source: cTrader
Gold (XAU/USD) has broken above the 50-period moving average (MA50) and the 200-period moving average (MA200). This golden cross indicates bullish continuation potential in our current gold price analysis. The price is now testing resistance around 3118.15, with momentum favoring a possible breakout toward 3150. Increasing volume supports this move, showing market conviction behind the recent gains.
The Relative Strength Index (RSI) is currently above 70, suggesting strong bullish momentum. Although overbought, in trending markets, this can be a continuation signal. The MACD is also trending bullish, with a widening gap between the MACD line and the signal line, both remaining above the zero level. This confirms upward price pressure in the short term.
Short-term traders may seek entry points on pullbacks or a confirmed close above resistance. The alignment of the MA50 and MA200 along with positive MACD divergence enhances the bullish setup described in this gold price analysis. Swing traders may interpret the technical setup as an early signal for a broader trend continuation, particularly if upcoming economic news weakens the U.S. dollar.
This gold price analysis shows a strong technical outlook for XAU/USD on April 10, 2025. With momentum building and key levels in play, the precious metal remains a watchlist candidate for active forex traders. Stay tuned for the latest updates right here on FIXIO Blog. Disclaimer: This content is provided for informational purposes only and does not constitute investment advice. Please be sure to conduct your own research.
Gold price analysis for April 10, 2025: XAU/USD eyes breakout as RSI and MACD align. See levels, trends, and trader outlook.
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