Gold: RSI, real-yield correlation and 52-week range

On 2026-07-20, Gold closed at 4010.3 USD/oz, down 0.52% on the day. It trades at 32.1% of its 52-week range. Its RSI(14) of 39.96 is in the 14th percentile of its history since 2000, and its 20-day return of -2.90% in the 19th percentile. It is trading below its 20-, 50- and 200-day moving averages. Its 20/50/200-day moving averages are 4062.07 / 4280.1 / 4457.3 USD/oz, with price -1.27% / -6.30% / -10.03% against them. Its 52-week range is 3263.9–5586.2 USD/oz; it closed 28.21% below the high and 22.87% above the low. Its 20-day volatility is 1.318% daily, in the 76th percentile of its history since 2000. Its 14-day average true range (ATR) is 74.27 USD/oz, 1.85% of price. It has returned -1.25% over 5 days and -15.08% over 60 days.

=== GOLD  (USD/oz) ===
  price & change   (as of 2026-07-20, prior 2026-07-19)
    close       4010.30
    change      -21.00  (-0.521%)
  range            (as of 2026-07-20)
    range       16.20
    close pos   46.9% of range
  moving averages  (as of 2026-07-20)
     20d MA     4062.07   price below by -1.27%
     50d MA     4280.10   price below by -6.30%
    200d MA     4457.30   price below by -10.03%
    price < all MAs
    stack: 200d > 50d > 20d
  volatility       (as of 2026-07-20)
    20d stdev   1.318% daily ≈ 20.9% annualized (×√252)   (76th pct of own history, since 2000 (5663 obs))
    vs easing-2024 avg  0.94× (1.318% vs 1.408% era avg)
  ATR              (as of 2026-07-20)
    ATR(14)    74.27
    ATR%        1.85%   (88th pct of own history, since 2000 (5669 obs))
    range/ATR   21.8%
  52-week range    (as of 2026-07-20)
    high        5586.20   (-28.21% from high)
    low         3263.90   (+22.87% from low)
  momentum         (as of 2026-07-20)
    RSI(14)     39.96   (14th pct of own history, since 2000 (5669 obs))
  returns          (as of 2026-07-20)
     5d return  -1.25%
    20d return  -2.90%
    60d return  -15.08%
  volatility by rate-era
    pre-crisis       1.3878%   (from 2000-08-31)
    ZIRP-2009        1.1796%
    tightening-2015  0.8388%
    ZIRP-2019        1.0750%
    tightening-2022  0.9428%
    easing-2024      1.4084%
  real-yield sensitivity (gold weekly returns vs weekly Δ in 10Y TIPS real yield, DFII10)  (as of 2026-07-17)
    vs real yield (Δ) -0.49 (26w)
    vs real yield (Δ) -0.47 (52w)