XAUUSD | Technical Outlook
Market Structure
XAUUSD is currently consolidating after a strong impulsive rally that pushed price toward the $5,550 area on the daily timeframe. Following that peak, the market experienced a sharp corrective decline before stabilizing above the $4,850 – $4,900 region.
On the 4H timeframe, price has shifted into a recovery phase, forming higher lows and gradually reclaiming ground toward $5,100. Meanwhile, the 1H and 15M charts show short-term consolidation around $5,060 – $5,080, suggesting the market is building pressure for the next directional move.
The broader structure remains bullish as long as price holds above the major higher-timeframe support zone.
Key Resistance Zone
The nearest resistance is located at $5,100 – $5,120, where price is currently struggling to gain sustained momentum.
Additional resistance levels:
- $5,200
- $5,350 – $5,400 (major supply and previous breakdown zone)
A clean break and hold above $5,120 would strengthen the bullish continuation scenario.
Key Support Zone
Immediate support lies at $5,000 – $5,020, acting as short-term intraday demand.
Below that, deeper support levels:
- $4,900 – $4,920
- $4,850 (major structural support on H4/Daily)
A breakdown below $4,900 would weaken the bullish recovery structure and expose further downside.
Expectations
Bullish Scenario (Primary)
As long as gold remains above $5,000, buyers maintain short-term control.
A breakout above $5,120 could open the door toward:
- $5,200
- $5,350
Bearish Scenario (Alternative)
Failure to hold $5,000 would signal renewed selling pressure.
A break below $4,900 could accelerate the decline toward:
- $4,850
- $4,700
Outlook
Gold remains structurally bullish on higher timeframes but is currently in a consolidation phase below $5,120 resistance. The next decisive move will likely come from either a breakout above $5,120 or a breakdown below $5,000, which will determine short-term direction.
