empty
03.04.2025 06:20 PM
XAU/USD – Analysis and Forecast

This image is no longer relevant

Gold is finding support near the $3,116 level, pausing its intraday pullback after reaching a new all-time high. Investor concerns over the potential consequences of President Donald Trump's reciprocal tariffs on global free trade and the broader global economy are driving increased demand for safe-haven assets, including gold.

Expectations that the U.S. economic slowdown will lead to Federal Reserve rate cuts sooner than previously anticipated are also weighing on the dollar, thereby supporting gold prices.

This image is no longer relevant

From a technical perspective, the RSI indicator on the daily chart signals overbought conditions, which is keeping bulls from initiating new long positions. A period of consolidation or a short-term pullback before the uptrend resumes appears reasonable. However, the overall trend remains bullish, and any decline toward the $3,100 level could offer a buying opportunity. This is a key support level—weakness below it may trigger further declines toward the $3,076 area and potentially down to the psychological $3,000 level.

Irina Yanina,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

USD/JPY: Simple Trading Tips for Beginner Traders on April 15th (U.S. Session)

Trade Review and Tips for Trading the Japanese Yen The test of the 143.25 level occurred at a time when the MACD indicator had just started moving up from

Jakub Novak 18:53 2025-04-15 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on April 15th (U.S. Session)

Trade Review and Tips for Trading the British Pound The test of the 1.3225 level occurred just as the MACD indicator was beginning to rise from the zero mark, confirming

Jakub Novak 18:51 2025-04-15 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on April 15th (U.S. Session)

Trade Review and Euro Trading Tips The test of the 1.1336 price level occurred when the MACD indicator had already moved significantly below the zero mark, which limited the downward

Jakub Novak 18:46 2025-04-15 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on April 15. Review of Yesterday's Forex Trades

The price test at 143.49 occurred when the MACD indicator moved significantly above the zero line, limiting the pair's upside potential. For this reason, I didn't buy the dollar

Jakub Novak 08:41 2025-04-15 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on April 15. Review of Yesterday's Forex Trades

The price test at 1.3154 occurred when the MACD indicator had already moved significantly below the zero mark, which limited the pair's downside potential. For this reason

Jakub Novak 08:41 2025-04-15 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on April 15. Review of Yesterday's Forex Trades

The price test at 1.1348 occurred when the MACD indicator moved significantly below the zero line, limiting the pair's downward potential. For this reason, I did not sell the pair

Jakub Novak 08:41 2025-04-15 UTC+2

Intraday Strategies for Beginner Traders on April 15

The euro and the pound managed to maintain an advantage over the dollar despite a strong correction observed in risk assets during the second half of the day. Yesterday's comments

Miroslaw Bawulski 08:21 2025-04-15 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders – April 14th (U.S. Session)

Trade Analysis and Guidance for Trading the Japanese Yen The test of the 142.69 level occurred when the MACD had already moved significantly below the zero line, which limited

Jakub Novak 19:01 2025-04-14 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders – April 14th (U.S. Session)

Trade analysis and guidance for trading the British pound The test of the 1.3136 level occurred when the MACD indicator had already moved far above the zero line, which limited

Jakub Novak 18:56 2025-04-14 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders – April 14th (U.S. Session)

Trade analysis and advice for the euro currency The price test of 1.1397 occurred when the MACD indicator had already moved significantly above the zero line, which limited the pair's

Jakub Novak 18:53 2025-04-14 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.