XAU/USD Technical Analysis: Gold Faces Key Test at 3150 Support

David Wilson
May 15, 2025

Overview

As of May 15, 2025, the Gold price (XAU/USD) is trading near the crucial support level at $3,153. Traders closely watch this area, as it will significantly influence gold’s short-term price movement. This gold price analysis utilizes key technical indicators, including the MA50, MA200, RSI, and MACD, to help traders identify potential market directions. XAU/USD gold price analysis chart

Source: cTrader Platform

Moving Averages (MA50 & MA200)

MA50 (Yellow): Gold price is currently testing the MA50, acting as dynamic support. Recently, this moving average has supported bullish price movements, but repeated tests may indicate weakening bullish momentum.
MA200 (Red): The MA200 remains significantly below the current price level, highlighting the overall long-term bullish trend. If prices maintain above the MA200, traders may consider price dips as potential buying opportunities.

Relative Strength Index (RSI)

The RSI indicator for gold currently stands near 40, signaling neutral to slightly oversold conditions. While there remains room for further downward movement, a dip towards the oversold threshold (around 30) could present attractive buying opportunities for traders.

MACD Indicator

The MACD indicator recently experienced a bearish crossover, highlighting increasing downward pressure. Additionally, the expanding bearish histogram confirms this momentum. Traders should closely monitor the MACD for potential reversal signals or divergences that could suggest an upcoming recovery.

Key Levels to Watch

Immediate Support ($3,150): A decisive break below this level might trigger increased selling pressure, potentially targeting the next support around $3,100.
Immediate Resistance ($3,200): If the gold price rebounds strongly, overcoming resistance at $3,200 would be critical for bullish momentum continuation.

Trading Strategy Outlook

Bullish Scenario: If the gold price successfully holds above the MA50 around $3,150, traders might consider long positions aiming initially towards $3,200 or higher.
Bearish Scenario: A clear breach below the $3,150 support level may create short-selling opportunities, targeting lower support levels around $3,100.

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.

Explore our gold price analysis as XAU/USD tests critical $3,150 support. Insights include MA50, MA200, RSI, and MACD indicators.

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David Wilson

Author

David Wilson has extensive experience in currency and commodities trading. He began his career in metal sales and trading at Societe Generale in London. He went on to work as a senior analyst within the FX industry where he developed and refined his own trading and risk management strategies. Having a solid understanding of market dynamics, he founded his own research and asset management services and works with FIXIO to provide timely market commentary on the global financial markets.

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