Gold (XAU/EUR) Technical Analysis: Support, Resistance & Pivot Today (Oct 28, 2026)
What drives the technical score
- Intraday view is bullish
- Price below the 20-day average
- Daily RSI 44, weak momentum
- Daily MACD below its signal line
- 5-day change -0.4%, little net move
- Daily view is bearish
- Price below the 50-day average
- 20-day average below the 50-day
- 20-day down 1.1%
- Daily MACD below zero
- Price below the 40-week average
- 10-week average below the 40-week
- 6-month down 7.9%
- Weekly MACD below its signal line
- Weekly RSI 45, neutral momentum
The technical score combines several pieces of technical evidence, including moving-average position, momentum, recent performance, our level views and active chart patterns; more filled segments mean the evidence agrees more strongly. Support and resistance are the nearest levels from the intraday and short-term views. For reference only; not investment advice.
Gold (XAU/EUR): On the edge of pivot level
Our preference
Above 3,617.39, look for a move towards 3,669.57.
Alternative scenario
Below 3,617.39, expect 3,595.19 and 3,581.98.
Comment
The price is approaching our pivot level at a critical juncture, leaving little room for the asset to reverse its current trajectory. RSI is at 37 and MACD is below its signal line.
Full level ladder
| Resistance 3 | 3,696.06 |
| Resistance 2 | 3,682.82 |
| Resistance 1 | 3,669.57 |
| Price | 3,624.96 |
| Pivot | 3,617.39 |
| Support 2 | 3,595.19 |
| Support 3 | 3,581.98 |
Gold (XAU/EUR): Bearish below the pivot
Our preference
Below 3,722.31, look for a move towards 3,371.26.
Alternative scenario
Above 3,722.31, expect 3,874.77 and 3,965.52.
Comment
As long as price stays below the pivot, the downside structure remains intact. RSI is at 46 and MACD is below its signal line.
Full level ladder
| Resistance 3 | 3,965.52 |
| Resistance 2 | 3,874.77 |
| Pivot | 3,722.31 |
| Price | 3,624.96 |
| Support 1 | 3,371.26 |
| Support 2 | 3,281.83 |
| Support 3 | 3,192.40 |
AI market story
Updated 2026-10-28 12:48 UTC+8Gold in euro bounces but bearish trend still intact
Price is 3,633.48, up 1.86% in a day but down 0.36% over five days and 1.05% over twenty. It sits below the 20-day average of 3,673.51 and 50-day of 3,750.55, with RSI at 44 and MACD under its signal line.
Price journey: up or down lately?
The latest day is up 1.86%, but the five-day move is down 0.36% and the twenty-day is down 1.05%, so this looks like a rebound after losses rather than a recovery of the 3,759.88 high.
Trend: which way is the bigger picture pointing?
The bigger direction is still bearish: price at 3,633.48 is under the 20-day average of 3,673.51 and the 50-day of 3,750.55, and the daily view only holds below the 3,722.31 pivot, targeting 3,371.26 and 3,281.83.
Momentum: gaining or losing strength?
Momentum is weak and barely improving. Daily RSI edged from 43 five days ago to 44, while MACD remains below its signal line with little change in the histogram.
Key levels: which prices matter next?
Watch 3,673.51 and the 3,722.31 pivot above, then 3,617.39 and 3,595.19 below, with the 3,578.44 lower Bollinger band as the next area if support gives way.
US and ECB decisions set to lift gold volatility
On 10-29 the US FOMC decision and three ECB rates land. After the past 16 FOMC releases, the four-hour average move was 43.74 dollars and the maximum 108.77, about 2.8 times normal; ECB releases averaged 42.79 dollars and 99.64 at most.
What is coming up on the calendar?
The key events are the US FOMC decision at 02:00 on 10-29, with the floor and ceiling expected at 3.75 and 4, plus the ECB main refinancing rate at 2.65, marginal lending rate at 2.9 and deposit rate at 2.5 at 21:15.
How much do these events usually move the price?
After the past 16 FOMC releases, the four-hour average move was 43.74 dollars and the maximum 108.77, about 2.8 times normal, with 38% closing higher; ECB releases averaged 42.79 dollars, 99.64 at most, about 1.2 times normal, with 62% closing higher.
This content was generated with the assistance of AI from the Borearis Research Team's market data and analysis. For reference only; not investment advice. How we produce this content
Volatility stop
Gold (XAU/EUR) is below its daily short trailing stop. Short positions can reference 3,735.43 (2.96% away); it only moves down. A daily close above 3,735.43 signals the trend is strengthening.
Calculated from the 22-day high (low) minus (plus) 3 times the average true range on the daily chart, and it only moves in the trend's favour. A common trailing-stop method, for reference only; not investment advice.
Thick line = trailing stop (green uptrend, red downtrend); vertical line = latest trend change; last 90 daily bars
Technical picture
- Price is below the 20- and 50-day moving averages, a weak medium-term structure.
- Daily RSI is 44, soft momentum.
