Weekly Analysis List
XAU/USD Weekly Analysis
4/28/25
Market Overview
XAU/USD Weekly Analysis (28.04.2025)
Trend and Momentum:
The XAU/USD pair is in a bullish correction phase, trading around $3,283, just above the VWAP of $3,224. The RSI is at 56.8, showing moderate bullish momentum.
Support and Resistance Levels:
Support:
• $2,949: Immediate
• $2,800: Secondary
• $2,700: Tertiary
Resistance:
• $3,499: Immediate
• $3,600: Secondary
• $3,700: Tertiary
Market Sentiment:
The Dallas Fed Manufacturing Index fell to -16.7, indicating Texas industrial sector contraction, possibly weakening the US dollar and boosting XAU/USD. Deteriorating US economic indicators might push XAU/USD towards $3,425.
Conclusion
Outlook:
A break above $3,499 could lead to $3,600 and $3,700. Conversely, falling below $2,949 could drop the pair towards $2,800 and $2,700.
This analysis provides an overview of XAU/USD's performance and potential movements for the week.