XAUUSD | Daily Technical Outlook
Market Structure
XAUUSD is showing a renewed bullish recovery after successfully defending a key higher-timeframe support zone. Following the sharp corrective sell-off from the $4,520 – $4,550 area, price found strong demand near the $4,300 region and has since rebounded aggressively.
The recent upside impulse reflects improving bullish momentum, with price now trading back above key short-term moving averages and attempting to re-establish a broader uptrend structure.
Key Resistance Zone
The nearest resistance is located at $4,435 – $4,460, an area that previously acted as a strong supply zone and trend rejection level. Any further upside is likely to encounter selling pressure here.
Additional resistance levels:
• $4,500 (psychological resistance)
• $4,550 – $4,580 (major bearish rejection and recent swing high)
As long as Gold remains below $4,460, upside momentum may remain corrective within the broader structure.
Key Support Zone
Immediate support is now seen around $4,380 – $4,400, where price recently broke higher and may attempt to retest.
A deeper pullback could expose:
• $4,330 – $4,350 (key short-term demand zone)
• $4,280 – $4,300 (major structural support and trend-defining level)
A sustained break below $4,300 would weaken the bullish outlook and shift focus back toward a deeper corrective phase.
Expectations
Bullish Scenario (Primary)
The structure favors further upside as long as price holds above $4,380.
A successful break and hold above $4,460 would likely open the door toward:
• $4,500
• $4,550 – $4,580
Bearish Scenario (Alternative)
Failure to hold above $4,380 may trigger a pullback toward $4,350.
A confirmed breakdown below $4,300 would shift momentum bearish, exposing lower downside targets.
Outlook
Gold is attempting to resume its broader bullish trend after a healthy corrective decline. Buyers are regaining control above key support levels, but a clear break above $4,460 is required to confirm trend continuation. Until then, price may remain volatile, with pullbacks viewed as corrective as long as $4,300 holds.
