XAUUSD Technical Analysis shows gold testing the $3,534 resistance level after months of strong bullish momentum. Traders are assessing whether this uptrend will extend or if a pullback is due. This article focuses strictly on technical analysis using RSI, Moving Average (MA), and MACD. 
Source: cTrader platform
The XAUUSD market structure highlights a strong bullish trend that has accelerated since late 2023. Price action shows higher highs and higher lows, supported by institutional buying pressure. The ceiling at $3,534 marks a key resistance where bulls face an important test.
The RSI is deep in overbought territory, hinting that upside may be limited without a correction. The 50-period Moving Average slopes sharply upward, confirming bullish momentum and acting as dynamic support. The MACD remains positive, reinforcing continued buying pressure.
Entry: Above $3,540 on breakout Stop-Loss: $3,480 Target: $3,600, extension toward $3,650 This scenario is supported by sustained bullish signals in MA and MACD, with RSI confirming momentum despite stretched levels. A breakout continuation would validate higher targets.
If RSI divergence appears and MACD weakens, XAUUSD could face a pullback. A drop under $3,480 would confirm correction toward $3,400 support before another bullish attempt.
XAUUSD Technical Analysis confirms that gold is at a critical point. MA and MACD point to further upside, but the overbought RSI urges caution. Watch the $3,534 resistance closely: a breakout may fuel new highs, while rejection could spark a pullback. 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 nears $3,534 resistance as RSI shows overbought conditions, MA confirms bullish momentum, and MACD signals strength.
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