XAUUSD | Daily Technical Outlook
Market Structure
XAUUSD remains in a broader bullish structure on the daily timeframe, supported by a series of higher highs and higher lows. However, short-term price action shows signs of consolidation after the recent advance, with momentum slowing as price trades sideways below recent highs. The market is currently in a corrective phase within the dominant uptrend, with buyers and sellers temporarily balanced.
On lower timeframes, price action is choppy, reflecting hesitation near a key supply area. While pullbacks remain controlled, bullish momentum has weakened compared to the previous impulsive leg.
Key Resistance Zone
Upside progress is capped by a well-defined resistance region:
- $4,480 – $4,500 (near-term supply and recent rejection area)
• $4,520 – $4,550 (major daily resistance and upside extension zone)
Sustained acceptance above $4,500 would be required to resume the broader bullish continuation.
Key Support Zone
Gold is currently holding above an important demand area:
- $4,440 – $4,460 (short-term structure support and pullback base)
A decisive break below $4,440 would expose deeper downside levels:
- $4,400
• $4,350 – $4,320 (key daily demand and trend-defining support)
This lower zone is critical for maintaining the broader bullish structure.
Expectations
Bullish Scenario (Primary)
If price continues to hold above $4,440 and buyers defend pullbacks; Gold may attempt another push toward $4,500. A clean breakout above $4,520 would likely open the door for trend continuation toward new highs.
Bearish Scenario (Alternative)
Failure to hold $4,440 would signal a deeper corrective move. A break below $4,400 could accelerate downside pressure toward the $4,350–$4,320 support zone before stronger buyers re-emerge.
Outlook
Gold remains structurally bullish on the daily timeframe, but short-term momentum is neutral to slightly corrective. As long as price holds above the $4,440 support zone, the broader upside bias remains intact. A confirmed break above $4,500 would strengthen bullish continuation, while a loss of current support would suggest a deeper pullback within the larger uptrend.
