As of April 12, 2025, gold (XAU/USD) has experienced significant volatility, reaching record highs amid global economic uncertainties. Here's an analysis based on the latest data:
📅 Economic Calendar Highlights (April 2025)
Key upcoming events that could influence gold prices include:
📈 XAU/USD Technical Overview
Support & Resistance Levels:
Candlestick Patterns:
A “shooting star” pattern has emerged, which may signal a short-term reversal or consolidation phase.
Price Projection for April 14–18, 2025
📅 Economic Calendar Highlights (April 2025)
Key upcoming events that could influence gold prices include:
- April 15: U.S. Consumer Price Index (CPI) release
- April 17: U.S. Initial Jobless Claims
- April 18: University of Michigan Consumer Sentiment Index
📈 XAU/USD Technical Overview
- Trend & Momentum: Current Price: Approximately $3,236.21 per ounce.
- Trend: Strong uptrend, with prices surging past the critical $3,200 mark.
- RSI (14): 64.826 – approaching overbought territory, suggesting strong buying pressure.
- MACD (12,26): Positive value of 21.21 – indicating bullish momentum.
- ADX (14): 33.482 – confirming a strong trend.
- Moving Averages: All major moving averages (MA5 to MA200) are signaling a 'Buy,' reinforcing the bullish outlook.
Support & Resistance Levels:
- Immediate Resistance: $3,245.69 – recent intraday high.
- Next Resistance Target: $3,300 – as projected by analysts amid ongoing market dynamics.
- Immediate Support: $3,174.14 – recent intraday low.
- Key Support Levels: $3,048 and $2,953 – potential pullback zones if a correction occurs.
Candlestick Patterns:
A “shooting star” pattern has emerged, which may signal a short-term reversal or consolidation phase.
Price Projection for April 14–18, 2025
- Considering the current technical indicators and market conditions:
- Projected Minimum Price: $3,180 – accounting for potential short-term corrections.
- Projected Maximum Price: $3,280 – if bullish momentum continues without significant resistance.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.