This XAU/USD breakout analysis for May 6, 2025, shows gold prices pushing toward a critical resistance at $3360.72. Following a recovery from late-April consolidation, market momentum is building. Traders are watching for a decisive breakout or rejection at this level, which may determine short-term direction.
source: cTrader
The chart reveals that the MA50 continues to act as dynamic support throughout April and early May, currently sloping upward—indicating sustained short-term bullish pressure. The price has consistently remained above this line, suggesting healthy momentum behind recent buying activity. Meanwhile, the MA200 is steadily rising, reinforcing the broader bullish trend. Importantly, the wide gap between MA50 and MA200 underlines the strength of this long-term uptrend, with no imminent sign of bearish crossover.
The Relative Strength Index (RSI) is recovering from the mid-zone (40–50 range) and is gradually heading toward the overbought territory. Currently hovering below the 70 level, the RSI suggests increasing buying pressure, but not yet at an overextended condition. This supports the bullish view in our XAU/USD breakout analysis.
The MACD line is positioned above the signal line and trending higher, while the histogram is expanding positively. This confirms the recent bullish momentum and supports the case for a potential breakout above the $3360 level.
The horizontal resistance at $3360.72 has historically acted as a ceiling for gold prices. A clean break and daily close above this level could trigger follow-through buying, with possible short-term targets near $3400 and beyond. Conversely, a failure to breach this resistance may lead to a retest of the MA50 around the $3250–$3280 zone, according to this XAU/USD breakout analysis.
This XAU/USD breakout analysis also takes into account macroeconomic factors. Traders should monitor global risk sentiment, inflation data, and upcoming Fed commentary for further directional clues.
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.
XAU/USD breakout analysis shows gold nearing the $3360 resistance. Check the trend using RSI, MACD, and moving averages.
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