Technical analysis gold

Gold Price Analysis: How to Understand the XAU/USD Market

Analyze the gold market with a complete overview of the XAU/USD price, combining fundamental and technical insights to understand today’s gold price movements.

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↓ Gold price today ↓
{etoroCFDrisk}% of retail CFD accounts lose money - You never lose more than the amount invested in each position
Gold price today

Fundamental analysis of gold focuses on the economic and monetary factors that influence its value: interest rates, inflation, central bank policy, and the dynamics of the US dollar. Technical analysis of gold, on the other hand, is based on the graphical study of the price of gold on the stock market (XAU/GBP). It uses visual indicators such as moving averages, support and resistance levels, and the RSI to observe past trends. These two approaches are complementary: the first explains the economic causes, while the second illustrates the visual evolution of the price.

To track the price of gold in real time, you can consult specialised financial platforms such as TradingView, Bloomberg or Investing.com. These tools display the price of gold today in the form of minute-by-minute updated charts, expressed in XAU/USD or XAU/EUR. They allow you to observe price variations on the major financial markets (London, New York, Zurich), without giving forecasts or performance indications.

The live gold price is expressed mainly in US dollars, but it can be displayed in other currencies. When the value of the dollar changes, the price of gold converted into euros, pounds or Swiss francs also varies. Comparing the gold price in USD and EUR allows you to appreciate the effects of exchange rates on the value of the metal, without this implying a systematic correlation.

The gold price analysis offers valuable insight into global market dynamics and investor sentiment. The gold price today reflects economic trends such as inflation, interest rates, and central bank actions. Through both fundamental analysis of gold—focused on macroeconomic data—and technical analysis of gold, based on price charts and indicators, analysts and observers can better understand how the XAU/USD pair evolves over time. Observing the gold price in real time provides a clear view of liquidity, volatility, and global demand. This overview of the gold market explains the key elements that shape its evolution without offering predictions or investment advice.

πŸ“Œ Essential Takeaways About the Gold Price

  • πŸ’° Gold Price in Real Time: The XAU/USD price moves continuously across global trading sessions, reflecting liquidity and demand.
  • πŸ“Š Technical Analysis: Chart tools such as moving averages and RSI help visualize price trends without predicting future performance.
  • 🌍 Fundamental Analysis: Economic indicators like inflation, monetary policies, and global events can influence market sentiment.
  • πŸ’Ή Global Market Insight: Gold is traded worldwide and remains a key reference for understanding economic confidence.
  • πŸ•’ Updated Continuously: Monitor the gold price live to keep track of current data and market developments.

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πŸ’‘ Understanding the price of gold

Gold is one of the most closely watched commodities on the financial markets. A precious metal and symbol of stability, it attracts the attention of many economic players. To understand the price of gold, it is necessary to distinguish between its pricing mechanisms, the places where it is traded and the data that influence its short- and long-term evolution.

This framework provides a well-documented and transparent gold market analysis, combining fundamental and technical approaches without attempting to forecast price movements or provide investment recommendations.

 

βš–οΈ How is the price of gold set?

The price of gold on the stock market is determined by the balance between supply and demand on the international markets. Several institutions ensure the transparency of quotations:

  • The LBMA (London Bullion Market Association): it sets the ‘London Fixing’ every day, an international reference price.
  • The COMEX in New York, where gold is traded in the form of futures contracts.

πŸ’² This price fluctuates depending on global factors such as monetary policy, mining production, and industrial demand. These elements form part of a broader fundamental analysis of the gold market, providing economic context without serving as a predictive model.

🌍 Central bank decisions, trade flows, and production data also affect the gold price in real time, reinforcing its role as a key indicator of global market confidence.

 

Gold prices on the stock market: The major reference markets

The price of gold on the stock market is formed on several types of markets:

  • πŸ’° The spot market, which indicates the price for immediate delivery;
  • πŸ“„ The futures market, where contracts allow a price to be set for a future date;
  • πŸ’» Derivative instruments such as CFDs on gold (XAU/USD), used to observe price movements without owning the underlying asset.

