XAUUSD | Daily Technical Outlook
Market Structure
XAUUSD extended its strong bullish trend, remaining well bid above the $4,900 area after rebounding sharply from the recent corrective sell-off. The recovery was supported by a weaker US Dollar, persistent geopolitical tensions, and heightened caution ahead of the Federal Reserve’s interest rate decision, reinforcing Gold’s appeal as a safe-haven asset amid global uncertainty.
From a technical perspective, price action shows a strong bullish recovery after defending the $4,850–$4,900 demand zone, with momentum gradually rebuilding across intraday and higher timeframes.
Key Resistance Zone
The immediate resistance is located at $4,980 – $5,020, marking the recent breakdown and a short-term supply zone.
A confirmed breakout above this region would open the door toward higher levels:
- $5,080
• $5,150 – $5,180 (major bullish continuation zone)
As long as gold trades below $5,020, upside moves may face temporary selling pressure.
Key Support Zone
Immediate support is found at $4,900 – $4,880, which aligns with the recent higher low and intraday structure support.
A deeper pullback could expose:
- $4,820
- $4,750 – $4,700 (major bullish structure support)
Holding above $4,880 keeps the broader bullish structure intact.
Expectations
Bullish Scenario (Primary)
As long as price holds above $4,880, gold should maintain its bullish recovery. A sustained move above $5,020 would likely trigger continuation toward $5,080 and potentially $5,150.
Bearish Scenario (Alternative)
Failure to hold $4,880 would weaken bullish momentum and expose a corrective decline toward $4,820. A break below $4,750 would signal a deeper retracement within the broader uptrend.
Outlook
Gold remains structurally bullish despite the recent correction, with buyers regaining control above key support levels. The broader trend favors further upside as long as $4,880 holds, while a breakout above $5,020 would confirm renewed bullish continuation toward higher resistance zones.
