XAUUSD | Technical Outlook
Market Structure
XAUUSD prolongs its record-setting rally for the sixth consecutive day and remains in a strong bullish market structure across all higher timeframes. The daily and H4 charts continue to print higher highs and higher lows, confirming sustained upside momentum.
On the lower timeframes (H1 and M15), price is consolidating after the recent impulsive rally, suggesting healthy price digestion rather than trend weakness.
Gold is currently trading near $5,085, holding above key short-term moving averages, which reinforces bullish control despite minor intraday pullbacks.
Key Resistance Zone
Immediate resistance is located at:
- $5,100 – $5,125, a psychological and technical barrier aligned with recent highs
A clean breakout above this zone would likely trigger renewed bullish acceleration toward:
- $5,180
- $5,250
As long as price holds below $5,125, short-term consolidation remains possible.
Key Support Zone
Key support zones are clearly defined:
- $5,020 – $5,040 (near-term dynamic support)
- $4,950 – $4,980 (strong structural support and prior breakout area)
A deeper pullback into this zone would still be considered corrective within the broader uptrend, unless $4,950 fails decisively.
Expectations
Bullish Scenario (Primary)
As long as Gold holds above $5,020, buyers are expected to remain in control.
A breakout above $5,125 would open the door for continuation toward $5,180 and potentially $5,250.
Bearish Scenario (Alternative)
A failure to hold $5,020 could trigger a deeper corrective move toward $4,980 – $4,950.
Only a sustained break below $4,950 would signal a meaningful shift in structure.
Outlook
Gold remains firmly bullish on higher timeframes, with current price action reflecting consolidation rather than reversal. The broader trend stays intact above $4,950, and any short-term pullbacks are likely to be viewed as buying opportunities unless key support levels are broken.
