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Stock market analytics, financial forecasts

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 May 1-3, 2025: buy above $3,203 (200 EMA - 5/8 Murray)
11:49 2025-05-01 UTC--4
Exchange Rates analysis

Early in the American session, gold was trading around 3,223, rebounding after reaching the 5/8 Murray low around 3,203.

Gold is expected to continue recovering in the coming hours; however, we could expect consolidation to occur, as the instrument appears technically oversold.

The price of the yellow metal is likely to trade between 3,203 and could reach the bottom of the bearish channel around 3,181 in the coming days, a level that coincides with the 200 EMA at 3,173.

A technical rebound above 3,175 could be seen as an opportunity to buy gold, as it is showing signs of exhaustion of its bearish strength. The metal could likely reach the Murray 6/8 level around 3,281 in the coming days.

We could buy if it settles above 3,203 in the coming hours, with targets at 3,247 and 3,281.

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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.