- Daily MACD is below its signal line; daily momentum is down.
- Price is inside the daily Bollinger Bands (3,577.22 to 3,768.95).
Related economic events this week
| 10-27 22:00 | United States Oct Richmond Fed Manufacturing IndexAfter 23 past releases, Gold (XAU/EUR) moved $27.85 on average in 4 hours · max $50.61 | -2 |
| 10-27 22:00 | United States Oct Conference Board Consumer Confidence IndexAfter 24 past releases, Gold (XAU/EUR) moved $27.36 on average in 4 hours · max $51.33 | 91.7 |
| 10-29 02:00 | United States FOMC Rate Decision (Lower Bound) HighAfter 16 past releases, Gold (XAU/EUR) moved $43.74 on average in 4 hours (2.8× normal) · max $108.77 | 3.75 |
| 10-29 02:00 | United States FOMC Rate Decision (Upper Bound) HighAfter 16 past releases, Gold (XAU/EUR) moved $43.74 on average in 4 hours (2.8× normal) · max $108.77 | 4 |
| 10-29 04:30 | United States Alphabet Q3 Earnings Call High | — |
| 10-29 21:15 | Eurozone ECB Main Refinancing Rate HighAfter 16 past releases, Gold (XAU/EUR) moved $42.79 on average in 4 hours (1.2× normal) · max $99.64 | 2.65 |
| 10-29 21:15 | Eurozone ECB Marginal Lending Rate HighAfter 16 past releases, Gold (XAU/EUR) moved $42.79 on average in 4 hours (1.2× normal) · max $99.64 | 2.9 |
| 10-29 21:15 | Eurozone ECB Deposit Facility Rate HighAfter 16 past releases, Gold (XAU/EUR) moved $42.79 on average in 4 hours (1.2× normal) · max $99.64 | 2.5 |
Times in UTC+8. Grey = forecast. Full economic calendar →
News and sentiment for Gold (XAU/EUR)
None of the financial news we collected in the last 7 days mentioned Gold (XAU/EUR) directly.
Trade signals for Gold (XAU/EUR)
Short-term Signals 30-minute · held a few hours to a day
| Signal time | Bias | Entry | Status | R |
|---|---|---|---|---|
| Oct 23, 2026 22:30 | Bearish | 3,551.94 | Closed at time limit | -0.28 |
| Oct 23, 2026 04:00 | Bearish | 3,591.04 | Half profit, rest at break-even | +0.24 |
| Oct 22, 2026 14:00 | Bearish | 3,635.00 | Target hit | +1.24 |
| Oct 21, 2026 09:30 | Bearish | 3,678.82 | Half profit, rest at break-even | +0.37 |
| Sep 28, 2026 16:00 | Bearish | 3,650.80 | Half profit, rest at break-even | +0.24 |
All short-term signals and results →
Swing Signals 1-hour and 4-hour · held a day to a week
No recent swing signals for Gold (XAU/EUR).
Chart patterns in play for Gold (XAU/EUR)
No active 15-minute to 4-hour patterns for Gold (XAU/EUR) right now.
FAQ
Where are Gold (XAU/EUR) support and resistance levels today?
Intraday resistance: 3,669.57, 3,682.82, 3,696.06. Support: 3,617.39, 3,595.19, 3,581.98. Pivot: 3,617.39 (updated Oct 28, 2026 14:34 UTC+8).
Is Gold (XAU/EUR) bullish or bearish now?
Intraday: bullish. Short-term (daily): bearish. Bullish above 3,617.39, targeting 3,669.57 and then 3,682.82.
How has Gold (XAU/EUR) been trading lately?
Gold in euro bounces but bearish trend still intact. Price is 3,633.48, up 1.86% in a day but down 0.36% over five days and 1.05% over twenty. It sits below the 20-day average of 3,673.51 and 50-day of 3,750.55, with RSI at 44 and MACD under its signal line.
How do I read the Gold (XAU/EUR) technical score?
Currently short-term bearish, medium-term bearish, long-term bearish. The technical score combines several pieces of technical evidence, such as moving-average position, momentum, recent performance, our level views and active chart patterns, into short-, intermediate- and long-term readings. More filled segments mean the evidence points the same way; neutral means bullish and bearish evidence are balanced.
Where should a stop loss go on Gold (XAU/EUR)?
Gold (XAU/EUR) is below its daily short trailing stop. Short positions can reference 3,735.43 (2.96% away); it only moves down. A daily close above 3,735.43 signals the trend is strengthening.
Which economic events matter for Gold (XAU/EUR) next?
US and ECB decisions set to lift gold volatility. On 10-29 the US FOMC decision and three ECB rates land. After the past 16 FOMC releases, the four-hour average move was 43.74 dollars and the maximum 108.77, about 2.8 times normal; ECB releases averaged 42.79 dollars and 99.64 at most.
What is the pivot?
The pivot is the line in the sand for the view. In a bullish view it sits below price; a close below it invalidates the view and a new set of levels is drawn. The reverse applies to a bearish view.
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