XAUUSD | Daily Technical Outlook
Market Structure
XAUUSD continues its upward trajectory, extending the bullish momentum that has been building since mid-November. The recent price action shows a clean sequence of higher highs and higher lows, confirming firm buyer control.
Price is currently trading near a fresh high around $4,250–$4,260, where early signs of resistance have begun to appear. While the overall trend remains strong, this area may cap upside attempts in the short term
Key Resistance Zone
The most significant barrier lies between $4,255 and $4,270, where price has repeatedly stalled.
A confirmed breakout above $4,270 would likely pave the way toward:
- $4,300 (initial upside target)
- $4,335–$4,345 (extended bullish target)
Sustained trading below this zone may slow momentum but does not invalidate the broader uptrend.
Key Support Zone
Solid support is forming around $4,225–$4,235, an area where buyers previously defended the trend.
Additional support layers include:
- $4,200 (minor support)
- $4,170–$4,180 (major structural support)
Holding above $4,230 keeps the bullish bias intact.
A break below $4,225 would increase the likelihood of a deeper correction.
Expectations
Bullish Scenario (Primary)
As long as gold trades above $4,225–$4,235, upward continuation remains the favored scenario.
A breakout above $4,270 may trigger bullish acceleration toward $4,300, with potential extension to $4,340 if momentum strengthens.
Bearish Scenario (Alternative)
A drop below $4,225 would indicate weakening momentum and could lead price toward:
- $4,200
- $4,170–$4,180 (key support)
A break beneath $4,170 would be required to challenge the broader bullish profile.
Outlook
Gold maintains a strong bullish bias, supported by trend structure and buyer demand. Today’s focus is on whether price can overcome the $4,255–$4,270 resistance. A breakout sets the stage for the next upside leg, while rejection may trigger a controlled pullback before another attempt higher.
