empty
28.04.2025 06:49 AM
GOLD – Technical Analysis Overview

This image is no longer relevant

Last week, the bulls updated historical highs and formed a new maximum extremum at 3499.58. Afterward, gold entered a downward correction towards the support of the daily short-term trend at 3346.45. The market has taken a pause. If bearish sentiment receives a new impulse for development, the next target will be the daily medium-term trend at 3227.79, and then the corrective decline may extend toward the support of the weekly short-term trend at 3164.81. Eliminating the daily golden cross at 3163.64 and consolidating below the weekly levels at 3164.81–3131.58 would open up new bearish prospects.

This image is no longer relevant

On the lower timeframes, the main advantage remains with the bears. The market is operating below the key levels, currently at 3334.45 (the daily central Pivot level) and 3356.56 (the weekly long-term trend). Consolidation above the trend line and its reversal could shift the current balance of forces in favor of further bullish recovery. Resistance levels will be important for the bulls if the market starts developing directed movements, and support levels will be important for the bears according to the classic pivot points. Pivot levels are updated daily, and new actual data will appear at the opening of trading.

***

Technical Analysis Components:
  • Higher Timeframes: Ichimoku Kinko Hyo (9.26.52) and Fibonacci Kijun levels
  • H1: Classic Pivot Points and 120-period Moving Average (weekly long-term trend)
Evangelos Poulakis,
Analytical expert of InstaTrade
© 2007-2025

Recommended Stories

Forex forecast 13/08/2025: EUR/USD, USD/JPY, GBP/USD, Gold, Ethereum and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 15:43 2025-08-13 UTC+2

Forecast for EUR/USD on August 13, 2025

On Tuesday, the EUR/USD pair continued its upward movement after rebounding from the 50.0% retracement level at 1.1590. It also consolidated above the resistance zone of 1.1637–1.1645 and reached

Samir Klishi 11:56 2025-08-13 UTC+2

Forecast for GBP/USD on August 13, 2025

On the hourly chart, the GBP/USD pair on Tuesday once again rebounded from the support zone of 1.3416–1.3425 and turned in favor of the pound, subsequently consolidating above the 76.4%

Samir Klishi 11:48 2025-08-13 UTC+2

GBP/USD. Indicator Analysis on August 13, 2025

On Tuesday, the pair moved upward to the 85.4% retracement level at 1.3522 (red dotted line), then declined, closing the daily candle at 1.3495. Today, it may continue moving upward

Stefan Doll 11:45 2025-08-13 UTC+2

EUR/USD. Indicator Analysis on August 13, 2025

On Tuesday, the pair moved upward on news, reached the 1.1698 fractal (yellow dotted line), then declined, closing the daily candle at 1.1673. Today it may continue moving upward

Stefan Doll 11:38 2025-08-13 UTC+2

XAU/USD remains under pressure, although there is limited potential for strengthening. Wednesday, August 13, 2025.

[XAU/USD] – [Wednesday, August 13, 2025] XAU/USD appears to be attempting to test its nearest support level, as confirmed by the RSI (14) indicator, which is in the Neutral-Bearish area

Arief Makmur 08:25 2025-08-13 UTC+2

Despite the potential for a downward correction, the AUD/USD remains in strengthen bias condition. Wednesday, August 13, 2025.

[AUD/USD] – [Wednesday, August 13, 2025] With the AUD/USD position which have EMA(50) still above the EMA(200) level and the RSI (140) in the neutral-bullish zone, the bias for this

Arief Makmur 08:25 2025-08-13 UTC+2

EUR/USD forecast for August 13, 2025

Yesterday, the euro once again attempted to test the balance line resistance. This time, it was supported by external markets — the S&P 500 rose by 1.14% and even

Laurie Bailey 05:00 2025-08-13 UTC+2

GBP/USD forecast for August 13, 2025

Yesterday, the British pound took full advantage of the temporary weakness in the dollar, reaching the second intermediate level of 1.3525. The Marlin oscillator is rising in the territory

Laurie Bailey 05:00 2025-08-13 UTC+2

Silver forecast for August 13, 2025

Yesterday, silver gained 0.41%. The price has returned above the balance indicator line, and the Marlin oscillator, which is close to moving into the territory of an upward trend

Laurie Bailey 04:59 2025-08-13 UTC+2
Can't speak right now?
Ask your question in the chat.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.

We are sorry for any inconvenience caused by this message.