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2025-09-12 17:37:35
[Spot Gold Technical Analysis] Daily technical analysis shows that spot gold exhibits typical uptrend characteristics. Prices continue to climb along the trendline, providing strong dynamic support for the bullish market. The Bollinger Bands indicator shows that prices briefly broke through the upper band, and the band continues to expand, reflecting increased market volatility and the possibility of trend continuation. The strong rebound from the middle band indicates that bullish forces are dominant, and the uptrend is expected to continue in the short term. Regarding the MACD indicator, the DIFF line is at 75.72, the DEA line is at 58.26, and the MACD histogram is at 34.91, all of which are above zero, indicating strong support. The golden cross signal between the DIFF and DEA lines has continued to expand since its establishment in late August, and the histogram has remained positive for several consecutive trading days, indicating that bullish momentum is accelerating. Notably, the MACD indicator has not yet shown a clear top divergence signal, suggesting that the current uptrend has room to continue. The RSI, currently at 77.39, indicates overbought territory but not extreme overbought conditions. Historical experience shows that during strong upward trends, the RSI can remain in overbought territory for extended periods. Therefore, an overbought signal alone is not sufficient for an immediate reversal. From a key price perspective, the all-time high of $3,674.36 represents both a psychological barrier and technical resistance. Downward, the $3,630 range offers near-term support, corresponding to the previous breakout level and short-term moving average support. Further support lies near $3,580-3,600.
