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Gold Technical Analysis - Gold Trading: 2025-05-06
Gold Technical Analysis Summary
Above 3386.73
Buy Stop
Below 3268.88
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Neutral |
| MA(100) | Buy |
| Fractals | Buy |
| Parabolic SAR | Buy |
Gold Chart Analysis
Gold Technical Analysis
The technical analysis of XAUUSD price on the 4-hour timeframe shows XAUUSD,H4 is rebounding above the 200-period moving average MA(200) after hitting 3-week low five days ago. We believe the bullish momentum will continue after the price breaches above the upper Donchian boundary at 3386.73. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 3268.88. After placing the pending order the stop loss is to be moved every day to the next fractal low indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop-loss level (3268.88) without reaching the order (3386.73) we recommend cancelling the order: the market sustains internal changes which were not taken into account.
Fundamental Analysis of Precious Metals - Gold
Chinese investors’ purchases of gold bars and coins surged to 124 tonnes in the first quarter. Will the XAUUSD rebound persist?
Chinese investors’ purchases of gold bar and coins surged 12 per cent to 124 tonnes in the first quarter, according to World Gold Council. China ranks as the world’s biggest gold market: it accounted for 38 per cent of global Q1 bar and coin investment. Chinese demand for gold remained so elevated that the government allocated additional gold import quotas for commercial banks in April. At the same time, Chinese interest in gold-backed funds also rose: total inflows of gold into China-based ETFs were estimated at over 70 tonnes in April, totaling around $7.4 billion. It more than doubled the previous monthly record, according to the World Gold Council. This dramatic inflow followed record gold inflows of 23 tonnes totaling $2.3 billion in Q1. Rising demand for gold in the world’s biggest gold market is bullish for XAUUSD.
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