Hello Everyone Here is My #XAUUSD (Gold) Analysis - 28 April 2025
Gold is currently trading around $3295 with a key Pivot Point at $3270
📉Main Scenario –Selling Pressure Expected: If price remains below #3295 and especially breaks below the #3270 #Pivot Point, we expect strong bearish momentum.
📉Downside Targets are:
📉Target 1: $3250
📉Target 2: $3230
📉Target 3: $3200
Further weakness could drive gold towards the key #Support Area at $3155 and into the major #Demand Zone between $3140 $3135
📈Alternate Scenario – Limited Upside:
Only if price breaks and sustains above $3310 we might see a move towards $3330 and $3345.
Otherwise, sellers are expected to remain in control.
📊Trend Outlook:
📉Below $3295 and $3270 = Selling opportunities favored
Watch for rejections near resistance to add confirmation for short positions.
📊Key Levels:
📈Resistance: $3310 $3330 $3345
📊Pivot Point: $3270
📉Support Area: $3200 $3155 $3135
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Gold is currently trading around $3295 with a key Pivot Point at $3270
📉Main Scenario –Selling Pressure Expected: If price remains below #3295 and especially breaks below the #3270 #Pivot Point, we expect strong bearish momentum.
📉Downside Targets are:
📉Target 1: $3250
📉Target 2: $3230
📉Target 3: $3200
Further weakness could drive gold towards the key #Support Area at $3155 and into the major #Demand Zone between $3140 $3135
📈Alternate Scenario – Limited Upside:
Only if price breaks and sustains above $3310 we might see a move towards $3330 and $3345.
Otherwise, sellers are expected to remain in control.
📊Trend Outlook:
📉Below $3295 and $3270 = Selling opportunities favored
Watch for rejections near resistance to add confirmation for short positions.
📊Key Levels:
📈Resistance: $3310 $3330 $3345
📊Pivot Point: $3270
📉Support Area: $3200 $3155 $3135
Follow Gold Global Club for more high-quality weekly insights. Drop your thoughts in the comment bullish or bearish?
Thanks ❤
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#XAUUSD (Gold) Market Update 28 April 2025📊Recap of Gold Movement: Gold initially dropped near the #Pivot Point at $3273 as expected, before rebounding strongly. The price surged, hitting all our #Buy targets and testing the Resistance Area near $3353.
Currently, Gold is trading at $3322 showing continued bullish momentum
📉Bearish Move: Gold initially dropped from $3295 to $3273 → +220 Pips Collected in Sell
Pivot Point tested at $3273, with a brief bearish pullback.
📈Bullish Trend: After the pullback, gold reversed and followed a strong Buy trend.
Reached our first upside Target at $3310 followed by $3330 and $3345
Gold has continued upwards, currently trading around $3322 approaching the resistance zone near $3353.
📉Resistance Area Testing: Gold is approaching the $3353 resistance area, where we should watch for potential signs of rejection or consolidation before further bullish movement.
📊Total Pips Calculation:
📉First Drop: $3295 → $3,273 = 220 Pips
📈Bullish Move: $3273 → $3310 = +370 Pips
📈Further Bullish Move: $3310 → $3330 = +200 Pips
📈Extended Bullish Move: $3330 → $3353 = +230 Pips
📊 Total Pips Achieved So Far : +820 Pips in total from Sell and Buy target combined.
📊Updated Key Levels:
📊Pivot Point: $3300
📉Support Zone: $3270 $3250 & $3230
📈Resistance Levels: $3345 $3370 $3400
📊Trend Outlook:
📉Bearish below :$3300
📈Bullish above $3345 with targets at $3370 & $3400
Watch for any rejections or pullbacks near the resistance levels for potential further opportunities.
#Gold Respected Our Analysis Perfectly Today!
Let me know in the comments if you took advantage of these levels!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.