XAUUSD | Daily Technical Outlook
Market Structure
XAUUSD remains in a broader bullish structure on the higher timeframes, but recent price action shows a corrective pullback from the highs. After failing to sustain momentum above the recent peak, XAUUSD has shifted into a consolidation phase, with sellers capping upside attempts while buyers defend a key demand area.
The pullback appears corrective rather than impulsive, suggesting the dominant uptrend is pausing rather than reversing.
Key Resistance Zone
Immediate resistance is defined by the recent lower high and the descending short-term structure:
- $4,460 – $4,480 (near-term supply and intraday rejection zone)
- $4,500 (psychological and structural resistance)
As long as price remains below $4,480–$4,500, upside moves are likely to be corrective.
Key Support Zone
Buyers are currently defending an important support band:
- $4,430 – $4,440 (current consolidation base)
A clean break below $4,430 would expose deeper downside levels:
- $4,400
- $4,360 – $4,380 (major higher-timeframe demand)
This zone is critical for maintaining the broader bullish structure.
Expectations
Bearish Scenario (Short-Term / Corrective)
If price fails to reclaim $4,480, selling pressure may persist toward $4,400 and potentially $4,360, completing a deeper correction within the uptrend.
Bullish Scenario (Primary Structure)
Holding above $4,430 followed by a reclaim of $4,480 would signal renewed bullish strength, opening the door for a move back toward:
- $4,500
- $4,540 – $4,560 (prior high and continuation target)
Outlook
Gold remains structurally bullish on higher timeframes, but short-term momentum is neutral-to-bearish while price consolidates below resistance. A sustained hold above $4,430 keeps the bullish outlook intact, while a break below this level would signal a deeper corrective phase before buyers may reassert control.