These mechanisms ensure transparent price formation on an international scale, without involving any forecasts or recommendations.

 

πŸ“Š Why track the price of gold in real time?

Tracking the price of gold in real time provides access to up-to-date market information and enables a more comprehensive analysis of the gold market. This data helps to:

  • πŸ•’ observe price movements according to trading hours;
  • 🌐 link economic announcements to changes in the metal's price;
  • πŸ“ˆ combines fundamental and technical analysis to understand market dynamics.

These observations are purely informative: they aim to understand how the gold market works, without providing investment advice or forecasts on its future price.

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πŸ“˜ Fundamental analysis of the gold market

Fundamental analysis of gold aims to understand the economic, monetary and geopolitical factors that influence its value on international markets.

Unlike technical analysis, which relies on charts and indicators, the fundamental approach seeks to explain why the price of gold is changing in a given economic context, without attempting to predict its direction.

This method allows the price of gold on the stock market to be placed in a global context: that of monetary policies, inflation fluctuations, institutional decisions and global risk perception.

 

πŸ’Ά Economic factors influencing the price of gold

The price of gold depends on a set of interdependent factors. Among the most studied in gold market analysis are:

  • 🏦 Real interest rates: These reflect the cost of holding non-yielding assets such as gold. When real rates are low, demand for precious metals can remain strong.
  • πŸ’Ή Inflation: Gold is often seen as a store of value in times of rising prices. However, this correlation is neither constant nor guaranteed.
  • πŸ’² The US dollar (USD): As gold is priced in US dollars, this currency directly influences quoted prices.
  • 🌍 Geopolitical tensions and economic uncertainty: During periods of volatility, gold trading volumes may increase, reflecting increased interest among economic actors in assets perceived as stable.
  • πŸ›οΈ Central bank policies: Their purchases or sales of gold to build official reserves may temporarily influence market liquidity.

πŸ’‘ All these factors are an integral part of fundamental analysis of the gold market, which seeks to link economic contexts to observed variations without providing speculative interpretations.

 

πŸͺ™ Gold as a safe haven: myth or reality?

The gold market is often associated with the concept of a safe-haven asset, yet this idea should be approached with nuance.

Historical gold price charts show that demand patterns vary:

  • πŸ“ˆ During economic uncertainty, gold trading volumes and demand tend to rise as participants seek stability.
  • πŸ“‰ During recovery periods, capital often shifts toward assets viewed as more dynamic.

πŸ” Analysis of the gold price therefore shows that the notion of a safe haven is not absolute: it depends on the global context and the trade-offs made between asset classes.

Gold remains above all an indicator of global economic confidence, rather than a guaranteed means of preserving wealth.

 

πŸ”— Correlation between gold and other financial assets

In gold market analysis, understanding the correlation between gold and other financial assets is key:

  • πŸ’΅ Gold and the dollar (XAU/USD): As the majority of transactions are denominated in dollars, fluctuations in this currency can influence the perception of the price of gold.
  • πŸ’° Gold and sovereign bonds: Some investors compare gold to government bonds, which offer a fixed return, unlike the metal.
  • πŸ“Š Gold and stock market indices: The gold price analysis often compares performance with equity markets to gauge sentiment shifts.
  • βš™οΈ Gold and other commodities: Industrial metals (copper, silver, platinum) often react to similar economic factors, although their uses differ.

These factors contribute to a balanced view of the market, based on the diversity of economic correlations rather than performance expectations.

πŸ’‘ For more educational content on the financial instruments linked to the gold price, see our guide πŸ‘‰ How to trade gold online?

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πŸ“ˆ Technical analysis of the price of gold (XAU/USD)

Technical analysis of gold complements the fundamental approach by focusing on graphical representations of the price.

