Gold weekly

#XAU/USD#

XAUUSD — Weekly Technical Outlook

Overall Trend: Bullish

Gold is currently trading around 4603, with the broader technical structure remaining positive.

Key Weekly Levels

Weekly Pivot: 4580

Resistance

- R1: 4632–4650
- R2: 4680–4700
- R3: 4740–4750

Support

- S1: 4580
- S2: 4550–4520
- S3: 4500–4480

Bullish Scenario — Preferred

As long as XAUUSD continues to trade and hold above 4580, the bullish structure remains intact.

The upside targets are:

4632–4650 → 4680–4700 → 4740–4750

A confirmed breakout and sustained move above the 4632–4650 resistance zone would strengthen bullish momentum and could open the way toward 4700, followed by the 4740–4750 area.

Bearish Scenario — Alternative

If Gold fails to maintain the weekly pivot and confirms a close below 4580, a deeper corrective move could develop toward:

4550 → 4520 → 4500 → 4480

However, such a move would initially be considered a correction within the broader bullish structure.

Weekly Bias

The overall outlook remains bullish while Gold holds above the 4480–4500 support zone.

Above 4580: Buyers remain in control.
Above 4632–4650: Bullish continuation strengthens.
Below 4580: Short-term corrective pressure increases.
Below 4480: The broader bullish structure would require reassessment.

Weekly Bias: Bullish above 4580, with 4700 and 4750 as the main upside objectives.

This analysis is for educational purposes only and does not constitute financial advice.