empty
23.04.2025 02:31 PM
Trading Signals for GOLD (XAU/USD) for April 23-25, 2025: sell below $3,333 (200 EMA - 6/8 Murray)

This image is no longer relevant

Early in the American session, gold was trading at around 3,333 within the downtrend channel formed on April 22. XAU/USD is showing signs of oversold and is bouncing after reaching the 6/8 Murray level and the 200 EMA area.

Gold could continue its bearish cycle if it falls below 3,333 (the top of the bearish channel) and could likely reach 3,291, even reaching the Murray 6/8 at 3,281.

Conversely, if it finds strong support around the 200 EMA, it could rebound again, as it technically shows signs of being oversold, and a recovery is expected to occur in the coming days.

On the other hand, if gold breaks and consolidates above $3,341, it could be positive, and we could look for buying opportunities with targets at $3,389 and eventually at about $3,437.

Having reached a high of $3,497, gold made a technical correction of more than $200, which means we could expect a correction in line with the Fibonacci indicator around $3,400 in the coming days. The key is to watch for the gold price to consolidate above $3,280.

Our trading plan for the next few hours is to sell gold below $3,333, with targets at $3,313 and $3,291. We can buy above $3,280 with short-term targets at $3,437.

Dimitrios Zappas,
Analytical expert of InstaTrade
© 2007-2025

Recommended Stories

USD/CAD. Analysis and Forecast

As of Friday, the USD/CAD pair is under pressure for the second consecutive day, driven by a combination of negative factors. Yesterday's weaker-than-expected U.S. macroeconomic data reinforced market expectations

Irina Yanina 11:28 2025-05-16 UTC+2

Forex forecast 16/05/2025: EUR/USD, USD/JPY, USD/CAD, Gold, Oil and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 11:08 2025-05-16 UTC+2

US Dollar Index (DXY). Analysis and Forecast

The U.S. Dollar Index, which tracks the performance of the U.S. dollar against a basket of major currencies, continues to trade with a bearish bias for the second consecutive

Irina Yanina 10:56 2025-05-16 UTC+2

EUR/USD. May 16th. A Challenging Path for the Dollar

On Thursday, the EUR/USD pair twice declined toward the 127.2% Fibonacci level at 1.1181 and bounced off it both times, signaling a reversal in favor of the euro. This opens

Samir Klishi 10:21 2025-05-16 UTC+2

Forecast for GBP/USD on May 16, 2025

On the hourly chart, the GBP/USD pair on Thursday reversed once again in favor of the British pound and began a renewed move toward the resistance zone of 1.3344–1.3357

Samir Klishi 10:13 2025-05-16 UTC+2

EUR/USD Forecast for May 16, 2025

In yesterday's calm market, despite the release of various economic data from Europe and the U.S., the euro still managed to gain 13 pips. At the very least, this confirmed

Laurie Bailey 05:21 2025-05-16 UTC+2

GBP/USD Forecast for May 16, 2025

On Thursday, the UK released strong GDP data but failed to spark noticeable activity in the currency market, as the growth came solely from the services sector

Laurie Bailey 05:21 2025-05-16 UTC+2

USD/JPY Forecast for May 16, 2025

Friday may mark the fourth consecutive day of a bearish (black) daily candle. The last time this pattern occurred was from February 3–6. In that instance—and the two previous occurrences—a

Laurie Bailey 05:07 2025-05-16 UTC+2

USD/CAD Forecast for May 16, 2025

Over the past four days, the price has failed to break through the resistance level at 1.4010, not that it made much of an attempt. Yesterday, the price reversed from

Laurie Bailey 05:07 2025-05-16 UTC+2

Bitcoin Forecast for May 16, 2025

Bitcoin's seven-day consolidation above the 102,698 level appears to be coming to an end. We await the final confirmation from the Marlin oscillator, which needs to bounce off the lower

Laurie Bailey 05:07 2025-05-16 UTC+2
Can't speak right now?
Ask your question in the chat.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.

We are sorry for any inconvenience caused by this message.