4800 lower high reopens the path back toward 5280 swing high
- Bearish RSI divergence at the 5598 all-time high remains the dominant structural signal