XAUUSD | Daily Technical Outlook
Market Structure
XAUUSD remains within a broader bullish structure, maintaining higher highs and higher lows on the higher timeframe despite recent volatility. After the sharp rejection from the recent peak, price found support and resumed its upward trajectory.
The latest move shows consolidation just below a key resistance area near 5,175–5,200, following a strong bullish impulse. While short-term momentum has cooled, the structure continues to favor buyers as long as price holds above the most recent higher low zone.
Overall, gold is stabilizing beneath resistance while maintaining underlying bullish pressure.
Key Resistance Zone
The nearest resistance stands at 5,175–5,200, a zone where price recently faced rejection.
A sustained break above this area would expose:
• 5,230–5,260
• 5,300 (next psychological and structural resistance)
As long as price remains below 5,200, short-term consolidation may persist.
Key Support Zone
Immediate support lies at 5,140–5,150, aligning with recent consolidation lows.
A breakdown below this level would expose:
• 5,080–5,100 (key higher low region)
• 4,850–4,900 (major structural support)
Holding above 5,100 keeps the broader bullish structure intact.
Expectations
Bullish Scenario (Primary)
As long as gold trades above 5,100, upside continuation remains favored.
A confirmed break above 5,200 could trigger a fresh expansion toward 5,230 and potentially 5,260–5,300.
Bearish Scenario (Alternative)
Failure to reclaim 5,200 followed by a break below 5,140 would signal weakening momentum.
A move below 5,100 would shift the short-term bias toward a deeper corrective retracement.
Outlook
Gold remains structurally bullish, consolidating beneath key resistance after a strong upward leg. The broader trend favors continuation higher, but a decisive break above 5,200 is required to unlock further upside.
A loss of 5,100 would be the first signal of a broader corrective phase.
