XAUUSD | Daily Technical Outlook
Market Structure
XAUUSD remains within a strong broader bullish structure on the daily timeframe, maintaining a sequence of higher highs and higher lows. After the sharp impulsive rally toward the 5,550 regions earlier in the month, price entered a corrective consolidation phase.
On the H4 and H1 timeframes, XAUUSD has gradually regained upside momentum, climbing back above the 5,000 psychological level. The recent price action shows higher intraday lows forming, indicating that buyers are attempting to reassert control following the previous pullback. Moving averages are beginning to realign bullishly on lower timeframes, supporting short-term upside pressure.
Key Resistance Zone
The nearest resistance stands at 5,040 – 5,080, where price is currently testing prior intraday supply.
Additional resistance levels:
- 5,120 – 5,150
- 5,250 – 5,300 (major structural resistance)
As long as gold holds above 5,000, upside attempts remain technically supported.
Key Support Zone
Immediate support is located at 4,980 – 5,000, a key psychological and structural area.
A breakdown below 4,980 would expose deeper downside targets:
- 4,920
- 4,850 – 4,870 (strong H4 support zone)
A sustained move below 4,850 would signal a broader corrective phase within the daily uptrend.
Expectations
Bullish Scenario (Primary)
Momentum favors continued upside while price remains above 5,000.
A confirmed break above 5,080 could open the path toward 5,120 and potentially 5,250.
Bearish Scenario (Alternative)
Failure to hold above 5,000 would weaken short-term bullish momentum.
A break below 4,980 may trigger a pullback toward 4,920 and possibly 4,850.
Outlook
Gold is stabilizing above the 5,000 psychological level after a corrective phase, with buyers gradually regaining momentum on lower timeframes. The broader trend remains bullish unless price decisively breaks below 4,980, while a move above 5,080 could trigger renewed upside expansion toward higher resistance zones.
