Gold XAUUSD outlook for 5/11/2026
H4 trend: Strong bullish recovery
1. H4 technical analysis
* Gold fell sharply from the 4,170 area to the 3,880 area.
* After forming a bottom around 3,880, price reversed and recovered very strongly.
* Consecutive green candles show that buying pressure is dominant.
* Price has approached the 4,140–4,170 resistance zone.
Assessment: The short-term trend is leaning toward BUY, but price has risen quite quickly, so do not chase entries immediately at 4,141.
2. Important price zones
Price zone Role
4,160–4,170 Strong resistance
4,140–4,145 Near resistance
4,105–4,115 Near support
4,075–4,085 Strong support
4,030–4,040 Deep support
3. Today’s trading plan
Scenario 1 – BUY priority
* Entry: 4,105–4,115
* SL: 4,088
* TP1: 4,140
* TP2: 4,160
* TP3: 4,175
Condition: Wait for price to pull back to the support zone and a bullish confirmation candle to appear on M15.
Scenario 2 – BUY breakout
* Entry: When H4 closes above 4,170, wait for a retest.
* SL: 4,145
* TP1: 4,195
* TP2: 4,220
Scenario 3 – SELL if reversal happens
* Entry: 4,155–4,170 when rejection signals appear.
* SL: 4,185
* TP1: 4,115
* TP2: 4,085
Do not SELL just because price is at a high area; a reversal confirmation is needed.
4. News to watch
* A weakening USD and falling US bond yields are supporting gold.
* Gold has risen strongly over the last two sessions.
* On 6/11 there will be Nonfarm news, expected at 20:30 Vietnam time, which may cause strong volatility.
5. Trading conclusion
Prioritize BUY on pullbacks
* Do not chase BUY at 4,141.
* Good BUY zone: 4,105–4,115.
* Zone to watch for reaction: 4,155–4,170.
* If 4,105 breaks, be cautious about the possibility of a deeper correction.
#XAUUSD #Nonfarm #gold
H4 trend: Strong bullish recovery
1. H4 technical analysis
* Gold fell sharply from the 4,170 area to the 3,880 area.
* After forming a bottom around 3,880, price reversed and recovered very strongly.
* Consecutive green candles show that buying pressure is dominant.
* Price has approached the 4,140–4,170 resistance zone.
Assessment: The short-term trend is leaning toward BUY, but price has risen quite quickly, so do not chase entries immediately at 4,141.
2. Important price zones
Price zone Role
4,160–4,170 Strong resistance
4,140–4,145 Near resistance
4,105–4,115 Near support
4,075–4,085 Strong support
4,030–4,040 Deep support
3. Today’s trading plan
Scenario 1 – BUY priority
* Entry: 4,105–4,115
* SL: 4,088
* TP1: 4,140
* TP2: 4,160
* TP3: 4,175
Condition: Wait for price to pull back to the support zone and a bullish confirmation candle to appear on M15.
Scenario 2 – BUY breakout
* Entry: When H4 closes above 4,170, wait for a retest.
* SL: 4,145
* TP1: 4,195
* TP2: 4,220
Scenario 3 – SELL if reversal happens
* Entry: 4,155–4,170 when rejection signals appear.
* SL: 4,185
* TP1: 4,115
* TP2: 4,085
Do not SELL just because price is at a high area; a reversal confirmation is needed.
4. News to watch
* A weakening USD and falling US bond yields are supporting gold.
* Gold has risen strongly over the last two sessions.
* On 6/11 there will be Nonfarm news, expected at 20:30 Vietnam time, which may cause strong volatility.
5. Trading conclusion
Prioritize BUY on pullbacks
* Do not chase BUY at 4,141.
* Good BUY zone: 4,105–4,115.
* Zone to watch for reaction: 4,155–4,170.
* If 4,105 breaks, be cautious about the possibility of a deeper correction.
#XAUUSD #Nonfarm #gold
