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XAUUSD Technical Analysis (Aug 8): Bullish Momentum Builds

XAUUSD Technical Analysis (Aug 8): Bullish Momentum Builds

This XAUUSD Technical Analysis for August 8, 2025 shows gold trading tightly near the 3388 level. Traders are closely watching for a potential breakout amid renewed momentum. In this article, we conduct a focused technical analysis using only RSI, moving average (MA), and MACD.

XAUUSD Technical Analysis August 8 2025 MACD RSI Moving Averages Chart

Source: cTrader platform

XAUUSD Technical Analysis: Market Structure Overview

Gold (XAUUSD) has remained in consolidation above 3300, forming a narrow range between 3330 support and 3390 resistance. Recent candles signal a push toward 3388.65 with increased volume. The price continues to trade above the cloud and key moving averages, signaling resilience and potential for upside continuation.

XAUUSD Indicators Review: RSI, MA, and MACD Signals

The 50-day moving average stays above the 200-day MA, confirming the bullish structure. Price remains near the 50-MA, indicating a steady accumulation phase. Moreover, MACD has just completed a bullish crossover, with the MACD line crossing above the signal line near the zero level. This move often signals increasing momentum when supported by price confirmation above resistance. Meanwhile, RSI trends upward and currently sits near 55. The value remains neutral, but its direction suggests building momentum. If RSI sustains above 50, further bullish continuation is likely.

Primary Scenario: Bullish Breakout Toward 3440

If XAUUSD breaks and closes above 3390, it could initiate a bullish breakout toward the next target at 3440.

  • Entry: Above 3390
  • Stop-Loss: Below 3350
  • Target: 3440

This scenario is supported by bullish momentum in MACD, rising RSI, and the structure above both major MAs.

Alternative Scenario: Breakdown Back Toward 3300

However, if XAUUSD fails to break above 3390 and closes below 3350, bearish pressure may return. In this case, MACD might flatten or turn down, and RSI could dip below 50—indicating weakness. As a result, price could revisit the 3300 support zone. Watch MACD and RSI for signs of momentum reversal.

Conclusion: XAUUSD Technical Analysis Outlook

To conclude, this XAUUSD Technical Analysis highlights growing bullish pressure, confirmed by MACD crossover and upward RSI. A clear break above 3390 could trigger a rally toward 3440. On the other hand, failure to hold 3350 would weaken the setup. As always, monitor the key indicators for confirmation. 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 August 8 shows signs of bullish momentum. MACD and RSI align for a potential breakout above 3390.

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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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