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04.04.202517:37 Forex Analysis & Reviews: Trading Signals for GOLD (XAU/USD) for April 4-7, 2025: sell below $3,120 or buy above $3,025 (21 SMA - rebound)

Exchange Rates 04.04.2025 analysis

Early in the American session, gold is trading around 3,126, below the 8/8 Murray, and below the 21st SMA, under strong bearish pressure and strong volatility.

We believe that gold could continue its decline in the coming hours and could reach the 7/8 Murray level at 3,046.

On the other hand, a consolidation above 3,120 could signal a resumption of the bullish cycle, and gold could reach its high of 3,167 and even touch the +1/8 Murray level at 3,203.

Besides, this area represents important support as it coincides with the high recorded on March 17.

We believe that a technical rebound could occur, so this area could be seen as an opportunity to buy.

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Dimitrios Zappas,
Analytical expert of InstaSpot
© 2007-2025
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