XAUUSD | Daily Technical Outlook
Market Structure
XAUUSD is maintaining a bullish structure after successfully recovering from the sharp corrective sell-off seen earlier. Price has resumed its upward trajectory, printing higher lows and higher highs across lower timeframes, while remaining supported above key moving averages.
The recent impulsive push has lifted gold back toward the $4,380 – $4,400 region, signaling renewed buying interest and strengthening bullish momentum.
Key Resistance Zone
The nearest resistance is located at $4,390 – $4,410, an area aligned with prior swing highs and intraday exhaustion. A clean break above this zone would confirm bullish continuation.
Additional resistance levels:
• $4,450
• $4,500 – $4,520 (major upside extension zone)
As long as price trades below $4,410, short-term pullbacks remain possible, but the broader bias stays constructive.
Key Support Zone
Immediate support lies around $4,360 – $4,380, where previous resistance has turned into demand. This zone is critical for maintaining bullish momentum.
Below that, key supports sit at:
• $4,320 – $4,330
• $4,280 (major structural support)
A sustained break below $4,320 would weaken the bullish structure and open the door for a deeper correction.
Expectations
Bullish Scenario (Primary)
As long as XAUUSD holds above $4,360, buyers remain in control. A breakout above $4,410 could accelerate gains toward $4,450 and potentially $4,500.
Bearish Scenario (Alternative)
Failure to hold above $4,360 may trigger a corrective pullback toward $4,320. Only a break below $4,280 would signal a broader trend shift.
Outlook
Gold remains bullishly biased, supported by strong structure and higher-timeframe momentum. While short-term consolidations are possible near resistance, the overall outlook favors further upside as long as price holds above $4,360, with breakout potential toward higher resistance zones.
