Gold Loses 3,220 – Will It Fall Further?Gold has just broken through the 3,220 support and closed the H4 candle at $3,213/ounce. The strong red candle with volume shows that the sellers are still in control. I saw the EMA34 cut down to the EMA89 early and maintained a negative slope – confirming a clear downtrend.
I am watching the 3,180 – 3,200 zone as the next target. If the price rebounds but does not surpass 3,240, I will continue to sell. The current situation is not suitable for buying against the trend, especially when the USD is still strong and the safe-haven sentiment is decreasing.
Gold-trading
Is gold about to break $3200 support?Gold has been trending lower amid growing risk appetite with stocks surging higher.
With no big bearish catalyst in sight for stocks, the market mood is optimistic and that means the pressure on gold is growing for a drop. The big macro driver has been a thaw in US-China trade tensions. With tariff rollbacks on both sides and negotiations showing real progress, investors are getting more comfortable. What’s more, Tuesday’s softer-than-expected US inflation print added fuel to the fire — calming nerves that Trump's trade tariffs would trigger a fresh inflation wave.
So, for now, sellers are in control of defensive plays like gold and yen, while the tech sector, especially chipmakers, is the main beneficiary.
Gold could potentially break THIS key support area around $3200 after making lower highs and lower lows on the intra-day charts. While the long-term trend is still bullish, I wouldn't be surprised if the bearish momentum continued for a few more days.
The first downside target is at 3136, followed by 3073 and then - the big level - 3,000. Could we see a drop to these levels in the coming days?
By Fawad Razaqzada, market analyst with FOREX.com
Gold breaks through 3,300 – Selling pressure has not stoppedGold price plummeted from 3,325 to 3,237 USD/ounce after the US and China reached a temporary agreement to reduce taxes. The stock market is up, the USD is strong, money flows out of gold. I see selling pressure clearly dominating.
On H1, the price is still below EMA34 and EMA89, recovering weakly around 3,260. H4 confirms the downtrend that has been formed before. If it does not surpass 3,270, I am inclined to believe that gold will continue to fall to 3,200 – 3,180.
Gold Breaks Support Level – The Downtrend May Not StopAfter peaking at $3,500/ounce in April, gold is in a clear correction phase. On the H4 chart, the price has broken through both the EMA34 and EMA89, indicating that a short-term downtrend has been established. The most recent session closed at $3,223, losing nearly $130 in just a few sessions.
The sharp decline appeared after a long rally and the peak was rejected many times. The break through the EMA89 support has triggered technical selling pressure, reflecting the psychology of profit-taking after failing to surpass the old peak.
Gold falls after FED news, cautious buying powerWorld gold prices retreated to $3,370/ounce, down more than $25 from last night's peak. The H4 chart shows a sharp decline that broke through the EMA34, currently testing the EMA89 - a signal that profit-taking pressure is increasing after the previous strong bounce.
The FED kept interest rates unchanged in the 4.25% - 4.5% range, as expected. However, Chairman Jerome Powell's "wait and see" statement made investors pause buying gold due to concerns that prolonged high interest rates will continue to put pressure on non-yielding assets like gold. In addition, the rise in international stocks and China's money pumping policy have reduced the attractiveness of this safe haven.
Gold surges thanks to China buying goods, waiting for FED waveInternational gold prices jumped to 3,332 USD/ounce, up more than 72 USD compared to the bottom of last night's session. The main driving force came from the wave of gold buying in China, when concerns about the weakening economy caused people to massively turn to gold as a safe haven. The H4 chart shows a strong increase, EMA34 has crossed EMA89, establishing a clear short-term uptrend. If gold surpasses 3,340 USD, it is likely to head towards the old peak around 3,420–3,500 USD.
Crude oil prices are still fluctuating strongly around 57.2 USD/barrel, creating an unstable foundation for the commodity market. The FED will announce its policy in the early morning of May 8. Although it is expected to not change interest rates, any statement can move the market. This will be the next big catalyst for gold.
Gold price suddenly accelerates, approaching the 3,300 USD/ounceAfter two consecutive weeks of decline, the world gold price is showing strong signs of recovery when it skyrocketed to 3,266 USD/ounce - an increase of 25 USD in just one session. Although still quite far from the peak of 3,500 USD/ounce, the increase this morning shows that investor sentiment has begun to change direction.
