Gold Technical Analysis XAUUSD: Gold is trading in an uptrend today, recording a high of 2954.26 and a low of 2938.70, and is currently trading at 2944.74.
Gold Technical Analysis XAUUSD: Technical Analysis
Technically, gold is trading above the moving averages, which reinforces the support for the uptrend at the moment. The MACD indicator also indicates a positive trend, reflecting strong upward momentum that may continue to push prices higher in the short term.
Trading Expectations:
Gold’s continued trading above the moving averages shows that the uptrend remains in control. Gold is expected to continue moving in an uptrend as long as the positive momentum supported by the MACD indicator continues, with the possibility of some fluctuations, but the general trend supports the rise in the short term.
Trading strategies based on Buy/Sell levels
| XAUUSD | In case of buying | in case of selling |
| Entry point | 2949.51 | 2935.67 |
| Target Point 1 (TP1) | First resistance: 2556.43 | First support: 2930.48 |
| Target Point 2 (TP2) | Second resistance: 2961.20 | Second support: 2925.55 |
| Stop Loss (SL) | 2935.67 | 2949.51 |
Gold appears to be in an uptrend supported by prices trading above moving averages and positive momentum from the MACD indicator. The uptrend is expected to continue in the short term, providing trading opportunities in this direction as long as the positive momentum persists.
