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Daily Technical Analysis : Gold Reaches a New Record High Above $3,800

September 29, 2025, 07:25

Dow Jones Technical Analysis

Dow Jones has been in a steady uptrend since rebounding from the 43,338 level in August. Price is consistently holding above the short-term moving averages MA(5) and MA(10) and medium-term moving average MA(30), confirming bullish momentum.

The 5-day moving average is above the 10-day and 30-day moving averages, indicating bullish alignment.

As long as price remains above the 30-day moving average, the uptrend remains intact.

MACD is currently positive, but signaling a possible short-term consolidation before further upside.

Bullish bias remains strong on the index. A daily close above 46,763 could trigger another leg higher. However, breakdown below 45,600 risks correction to 44,800.

Dow Jones Daily Chart

Resistance46,45746,54446,720
Support46,30046,20046,047

EURUSD Technical Analysis

EURUSD continues its uptrend since the beginning of the year, but is currently facing consolidation after failing to sustain above 1.1918

Price is testing the 30-day moving average around 1.1680. The 5 and 10-day moving averages are turning sideways, showing loss of momentum.

MACD shows bearish crossover forming, with histogram in negative territory, indicating short-term downside pressure.

The pair is consolidating in a sideways channel (1.1680 – 1.1918). Long wicks indicate indecision and rejection near resistance.

Short-term bias is neutral to bearish unless 1.1800 is reclaimed. A break below 1.1680 opens the way to 1.1500.

EURUSD Daily Chart

Resistance1.17301.17561.1800
Support1.17001.16621.1640

Gold Technical Analysis

The daily chart of gold shows a strong bullish trend since July. Price is making higher highs and higher lows, sitting near all-time highs at 3,819

5-day moving average is above 10 and 30-day MAs, showing strong momentum. All moving averages are trending upwards, confirming bullish trend strength.

MACD shows very strong momentum, both signal and MACD lines are elevated. Histogram shows a minor slowdown but remains positive.

Recent candles are large-bodied and bullish, showing strong demand. No major reversal signs yet, though overbought conditions may cause a pullback.

Bullish trend continuation is likely if 3,820 breaks. Pullbacks toward 3,750–3,680 could offer strong buying opportunities.

Gold (XAUUSD) Daily Chart

Resistance$3,825$3,850$3,875
Support$3,800$3,764$3,750

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