XAUUSD | Daily Technical Outlook
Market Structure
XAUUSD remains in a broader bullish structure on the higher timeframes, but momentum has clearly slowed after the recent spike toward the $5,550 region. The strong impulsive rally was followed by a sharp rejection, triggering a corrective phase and pushing price back below the $5,000 psychological level.
On the daily chart, XAUUSD is now consolidating around the $4,980–$5,000 area, trading between short-term moving averages, signaling temporary equilibrium after extreme volatility. The structure has shifted from aggressive bullish expansion into a corrective range, with lower highs forming on intraday timeframes.
Key Resistance Zone
The nearest resistance sits at $5,020 – $5,080, where recent bullish attempts stalled and intraday supply emerged.
Additional resistance levels:
- $5,150 – $5,200 (recent rejection zone)
- $5,350 – $5,550 (major daily swing high & exhaustion peak)
As long as gold remains below $5,080, upside momentum remains limited in the short term.
Key Support Zone
Immediate support is located at $4,950 – $4,970, where price is currently stabilizing.
A breakdown below $4,950 would expose deeper downside levels:
- $4,880 – $4,900 (intraday structural support)
- $4,750 – $4,780 (major 4H demand zone)
A sustained move below $4,750 would confirm a broader corrective phase on the daily timeframe.
Expectations
Bearish Scenario (Primary)
If price fails to reclaim $5,080, gold may continue its corrective decline.
A break below $4,950 would likely accelerate selling pressure toward $4,900, with potential extension toward $4,780.
Bullish Scenario (Alternative)
A strong break and close above $5,080 would signal renewed bullish momentum.
This would open the door toward:
- $5,150
- $5,350
Reclaiming $5,350 would restore the dominant uptrend structure.
Outlook
Gold remains structurally bullish on the daily timeframe but is currently undergoing a corrective consolidation below the $5,000 psychological barrier. Sellers are defending the $5,080 resistance zone, while buyers attempt to protect the $4,950 support area.
A breakout from this range will likely determine the next directional move, with downside risks increasing if support levels begin to fail.
