Contents
Market Recap
Trading gold in Exness remains an attractive opportunity amid volatile markets, especially with the metal’s recent surge to record highs. Gold’s current price of $3,327.01 (as of April 20, 2025) reflects heightened demand driven by economic uncertainty and geopolitical tensions.Current Price Action and Trends
Price Level
Gold currently trades at $3,327.01, reflecting a bullish trend despite recent corrections.Trend
The metal remains in a strong uptrend, with prices recovering from mid-April dips (e.g., $3,113.89 on April 4) to new highs.Key Levels
- Support: $3,250 (near April 16 close of $3,251.19)
- Resistance: $3,327 (current price) and psychological $3,350+
- Long-Term Target: $3,350–$3,400 (aligning with 2025 forecasts)
Trading Strategy for XAU/USD
Entry Points
- Pullback Entry: Buy on a dip to $3,300 (retest of recent support) with confirmation from bullish RSI divergence.
- Breakout Entry: Buy above $3,350 resistance, targeting $3,400.
Risk Management
- Stop Loss (SL): Place 1.2% below entry (e.g., $3,290 for a $3,300 entry).
- Take Profit (TP): Sell 50% at $3,350 and 50% at $3,400.
Key Indicators to Monitor
- RSI (14-period): Look for oversold conditions (<30) during pullbacks or overbought signals (>70) to confirm strength.
- Moving Averages: 50-day ($3,100) and 200-day ($3,000) remain bullish supports.
Rationale for Strategy
- Bullish Drivers: Trade war tariffs, central bank demand, and recession fears.
- Volatility: Expect swings due to geopolitical news and U.S. economic data; tighter stops advised during high-impact events.
Final Advice
When to Open:- Buying Opportunity: Enter on a pullback to $3,300 with SL at $3,290.
- Breakout Opportunity: Buy on a sustained close above $3,350.
When to Close:
- Sell half at $3,350 (quick TP), and let the rest ride to $3,400.
- Exit entirely if RSI breaks below 40 or SL is triggered.
Critical Considerations:
- Watch tariff announcements and Federal Reserve statements for market shifts.
- Use limit orders in volatile sessions to secure better entry/exit prices.
Gold’s resilience through recent corrections signals strength, but traders must adapt to macroeconomic shocks. Stay disciplined with stops, and leverage Exness’s low spreads for cost-efficient trading.
