XAU/USD currency pair price ended at $3,379.46 on Tuesday, after gaining 3.81%

The XAU/USD currency pair price gained 3.81% on the last trading day (Tuesday, 6th May 2025), rising from $3,255.43 to $3,379.46. During the last trading day the currency pair fluctuated 3.09% from a day low at $3,332.10 to a day high of $3,434.99. The price has been going up and down for this period, and there has been a 1.55% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 239 thousand more shares were traded than the day before. In total, 239 thousand shares were bought and sold for approximately $807.99 million.

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 16.96% during the next 3 months and, with a 90% probability hold a price between $3,659.10 and $4,057.07 at the end of this 3-month period.

The XAU/USD currency pair holds buy signals from both short and long-term Moving Averages giving a positive forecast for the currency pair. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $3,292.93 and $3,177.14. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 -0.0878%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

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 $102.89 between high and low, or 3.09%. For the last week, the currency pair has had daily average volatility of 1.28%.

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.