XAUUSD 30M Quick Analysis

2026-05-18

Key Levels

• Support: 4540–4550
• Resistance 1: 4598–4605
• Resistance 2: 4638–4660

Bullish Scenario

If price holds above the neckline and retests successfully:

• Possible move toward 4600 then 4640+

Bearish Scenario

If price falls back below 4550:

• Breakout may fail
• Price can revisit 4520 or lower

Professional View

Current setup favors short-term buying momentum, but overall trend is still bearish until price breaks and holds above the major supply zone near 4640–4660.