Gold Daily Outlook - XAUUSD May 4th

100
XAUUSD Daily Outlook – May 5, 2025
Structure doesn’t lie. Gold is cooling off – but the real game might just be starting.
📊 Trend & Structure:
HTF Bias: Bullish (intact), but showing signs of exhaustion.
Daily Market Flow: Strong rejection from 3500 ATH → bearish correction underway.
Latest Daily Candle: Bearish with large upper wick – confirms aggressive selling after liquidity grab.

🔹 Key Daily Levels:
🔻 Premium Rejection Zone
Zone: 3475–3500
Confluence: Previous ATH + liquidity sweep + FVG + overextension
Note: Reversal confirmed. Sellers aggressively stepped in.

🔻 Active Imbalance Zone
Zone: 3375–3400
Context: Unmitigated bearish FVG formed after ATH rejection
What to expect: Intraday bounces possible, but mostly mitigation unless reclaimed.

🔹 Current Reaction Zone
Zone: 3220–3255
Structure: Micro CHoCH + fresh demand reaction + FVG fill
Note: Bulls defending here. Breakdown = lower retracement likely.

🔻 Key Mid-Term Support
Zone: 3050–3080
Reason: Daily demand + OB + prior BOS
Expectation: Strongest support if price breaks 3200 – ideal HTF reentry.

🔢 Fibonacci Extension Targets (if 3500 breaks)
Using impulse leg 2970 → 3500 with retrace to 3204.50:
Extension Level
Target Price
Commentary

1.0
3500
ATH (already hit)

1.12
3558
First extension zone, minor reaction possible

1.272
3610
Institutional TP1 zone

1.414
3660
Premium FVG / liquidity target

1.618
3730
Strong continuation target, reversal zone

1.786
3785
Final blow-off area, low probability without macro push

📊 Summary:
Gold reached a major milestone at 3500, swept liquidity, and is now in correction mode. As long as 3220–3255 holds, bulls may stage a short-term defense. However, failure to hold opens the door to 3050–3080, the next major structure zone.
Above 3500, use extension zones to track sentiment traps and profit-taking waves.

🧠 Final Thought:
From greed at 3500 to fear at 3200 — markets reset sentiment before the next move. Smart money isn’t emotional. Stay with structure, not ego.

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📌 Important Notice!!!
The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your plan and wait for confirmation before taking action.

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