XAUUSD – Daily Technical Outlook
Market Structure
Gold begins today’s session under clear corrective pressure, with price pulling back from last week’s highs near $4,260-$4,280. The decline has pushed XAUUSD back toward the $4,205-$4,215 zone, where the market is attempting to stabilize.
The overall trend on the Daily and H4 charts remains bullish, but short-term momentum on the 15M and 1H charts has turned bearish, indicating a near-term correction within the broader uptrend.
Key Resistance Zone
Gold faces a notable resistance area at $4,235-$4,245, where price repeatedly stalled and reversed on the lower timeframes.
A confirmed break above $4,245 would reopen bullish momentum toward:
- $4,260
- $4,280 (major resistance and prior swing high)
Until this zone is reclaimed, upside attempts may remain limited.
Key Support Zone
Immediate support sits at $4,200-$4,205, currently being tested on several timeframes.
Below this, the next support levels are:
- $4,185
- $4,165-$4,170 (important structural support on H4)
A break and close below $4,185 would signal stronger short-term weakness.
Expectations
Bearish Scenario (Primary – Short Term)
If XAUUSD remains below $4,235, price may continue correcting lower toward:
- $4,200
- $4,185 as the next target
A deeper extension may reach $4,165 if bearish pressure intensifies.
Bullish Scenario (Medium Term)
As long as gold holds above $4,185, the broader uptrend remains intact.
A recovery above $4,245 would shift momentum back to the upside, targeting:
- $4,260
- $4,280
A breakout beyond $4,280 would resume the larger bullish structure.
Outlook
Gold is currently in a short-term corrective phase, with sellers controlling intraday movement. However, the broader structure remains constructive as long as the market holds above $4,185. Today’s price action will likely revolve around whether gold can maintain support at $4,200 or extend the decline toward deeper levels.
