Gold (XAUUSD) remains firmly in a bullish trend, currently trading at $3,228.24. Price action continues to hold above all major moving averages (EMA and SMA on 1H and 4H charts), indicating strong market support and trend continuity. Short-term momentum remains positive, though indicators such as MACD and RSI suggest a possible slowdown or brief consolidation ahead.
On the 4H chart, momentum is still to the upside, but MACD signals are beginning to flatten, pointing to reduced bullish pressure. RSI and stochastic oscillators are neutral, showing that gold is not yet overbought, but the rally may be losing steam temporarily.
The current price hovers between the daily pivot ($3,146) and the first resistance level (R1) at $3,336. This suggests a slightly bullish intraday bias with potential for continued upside if resistance is broken. However, price action near the $3,330–$3,350 zone could face selling pressure, especially without a strong catalyst.
Support levels are found at $3,150 and $3,070, while resistance lies at $3,336 and the psychological barrier of $3,400. A breakout above $3,350 would likely trigger fresh bullish momentum, while failure to break this zone could lead to short-term consolidation or minor retracement.
Forecast: Cautiously bullish. While the broader trend remains upward, short-term technicals indicate a potential pause or correction before resumption. Key focus remains on price behavior near $3,330–$3,350. A sustained move above this range would open the door toward $3,400+ targets.