XAUUSD | Daily Technical Outlook
Market Structure
XAUUSD remains in a broader bullish trend, but recent price action shows loss of momentum near the highs, signaling a temporary pause rather than a trend reversal.
After topping in the 4545–4560 area, price pulled back and is now consolidating just below key resistance, holding above rising structural support. This behavior suggests bullish structure intact, but with short-term hesitation.
As long as Gold holds above its recent higher lows, the overall trend remains constructive, though near-term volatility and corrective movement cannot be ruled out.
Key Resistance Zone
The primary resistance zone is located at 4465–4485, where price is currently struggling to gain acceptance. This area has acted as a short-term supply zone following the recent pullback.
Additional resistance levels:
- 4520
- 4545–4560 (major swing high / bullish breakout level)
A sustained break above 4485 would confirm renewed upside momentum and re-open the path toward the highs.
Key Support Zone
Immediate support lies at 4420–4450, a critical area that has repeatedly held during recent pullbacks and aligns with the broader bullish structure.
Below this zone, downside targets include:
- 4380–4400
- 4320–4350 (major corrective support)
A decisive break down below 4420 would weaken the bullish bias and signal a deeper corrective phase.
Expectations
Bullish Scenario (Primary)
As long as Gold holds above 4420, the broader trend favors upside continuation.
A confirmed break above 4465–4485 would likely drive price toward:
- 4520
- 4545–4560
Bearish Scenario (Alternative)
Failure to reclaim 4465, followed by a breakdown below 4420, would expose Gold to a corrective move toward:
- 4400
- 4320–4350
This scenario would represent a correction within the trend rather than a full reversal unless deeper support fails.
Outlook
Gold remains structurally bullish, but current price action reflects consolidation below resistance. Buyers remain in control above 4420, while a breakout above 4485 is needed to reignite upside momentum. Until then, the market may remain range-bound with a mild corrective bias.
Bias: Bullish while above 4420
Invalidation: Daily close below 4420
