FX.co ★ KHALISA | XAUUSD ANALYSIS

Hello. Gold buyers ended last week on a strong note and successfully carried that bullish momentum into the beginning of the new trading week. At the opening of today’s session, buyers continued to expand their positions and managed to break through the important resistance level at 5119.18, pushing the price higher toward 5135.36. This movement confirms that bullish pressure is still present in the market and that buyers are trying to build a more stable upward structure. If buyers are able to hold above the 5135.36 area and consolidate their positions, the next upside target will be located near 5240.74. A successful breakout and consolidation above this zone would significantly strengthen the bullish scenario and could open the way for further growth toward 5450.90, which represents a much stronger resistance area and a potential zone for profit-taking or corrective movement. Sustained trading above these levels would indicate that gold remains attractive to buyers and that the market is prepared for continued upward expansion. However, the downward scenario should not be ignored. If sellers regain control, they will need to break through and consolidate below the key support level at 4989.33. A confirmed breakdown of this zone would shift momentum in favor of sellers, with the first downside target at 4965.20. If the price manages to hold below this area, a deeper decline toward 4906.24 can be expected, where stronger buyer interest may appear again. XAUUSD M30 timeframe: Over the weekend, a long entry point was forecast at 5145.46, and today the price successfully broke through this level and consolidated above it. This confirms that buyers are still defending higher prices. The next immediate target on the intraday timeframe is 5190.12, and if an active breakout and consolidation occur, further growth can be expected toward 5240.74 and 5311.38. From the Bollinger Bands perspective, the price has now pulled back into the central band area, while the bands themselves are beginning to curl inward. This configuration suggests a temporary slowdown in volatility and a possible consolidation phase. Movement from this area can develop in either direction, so a reliable signal will appear only after a strong touch of the upper or lower band, followed by an assessment of whether the bands start to expand outward. The Awesome Oscillator (AO) is currently fading in the positive zone, which indicates weakening bullish momentum. If the indicator crosses below zero and shows strong acceleration in the negative zone, this will provide a stronger signal for a price decline. Conversely, a new acceleration in the positive zone will confirm renewed buying pressure and support the continuation of the upward trend. Overall, gold remains at an important technical crossroads. Buyers still control the market for now, but confirmation through consolidation above resistance levels is necessary. Traders should closely monitor price behavior near the highlighted support and resistance zones and wait for clear signals from both price action and indicators before entering new positions.