The increase occurred at the beginning of the session despite previous negative forecasts, reflecting the sensitivity of gold to geopolitical and economic information such as US-China trade negotiations or the strength of the USD. The daily chart shows that gold has bounced strongly from the EMA34 support zone and returned to the resistance zone around 3,320–3,340 USD, opening up an opportunity to retest the 3,400 USD mark if the current increase is maintained.
Gold recovers after deep fallWorld gold prices recovered to 3,238 USD/ounce on the morning of May 2 after hitting a bottom of 3,205 USD/ounce last night. The reason came from the sell-off when the Chinese market was on a long holiday, causing a lack of physical buying power.
However, investors quickly took advantage of this opportunity to buy, amid expectations that the FED would lower interest rates and central banks would continue to collect gold as a safe haven asset. The 4-hour chart shows that the price has bounced back from EMA89, heading towards the EMA34 resistance zone - a positive sign for a short-term recovery.
Gold continues to lose value, pressured by USD and China dataWorld gold prices fell to $3,279/ounce, down $31 from the previous session's peak. The USD increased slightly along with the decline of crude oil and US stocks, making gold less attractive.
In addition, weak economic data from China raised concerns about falling physical gold demand - contributing to the price decline. On the daily chart, gold is falling from the peak, approaching the EMA34, warning of the risk of a deeper correction if it fails to hold this support level.
Gold weakens under pressure from USD and bondsOn the morning of April 30, the world gold price fell to 3,318 USD/ounce, down 20 USD compared to the same time the previous day. The strong increase in USD and high US bond yields at 4.23% made gold lose its appeal in the eyes of investors.
The recovery of US stocks and the decline in oil prices further depressed market sentiment. On the H4 chart, gold has not yet escaped the sideways zone around EMA34 - a sign that buying power is weakening.
Gold falls below $3,300International gold prices are currently trading around $3,290/ounce, down $40 from last week and far from the record high of $3,500. The bearish structure still prevails as gold is below the EMA34 and EMA89, while failing many times to regain the $3,300 mark.
Strong profit-taking pressure, a recovering USD and rising bond yields are dragging gold prices down, despite the previous optimistic expectations from the Kitco survey. If gold continues to weaken below $3,300, it could head towards $3,250, deeper into the $3,200–$3,220 range. Conversely, only when it surpasses $3,320 will the downtrend be challenged.
Short-term strategy: Prioritize selling when gold recovers weakly.
GOLD WEEKLY - Key Events to Watch: ADP, Core PCE, Non-Farm📌 Weekly Gold Outlook – Key Events to Watch: ADP, Core PCE, Non-Farm Payrolls 📉📈
🌍 Fundamental Overview
Last week, gold faced heavy selling pressure after failing to sustain its rally above the $3,450 level. Easing concerns over the US–China trade tensions and a stronger US Dollar — supported by stronger-than-expected Durable Goods Orders — triggered a sharp correction in Price.
The US Federal Reserve (Fed) continues to adopt a cautious stance, awaiting clearer economic data before adjusting its monetary policy. Meanwhile, recent figures from both the US and China show signs of economic resilience, reducing safe-haven demand for gold in the short term.
Key Events This Week:
ADP Non-Farm Employment Change
Core PCE Price Index m/m
Non-Farm Payrolls (NFP)
Volatility is expected to rise sharply as these major economic indicators are released.
📊 Technical Analysis – XAU/USD 2H Chart
Gold is currently undergoing a corrective phase after its strong rally earlier this month. Price is forming a descending channel and consolidating around critical support and resistance zones.
Immediate Resistance: 3,325 – 3,377
Immediate Support: 3,275 – 3,235
As long as Price remains capped below 3,325, the bearish bias will remain dominant.
🧩 Main Scenarios for This Week
Short-Term Rebound:
Price may retest the 3,275–3,277 area before sellers regain control.
Medium-Term Bearish Pressure:
If Price fails to reclaim the 3,325 resistance zone, it could break lower toward 3,235, 3,197, and potentially deeper into the 3,108 or 3,066 liquidity zones.
Bullish Reversal Scenario:
A sustained breakout and close above 3,377 would invalidate the bearish outlook and suggest a move toward the 3,420 target.
🔍 Key Price Zones for This Week
Resistance: 3,325 → 3,377 → 3,420
Support: 3,275 → 3,235 → 3,197 → 3,108 → 3,066
🧠 Suggested Trading Strategy
Prefer short positions when Price retraces toward the 3,275 – 3,325 resistance zone, aiming for downside targets at 3,235 and 3,197.
