Gold (XAUUSD) Intraday Analysis – Key Levels and Trading Strateg

Market Overview
Gold (XAUUSD) has shown strong bullish momentum since late August, but the current structure reveals signs of exhaustion around the 3,565 – 3,570 zone, marked as a Weak High. Price action on the H1 timeframe shows multiple Break of Structure (BOS) and liquidity sweeps, suggesting a potential short-term correction before the next directional move.
The EMA layers (20 – 50 – 100 – 200) remain supportive of the medium-term uptrend, yet sellers are defending the resistance zone aggressively.

Key Support and Resistance Zones
Major Resistance (Plan A): 3,565 – 3,570 (Weak High zone).
Immediate Support: 3,538 – 3,540.

Key Demand Zone (Plan B): 3,505 – 3,515 and deeper at 3,471.

A confirmed break below 3,471 could extend the retracement toward 3,440 – 3,400.

Trading Plans
Scalp Sell (Plan A – Primary Setup)
Entry: 3,566.xx – 3,555.xx
Stop Loss: 3,570

Take Profit: 3,525 → extend toward 3,505

Rationale: Shorting from resistance, capitalizing on liquidity above Weak High.
Buy the Dip (Plan B – Secondary Setup)

Entry: 3,505 – 3,515 or 3,471
Stop Loss: below 3,460
Take Profit: 3,538 → 3,565

Rationale: Buying from strong demand zones aligned with EMA confluence.

Conclusion
Gold is likely to consolidate around 3,550 before retesting the 3,565 – 3,570 resistance. Scalp selling from the upper zone offers the best short-term opportunity, while a deeper retracement toward 3,505 – 3,471 could provide an attractive buy-the-dip setup in line with the broader bullish trend.
Stay alert to intraday price reactions and manage risk carefully. Save this outlook for reference throughout today’s session to track how price develops.