XAUUSD | Daily Technical Outlook
Market Structure
Gold saw strong volatility yesterday following the Federal Reserve’s rate cut and dovish remarks, which pushed XAUUSD sharply higher before the rally faded. Rate cuts typically weaken the USD and support gold, and this was reflected in the initial bullish spike.
However, today’s charts show that price failed to sustain the impulsive upside and has settled back into the consolidation zone around $4210-$4220.
Momentum from the Fed reaction has cooled, and gold is now trading sideways across M15, H1, H4, and Daily timeframes.
The broader daily trend remains bullish, but short-term signals point to slowing momentum.
Key Resistance Zone
Gold is struggling to break above:
$4235 – $4250
This area rejected the impulsive Fed-driven rally and remains the intraday ceiling.
If buyers regain momentum:
- $4265
- $4285
would be the next bullish targets.
A daily close above $4250 would confirm bullish continuation.
Key Support Zone
Current support sits at:
$4200 – $4210
This level held after yesterday’s volatility and is the key line protecting the bullish structure.
If support breaks:
- $4185
- $4160
become the next downside levels.
A drop below $4160 would shift the structure into a deeper correction.
Expectations
Bullish Scenario (Primary, post-Fed bias)
As long as price holds above $4200, gold may attempt to retest the resistance at:
- $4235
- $4250
A breakout opens the path toward:
- $4265
- $4285 (extension target)
Bearish Scenario (Alternative)
Break below $4200 would confirm a loss of momentum and signal a correction toward:
- $4185
- $4160
Failure to hold $4160 risks a move toward $4135.
Outlook
Gold remains fundamentally supported after the Fed rate cut, but technically it is stuck in consolidation while the market digests the event.
- Above $4200 → bullish bias remains intact
- Below $4200 → corrective decline likely
- A breakout above $4250 is required for a new bullish leg
Today’s session will depend on whether bulls can reclaim the $4235-$4250 resistance or whether the market continues unwinding yesterday’s overextended swing.
