XAUUSD Technical Analysis – April 8th, 2025

The gold market (XAUUSD) continues to exhibit bearish pressure as price action remains below key moving averages, signaling ongoing selling strength. In this latest 1-hour chart analysis of XAUUSD, we break down the most significant technical indicators to uncover what may lie ahead for gold traders.

XAUUSD Price Overview: Bearish Momentum Below Key Moving Averages

The XAUUSD 1-hour timeframe reveals a clear downtrend over the past few days. Price has been consistently trading below both the 50-period moving average (yellow line) and the 200-period moving average (red line), confirming a bearish market structure.

Most recently, the gold price attempted to break above the psychological resistance at $3,000, but failed to hold gains, currently trading around $2,998.95. This rejection at a round-number resistance could indicate that bulls are struggling to regain control.

XAUUSD RSI Indicator Analysis: Weak Bullish Recovery

The Relative Strength Index (RSI) is hovering just below the midline (50), reflecting weak bullish momentum. There were brief oversold conditions during the steep drop on April 5th, which led to a mild bounce. However, without sustained buying volume, RSI suggests the market is still lacking strength to reverse.

XAUUSD MACD Indicator: Bearish Signal Persists

The MACD histogram remains below the zero line, while the MACD line and signal line show a slight convergence—hinting at potential consolidation rather than a strong reversal. As long as the MACD does not cross into positive territory, any bullish moves may be limited or short-lived.

Key Levels to Watch in XAUUSD

Resistance: $3,000 psychological barrier, followed by the 50 MA around $3,025
Support: $2,970, with further downside risk toward $2,940 if selling accelerates

Gold Trading Volume Insight and Market Behavior

Volume spikes during major downward moves in XAUUSD suggest strong participation from sellers. Until we see similar volume on upward candles, the bias remains tilted to the downside.

Conclusion: XAUUSD Bearish Bias Until Break Above $3,000

Unless XAUUSD decisively breaks above the $3,000 mark and the 50-period MA, the broader trend remains bearish. Traders should remain cautious and look for confirmation before entering long positions.

Keep an eye on upcoming economic data and geopolitical developments that could influence gold prices in the short term.

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Disclaimer: This content is provided for informational purposes only and does not constitute investment advice. Please be sure to conduct your own research.