XAUUSD by Lana_M2 — TradingView

XAUUSD D1: Gold moves into key weekly support area ahead of next week

Gold is heading into next week from a very sensitive area. The daily chart shows that after a strong pullback, prices are now sitting near important support levels, while the overall structure remains unstable. The key question now is whether traders can stabilize the market at its current levels, or whether gold prices will continue to fall and then mount a stronger rebound.

basic background

The overall picture for gold remains mixed.

On the one hand, geopolitical tensions remain unresolved and safe-haven demand remains active, supporting increased volatility next week. On the other hand, broader monetary conditions remain constrained, supporting the dollar and limiting gains in non-yielding assets such as gold.

This combination is important. Geopolitical risks can support gold prices, but if they also heighten inflation concerns and keep the political outlook consistent, gold prices could remain volatile rather than move modestly higher.

Technical architecture on D1
Overall structure

On the daily chart, XAUUSD remains in the midst of a broader correction after failing to hold a higher equilibrium zone. Price has fallen below premium territory and is now testing larger discount territory, which often becomes the next major decision point between recovery and continuation.

The current structure still shows weakness, but the price is also sitting near a support area from which a technical rebound could begin.

4,493: Current support axis

The first major level to watch is 4,493.

This is the immediate support area that the market is trying to defend. If buyers can hold on to this area, gold prices could begin to form a recovery phase early next week. If this level is significantly breached, the correction may continue deeper.

4,603: First checkpoint occurs

The next important level is 4,603.

If buyers want to build a more credible rally, this is the first area of ​​liquidity they need to pull back into. Without a move back above this level, any rebound is likely to remain shallow and correct.

4,734: Barrier key recovery

Above this, 4,734 points is the main resistance level for the recovery.

If buyers can reclaim 4,603 and 4,734 points, the market will begin to move from a weak rebound to a more meaningful recovery phase. If the price fails to break below this area, a broader downward correction will remain in place.

4,900 – 5,120: Top FVG area for sale

Above, the broader resistance zone remains around 4,900-5,120 points.

This remains a key selling area and sellers may become active again if gold prices are able to rebound from current support levels. Even if a rebound begins next week, this area will likely limit any stronger rebound unless the structure improves significantly.

4,020 – 4,080: Deeper Support Area

If there is a break above the current support structure, the next major downside area would be around the 4,020-4,080 level.

This is deep support on the chart and is likely to be the next target if downside pressure accelerates.

What does order flow mean?

Current demand flows suggest gold is no longer in free fall, but buyers have yet to regain control of the broader structure.

So, now:

Sellers remain holding the broader daily structure below the overhead resistance area
Buyers are trying to defend current support near 4,493
The first real signs of recovery will come only when price starts to reclaim 4,603 and 4,734

This leaves the market balanced between short-term recovery scenarios and deeper correction scenarios.

Next week’s trading scenario
Scenario 1: Support continues and recovery develops

If gold is able to hold above 4,493 and show clear bullish confirmation, the price may move towards higher liquidity areas.

Entry point: Around 4,500–4,520 on bullish confirmation
SL: Minimum 4,430
TP1: 4,603
TP2: 4,734
TP3: 4,900–5,120

Scenario 2: Bounce to resistance, then sellers come back

If the price rebounds but fails to recover to 4,603 or 4,734, the trend may continue to correct and sellers may return again.

Entry: Bearish rejection near 4,603 or 4,734
SL: highest suppression peak
TP1: 4,493
TP2: If weakness re-emerges, support will be lower

Situation 3: Breaking below support level

If gold prices settle decisively below 4,493, the correction may extend further into lower support areas.

Entry: Below 4,493 after confirmed breakout
SL: Above breakout support level
TP1: 4,200
TP2: 4,020–4,080

Critical level of monitoring

4,493 → Current support axis
4,603 → first liquidity increase
4,734 → Barrier Key Recovery
4,900–5,120 → Upper sales area
4,020–4,080 → deeper support zone

in conclusion

Gold will enter a very sensitive area next week. The market is building on important bases of support, but the broader structure still needs to rebound significantly above resistance before a stronger bullish outlook can be believed.

Lana Weekly View: Gold prices may try to stabilize first, but unless buyers regain 4,603 and 4,734 points, the overall structure remains cautious and could easily fall again.