XAU/USD Technical Analysis — April 21, 2025
The Gold shows a bullish trend continuation pattern, with price currently testing a key resistance area. Three key levels have been identified for potential buy entries depending on how price reacts:
🔴 1st Buying Level: $3,396 - Breakout and Retest Zone
Entry Strategy: Buy only if price breaks above this level and successfully retests it.
Condition for Buying: A clear breakout followed by a minor retest confirming support.
Condition for Selling: If price gets rejected at this level and shows weakness on a minor retest, a short position could be considered.
⚫ 2nd Buying Level: Around $3,370
Entry Strategy: Buy if price pulls back to this level and it holds as support.
Note: This is a more conservative buy zone, ideal if the breakout fails and price retraces.
Confirmation Needed: Look for bullish price action like a pin bar or bullish engulfing candle at this level.
⚫ 3rd Buying Level: Around $3,355 (Ideal Entry)
Entry Strategy: This is considered the “perfect” buying level.
Reason: It aligns with previous structure and demand zone.
Best For: Traders looking for a deep pullback with optimal risk-reward potential.
🎯 Bullish Target: $3,425
If price breaks and sustains above the $3,396 level, the next potential upside target is $3,425.
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The Gold shows a bullish trend continuation pattern, with price currently testing a key resistance area. Three key levels have been identified for potential buy entries depending on how price reacts:
🔴 1st Buying Level: $3,396 - Breakout and Retest Zone
Entry Strategy: Buy only if price breaks above this level and successfully retests it.
Condition for Buying: A clear breakout followed by a minor retest confirming support.
Condition for Selling: If price gets rejected at this level and shows weakness on a minor retest, a short position could be considered.
⚫ 2nd Buying Level: Around $3,370
Entry Strategy: Buy if price pulls back to this level and it holds as support.
Note: This is a more conservative buy zone, ideal if the breakout fails and price retraces.
Confirmation Needed: Look for bullish price action like a pin bar or bullish engulfing candle at this level.
⚫ 3rd Buying Level: Around $3,355 (Ideal Entry)
Entry Strategy: This is considered the “perfect” buying level.
Reason: It aligns with previous structure and demand zone.
Best For: Traders looking for a deep pullback with optimal risk-reward potential.
🎯 Bullish Target: $3,425
If price breaks and sustains above the $3,396 level, the next potential upside target is $3,425.
Kindly, follow, comment, and like.
Trade active
Upon closure above 3396, gold reacted nicely for 300+ pips from 3396, if you bought in quantities. Enjoy
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✅Free Telegram Group
t.me/+6YQX9c4-BiQ2M2M8
Twitter 👇
twitter.com/QuinnGoldTrader
WhatsApp👇
wa.me/message/HRLMFQNPUGIRF1
t.me/+6YQX9c4-BiQ2M2M8
Twitter 👇
twitter.com/QuinnGoldTrader
WhatsApp👇
wa.me/message/HRLMFQNPUGIRF1
Related publications
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.