XAUUSD Technical Analysis shows that Gold is attracting strong attention as it hovers near the critical $3,408 resistance. In this analysis, we evaluate the chart exclusively with RSI, Moving Average (MA), and MACD to forecast the next potential move.
Source: cTrader platform
XAUUSD has been trading in an upward channel throughout 2025, with the $3,408 level acting as a strong resistance tested multiple times. Price action shows consistent support around $3,300, underpinned by the 50-day moving average, which remains positively sloped.
The RSI is currently hovering near 60, reflecting renewed bullish momentum without yet entering overbought territory. This suggests further upside potential. The moving average confirms underlying strength, as the price continues to trade above it, signaling trend stability. Meanwhile, the MACD shows a bullish crossover after prolonged consolidation, pointing to a possible momentum shift in favor of buyers.
Entry: Buy on a confirmed daily close above $3,408.
Stop-Loss: $3,340 (below MA support).
Target: $3,500 – psychological barrier and next resistance zone.
If the RSI weakens and the MACD momentum fades, rejection from $3,408 could trigger a pullback. A daily close below the MA support would confirm this, exposing $3,300 and potentially $3,200.
This XAUUSD Technical Analysis highlights gold consolidating near the $3,408 resistance. RSI, MA, and MACD suggest bullish potential, but rejection risks remain. A breakout could lead towards $3,500, while failure may trigger a pullback. Traders should watch these levels closely for directional cues.
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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.
XAUUSD Technical Analysis for August 29, 2025: Gold tests $3,408 resistance as RSI, MA, and MACD align for a potential bullish breakout.
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