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XAU/USD Technical Analysis - XAU/USD Trading: 2025-03-04
Gold Technical Analysis Summary
Above 2895.03
Buy Stop
Below 2858.58
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Buy |
| MA(200) | Buy |
| Fractals | Neutral |
| 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 testing the MA(200) four days ago. We believe the bullish momentum will continue after the price breaches above the upper Donchian boundary at 2895.03. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 2858.58. 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 (2858.58) without reaching the order (2895.03) we recommend cancelling the order: the market sustains internal changes which were not taken into account.
Fundamental Analysis of Precious Metals - Gold
The People’s Bank of China continued increasing its gold reserves in January while China’s gold imports declined in 2024. Will the XAUUSD continue rebounding?
The People’s Bank of China announced a further 5 tonnes addition to its gold reserves in January. It was the third consecutive monthly increase after China announced a total of 44 tones of gold purchases during 2024 despite its six-month pause in the middle of the year. The PBoC official gold holdings now stand at 2,285 tonnes, constituting 5.9% of total foreign reserves. At the same time China’s gold imports ended 2024 with a year-over-year decline. In 2024, China imported 1,225 tonnes of gold, a 14% over year decline and 16% below the pre-COVID five-year average of 1,460 tonnes. China’s gold consumption also declined: it fell 10% in 2024 compared to 2023, leading to the decrease in imports. A decline in China’s gold consumption is bearish for XAUUSD price. At the same time continuing gold purchases by the People’s Bank of China is bullish for gold prices.
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