Gold Technical Analysis XAUUSD: Gold is trading in an uptrend today, recording its highest price so far at 2642 and its lowest price at 2618, and is currently trading at 2640. Technical analysis shows that prices are moving above the main moving averages, which strengthens the strength of the uptrend and indicates the continuation of positive momentum in the markets.
Gold Technical Analysis XAUUSD: Analysis of Technical Indicators
- Moving Averages:
Gold is currently trading above the moving averages, reflecting the strength of the uptrend. This signal is a positive indicator that supports the continuation of the uptrend as long as prices remain above these averages.
- MACD Indicator:
The MACD indicator is showing positive signals as it continues to fluctuate in the uptrend zone, reflecting the continuation of the upward momentum. The intersection of the two lines forming the indicator supports the positive view and reinforces expectations that the uptrend may continue.
Future Outlook:
Gold is expected to continue its upward trend in the short term, especially if trading continues above the 2618 level.
which represents a close support. If the bullish momentum continues, gold could target the next resistance level around 2645, and could extend towards 2650 if buyers continue to flow.
Trading strategies based on Buy/Sell levels
| XAUUSD | In case of buying | in case of selling |
| Entry point | 2645 | 2627 |
| Target Point 1 (TP1) | First resistance: 2655 | First support: 2619 |
| Target Point 2 (TP2) | Second resistance: 2666 | Second support: 2616 |
| Stop Loss (SL) | 2627 | 2645 |
Gold is showing strong signs of bullish continuation, supported by moving averages and MACD. Positive momentum is expected to remain in place if prices remain above current support levels. It is recommended to follow 2645 levels as a major resistance, as a sustained breakout there would be a strong signal for bullish continuation.
