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- XAUUSD Technical Overview
XAUUSD Technical Overview
Technical Summary: XAUUSD is trading around 4392.86, holding above the key 4380 support and maintaining a higher-low structure. Price is consolidating near 4400 resistance, with the chart structure favoring a bullish continuation if this level is decisively broken.
Bullish Scenario :A sustained break above 4400 can open the way toward 4429.62.Further strength above 4429.62 may extend the upside toward 4474.30.
Bearish Scenario :Failure to break 4400 followed by a break below 4380 could trigger a corrective move.Below 4380, next supports are 4368 and 4327.88.
Key Levels :Resistance : 4400 | 4429.62 | 4474.30Support : 4380 | 4368 | 4327.88
Market View:- Bullish above 4380. The current ascending structure supports a buy-on-dips approach, while a confirmed breakout above 4400 would strengthen the bullish momentum toward 4429.62.