The XAUUSD pair has shown significant movement over the past 24 hours. On the 1-hour chart, several technical indicators suggest that a shift in trend may be on the horizon. This analysis uses moving averages (MA50 and MA200), RSI, and MACD to provide insights into the next potential move.
As of April 4, 2025, XAUUSD is trading near the 2310 level. After peaking around 2335, the pair retraced sharply, falling below the 50-period moving average (MA50) and approaching the 200-period moving average (MA200) as a crucial support level.
※Image sourced from the cTrader platform.
The MA50 (yellow line) is trending downward, suggesting short-term bearish pressure. The MA200 (red line) has held firm as a support zone around 2300. If the price holds this level, we may see a bullish reversal. A break below, however, could indicate further downside.
The Relative Strength Index (RSI) is hovering above 40, signaling weak buying interest. It hasn’t entered oversold territory, but a drop below 30 could spark bullish interest.
The MACD remains bearish for now, with the MACD line below the signal line. However, the histogram bars are shrinking, suggesting that bearish momentum might be fading.
XAUUSD is at a decision point. A bounce from the MA200 and bullish crossover in MACD could support a recovery towards the 2325 resistance zone. A confirmed breakdown below 2300 might lead to further losses toward the 2290 support level.
Buyers may look for confirmation signals like MACD crossover and RSI recovery above 50.
Sellers should watch for a clean break and close below MA200 with strong volume.
Key levels to watch:
Resistance: 2325 (MA50)
Support: 2300 (MA200), then 2290
The current XAUUSD chart reflects a market in transition. With critical support levels being tested and momentum indicators showing early signs of change, traders should remain alert for confirmations in the coming sessions. 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.
Latest XAUUSD technical analysis for April 4, 2025. See price action, support/resistance levels, and signals from MA50, MA200, RSI, and MACD.
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