Be cautious with long positions: only consider buying if Price drops deeply into 3,108 or 3,066 and shows strong support reaction.
⚡ Note:
Given the upcoming releases of ADP, Core PCE, and Non-Farm Payrolls, the market is expected to experience significant volatility.
Stay disciplined and await detailed intra-week updates around key event times.
Gold Retreats After Trump Confirms China Talks 📌 Gold Retreats After Trump Confirms China Talks – Political Noise Drives Volatility 🧨📉
Gold (XAU/USD) saw a sharp intraday drop following comments from President Trump, who confirmed that trade talks with China are “ongoing” — despite China denying any official negotiations had taken place. The market interpreted this as a signal of de-escalation, prompting a short-term price correction.
Gold had previously rallied past $3,500/oz, supported by a weaker USD and strong demand from bargain hunters after last week’s sharp decline. However, the current political contradictions and tariff headlines are creating erratic moves across all asset classes.
🌍 Fundamental Context
The USD weakened, stocks lost momentum, and risk sentiment shifted after a confusing round of statements from the US and China.
Meanwhile, US jobless claims rose slightly, reflecting a resilient labour market amid tariff-related headwinds.
Today’s Core Retail Sales data in the US could add more volatility heading into the weekly candle close.
It’s Friday — expect possible liquidity sweeps and aggressive price spikes as the market prepares for weekend risk-off moves.
📊 Trading Outlook – 26 April
We're seeing signs of a tactical pullback, but long setups should be delayed until political headlines stabilise. Focus on intraday reaction zones — not aggressive positioning.
🔻 SELL ZONES
3384 – 3386
• SL: 3390
• TP: 3380 → 3376 → 3372 → 3368 → 3364 → 3360 → ???
3406 – 3408
• SL: 3412
• TP: 3400 → 3396 → 3392 → 3388 → 3384 → 3380 → 3370 → 3360
🟢 BUY ZONES
3288 – 3286
• SL: 3282
• TP: 3292 → 3296 → 3300 → 3304 → 3310
3270 – 3268
• SL: 3264
• TP: 3274 → 3278 → 3282 → 3286 → 3290
🛡️ Final Notes & Strategy
Avoid rushing BUY entries — allow Price to complete its corrective phase and wait for structure and confirmation.
Today’s Core Retail Sales (US) could trigger a fresh wave of volatility.
It’s also weekly close Friday, so prepare for potential false breaks and stop hunts.
✅ Stick to your TP/SL. Protect your capital first — clarity will come when the dust settles.
💬 Are you watching for a short-term bounce or planning to fade strength near resistance? Let us know in the comments below! 👇👇👇
Gold forms a top patternOn the H4 chart, the gold price chart is forming a clear bearish structure after forming a three-peak pattern in a row around the $3,435–$3,470 range. Each time the price touches this range, it is strongly rejected, indicating that selling pressure controls the market. The fact that the price cannot maintain above the EMA34 and EMA9 at the same time is also a sign of confirmation of a weakening trend in the short term.
Although gold recovered slightly to the $3,365 range in the Asian session on April 25 thanks to news of PBOC money injection and a weakening USD, the buying pressure was not enough to break the bearish structure. The price quickly reversed and fell below the $3,300 mark, confirming the possibility of further correction in the near future.
Currently, the price has cut below the two EMAs and broken the nearest bottom at $3,290, triggering a bearish signal according to the “small head and shoulders” pattern on the H4. The next target is the strong support zone of $3,180–$3,220. If this zone is broken, the correction trend may extend deeper to the $3,100 area.
The appropriate short-term strategy at this time is to wait for the price to retrace to the $3,310–$3,330 area, cut losses above $3,350 and take profits around $3,200. The bullish scenario will only happen if the price breaks above $3,370 and closes above the old resistance – then the bearish structure will be broken.
Gold shows a bearish gapThe daily chart of gold shows a clear gap after the price peaked around $3,495/ounce. This is a warning sign of a reversal when strong selling pressure causes the opening price to be significantly lower than the closing price of the previous session. This gap often reflects distribution pressure from big players, especially in the context of gold having just experienced a hot rally.
In addition, the long red candle appearing right after the gap shows decisive selling pressure, pushing the price down to the $3,310/ounce area. Currently, although gold has slightly recovered to around $3,340, the short-term trend is leaning towards a correction as fundamental news continues to put downward pressure on prices.
