Contents
Market Recap
Gold remains a lucrative trade at Exness, particularly amid geopolitical volatility and macroeconomic shifts. Recent price action reflects heightened demand for safe-haven assets, driven by U.S. tariff policies and central bank diversification strategies.Current Price Action and Trends
Price Level:
Gold (XAU/USD) oscillates between $3,015 and $3,130, responding to tariff-induced market turbulence. As of April 10, 2025, prices hover near $3,046, with short-term volatility amplifying trading opportunities.Trend:
Bullish momentum dominates long-term trajectories, though intraday corrections signal profit-taking. The formation of a “Triangle” pattern suggests pending directional clarity.Key Levels:
- Support: $3,015 (critical floor for bullish correction), $2,955 (multi-week low)
- Resistance: $3,065 (descending channel upper boundary), $3,135-3,138 (short-term ceiling)
- Long-Term Target: $3,145 (immediate bullish projection), $3,444 (record high extension)
Trading Strategy for XAU/USD
Entry Points
- Pullback Entry: Accumulate positions near $3,015 support, targeting a rebound toward $3,145. Ideal for trend-following traders.
- Breakout Entry: Execute above $3,065 resistance, aiming for $3,135-3,138 as initial upside targets.
Risk Management
- Stop Loss (SL): Place below $2,955 for pullback entries; below $3,005 for breakout trades. Protects against invalidation of bullish thesis.
- Take Profit (TP): First target: $3,145; second target: $3,444. Aligns with technical breakout projections.
Key Indicators to Monitor
- RSI: Neutral reading (~53) suggests balanced momentum. Bullish divergence at $3,015 support could trigger recovery.
- Moving Averages: 50-day EMA (~$3,058) acts as dynamic resistance; 200-day MA (~$2,960) underpins long-term bullish structure.
Rationale for Strategy
- Bullish Drivers:
- Safe-haven demand from U.S. protectionist policies
- Weak dollar index (-0.8% intraday) and NFP-triggered volatility
- Central bank gold accumulation hitting 30-year highs
- Volatility:
- FOMC minutes (April 9)
- U.S. inflation data (April 10)
- PPI and consumer sentiment (April 11)
Final Advice
- Immediate Action: Buy dips toward $3,015 with SL below $2,955. Trail stops after $3,065 breakout.
- Scenario Management:
- Bull Case: Close above $3,065 rallies toward $3,144-3,445
- Bear Case: Break below $2,955 flags correction toward $2,905 or $2,870
- Strategic Caution: Avoid over-leveraging during NFP and inflation reports; reduce position size through event windows.
Dynamism reigns supreme in XAU/USD trading. Capitalize on volatility but respect technical boundaries—gold’s safe-haven appeal amplifies risks and rewards.
