Gold Spot / U.S. Dollar
Long
Updated

Gold market booms, continues new ATH 3363

153
XAU / USD trend forecast APRIL 17, 2025

⚠️Gold prices continued their record-setting rally for the third time this week, fueled by a weakening US Dollar amid growing trade tensions between the US and China. These escalating frictions are boosting investor demand for safe-haven assets such as precious metals. At the time of writing, XAU/USD is trading at $3,342, marking a gain of over 3.50%.

The deteriorating trade environment further dampened market sentiment after US President Donald Trump launched a probe into potential tariffs on rare earth imports, intensifying the standoff with China.

⚠️ Gold price shows that the FOMO is very large, will continue to move towards new ATHs, along with risks for strong price drops, profit taking. Pay attention to the potential ATH price zone 3363

🚨/// SELL XAU : zone 3362-3365

SL: 3370

TP: 50 - 100 - 300pips ( 3335 )


🚨/// SELL XAU : zone 3375-3378

SL: 3383

TP: 50 - 200 - 400pips ( 3338 )



Safe and profitable trading
Trade active
Gold price begins Sideway around 3310 - 3330, before the US session
Trade closed: target reached
Gold price adjusted below 3300, a small part of investors with psychological profits here

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.