Contents
Market Recap
Gold remains one of the most dynamic markets for trading in 2025, with volatility driven by macroeconomic factors and geopolitical tensions. For traders seeking reliable platforms, Exness offers competitive spreads and execution speeds, making it a top choice for XAU/USD trading.Current Price Action and Trends
Price Level:
As of April 16, 2025, gold trades near $3,223β$3,226 per ounce, having rebounded from recent lows of $2,956 during heightened risk-off sentiment.Trend:
The broader trend remains bullish within a defined upward channel, supported by safe-haven demand and a weakened US dollar.Key Levels:
- Support: $3,205 (short-term pivot) and $3,115 (critical floor).
- Resistance: $3,265 (immediate breakout zone) and $3,285β$3,335 (long-term targets).
- Long-Term Target: Above $3,335 toward $3,365β$3,385 if bullish momentum sustains.
Trading Strategy for XAU/USD
Entry Points
- Pullback Entry: Buy dips to $3,205β$3,185, aligning with the bullish channel and RSI support.
- Breakout Entry: Go long above $3,265, confirming a close above resistance and targeting $3,285β$3,335.
Risk Management
- Stop Loss (SL): Place 1.5β2% below entry (e.g., $3,170 for a $3,205 entry). A breach of $3,115 invalidates the bullish bias.
- Take Profit (TP): Set TP1 at $3,285 (1:1 risk-reward) and TP2 at $3,335 (2:1 ratio).
Key Indicators to Monitor
- RSI: Currently neutral (35.5β53). Watch for divergence below 30 (oversold) or above 70 (overbought).
- Moving Averages: Bullish alignment with 50-day SMA ($3,010.35) and 200-day SMA ($2,781.81).
Rationale for Strategy
- Bullish Drivers: Geopolitical risks, weak dollar, and inflation hedging demand.
- Volatility: Prepare for price swings ahead of FOMC minutes (April 9) and US inflation data (April 10).
Final Advice
Trade the pullback strategy today, targeting the $3,205 support zone. Use tight stops and scale out partially at $3,285 to lock profits. Avoid overleveraging, as volatility remains elevated. Monitor news catalysts (e.g., Fed commentary) for trend confirmation.