Gold Technical Analysis XAUUSD: Gold is trading in an uptrend today, as it witnessed a significant upward movement, with the highest trading price for the day at $2836.59 and the lowest at $2809.75. Currently, it is trading at $2829.85. These movements represent the natural volatility of the market in light of the ongoing upward trend.
Gold Technical Analysis XAUUSD: Technical Analysis
- Moving Averages:
The current price movement indicates that gold is trading above the moving average indicators, reflecting a state of strong upward momentum. This indicates that the market is in a continuous upward phase, as trading above these averages provides positive signals that support the upward trend and call for optimism for traders in the short and medium term.
- MACD Indicator:
The MACD indicator also supports the positive trend, as it shows upward momentum and indicates that purchasing power outweighs selling power. This signal from MACD contributes to strengthening the optimistic view of the market at the present time, indicating the possibility of the upward trend continuing.
Market Outlook:
Given the current market movement and technical indicators, we can expect that gold may continue its upward trajectory as long as it continues to trade above the moving averages. If the positive momentum continues, we may see gold heading towards higher levels, while monitoring any changes in global markets or economic news that may affect the demand for gold as a safe haven.

Trading strategies based on Buy/Sell levels
XAUUSD | In case of buying | in case of selling |
Entry point | 2836.59 | 2820.13 |
Target Point 1 (TP1) | First resistance: 2845.26 | First support: 2813.03 |
Target Point 2 (TP2) | Second resistance: 2850.00 | Second support: 2807.00 |
Stop Loss (SL) | 2820.13 | 2836.59 |
Gold appears to be well positioned to enter a new uptrend.
supported by the moving averages and MACD. However, traders should watch for nearby support and resistance levels and any changes in economic factors that could impact market movements. With these positive indicators, gold remains in a strong phase, but caution is always warranted when trading amidst potential volatility.