#XAUUSD (Gold) Analysis – April 30, 2025
Gold is currently trading around $3309 with price showing signs of hesitation below key resistance. I am favoring Sell Opportunities from the $3330 resistance Zone, where sellers are likely to step in.
📈Key Resistance: $3330 First Important resistance level to watch. I expect bearish pressure from this area.
📈Major Resistance Zone: $3355 – $3375 : If $3330 breaks, this is the next strong barrier where sellers may regain control.
📉Bearish Targets:
📉Target 1: $3300
📉Target 2: $3280
📉Support Area: $3270 –$3250 – A potential demand zone and profit-taking area.
📊Outlook: As long as price remains below $3330, my bias remains bearish. A clean rejection from this level can confirm downside continuation. However, a breakout above $3355 would invalidate the setup and shift focus to bullish scenarios.
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Gold is currently trading around $3309 with price showing signs of hesitation below key resistance. I am favoring Sell Opportunities from the $3330 resistance Zone, where sellers are likely to step in.
📈Key Resistance: $3330 First Important resistance level to watch. I expect bearish pressure from this area.
📈Major Resistance Zone: $3355 – $3375 : If $3330 breaks, this is the next strong barrier where sellers may regain control.
📉Bearish Targets:
📉Target 1: $3300
📉Target 2: $3280
📉Support Area: $3270 –$3250 – A potential demand zone and profit-taking area.
📊Outlook: As long as price remains below $3330, my bias remains bearish. A clean rejection from this level can confirm downside continuation. However, a breakout above $3355 would invalidate the setup and shift focus to bullish scenarios.
Follow Gold Global Club for more high-quality weekly insights. Drop your thoughts in the comment bullish or bearish?
Thanks ❤
Trade active
#XAUUSD (Gold) Analysis Update – May 2, 20251)Previous Resistance Area: Gold was trading around $3309 on April 30, just below the $3330 resistance zone.
Analysis favored Sell opportunities from this level.
2.)Initial Drop: Price dropped from $3309 to $3267 hitting both Target 1 ($3300) and Target 2 ($3280) successfully.
It then reached the Support Area ($3270 \$3250) as expected.
3) Rebound Move: After touching $3267 price rebounded sharply to $3319 retesting resistance.
4) Major Rejection: Strong rejection occurred from $3319, resulting in a sharp drop all the way to $3202, showing clear seller dominance.
6)Total Pips Calculation:
📉First Drop: $3309 to $3,267 = 420 Pips in Sell
📈Bullish Move: $3267 to $3319 = +530 Pips in buy
📉 Major Rejection Drop: $3319 to our Last Support Target $3250 = +690 Pips
📊 Total Pips Achieved So Far : +1640 Pips in total from Sell and Buy target combined.
6) Current Status: Price is now recovering and trading around $3260 \$3265 , within the support region.
📊Updated Key Levels:
📈First Resistance: $3300
📈Major Resistance Zone $3330 – $3355 – $3375
📉Support Area: $3270 – $3250 (tested)
📉Next Supports if Broken: $3225 _ $3200 \$3180 – $3155
📊Pivot Point: $3280
📊Trend Bias:
📉Bearish Bias: Active below $3280
watch for another test toward $3225 or $3200.
📈Bullish Bias: If price sustains above $3300 potential moveaSzse toward $3330– $3355.
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