21:04 UTC
Downtrend, stretched/oversold · RSI 33 · price 4,013.90
Lower highs and lower lows, at 7-month lows.
Persistent downtrend; gold has shed roughly 14% over the quarter on hawkish Fed repricing and lost the $4,000 psych handle, now pinned at 7-month lows. Price sits well below a falling EMA(50), with each weekly cycle since the April high near $4,889 printing a fresh lower low. RSI is oversold and a bullish divergence is forming against the $3,959 low, but no structural reversal is confirmed.
Support: 3,941.00, 3,885.00
Resistance: 4,060.00
What it said to watch
- Daily close below 3941 ytd low opens the 3930/3885 support zone
- Reclaim of the 4060 pivot would challenge the lower-high chain
- ADP/Warsh Jul 1 and Thu NFP Jul 2 could materially shift this read