Contents
Market Recap
Gold prices have shown significant volatility in recent days, with micro gold futures reaching $3,423.40 per ounce in late April 2025. While some analysts project moderate price fluctuations for the month, others highlight bullish momentum driven by geopolitical tensions and inflationary pressures. For active traders, platforms like Exness offer efficient tools to capitalize on these trends.Current Price Action and Trends
Price Level
Gold (XAU/USD) is trading near $3,400, with recent highs reflecting bullish sentiment.Trend
A strong upward trajectory persists, supported by technical momentum and macroeconomic factors.Key Levels
- Immediate Support: $3,275 (critical breakdown level)
- Resistance: $3,500โ$3,600 (ANZโs near-term forecasts)
- Long-Term Target: $3,600 by year-end
Trading Strategy for XAU/USD
Entry Points
- Pullback Entry: Buy during retracements to $3,275, targeting $3,400โ$3,500.
- Breakout Entry: Enter long positions above $3,500, aiming for $3,600+ resistance levels.
Risk Management
- Stop Loss (SL): Place 1%โ2% below the entry price (e.g., $3,260โ$3,270 if entering near $3,275).
- Take Profit (TP): Target $3,500 (first TP) and $3,600 (second TP).
Key Indicators to Monitor
- RSI: Look for dips below 40 (oversold) to initiate buys or peaks above 70 (overbought) for exits.
- Moving Averages: Monitor the 50-period MA crossing above the 200-period MA for trend confirmation.
Rationale for Strategy
- Bullish Drivers: Institutional forecasts (e.g., ANZโs $3,600 target) and seasonal trends favoring strength through September.
- Volatility: Use ATR to gauge stop-loss distances and identify entry opportunities during pullbacks.
Final Advice
Prioritize breakouts above $3,500 with tight SLs. If entering on pullbacks, ensure price holds above $3,275. Exit 50% of positions at $3,500 and ride the remainder toward $3,600. Monitor Fed commentary and geopolitical news for volatility spikes.