Gold Spot / U.S. Dollar
Short
Updated

Gold price continues to adjust, below $3000 mark

184
XAU / USD trend forecast APRIL 7, 2025

⚠️ Gold (XAU/USD) experiences downward pressure, slipping toward $2,985 in early Asian trading on Monday, as traders engage in profit-taking. The precious metal’s decline continues, partly due to a sell-off in the US equity market, which has led investors to liquidate gold holdings in order to raise cash and meet margin requirements.

Friday’s sharp drop in US stocks was primarily driven by efforts to free up capital in response to margin calls, following President Donald Trump’s announcement of new reciprocal tariffs on a broad range of imports. Despite the pullback, gold’s downside appears limited by underlying supportive factors. Rich Checkan, chairman and CEO of Asset Strategies International, commented, “Next week, bargain hunters are likely to re-enter the market, seeking lower-priced gold and silver, which should support a rebound in precious metals.”

⚠️ Gold prices fell sharply at the opening of the trading session, returning to the 2970 zone. Recovering immediately afterwards, gold prices are still in a large-frame downward correction at the beginning of the week.

🚨/// SELL XAU : zone 3083-3086

SL: 3091

TP: 50 - 200 - 400pips ( 3046 )



🚨/// BUY XAU : zone 2970 - 2973

SL: 2965

TP: 50 - 200 - 400pips ( 3010 )


Safe and profitable trading
Trade active
Gold prices sideways in European trading session, around 3015 - 3040
Trade closed: target reached
+ 50 pips , signal BUY GOLD ( 2970-2973 ) and then continue drop

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