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The XAU/USD currency pair price gained 0.760% on the last trading day (Tuesday, 29th Apr 2025), rising from $3,294.34 to $3,319.39. During the last trading day the currency pair fluctuated 1.51% from a day low at $3,309.40 to a day high of $3,359.30. The price has risen in 7 of the last 10 days and is up by 2.69% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 224 more shares were traded than the day before. In total, 224 shares were bought and sold for approximately $743.54 thousand.
The currency pair lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled.Given the current short-term trend, the currency pair is expected to rise 16.81% during the next 3 months and, with a 90% probability hold a price between $3,604.08 and $4,004.06 at the end of this 3-month period.
The XAU/USD currency pair holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the currency pair giving a positive forecast for the currency pair. On further gains, the currency pair will meet resistance from the short-term Moving Average at approximately $3,337.32. On a fall, the currency pair will find some support from the long-term average at approximately $3,133.76. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). XAU/USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 21, 2025, and so far it has fallen -1.86%. Further fall is indicated until a new bottom pivot has been found.
On the downside, the currency pair finds support just below today's level from accumulated volume at $3,110.46 and $3,090.31.There is a natural risk involved when a currency pair is testing a support level, since if this is broken, the currency pair then may fall to the next support level. In this case, XAU/USD finds support just below today's level at $3,110.46. If this is broken, then the next support from accumulated volume will be at $3,090.31 and $3,037.41.
This currency pair has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the currency pair moved $49.90 between high and low, or 1.51%. For the last week, the currency pair has had daily average volatility of 1.50%.
XAU/USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Check full XAU/USD forecast and analysis here.