empty
 
 
25.04.2025 06:02 PM
Trading Signals for GOLD (XAU/USD) for April 25-29, 2025: buy above $3,270 (21 SMA - rebound)

This image is no longer relevant

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 now be reaching support levels, and consolidation is expected in the coming hours.

Gold is trading in a technical rebound zone. The Eagle indicator has reached oversold levels; a recovery in the gold price is likely in the coming days, potentially reaching 61.8% around 1,420.

Meanwhile, we can look for opportunities to buy above the Murray 6/8 at 3,280, with targets at 3,359, 3,390, and 3,420.

Conversely, if gold consolidates below 3,270 and falls below this zone, it is likely to continue its bearish cycle and could reach 5/8 of Murray at $3,200.

Our trading plan for the coming hours is to buy above 3,270 or above 3,281, with short-term targets around 8/8 of Murray.

Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2025
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
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback