Technical analysis of XAUUSD today. This week, XAU/USD gold prices experienced a strong upward trend this week, supported by a weaker dollar and increased demand for safe-haven assets. However, as it approaches strong resistance levels, it has begun to slow, putting the market to the test of buyers’ ability to maintain the upward momentum.
Technical analysis of XAUUSD today: Gold Technical Overview
The short-term trend remains bullish as long as the price remains above $3,283, but a slight pullback from the high of $3,335 suggests potential profit-taking. The price is currently trading in a narrow range, reflecting a state of anticipation ahead of important US data later today.
Technical Indicator Analysis
The MACD: indicator remains positive, but shows a slowdown in upward momentum, with the two lines converging.
The Stochastic Oscillator: is currently in overbought territory and showing a slight downward slope, which could indicate a short-term correction.
Moving Averages: The short-term ones are still sloping upward, supporting the possibility of a continued rise unless 3305 is broken.
Expected Scenarios for Gold
Bullish Scenario
If gold succeeds in holding above 3321, it may resume its rise to test 3335. If it is broken, the next target will be 3354, a psychological and technical resistance zone.
Bearish Scenario
If the price breaks the support level of 3305, a downward correction wave may extend to 3283 and possibly even 3264 if selling pressure continues.
Trading strategies based on Buy/Sell levels
| In case of buying | in case of selling | XAU/USD |
| 3300.39 | 3283.68 | Entry point |
| First resistance: 3322.00 | First support: 3264.03 | Target Point 1 (TP1) |
| Second resistance: 3233.00 | Second support 3250.00: | Target Point 2 (TP2) |
| 3283.68 | 3300.39 | Stop Loss (SL) |
Gold is maintaining a bullish structure so far, but its proximity to strong technical resistance and oversold momentum indicators could push the price into a short correction before any further upward attempt. All eyes remain on the US inflation data this evening, which could determine gold’s direction for the coming week.
Economic News Affecting Gold – Friday, May 27, 2025:
United States – 12:30 GMT:
- Personal Expenditures (PCE) Data
- Core PCE Price Index
This data is an important inflation indicator monitored by the US Federal Reserve and will directly impact the movement of the dollar, and consequently, gold.
