XAUUSD | Daily Technical Outlook
Market Structure
XAUUSD remains within a broader bullish structure on the daily timeframe, maintaining a sequence of higher highs and higher lows despite recent volatility. After the sharp impulsive rally toward the $5,400 area earlier in the cycle, price experienced a corrective pullback but continues to stabilize above the $5,150–$5,170 support region.
On lower timeframes, momentum has cooled, with price consolidating around $5,170–$5,180. However, the overall structure still favors buyers as long as gold holds above key higher-timeframe support levels. The moving averages remain positively aligned on the daily chart, reflecting sustained medium-term strength.
Key Resistance Zone
The nearest resistance is located at:
- $5,200 – $5,220 (short-term supply zone)
A clean break above $5,220 would expose:
- $5,250
- $5,300
- $5,400 (major swing high)
Failure to break above $5,220 may keep gold trapped in short-term consolidation.
Key Support Zone
Immediate support stands at:
- $5,150 – $5,170 (current consolidation base)
A breakdown below $5,150 would increase corrective pressure toward:
- $5,100
- $5,050
- $5,000 (major psychological and structural support)
A sustained move below $5,000 would signal a deeper medium-term correction.
Expectations
Bullish Scenario (Primary)
As long as gold holds above $5,150, the structure favors gradual upside continuation.
A break above $5,220 could trigger a renewed push toward $5,250 and potentially $5,300.
Bearish Scenario (Alternative)
If $5,150 fails, expect increased selling pressure toward $5,100 and possibly $5,050.
A break below $5,000 would significantly weaken the broader bullish structure.
Outlook
Gold remains structurally bullish on the daily timeframe, but short-term consolidation suggests a pause before the next directional move. Holding above $5,150 keeps buyers in control, while a breakdown below this level could trigger a deeper corrective phase before any renewed upside attempt.
