XAU/USD quotes continue to move within the framework of the development of the correction and the formation of the “Triangle” model. At the time of publication of the forecast, the price of Gold for today is 3318 Dollars per Troy Ounce. Moving averages indicate the presence of a short-term bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the asset and potential continuation of growth from current levels. At the moment, we should expect an attempt to develop the fall of gold and a test of the support level near the area of 3290. From where we should expect an upward rebound and continued growth in the price of Gold with a potential target above the level of 3425.
GOLD Forecast and Analysis for April 30, 2025
An additional signal in favor of the growth of XAU/USD quotes will be a test of the support line on the relative strength indicator (RSI indicator). The second signal will be a rebound from the lower border of the “Triangle” pattern. The cancellation of the option of growth in Gold prices on April 30, 2025 will be a fall in prices and a breakout of the level of 3245. This will indicate a breakout of the support area and a continuation of the fall in asset quotes to the area below the level of 3195. We should expect an acceleration of the growth of XAU/USD quotes with a breakout of the resistance area and the price closing above the level of 3355, which will indicate a breakout of the upper border of the “Triangle” pattern and the beginning of the implementation of the pattern with targets at the top.
GOLD Forecast and Analysis for April 30, 2025 suggests an attempt to develop a bearish price correction and test the support area near the level of 3290. Further, the continuation of the growth of non-ferrous metal quotes with a target above the level of 3425. The cancellation of the option of growth in Gold prices will be a fall in the value of the asset in the markets and a breakout of the level of 3245. This will indicate a continuation of the decline in the price of Gold with a potential target below the mark of 3195.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
