$xau


$GOLD Gold (XAU/USD) Weekly Technical Outlook
Gold remains under bearish pressure on the daily chart, trading below key resistance and showing a series of lower highs and lower lows. Price is currently testing the 4,250–4,300 support zone, which aligns with a major moving average and could act as a short-term demand area.
Immediate Support: 4,250–4,200
Major Support: 3,780–3,690 demand zone
Immediate Resistance: 4,850–5,030
Major Supply Zone: 5,370–5,600
A successful hold above support may trigger a relief rally toward the 4,600–4,850 resistance area. However, a decisive breakdown below 4,200 could accelerate selling pressure and open the path toward the 3,780 support zone.
Bias: Neutral to bearish below 4,850; bullish momentum returns only after a strong breakout above resistance.
XAU-0.26%
XAUUSD-0.39%
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