XAUUSD | Daily Technical Outlook
Market Structure
Gold begins the new trading day with a modest bullish tone at $4,225, following yesterday’s recovery from the $4,180 support area.
However, despite the recent push upward, the overall structure shows hesitation just below a key resistance zone, signaling early signs of momentum exhaustion.
On lower timeframes, price action reveals consolidation after the rally, suggesting buyers are losing the strength needed for a decisive breakout.
Unless the market can generate sustained bullish pressure above current levels, XAUUSD risks slipping back into a corrective phase.
Key Resistance Zone
XAUUSD is currently testing a major resistance zone at $4,230 – $4,245, an area that has repeatedly capped bullish attempts over the past sessions.
Additional resistance levels:
- $4,260
- $4,285
- $4,320 (major structural barrier)
As long as gold trades below $4,245, bullish momentum remains fragile and vulnerable to reversal.
Key Support Zone
Immediate support sits at $4,200 – $4,210, where recent intraday buying has emerged.
If this zone fails, gold may extend its pullback toward:
- $4,180 (short-term support)
- $4,155
- $4,120 – $4,130 (major bearish continuation zone)
A confirmed break below $4,120 would shift gold back into a broader downside corrective structure.
Expectations
Bearish Scenario (Primary)
XAUUSD remains vulnerable while failing to break above $4,245.
If price slips below $4,200, expect sellers to gain control with downside targets at:
- $4,180
- $4,155
- Potential extension toward $4,130
A deeper decline could re-test the $4,120 zone.
Bullish Scenario (Alternative)
A clean breakout above $4,245 would signal renewed bullish strength.
Upside targets in this scenario include:
- $4,260
- $4,285
- $4,320 (trend continuation target)
However, until $4,245 is cleared decisively, upward movement remains corrective rather than impulsive.
Outlook
Gold enters the new day holding above support but struggling at a key resistance zone.
Momentum appears to be slowing, leaving the metal at risk of a pullback unless buyers’ step in aggressively above $4,245.
A breakdown below $4,200 would likely re-ignite bearish pressure toward deeper support levels.
