Gold is staging a tentative intraday recovery near the classic pivot, but a four-week losing streak, a bearish daily MACD, and a deeply depressed daily RSI confirm the primary structural trend is down; any long-biased setup must treat this as a counter-trend attempt inside a dominant downtrend, with the session's ISM Manufacturing PMI and geopolitical news-flow acting as binary catalysts.
Edition 2026-06-29 · prediction window to Mon 29 Jun 2026 21:00 UTC (22:00 BST)
Catalyst: Active and binary: ISM Manufacturing PMI due at 10:00 ET (15:00 UTC) today; Iran 60-day ceasefire MOU under active negotiation with confirmed violations as recently as 26 June; Fed rate path (three hikes priced by market) as persistent structural headwind; Non-Farm Payrolls due Thursday 2 July (holiday-shortened week).
Data: yahoo
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