XAUUSD Technical Analysis finds gold probing the 3365 area on the Daily (D1) chart, with momentum compressing just above a rising average. This article applies only technical analysis via RSI, a single moving average (MA), and MACD to map the next paths for gold.
Source: cTrader platform
On the D1 timeframe, price holds above a gently rising MA that runs through ~3350–3355. Overhead supply builds into 3405–3410, where recent daily highs clustered last week. The current pivot sits near 3365, making 3350 (MA zone) the key support and 3410 the immediate resistance that must break for trend continuation.
RSI: The oscillator hovers around the neutral 50 line, signaling balance but tilting constructive while it holds above 45. A sustained push above 55 would indicate renewed bullish momentum; a slip beneath 45 would warn of downside follow-through. Moving Average (MA): The single MA on the chart is rising and sits just below price (~3350–3355), acting as dynamic support. As long as daily candles respect this rising guide, bulls retain a structural edge. MACD: Lines are flattening around the zero axis with a modest, stabilizing histogram. A fresh bull cross with bars turning positive would confirm upside continuation; a bear cross with expanding negative bars would validate a break of the MA.
Idea: Trend-following continuation if momentum re-accelerates above the near-term pivot. Entry: Buy on a daily close above 3375, ideally with RSI > 55 and a MACD turn up/positive histogram. Stop-Loss: 3345 (just beneath the rising MA support). Target: 3410 (recent swing resistance). A decisive close above 3410 can open 3425+ as an extension.
If RSI slips below 45 and MACD rolls under its signal with growing negative histogram, look for a daily close below 3340 (clean break of the MA). That would validate downside momentum. Entry: Sell on a daily close below 3340. Stop-Loss: 3368. Target: 3310. In sum, 3350 (rising MA) is the line the bulls must defend, while 3410 caps the immediate upside. Watch RSI’s stance around 50 and MACD’s turn at the zero line—together with the rising MA they provide the clearest roadmap for XAUUSD into the next 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.
XAUUSD Technical Analysis for Aug 11: gold near 3365 on D1; rising MA supports 3350 as RSI ~50 and MACD flatten. Watch 3410 resistance.
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