Gold prices (XAU/USD) have seen a strong jump over the past few hours, as the price successfully breached key resistance levels and continued its upward trend, supported by strong buying momentum and investor optimism toward safe havens. In this technical report, we provide a thorough analysis of gold’s movement using technical indicators and identify the most important support and resistance levels to monitor.
Market Overview | Real-Time Gold Performance
- Current Price: 3243.10
- Record High: 3243.88
- General Trend: Bullish
Gold continues to record new highs, driven by increased demand for risk hedging, while risk appetite in financial markets declines. Trading is on a clear upward trajectory in the short term.
Technical Analysis of XAUUSD Gold | Crucial Technical Signals
General Trend:
- The current trend is strongly bullish, supported by the moving averages (20, 50, and 100), which are showing a clear bullish crossover.
- The price is stable above all moving averages, reinforcing the continued positive momentum.
Technical Indicators:
- MACD: In positive territory and showing widening bars, indicating strong upward momentum.
- Stochastic Oscillator: Trading above 74, indicating the overbought zone, with the potential for further upward movement as long as no reversal signal appears.
Price Action:
The price broke the resistance at 3207.58 and stabilized above it, then surpassed 3240.44 and is now on track to test higher resistance at 3253 and possibly 3279.
Gold Price Forecast | Will the Rise Continue?
Positive Scenario:
If the price maintains stability above 3253.07, it is likely to continue its upward trend, targeting 3279.09 and then 3287.52 in the near term, especially given the weak dollar and growing geopolitical concerns.
Negative scenario:
If gold fails to maintain the 3253.07 level and declines below 3253.07, a correction towards 3187.17 may begin, which could be considered a new buying opportunity.
Trading strategies based on Buy/Sell levels
| XAUUSD | In case of buying | in case of selling |
| Entry point | 3253.07 | 3207.98 |
| Target Point 1 (TP1) | First resistance: 3279.09 | First support: 3187.17 |
| Target Point 2 (TP2) | Second resistance: 3287.52 | Second support: 3182.74 |
| Stop Loss (SL) | 3207.98 | 3253.07 |
Gold is currently in a technically bearish neutral position, requiring a break of resistance at 3037.11 or support at 3012.64 to confirm the next trend. Investors and traders await important US economic data, making markets more volatile in the coming hours. Caution is advised and avoid rushing into positions without clear signals.