President Trump's conciliatory statement on US-China trade and expectations of tariff reduction have significantly improved risk sentiment in the market. Strong money flows into stocks, causing gold to lose its safe-haven role. At the same time, the wave of profit-taking after the peak is also the main reason why gold "evaporated" tens of USD in just 24 hours.
Technically, if gold does not soon fill the GAP around the $3,390–$3,420 area, the correction trend will likely continue to expand to the EMA34 support area around the $3,200–$3,250 mark. A more positive scenario will only be triggered if gold regains the GAP and closes above $3,430.
In the current context, investors need to be cautious, prioritizing the strategy of waiting to sell when recovering to the resistance area, especially the area around the unfilled GAP.
Gold Drops Shock: Breaking Up the Upward ChannelThe 4-hour chart of gold shows a clear scenario of breaking the upward channel. After reaching a peak of nearly $3,495/ounce, the gold price has plummeted and is currently fluctuating around $3,325 – close to the EMA89 support and in the accumulation zone (green box) as per technical analysis. The EMA34 line has also been penetrated, confirming that the medium-term uptrend is losing strength.
This decline is not only due to technical factors but also due to the influence of political and economic information. President Trump's statement about not firing the FED Chairman and the expectation of future interest rate cuts have helped the risk sentiment recover. US stocks have rebounded strongly, causing investors to withdraw capital from gold – a safe-haven asset – and return to stocks.
Combining both technical and news factors, this deep decline is largely due to the reversal of market sentiment and strong profit-taking pressure after a prolonged increase. The chart pattern also suggests that the price may continue to fluctuate in the $3,280–$3,340 range to consolidate before a new round of volatility. If it breaks below the green box, gold could continue to correct deeper towards the $3,200 mark.
Gold accelerates thanks to US-China tensions and a weakening USDGold prices continued to show their strength when breaking through the old peak of 3,434 USD and moving up to 3,460 USD/ounce, equivalent to an increase of more than 61 USD in less than a day, showing that safe-haven buying is overwhelming the entire market. On the 1H chart, the bullish structure is clear with EMA34 and EMA89 maintaining a strong slope, the price continuously increased after short technical corrections, confirming that the uptrend is still very sustainable. In terms of news, gold is being supported by two factors: trade tensions between the US and China escalated after Beijing decided to sharply reduce crude oil imports from the US and shift to Canada, increasing global risk concerns.
At the same time, global stock markets fell sharply, while President Donald Trump's controversial statement asking the FED to immediately cut interest rates sent the USD to a 3-year low. The combination of political uncertainty, risk aversion and a weak greenback has created a strong catalyst for gold to continue to be sought after by investors. In the short term, the $3,440–$3,450 zone could be new support, and if it holds above this zone, gold could continue to extend its rally towards the psychological $3,500 level.
Gold targets $3,475: Strong wave has not stoppedThe world gold price's uptrend continues to hold steady after a technical correction to the support zone around $3,336 - $3,369 (Fibonacci 0.5 - 0.618), coinciding with EMA34 on the H4 frame, showing that buying power is still dominant in the main trend. The price has now recovered to around $3,395/ounce and continues to maintain a strong uptrend pattern with the target of expanding to the $3,475 zone - the 100% Fibonacci level of the most recent uptrend. The convergence between the technical structure and macro news creates a solid foundation for the uptrend: safe-haven money continues to flow into gold amid geopolitical instability, a weakening USD and market sentiment worried about risks from US economic policy.
Comments from experts such as Sean Lusk and Christopher Vecchio also reinforce the bullish outlook, especially as speculative money and central bank buying have yet to show signs of cooling off. With the EMA34 and EMA89 maintaining a positive slope, the possibility of the price continuing to climb to the target area of $3,475 is very high, before a short-term correction to test the breakout zone may appear. In the short term, any correction to the $3,370–$3,390 area is seen as an opportunity to increase long positions following the trend.
Trump is controlling the world marketFear gripped global markets earlier this week as major economies clashed over tariffs that threatened to push the United States and the world into recession.
Donald Trump said on Sunday that the United States was taking “medicine” to cure its trade “disease.” But the pressure on the Trump administration is growing as Americans’ investment and retirement accounts have plummeted. Even Trump’s staunchest supporters, including Sen. Ted Cruz, Rep. Mitch McConnell and Elon Musk, have begun to voice concerns.
