empty
24.04.2025 09:38 AM
GOLD. Gold Prices May Significantly Decline in the Near Future

Gold prices have recently seen a notable correction amid market expectations of the start of real negotiations between the U.S. and China on tariffs and overall trade. Treasury Secretary S. Bessent's statement, noting that the current tariff war between Beijing and Washington is unproductive, suggests that negotiations are already taking place behind the scenes and that an agreement may be reached in the near future.

From a technical perspective, the price of the "yellow metal" has shown a local reversal downward, and a likely stream of positive, calming news for the markets may reduce demand for safe-haven assets—gold being a primary example.

Technical outlook and trading idea:

This image is no longer relevant

  • The price is below the midline of the Bollinger Bands, above the 5-day SMA, but below the 14-day SMA.
  • RSI is below the 50% mark.
  • Stochastics are still rising for now.

I believe that the price of gold may fall to 3243.55 after breaking below 3320.60. The entry point can be considered at the 3307.55 level.

Pati Gani,
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

GOLD – Technical Analysis Overview

Last week, the bulls updated historical highs and formed a new maximum extremum at 3499.58. Afterward, gold entered a downward correction towards the support of the daily short-term trend

Evangelos Poulakis 06:49 2025-04-28 UTC+2

USD/JPY – Summary and Prospects

Last week, the market updated the low, but the sellers failed to continue the downward movement fully. This may have been because the previous week's low (141.63) was reinforced

Evangelos Poulakis 03:51 2025-04-28 UTC+2

Trading Signals for GOLD (XAU/USD) for April 25-29, 2025: buy above $3,270 (21 SMA - rebound)

Early in the American session, gold is trading around 3,276 with bearish pressure after finding strong resistance around 3,270, a level that coincided with the 38.2% Fibonacci retracement. Gold could

Dimitrios Zappas 18:02 2025-04-25 UTC+2

Forex forecast 25/04/2025: EUR/USD, GBP/USD, USD/JPY and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 12:25 2025-04-25 UTC+2

Trading Signals for EUR/USD for April 24-26, 2025: sell below 1.1435 (21 SMA - 7/8 Murray)

Early in the American session, the EUR/USD pair is trading around 1.1358 within the downtrend channel formed on April 18. The pair is under bearish pressure. We believe the instrument

Dimitrios Zappas 17:06 2025-04-24 UTC+2

Forex forecast 24/04/2025: EUR/USD, GBP/USD, SP500, Gold and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 13:25 2025-04-24 UTC+2

Technical Analysis of Price Movement of Silver Commodity Instrument, Thursday April 24, 2025.

On the 4-hour chart, the Silver commodity instrument is visible even though its condition is strengthening where this is confirmed by the movement of the Silver price which is moving

Arief Makmur 06:18 2025-04-24 UTC+2

Technical Analysis of Price Movement of Nasdaq 100 Index, Thursday April 24, 2025.

Although on the 4-hour chart the Nasdaq 100 index is Sideways, the range is quite large so that there is still a fairly promising opportunity in the index. Currently

Arief Makmur 06:18 2025-04-24 UTC+2

Trading Signals for GOLD (XAU/USD) for April 23-25, 2025: sell below $3,333 (200 EMA - 6/8 Murray)

Our trading plan for the next few hours is to sell gold below $3,333, with targets at $3,313 and $3,291. We can buy above $3,280 with short-term targets at $3,437

Dimitrios Zappas 14:31 2025-04-23 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.