XAUUSD Technical Analysis for August 12 shows gold testing the 3345 area on the Daily (D1) chart, holding just above a rising moving average. This report uses only technical analysis indicators—RSI, MA, and MACD—to map the next possible move for gold.
Source: cTrader platform
Gold remains in consolidation between the 3410 resistance and the 3300 support zone. The latest candle shows a move back to 3345 support, aligned with the rising MA, making this level critical for direction.
RSI is near the 50 midpoint, showing neutral momentum. The MA is trending upward, acting as dynamic support around 3340–3345. The MACD is flat near zero, hinting at a balanced market awaiting momentum.
If 3345 holds, and RSI rises above 55 with a MACD bullish cross, gold could rally toward 3410. Entry: 3348, SL: 3330, TP: 3410.
If price closes below the MA and RSI falls under 45 with MACD turning negative, sellers may push to 3300. Entry: 3330, SL: 3355, TP: 3300.
For August 12, 3345 is the key level. With RSI neutral, MA support, and flat MACD, XAUUSD Technical Analysis suggests a breakout toward 3410 or a drop to 3300. 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 Aug 12: Gold holds 3345 support on D1; MA supports, RSI near 50, MACD flat. Watch for move toward 3410 or 3300.
Superior trade execution & trading conditions with the NDD method.
The online FX industry provides a platform for investors worldwide to engage in the buying and selling.
Subscribe to our daily newsletter and get the best forex trading information and markets status updates
Trade within minutes!
Comment (0)