Gold Spot / U.S. Dollar
Long
Updated

keep waiting for new ATH 3404, bulls dominate

267
XAU / USD trend forecast April 21, 2025 Scalping

⚠️Gold price (XAU/USD) holds onto its solid intraday gains near record highs during Monday’s Asian session, staying close to the key $3,400 level. Persistent concerns over the economic impact of US President Donald Trump’s aggressive tariff measures and the intensifying US-China trade conflict continue to fuel demand for the safe-haven metal.

Additionally, growing uncertainty surrounding Trump’s trade agenda has led to a decline in investor confidence in the US economy. Expectations that the Federal Reserve (Fed) may soon restart its rate-cutting cycle have also pressured the US Dollar (USD) to its lowest point since April 2022, further supporting non-interest-bearing gold. That said, XAU/USD bulls might take a brief pause as technical indicators on the daily chart suggest overbought conditions.

⚠️Currently, the gold price fomo is constantly increasing, and will continue to move towards new higher ATHs: 3404

🚨/// SELL XAU : zone 3404 - 3406 Scalping

SL: 3409

TP: 50 - 100 - 200pips ( 3386 )



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Gold price has strong growth all day, reaching 3430 new vertices

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