empty
10.04.2025 08:05 PM
XAU/USD. Analysis and Forecast

This image is no longer relevant

Today, gold maintains a positive tone, trading above the $3100 level.

Concerns about the escalation of the trade war between the U.S. and China, along with fears of a global economic slowdown due to tariffs, continue to support demand for safe-haven assets

In addition, rising inflation expectations are further enhancing the precious metal's status as a hedge against price increases. Expectations of multiple interest rate cuts by the Federal Reserve in 2025, along with renewed selling of the U.S. dollar, are providing additional support to gold prices.

This image is no longer relevant

However, gold bulls remain cautious and are refraining from opening new positions amid the improved global risk sentiment following the tariff pause announced by U.S. President Donald Trump.

Today, traders are advised to wait for the release of U.S. consumer inflation data for better trading opportunities.

From a technical perspective, bullish oscillators on the daily chart support the potential for further price growth. As such, strength toward a retest of the all-time high near $3168, reached earlier this month, appears quite likely.

On the other hand, weakness below the psychological $3100 level will find support near $3080. Below that, the $3057 level is seen as a key pivot; a break below it would leave gold vulnerable to a decline toward the $3000 psychological support. A decisive break of that level would shift the bias in favor of the bears.

Irina Yanina,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

What to Pay Attention to on May 8? A Breakdown of Fundamental Events for Beginners

Very few macroeconomic events are scheduled for Thursday, and none are significant. Germany will release its industrial production report for March, and the U.S. will publish weekly jobless claims. These

Paolo Greco 06:05 2025-05-08 UTC+2

GBP/USD Overview – May 8: The Tesla Crisis as the Apex of Trump's Policy

The GBP/USD currency pair traded relatively calmly for most of Wednesday despite the evening FOMC meeting. As per our usual approach, we won't be analyzing the results of that meeting

Paolo Greco 03:39 2025-05-08 UTC+2

EUR/USD Overview – May 8: A First Step Toward De-escalation?

The EUR/USD currency pair continued to trade sideways for most of Wednesday. There was a minor upward movement, but as a reminder, the pair has now been range-bound for three

Paolo Greco 03:39 2025-05-08 UTC+2

EUR/USD: Awaiting the Geneva Meeting

The EUR/USD pair continues to trade within a narrow price range ahead of announcing the Federal Reserve's May meeting results. Although the outcome is largely predetermined (the central bank

Irina Manzenko 00:47 2025-05-08 UTC+2

The Dollar Initiates Talks

Can the Fed Take the Spotlight? Or will the White House's tariff policy continue to overshadow the central bank's actions? The upcoming FOMC meeting and the start of U.S.–China negotiations

Marek Petkovich 00:47 2025-05-08 UTC+2

Commodity Currencies Decline Ahead of FOMC Meeting: NZD/USD Overview

The labor market report from New Zealand, published on Wednesday, is the last major release before the RBNZ meeting at the end of May. Notably, instead of clarifying the outlook

Kuvat Raharjo 00:47 2025-05-08 UTC+2

The Fed to Hold Rates Despite Pressure

The euro and the pound remain range-bound ahead of a key meeting of the U.S. Federal Reserve, where officials are expected to leave interest rates unchanged as they await clarity

Jakub Novak 19:49 2025-05-07 UTC+2

USD/JPY. Analysis and Forecast

Today, the Japanese yen reached a new daily low, which contributed to the rise of the USD/JPY pair to nearly the 143.50 level. This increase is driven by positive global

Irina Yanina 19:33 2025-05-07 UTC+2

NZD/USD. Analysis and Forecast

The NZD/USD pair is pulling back from a more than two-week high in the 0.6025–0.6030 level. Currently, the quotes have fallen below the psychological level of 0.6000, signaling a pause

Irina Yanina 19:31 2025-05-07 UTC+2

U.S. Trade Deficit Hits Record High in March

The euro responded with an increase following the news that the U.S. trade deficit rose to a record level in March this year, as companies rushed to import goods, including

Jakub Novak 10:48 2025-05-07 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

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 InstaForex anyway.

We are sorry for any inconvenience caused by this message.