JP Morgan CEO Jamie Dimon warned that the tariffs would push up commodity prices and slow economic growth, potentially leading to “stagflation.”
The market is currently pricing in five rate cuts by the Federal Reserve this year, totaling 1.25%. Many investors believe the Fed could make an emergency rate cut before its next policy meeting.
Technically, despite the weakness in gold prices, buyers still have the technical advantage in the short term. The overnight rebound suggests that sellers may be exhausted. The buyers’ target is to close above the resistance level of $3,201.60/ounce (the contract high). On the other hand, sellers want to push prices below the support level of $2,950/ounce.
Gold reverses sharply after Trump's tax announcementThe world gold price has reversed sharply because the global market has just received information last night (Hanoi time) that US President Donald Trump has just signed an executive order to impose taxes on all goods imported into the US, many countries will have to pay high taxes of up to tens of percent.
Specifically, the UK, Brazil, Singapore will be subject to a 10% tax. The European Union, Malaysia, Japan, South Korea, and India will be subject to 20-26%. China, Thailand, and Vietnam are among the countries subject to the highest tax rates, at 34%, 36%, and 46%, respectively. The highest is Cambodia, which will be subject to a tax rate of up to 49%. This tax rate will be applied from April 9. In addition, Mr. Trump said that a 10% import tax will be applied to all goods imported into the US from April 5.
Mr. Trump said that every year the US loses 1,200 billion USD due to the trade deficit due to 3,000 billion USD of imported goods.
After this information, the global financial market was shaken, in which the US stock market had a strong decline, losing from more than 1% to more than 2%. On the contrary, gold - an asset that ensures capital safety in case of risk - has benefited from a strong increase in price.
Many experts commented that the Trump government's tariff policy has increased global trade tensions. Previously, the US imposed tariffs on some goods from Canada, Europe and China, aluminum and steel. These countries have responded to the tariffs on the US.
Gold prices remain on the riseLast week, the world gold price surpassed the historical peak of over 3,057 USD/ounce but quickly decreased due to profit-taking pressure from investors. However, the price remained above the psychological support level of 3,000 USD/ounce - a level that many experts predicted would be an important support in the coming time.
The general sentiment in the market is still leaning towards optimism. Many central banks continue to increase their gold reserves as a way to diversify away from the USD. Meanwhile, individual investors and ETFs have also begun to return to the gold market.
Data from the SPDR Gold Shares fund shows that the amount of gold held has increased by more than 37 tons this year, to 910 tons. Although this figure is still lower than in 2020, the upward momentum is returning due to concerns about inflation and escalating trade tensions.
FOMC today ?World gold prices increased by 3 USD, to 3,030 USD/ounce. In the US trading session (night of March 18), gold at one point rose to a record high of 3,035.4 USD/ounce. The safe haven demand for gold has pushed prices to a record high. Investors are worried about the increase in global trade wars and new geopolitical developments between countries, so they have bought gold.
Israel launched airstrikes across the Gaza Strip early Tuesday morning, killing at least 400 Palestinians, including women and children, according to hospital officials. The surprise bombing broke a ceasefire that had been in place since January and threatened to completely reignite the 17-month war. Over the weekend, the US attacked Houthi targets in the Middle East and vowed to attack more.
In addition, investors are now watching the Federal Reserve Open Market Committee (FOMC) meeting, which begins Tuesday morning and ends Wednesday afternoon. The market is not expected to make any changes to interest rates at this meeting, but will closely analyze the wording of the FOMC statement and Fed Chairman Jerome Powell's press conference.
GOLD hit 3000$ The first notable event is the Bank of Japan (BOJ) monetary policy meeting on Tuesday, followed by the US Federal Reserve (FED) interest rate decision on Wednesday. The Swiss National Bank (SNB) and the Bank of England (BOE) will announce their interest rate policies on Thursday.
These moves can directly affect the strength of the USD and capital flows into gold. This expert believes that if the FED maintains a "hawkish" stance and takes a cautious view on cutting interest rates, the USD may continue to strengthen, putting pressure on gold prices. On the contrary, if the signals from the FED are more easing, the precious metal may maintain its upward momentum.
Commodity experts at Macquarie have raised their gold price forecast to $3,500 an ounce by the third quarter of 2025. They had previously targeted $3,000 for mid-year, but gold prices have hit that mark earlier than expected.