XAUUSD | Daily Technical Outlook
Market Structure
XAUUSD remains within a broader bullish structure, continuing to print higher highs and higher lows on the higher timeframe. After the sharp rejection from the recent peak, price successfully held above its prior higher low zone and resumed upward pressure.
The latest move shows consolidation just below the $5,180–$5,200 resistance region following a steady bullish advance. While short-term momentum has slightly cooled, there is no confirmed structural breakdown, and buyers continue to defend pullbacks above key support.
Overall, gold maintains a constructive bias while trading beneath immediate resistance.
Key Resistance Zone
The nearest resistance stands at $5,180 – $5,200, where price has recently stalled.
A sustained breakout above this area would expose:
- $5,230 – $5,260
- $5,300 (next major psychological 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, aligned with recent pullback lows.
A breakdown below this level would expose:
- $5,100
- $4,850 – $4,900 (major structural demand zone)
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 move toward $5,230 and potentially $5,260–$5,300.
Bearish Scenario (Alternative)
Failure to hold $5,140 followed by a break below $5,100 would signal weakening momentum.
This could open the door toward deeper retracement levels near $4,900.
Outlook
Gold remains structurally bullish, consolidating beneath key resistance after a steady recovery phase. The broader bias favors continuation higher while price holds above $5,100. A decisive breakout above $5,200 would confirm renewed bullish momentum.
