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Forexmart's Market Analysis section provides up-to-date information about the financial market. The overviews are intended to give you an insight into current trends, financial forecasts, global economic reports, and political news that influence the market.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Trading Signals for GOLD (XAU/USD) for April 11-13, 2025: sell below $3,235 (+1/8 Murray - overbought)
10:04 2025-04-11 UTC--4
Exchange Rates analysis

Early in the American session, gold is undergoing a strong technical correction after reaching a new high around 3,237.69 for now. Economic data from the United States will be released in a few hours. We believe a pullback to 3,231-3,237 could occur, and the yellow metal could even surpass its high.

The strong volatility in gold suggests caution and lower risk when trading. Technically, gold has not shown any technical correction so far.

Since the rebound on April 8th around 2,968, it has reached its current high around 3,237, indicating that a new bearish cycle could follow.

We could expect a strong technical correction toward the 8/8 Murray at 3,125 in the coming days. The metal could even reach the 21st SMA located at 3,089.

Technically, XAU/USD is overbought on the daily chart. A strong technical correction is highly probable in the coming hours or even next week. We could expect gold to return to 3,125 or even the psychological level of $3,000.

If gold breaks and consolidates above 3,235, we can expect it to continue rising to 3,245 (daily R_2) and eventually reach the strong resistance of the +2/8 Murray at 3,281, which could act as a barrier.

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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.