XAUUSD | Technical Outlook
Market Structure
Gold is trading under renewed bearish pressure after failing to sustain its previous recovery phase. The recent sell-off from the upper resistance area has shifted market structure to the downside, with price breaking below short-term support and confirming a corrective bearish leg within the broader uptrend.
Selling momentum accelerated sharply, pushing XAUUSD toward the $4,275 – $4,300 area, where price is currently attempting to stabilize after the impulsive decline.
Key Resistance Zone
The nearest resistance is now located at $4,335 – $4,360, a zone formed by the recent breakdown and moving average convergence. Any upside retracement is likely to face selling pressure in this area.
Additional resistance levels:
• $4,390
• $4,425 – $4,450 (major bearish rejection zone)
As long as gold remains below $4,360, bearish control remains intact.
Key Support Zone
Immediate support is found around $4,275 – $4,300, where buyers are currently attempting to defend price.
A confirmed breakdown below $4,275 would expose lower downside targets:
• $4,230
• $4,180 – $4,200 (major structural support)
Failure to hold above $4,200 would signal a deeper corrective phase.
Expectations
Bearish Scenario (Primary)
The dominant momentum favors further downside as long as price stays below $4,360.
A break below $4,275 could accelerate selling toward $4,230, with extension risk toward $4,200.
Bullish Scenario (Alternative)
A recovery above $4,360 would indicate short-term stabilization, opening the door toward:
• $4,390
• $4,425 – $4,450, a critical level that must be reclaimed to weaken bearish pressure
Until then, upside moves are likely to remain corrective.
Outlook
Gold is under short-term downside pressure following a sharp rejection from recent highs. While the broader trend remains constructive, the current structure favors further correction unless price reclaims $4,360. A breakdown below $4,275 would increase the risk of a deeper pullback toward key lower support zones.
