XAUUSD | Daily Technical Outlook
Market Structure
Gold begins the new trading day at the $4,206 level, consolidating after failing to build strong momentum above the $4,230 zone.
Price action across the intraday charts (M15 & H1) shows a gradual loss of bullish steam, with a series of lower highs forming after yesterday’s short-lived spike.
On the higher timeframes (H4 & Daily), gold remains in a medium-term uptrend, but recent candles reflect indecision and a possible slowdown in upward pressure.
The broader structure suggests range-bound movement, as buyers defend $4,200 while sellers block advances toward $4,235-$4,250.
Key Resistance Zone
Gold faces immediate resistance at:
- $4,225 – $4,235 (intraday barrier)
- $4,250 (strong short-term resistance)
- $4,280 – $4,300 (major upside zone)
A break above $4,235 is needed to revive bullish momentum.
Key Support Zone
Immediate support is seen at:
- $4,200 – $4,205 (current consolidation floor)
- $4,185
- $4,160 (critical support for sustaining the broader trend)
A drop below $4,185 would expose deeper bearish targets and signal a momentum shift.
Expectations
Bearish Scenario (Primary)
As long as gold trades below $4,235, momentum favors mild downside pressure.
A break below $4,200 may trigger extended declines toward:
- $4,185
- $4,160
Loss of $4,160 would shift the trend to bearish.
Bullish Scenario (Alternative)
A strong breakout above $4,235 would signal renewed buying interest.
Targets under this scenario:
- $4,250
- $4,280
- $4,300 (trend continuation level)
Until $4,235 is reclaimed, upside moves remain corrective.
XAUUSD Outlook
XAUUSD continues to trade within a tightening range as bullish momentum slows, despite price holding above $4,200.
The broader trend is still constructive, but buyers must reclaim $4,235-$4,250 to regain full control.
Failure to hold above $4,200 increases the risk of deeper corrections toward $4,185 and $4,160.
