Gold Technical Analysis XAUUSD: Gold (XAU/USD) is trading in an uptrend today, recording a high of 2808.44 and a low of 2790.70, and is currently trading at 2806.26. This trend reflects the continued upward momentum in the market, as evidenced by the continuous price movements in an upward direction.
Gold Technical Analysis XAUUSD: Price Analysis and Trading
Gold is recording strong upward movements today, as it is currently trading above the major moving averages, which reinforces the positive outlook for the uptrend. This indicates the market’s preference for buying, with the increase in buying momentum. If trading continues above these averages, the probability increases for further increases, with the possibility of testing new resistance levels.
Technical Analysis
Moving Averages: Gold prices continue to trade above the major moving averages, such as the 50- and 200-day simple moving averages, which supports the current uptrend. This technical condition indicates that purchasing power is dominating the market, which reinforces expectations of a price increase in the near future.
MACD Indicator: The MACD indicator indicates a positive trend, as the gap between the MACD line and the signal line is increasing, reflecting strong bullish momentum. This analysis reinforces the idea of the continuation of the bullish trend in the near term, especially if the MACD readings continue to interact positively with price movements.
Future Outlook:
Gold is expected to continue its upward movement during the coming period if trading continues above the moving averages. If the purchasing momentum continues, we may see gold continue to test new resistance levels such as 2815.00 or 2830.00. Traders should follow the developments of the MACD indicator and support and resistance levels to monitor trend changes.

Trading strategies based on Buy/Sell levels
XAUUSD | In case of buying | in case of selling |
Entry point | 2712.88 | 2799.08 |
Target Point 1 (TP1) | First resistance: 2819.78 | First support: 2791.69 |
Target Point 2 (TP2) | Second resistance: 2825.22 | Second support: 2785.55 |
Stop Loss (SL) | 2799.08 | 2712.88 |
Gold is expected to remain in an uptrend in the near term. Traders are advised to monitor price action around key support levels such as 2790.00 and 2780.00, as well as the MACD and moving averages that support the bullish outlook.