technical analysis of XAUUSD today . Gold rebounded from the 3240-support level after a four-day decline, but faces crucial resistance at 3270 amid a lack of strong buying momentum.
Markets are awaiting Friday’s NFP data, which will be decisive in determining gold’s direction against the dollar.
Technical analysis of XAUUSD today: Overview
- The general trend remains bearish
- The price is trading between the 3240 support and 3270 resistances
- The current technical rebound requires confirmation by breaking 3288
Indicator Analysis:
- EMA: The price is below the averages, and momentum remains weak
- MACD: Positive but moving sideways
- Stochastic: In the overbought zone, indicating a possible slowdown in the upside
Technical analysis of XAUUSD today: Expected Scenarios:
Potential Upside:
- A break of 3270 will push the price to:
- 3288
- 3300
Expected Downside:
- A break of 3260 will bring the price back to:
- 3240
- 3225
Trading strategies based on Buy/Sell levels
| XAUUSD | In case of buying | in case of selling |
| Entry point | 3272.01 | 3255.27 |
| Target Point 1 (TP1) | First resistance: 3288.75 | First support: 3240.93 |
| Target Point 2 (TP2) | Second resistance: 3298.75 | Second support: 3230.93 |
| Stop Loss (SL) | 3255.27 | 3272.01 |
Gold is showing a limited technical recovery, but without a break of 3270, the overall trend remains under pressure.
Tomorrow’s US jobs data will be the key deciding factor in determining the next direction.
Awaiting Economic Data:
- Friday, May 3, 2025:
- US Nonfarm Payrolls (NFP) Report
- Unemployment Rate
This data is pivotal for gold’s movement, as it directly affects the Federal Reserve’s monetary policy expectations, and consequently, the dollar and yields.
