The technical analysis of XAU/USD shows strong bullish signals from both oscillators and moving averages. Pivot points are neutral, indicating no clear direction for gold prices. There is insufficient data from technical indicators to forecast gold's movement. However, the probability of further gold price appreciation in the short term is 77.78%, while the probability of a decline is 22.22%.
In a sell scenario, the gold price would need to break below the S1 pivot point (2322.997), oscillators would need to turn into sell mode, and moving averages would need to turn down. In this case, gold could fall to the S2 or S3 pivot point (2317.763 or 2306.513, respectively).
To confirm a buy scenario, the gold price would need to rise above the R1 pivot point (2334.247), oscillators would need to remain in buy territory or push further into it, and moving averages would need to stay above head or push further above it. In this case, gold could rise to the R2 or R3 pivot point (2340.263 or 2351.513, respectively).