Gold Technical Analysis XAUUSD: Gold is trading in an uptrend today, recording a high of 2862.04 and a low of 2838.45, with the yellow metal currently trading at 2858.56. This indicates the continuation of the bullish momentum in the market, with prices rising during the current session.
Gold Technical Analysis XAUUSD: Technical Analysis
Through technical analysis, we notice that gold prices are trading above the moving averages, indicating the continuation of the bullish trend. Moving above these averages reinforces expectations of the possibility of continuing the bullish momentum in the short to medium term.
MACD Indicator: The MACD indicator shows a positive crossover and stabilizes in the positive zone, supporting the bullish trend. This signal confirms the strength of the bullish momentum, indicating that the price may continue to rise if these levels continue to be maintained.
Expectations:
Gold is expected to continue moving upward in the near term, especially if it continues to trade above the moving averages. As the positive momentum continues, we may see further gains towards higher resistance levels. In case of any pullback below the support level at 2838.45, we may see a corrective move or sideways trading.

Trading strategies based on Buy/Sell levels
XAUUSD | In case of buying | in case of selling |
Entry point | 2867.93 | 2842.66 |
Target Point 1 (TP1) | First resistance: 2880.57 | First support: 2830.03 |
Target Point 2 (TP2) | Second resistance: 2886.00 | Second support: 2824.12 |
Stop Loss (SL) | 2842.66 | 2867.93 |
The overall trend for gold indicates a continuation of the upward movement, supported by positive signals from the moving averages and the MACD indicator. It is important to monitor support and resistance levels to identify suitable opportunities within the current trend.