XAUUSD | Daily Technical Outlook
Market Structure
XAUUSD remains in a broader bullish structure on the daily timeframe, maintaining higher highs and higher lows despite recent volatility. After the sharp rejection from the recent spike high, price corrected aggressively but quickly found demand and stabilized above key medium-term support.
On the lower timeframes, momentum has cooled, with price consolidating near the 5,170–5,180 region. However, the overall structure remains constructive as long as gold holds above the latest higher low on the daily chart.
Key Resistance Zone
The immediate resistance stands at 5,200 – 5,230, a short-term supply zone formed after the recent rejection.
Additional resistance levels:
- 5,260 – 5,280 (recent swing high area)
- 5,320 – 5,350 (major rejection zone on the daily timeframe)
A sustained break above 5,230 would likely re-open the path toward retesting the recent highs.
Key Support Zone
Immediate support lies around 5,150 – 5,160, where price has repeatedly stabilized intraday.
Below that, stronger structural support is located at:
- 5,080 – 5,100 (H4 demand zone)
- 5,000 – 5,020 (major psychological and structural support)
A break below 5,080 would shift short-term momentum bearish and increase the probability of a deeper pullback.
Expectations
Bullish Scenario (Primary
As long as gold holds above 5,150, buyers remain in control of the broader structure.
A breakout above 5,230 could trigger upside continuation toward
- 5,260
- 5,320
Bearish Scenario (Alternative)
Failure to hold 5,150 would expose 5,100 initially.
A sustained move below 5,080 could accelerate selling pressure toward 5,000.
Outlook
Gold remains structurally bullish on the higher timeframe but is currently consolidating after recent volatility. The 5,150 level is key for short-term direction. Holding above it keeps the upside bias intact, while a breakdown could shift momentum toward a corrective phase.
