Vlad Demochko
⬤ Gold has weakened in recent sessions, pulling back sharply from earlier highs and now approaching a decisive technical zone. The short-term outlook hinges on how price behaves around the 5,055 level on the 15-minute chart. Gold has slid from the upper resistance area near 5,540–5,580 and moved back into the consolidation zone around 5,100.
⬤ A confirmed 15-minute close below 5,055 would validate the current downtrend. Downside targets sit at 5,015, followed by 4,965. These zones mark successive support areas on the chart. A sustained break below 4,965 would signal a deeper bearish phase, pushing losses beyond the recent range and confirming stronger downside momentum in the short term.
⬤ On the flip side, the technical picture changes if gold holds above the 5,098 pivot. Staying above this level would open the door for a rebound toward 5,163, with potential extension to 5,243 if buyers step in. These levels represent former reaction and resistance zones, and reclaiming them could interrupt the bearish sequence and support a corrective bounce.
⬤ This setup defines clear thresholds for near-term trend confirmation. A break below 5,055 reinforces bearish control and raises the odds of a move toward lower support, while holding above 5,098 signals a possible short-term momentum shift. With price squeezed between well-defined levels, upcoming closes will likely play a key role in shaping volatility and direction for XAU/USD in the sessions ahead.
Vlad Demochko
