FX.co ★ XAU/USD, GOLD

XAUUSD M-15 Time Frame Idea The XAU/USD pairs daily chart indicates that it maintains slight intraday gains despite still being very overbought. While the Relative Strength Index (RSI) indicator continues to grind upward at about 80, the Momentum indicator is easing slightly from severe levels. With the 20 Simple Moving Average (SMA) speeding north over the slightly bullish 100 and 200 SMAs, the pair is simultaneously developing well above all of its moving averages. Technical indicators have retreated from their recent extreme peaks, although they are still inside overbought levels, according to the 4-hour chart. Since indications dropped more than price, the downside potential is still well-limited and not yet a divergence. Lastly, at about $3,604, a firmly bullish 20 SMA is still rising well above the lengthier ones, which also point north. Early in the American session on Tuesday, spot gold continued to rise to all-time highs, hitting $3,674.63. The headlines claiming that Israel attacked Qatar and targeted Hamas leaders Khalil Al-Hayya and Zaher Jabarin set off the run. While Qatari authorities referred to the bombing as a blatant breach of international law, Israeli media alleged that the US was informed before the attack. After the US revision to employment statistics was released, the XAU/USD pair fell from the previously noted peak. According to the Bureau of Labor Statistics (BLS), the national benchmark revision to total nonfarm employment for March 2025 based on Current Employment Statistics (CES) is -911,000, or -0.6%. The news caused the US dollar (USD) to first decline, but it soon reversed direction and started to rise again, trading with slight gains against the majority of its main competitors. Regarding gold, the gleaming metal is steady at a price just below $3,650.