XAUUSD Analysis & Price Forecast April 2025
The Gold market remains in a technical uptrend on the Monthly, Weekly & Daily Time Frames as the buyers maintain control.
On a technical basis, there is some resistance on the Daily time frame around the 3050-3070 level that will need to be taken out for the price to advance. Barring that, we could see a reversal down to the 2955 area and possibly even lower to the 2855 area.
The near term price target still remains 3050-3100 for new highs. Here are the important price levels to watch:
| Level | Value |
|---|---|
| Pivot Point | 2971.26 |
| Potential Upside Target 3 | 3349.77 |
| Potential Upside Target 2 | 3196.14 |
| Potential Upside Target 1 | 3110.89 |
| Potential Downside Target 1 | 2885.01 |
| Potential Downside Target 2 | 2746.38 |
| Potential Downside Target 3 | 2591.75 |
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