XAUUSD (Gold) Technical Analysis

Aug 15, 2026
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XAUUSD (Gold) – Head & Shoulders Pattern

Gold is currently showing a potential Head & Shoulders structure on the 1D chart. The pattern has developed over several months following a strong bullish move.

Pattern Structure
Left Shoulder: September–October 2025
Head: January–February 2026
Right Shoulder: July–August 2026
Neckline / Key Support: around 4,000–4,050

Current Situation
Gold is trading around 4,318 after rejecting the 4,400–4,450 area, which is close to the right-shoulder region.
The main level to watch is the 4,000–4,050 support/neckline zone.
A decisive daily close below this area could confirm the bearish continuation of the pattern.

Key Levels
Resistance:
4,400–4,450
4,600–4,650

Support:
4,000–4,050
3,800
3,600
3,400

Outlook
As long as Gold remains below the right-shoulder resistance, the bearish scenario remains valid.

A confirmed break below 4,000–4,050 could open the way toward the lower support levels.

However, a strong move back above 4,450 would weaken the current bearish setup.

This is a technical analysis scenario, and proper risk management should always be considered.
 

Attached File(s)

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Gold (XAUUSD) is currently trading around 4345 after rejecting the 4435–4445 resistance/POI area.

The key zone to watch now is 4355–4360, which aligns with the 4H FVG/demand area. This zone could determine whether buyers regain control or whether a deeper correction develops.

Bullish Scenario.
If price holds and reclaims 4360, the next upside levels to watch are 4400, followed by 4435–4445. A clean breakout and acceptance above 4445 could signal further upside.

Bearish Scenario.
A strong 4H close below 4355 would weaken the bullish structure and could expose 4290–4300. If selling pressure continues, the next major demand/liquidity area is around 4200–4230.
Key Levels-
4355–4360: Key support / demand-
4290–4300: Next downside area-
4200–4230: Major demand zone-
4400: Resistance-
4435–4445: Major resistance / POI

Current Bias: Cautiously bullish while 4355–4360 holds. However, confirmation is important before entering a trade.
photo_6064290326861517189_y.jpgWhat is your view on XAUUSD here — bullish continuation from 4355–4360 or deeper correction toward 4290–4300?