Date: April 10, 2025
Pair: XAUUSD
Timeframe: 4H / Daily
Market Sentiment:
The fundamental landscape continues to favor gold as a safe-haven asset. With ongoing geopolitical tensions and persistent inflationary concerns, investors are rotating capital into gold. The weakening dollar and potential rate cuts from major central banks further enhance gold's appeal. This macro backdrop suggests continued bullish pressure on the metal.
Technical Analysis:
Gold remains in a strong uptrend, currently consolidating near the upper range of its structure. The nearest support is seen around the $3080 zone, which has acted as a reactionary level during recent pullbacks. The all-time high (ATH) sits at $3168, which now serves as the immediate resistance.
A breakout above $3168 would confirm continued bullish momentum and open the door for a push towards a new ATH in the $3250 region — a psychological level and a Fibonacci extension target.
If price pulls back, a retest of the $3080 support zone could offer a potential long setup in alignment with the trend.
Key Levels to Watch:
Support: $3080
Resistance: $3168 (ATH)
Bullish Target: $3250
Personal Outlook:
My bias remains bullish as long as price stays above the $3080 support level. I’ll be watching for a clean break and retest of $3168 to consider scaling in further toward the $3250 target. I’ll also remain cautious of any sharp reversals or macro shifts that may affect sentiment.
⚠️ Disclaimer:
This is a personal market analysis intended for educational purposes only. Always do your own research before making any trading decisions.
Pair: XAUUSD
Timeframe: 4H / Daily
Market Sentiment:
The fundamental landscape continues to favor gold as a safe-haven asset. With ongoing geopolitical tensions and persistent inflationary concerns, investors are rotating capital into gold. The weakening dollar and potential rate cuts from major central banks further enhance gold's appeal. This macro backdrop suggests continued bullish pressure on the metal.
Technical Analysis:
Gold remains in a strong uptrend, currently consolidating near the upper range of its structure. The nearest support is seen around the $3080 zone, which has acted as a reactionary level during recent pullbacks. The all-time high (ATH) sits at $3168, which now serves as the immediate resistance.
A breakout above $3168 would confirm continued bullish momentum and open the door for a push towards a new ATH in the $3250 region — a psychological level and a Fibonacci extension target.
If price pulls back, a retest of the $3080 support zone could offer a potential long setup in alignment with the trend.
Key Levels to Watch:
Support: $3080
Resistance: $3168 (ATH)
Bullish Target: $3250
Personal Outlook:
My bias remains bullish as long as price stays above the $3080 support level. I’ll be watching for a clean break and retest of $3168 to consider scaling in further toward the $3250 target. I’ll also remain cautious of any sharp reversals or macro shifts that may affect sentiment.
⚠️ Disclaimer:
This is a personal market analysis intended for educational purposes only. Always do your own research before making any trading decisions.
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.