Gold Spot / U.S. Dollar
Long
Updated

price increase, new ATH for gold: 3290

196
XAU / USD trend forecast APRIL 16, 2025

⚠️Gold prices closed Tuesday on a strong note, supported by increased demand from traders seeking refuge in precious metals amid ongoing uncertainty surrounding US President Donald Trump's tariff agenda, which continues to unsettle markets. XAU/USD is currently valued at $3,240 per troy ounce, marking a gain of more than 6.5%.

The metal saw a significant upswing late in the New York session as US Treasury yields extended their decline for a second consecutive day. Market sentiment took a further hit on concerns that President Trump might extend tariffs to include pharmaceuticals.

In other trade-related developments, China instructed its domestic airlines to suspend the receipt of Boeing aircraft, further dampening investor sentiment.

⚠️ Gold growth continues to be fomo in Asian session Wednesday, gold price creates ATH 3276 and continues to aim for new ATH 3290 today

🚨/// SELL XAU : zone 3289-3292

SL: 3297

TP: 50 - 100 - 300pips ( 3262 )


🚨/// BUY XAU : zone 3248 - 3245

SL: 3240

TP: 50 - 150 - 300pips ( 3275 )


Safe and profitable trading
Trade active
Gold price reacts 45 pips, at entry sold 3289-3292. The force continues to increase to 3317

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