XAUUSD Daily Chart Analysis
(Gold Future Chart Analysis)
Current Market View – XAUUSD bullish or bearish today
This pause looks more like a healthy correction than a trend reversal. The overall tone of the market still feels bullish, especially as long as gold stays above its key support levels.
Gold – The Real Money That Beats Inflation
As Robert Kiyosaki says, gold is real money, not just currency. Unlike paper money that governments can print anytime, gold has a limited supply, which gives it lasting value. When inflation rises, currency loses strength, but gold usually gains demand and price.
With recent signs of inflation in the U.S., investors are again turning to gold as a safe haven. It remains one of the best assets to protect wealth and beat inflation.
Gold future today buy or sell
Support Zones to Watch
1. Major Support – 1: $3,930 – $3,880
This is the first line of defense. Price is already reacting around this zone, showing buyer interest. If it holds, we could see gold bouncing back toward $4,100 or higher.
2. Support – 1.1: $3,690 – $3,660
A slightly deeper support area — if the price slips below $3,880, this zone might act as a cushion and attract new buyers.
3. Major Support – 2: $3,400 – $3,450
This aligns with the previous breakout zone from the symmetrical triangle pattern. If the correction gets extended, this level might offer strong support again.
4. Major Support – 3: $3,200 – $3,150
This is more of a long-term base zone. It’s quite far from current levels, but still important for the bigger picture trend.
Resistance Levels to Book Profit
1. Resistance – 1: $4,146 – $4,176
This is the first resistance zone where gold faced rejection during its last bounce attempt. A close above $4,180 could bring fresh momentum.
2. Resistance – 2: $4,390 – $4,500
This area marks the ATH zone (All-Time High). If gold breaks and sustains above $4,390–$4,500, we could see the next leg up — possibly into uncharted territory.
Gold Technical Analysis – XAU/USD chart pattern
- Pattern Observed: A Symmetrical Triangle pattern was formed earlier, and the breakout from it triggered this massive rally.
- Trend Direction: Still strongly bullish overall. The recent correction looks like a pullback, not a reversal.
- Price Behaviour: Forming higher highs and higher lows — a clear sign of accumulation and strength.
- Momentum Indicators:
- RSI is cooling down slightly, sitting around the mid-range — indicating consolidation.
- Volume has reduced a bit, which often happens during a pause before the next move.
Possible Trading Setup in Gold price action
➡️ Bullish View:
If gold holds above $3,880–$3,930 and manages to break $4,176, then the next targets could be $4,390 and $4,500. Sustaining above $4,500 might open the path for a move toward $4,650 or even $4,800 in the coming months.
➡️ Bearish View:
If gold breaks below $3,880, we might see a dip toward $3,690, and if that fails, $3,400–$3,450 could be the next stop. Still, these would likely be buying zones for longer-term traders.
Market Insight
Gold prices usually get support from inflation, geopolitical tension, and central bank demand. With ongoing uncertainty and inflation still above comfort levels in many countries, gold remains a safe-haven asset for big investors.
The daily chart shows gold taking a short break after a huge rally — which is pretty normal. The structure still looks strong, and if it holds above $3,880, the next wave could easily aim for new highs.
So, as of now, the trend is sideways to bullish, and traders should stay alert for breakout confirmation.
XAUUSD live Chart on Tradingview