It involves observing the movements of XAU/USD (the symbol for the price of gold against the US dollar) to identify trends, significant price levels and equilibrium zones.

The aim of this approach is not to predict the markets, but to provide a visual interpretation of their past performance.

 

πŸ“Š Recent trends in XAU/USD

Observing XAU/USD trends is based on studying market cycles.

On charts, analysts generally identify:

  • Upward phases (bullish trends) where successive prices reach higher highs;
  • Correction phases (bearish trends) where the price falls back to support levels;
  • Neutral zones where the market moves sideways.

πŸ”Ž These trends can be visualised using levels called support and resistance, which serve as benchmarks for understanding historical market behaviour, without indicating future direction.

 

πŸ“‰ Technical indicators to watch on the gold price

Technical analysis of the gold price relies on various quantitative tools to identify the pace and amplitude of variation:

  • πŸ“ˆ Moving averages (MA 50, MA 200) smooth out fluctuations to reveal an overall trend.
  • βš™οΈ The RSI (Relative Strength Index) measures market momentum over a given period.
  • πŸ”„ The MACD (Moving Average Convergence Divergence) identifies trend crossovers.
  • πŸ“ Fibonacci retracements help to visualise possible statistical correction levels.
  • πŸ•―οΈ Japanese candlesticks show areas of buying or selling pressure on each time interval.

These indicators are used for observation and understanding purposes, without providing buy or sell signals.

 

πŸ”¬ Observation strategies for understanding market signals

The objective of technical analysis of the gold price is to study past behaviour in order to better understand how the market works.

Two approaches are often distinguished:

  • ⏳ Short-term analysis, which focuses on daily or weekly variations to detect recent movements;
  • πŸ—“οΈ Long-term analysis, which observes cycles of several months or years to visualise the major phases of XAU/USD evolution.

In both cases, these studies are not recommendations, but a means of assessing the structure and regularity of the market.

πŸ“Œ In summary

Fundamental and technical analysis of gold are two complementary approaches.

The former sheds light on the economic causes of price fluctuations, while the latter offers a graphical reading of these changes.

By combining the two, it becomes possible to understand the price of gold in a global context, without speculation or investment guidance — solely for the purposes of information and financial education.

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πŸ’° Gold price today: live data and tracking

The gold price today reflects ongoing trading activity on the world’s largest exchanges, particularly London and New York.

By monitoring the gold price in real time, observers gain a clearer picture of liquidity, volatility, and overall market sentiment.

This gold price analysis serves educational purposes only and does not constitute advice or forecasts.

 

🌍 Compare the price of gold in USD, EUR and other currencies

The live gold price is generally expressed in US dollars (USD), the reference currency on international markets.

However, it is also useful to compare the price of gold in other currencies to better understand its real evolution:

  • πŸ’΅ USD (XAU/USD): major reference, used by most financial markets.
  • πŸ’Ά EUR (XAU/EUR): reflects the value of the precious metal for European investors.
  • πŸ’· GBP, JPY or CHF: other currencies commonly used to measure the local performance of gold.

πŸ’‘ These comparisons make it possible to identify the effects of exchange rates on the overall price of the metal. A change in the price of gold on the stock market can therefore result as much from movements in the dollar as from developments in the gold market itself.

This illustrates the international dimension of the yellow metal, whose value depends on multiple economic and monetary parameters.

 

πŸ•’ History of the price of gold: 10-year trend

The history of the gold price highlights the major economic cycles of the last ten years.

We can observe periods of:

  • πŸ“ˆ growth, often linked to phases of economic uncertainty or accommodative monetary policy;
  • πŸ“‰ correction, associated with contexts of renewed growth or rising interest rates.

These trends do not predict future performance but help explain the gold market’s long-term patterns.

Observing these cycles enriches a more comprehensive analysis of the gold price, where fundamental, technical and historical data complement each other to provide an overview of the global market.

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