XAUUSD Technical Analysis
Market Structure Overview
XAUUSD remains in a strong bullish trend across all higher timeframes. The Daily and H4 charts show a clear sequence of higher highs and higher lows, confirming sustained bullish control. Recent price action reflects a trend continuation phase, not exhaustion.
Shorter timeframes (M15 & H1) indicate a controlled pullback and consolidation after a sharp bullish leg, which is typical behavior within a healthy uptrend.
Higher Timeframe Bias (Daily & H4)
- Daily Trend: Strongly bullish
- Price is trading well above key moving averages
- No major bearish structure break
- Momentum remains positive despite minor pauses
- H4 Structure: Bullish continuation
- Price is respecting dynamic support (moving averages)
- Recent consolidation appears corrective, not reversal-driven
- Buyers remain in control above prior breakout zones
Overall Higher Timeframe Bias: Bullish
Key Resistance Levels
- $4,495 – $4,505
- Recent high / supply reaction area
- $4,530 – $4,550
- Psychological and extension target if momentum resumes
A clean breakout and hold above $4,505 would likely open the door for continuation toward the upper resistance zone.
Key Support Levels
- $4,470 – $4,455
- Short-term pullback support
- Previous consolidation zone
- $4,420 – $4,400
- Strong H4 demand and trend support
- $4,360 – $4,340
- Major bullish structure support (trend invalidation level)
As long as price holds above $4,420, the bullish structure remains intact.
Expectations
Bullish Scenario (Preferred)
- Holding above $4,470 and reclaiming $4,505
- Continuation targets:
- $4,530
- $4,550
Bearish / Pullback Scenario
- Failure below $4,455
- Deeper correction toward:
- $4,420
- $4,400
- This would still be considered a pullback within an uptrend, not a trend reversal unless $4,340 breaks.
Overall Outlook
Gold remains technically strong and bullish, with current price action suggesting consolidation before potential continuation. Buyers continue to defend higher support zones, and no bearish reversal signals are present on higher timeframes.
Until a clear break below major support occurs, pullbacks are considered buying opportunities within the broader uptrend.
