XAUUSD | Technical Outlook
Market Structure
XAUUSD remains under corrective pressure after failing to sustain momentum above the recent highs near the 5,100–5,150 region. The broader structure on the higher timeframe is still constructive, but price is currently trading below short-term moving averages, reflecting ongoing consolidation with a slight bearish tilt.
Recent sessions show repeated rejection from the 5,020–5,050 area, while buyers are attempting to stabilize price around the 4,900–4,920 zone. Momentum has slowed, and the market is transitioning into a range-bound structure following the sharp volatility seen earlier this month.
Key Resistance Zone
The nearest resistance stands at 5,020 – 5,050, where price recently failed to maintain upside continuation.
Additional resistance levels:
- 5,100
- 5,150 – 5,180 (major breakout and supply zone)
As long as gold trades below 5,050, upside attempts may remain corrective rather than impulsive.
Key Support Zone
Immediate support is located at 4,900 – 4,920, which is currently acting as a short-term stabilization area.
A breakdown below 4,900 would expose:
- 4,850
- 4,750 – 4,780 (strong structural support)
A sustained move below 4,750 would shift the broader bias toward a deeper corrective phase.
Expectations
Bearish Scenario (Primary)
If gold remains below 5,050, pressure could gradually build toward a retest of 4,900.
A clear break below this level may accelerate the decline toward 4,850 and potentially 4,750.
Bullish Scenario (Alternative)
A recovery above 5,050 would signal renewed buying interest, opening the door toward 5,100 and possibly a retest of the 5,150 zone.
Reclaiming 5,150 would re-establish strong bullish control.
Outlook
Gold is currently consolidating within a corrective structure after failing to extend higher. The market remains neutral-to-bearish in the short term below 5,050, while holding above 4,900 keeps the broader structure supported. A decisive breakout on either side will likely define the next directional move.
