XAUUSD | Daily Technical Outlook
Market Structure
XAUUSD is showing signs of short-term weakness after several sessions of sideways consolidation near recent highs. Price has been gradually slipping lower on the intraday (M15 & H1) charts, breaking below minor moving averages and testing the $4,195-$4,200 region.
Despite this intraday bearish pressure, the broader structure on H4 and Daily remains bullish. However, momentum is clearly slowing, and gold is struggling to maintain upward traction after last week’s strong rally.
Key Resistance Zone
Gold faces immediate resistance at:
- $4,210 – $4,220 (intraday rejection zone)
- $4,235 (minor recovery target)
- $4,255 – $4,265 (major Daily resistance)
A break above $4,220 would be the first sign that buyers are attempting to regain control.
A breakout above $4,255 is needed to restore strong bullish momentum.
Key Support Zone
Gold is currently testing key support at:
- $4,195 – $4,200 (active support zone on M15-H1)
- $4,180 (next downside level)
- $4,160 – $4,170 (major structural support on H4)
A close below $4,195 would confirm deeper corrective pressure and could open the door toward $4,180, with room to extend toward $4,160 if selling accelerates.
Expectations
Bearish Scenario (Primary – Short Term)
As long as price remains below $4,220, gold may continue to trend lower.
Downside targets:
- $4,195
- $4,180
- $4,160 if bearish momentum strengthens
Short-term sentiment currently favors this scenario.
Bullish Scenario (Alternative – Medium Term)
If gold holds above $4,195, buyers may attempt a rebound toward:
- $4,220
- $4,235
- $4,255 – $4,265
Only a breakout above $4,255 would fully restore the broader bullish momentum.
Outlook
Gold is under mild bearish pressure intraday as momentum cools and price slips back into support.
The broader trend remains bullish, but $4,195 is critical—holding above it keeps the bullish structure intact, while a break below it may trigger a deeper correction toward $4,180-$4,160.
