How to analyze a gold (XAUUSD) chart with AI

What you need

A clear screenshot of the gold chart you are looking at, and an AI chart analysis app. This guide uses Wick, an iPhone app that analyzes chart screenshots. No account is needed.

• Any platform: MetaTrader 4 or 5, TradingView, a broker app, or a photo of your screen
• Any timeframe, from 1-minute charts to daily and weekly charts
• Candlestick, bar or line charts

Step by step

1. Open your gold chart on the timeframe you trade, and zoom so that recent price action and the price axis are both visible.
2. Keep the indicators you normally use, such as moving averages or Bollinger Bands. Wick lists the ones it can see and takes them into account.
3. Take a screenshot, or photograph your screen, and upload it in Wick from your photo library or the camera.
4. Read the report in order: the overview, then the scenarios, the strategy and the key levels.

A real example: gold on the 5-minute chart

This is the analysis Wick returned for a TradingView screenshot of XAUUSD on the 5-minute timeframe, with Bollinger Bands and a 200-period moving average on the chart. Wick read the ticker, the timeframe and the price ($4,370) from the image itself.

Key levels and the chart pattern

Wick marked resistance at $4,380 and support at $4,360, and identified a descending channel: a series of lower highs and lower lows that, while it holds, favors a move toward support. It also listed the indicators it found on the chart.

Both scenarios, with probabilities

Instead of a single call, Wick gives both sides. Here it weighed the bearish case at 62%: a break below $4,360 could extend the decline toward $4,337. The bullish case, at 38%, needed a sustained break above $4,380 to retest $4,395. Each case has its own entry, target, stop and risk-reward ratio.

The probabilities are rough estimates, not certainties. A case only becomes relevant once price does what its entry describes.

Tips for gold charts

• Gold is priced in dollars, so levels read as prices such as $4,360 rather than pips.
• Gold can move sharply around major US economic releases. A screenshot cannot show the news calendar, so check it before relying on a short-timeframe setup.
• The analysis reflects the chart at the moment of the screenshot. If price has moved on, take a new screenshot.
• Compare timeframes. A bearish 5-minute setup can sit inside a bullish daily trend, and analyzing both gives you context.