XAUUSD | Technical Outlook
Market Structure
XAUUSD is maintaining strong bullish momentum across all timeframes after successfully stabilizing above the recent correction lows. The sharp recovery from the late-January selloff has transitioned into a steady upward structure, with price now breaking above the $5,110 area and printing fresh short-term highs.
On the daily timeframe, the broader trend remains clearly bullish, with higher highs and higher lows intact. The recent pullback was absorbed above key structural support, and buyers have regained control. On H4 and H1, price is trending higher with moving averages aligned to the upside, confirming continued bullish pressure in the near term.
Key Resistance Zone
The immediate resistance is located at $5,115 – $5,130, where price is currently testing recent highs.
Additional resistance levels:
- $5,200
- $5,300 – $5,350 (major daily expansion zone)
A sustained break above $5,130 would confirm bullish continuation toward higher psychological levels.
Key Support Zone
Immediate support stands at $5,070 – $5,080, aligning with recent intraday structure and short-term moving averages.
Below that, stronger support levels are located at:
- $5,000 – $5,020
- $4,850 – $4,900 (major H4 structural demand zone)
A breakdown below $5,000 would weaken short-term bullish momentum and open the door for a deeper corrective move.
Expectations
Bullish Scenario (Primary)
As long as Gold holds above $5,070 and especially above $5,000, the structure favors continued upside.
A confirmed break above $5,130 could accelerate the move toward $5,200, with potential extension toward $5,300.
Bearish Scenario (Alternative)
Failure to hold above $5,070 could trigger a pullback toward $5,000.
A decisive break below $5,000 would shift short-term momentum to bearish, exposing $4,900 as the next downside target.
Outlook
Gold remains structurally bullish across higher timeframes, with buyers in control after reclaiming the $5,100 region. The overall trend favors further upside as long as price holds above $5,000, while only a sustained breakdown below that level would signal a deeper corrective phase.
