My Weekly Recap (Apr 7 – Apr 11, 2025)
This week was explosive for gold. I watched XAUUSD surge past key levels and close out one of the strongest bullish weeks I’ve seen recently. We cleared the $3,200 level with authority and tapped into a new all-time high around $3,245 before closing the week near $3,235. Daily candles were huge – $40–$50 swings weren’t unusual.
The main catalyst was the ongoing U.S.-China tariff escalation. I saw risk sentiment shift heavily, and the market turned defensive, pouring into gold. On top of that, inflation data came in soft mid-week, which added fuel to the rally. The dollar fell hard, giving gold even more room to run.
I marked major zones throughout the week: $3,150–$3,200 flipped from resistance to strong support, and $3,245 is now my key short-term resistance to watch.
My Outlook for Apr 14 – 18, 2025
I’m approaching next week with a bullish bias, but with some caution. The uptrend is intact, but gold has moved fast and may need to cool off a bit. I’ll be watching the $3,200 level closely. If we hold above it early in the week, I’ll look for long entries targeting $3,280, $3,300, and possibly $3,320 if momentum stays hot.
If we get a pullback, I’m planning to look for buys between $3,180–$3,150. That zone acted as a breakout base and should attract buyers. If we lose $3,150, I’ll reevaluate – deeper support lies around $3,100 and $3,000.
Here’s how I’ll mark my chart:
- **Support Zones:**
- $3,150–$3,200 (green box)
- $3,100 (minor support)
- $3,000 (major psychological support)
- **Resistance Levels:**
XAUUSD 
- $3,245 (current high – red line)
- $3,280 (extension target)
- $3,300–$3,320 (next psychological/fib zone)
- **Trendline:**
- I’m drawing a rising trendline from the March lows through early April higher lows – it’s still valid and supporting the move
My strategy is to buy dips as long as we stay above $3,150. If price breaks above $3,245 with strong momentum, I’ll look for breakout entries too. I’ll keep stop-losses tight given the speed of the move, and I might trail stops aggressively if we test $3,300. If momentum fades and we fall below $3,100, I’ll wait for signs of reversal before jumping back in.
It’s a shortened trading week due to Good Friday, so I’m also preparing for potential volatility in thinner conditions. I’ll be selective and keep my risk managed. Overall, I’m still bullish – gold looks like it has more room to run if the macro drivers don’t change. Let’s see what next week brings!
This week was explosive for gold. I watched XAUUSD surge past key levels and close out one of the strongest bullish weeks I’ve seen recently. We cleared the $3,200 level with authority and tapped into a new all-time high around $3,245 before closing the week near $3,235. Daily candles were huge – $40–$50 swings weren’t unusual.
The main catalyst was the ongoing U.S.-China tariff escalation. I saw risk sentiment shift heavily, and the market turned defensive, pouring into gold. On top of that, inflation data came in soft mid-week, which added fuel to the rally. The dollar fell hard, giving gold even more room to run.
I marked major zones throughout the week: $3,150–$3,200 flipped from resistance to strong support, and $3,245 is now my key short-term resistance to watch.
My Outlook for Apr 14 – 18, 2025
I’m approaching next week with a bullish bias, but with some caution. The uptrend is intact, but gold has moved fast and may need to cool off a bit. I’ll be watching the $3,200 level closely. If we hold above it early in the week, I’ll look for long entries targeting $3,280, $3,300, and possibly $3,320 if momentum stays hot.
If we get a pullback, I’m planning to look for buys between $3,180–$3,150. That zone acted as a breakout base and should attract buyers. If we lose $3,150, I’ll reevaluate – deeper support lies around $3,100 and $3,000.
Here’s how I’ll mark my chart:
- **Support Zones:**
- $3,150–$3,200 (green box)
- $3,100 (minor support)
- $3,000 (major psychological support)
- **Resistance Levels:**
XAUUSD - $3,280 (extension target)
- $3,300–$3,320 (next psychological/fib zone)
- **Trendline:**
- I’m drawing a rising trendline from the March lows through early April higher lows – it’s still valid and supporting the move
My strategy is to buy dips as long as we stay above $3,150. If price breaks above $3,245 with strong momentum, I’ll look for breakout entries too. I’ll keep stop-losses tight given the speed of the move, and I might trail stops aggressively if we test $3,300. If momentum fades and we fall below $3,100, I’ll wait for signs of reversal before jumping back in.
It’s a shortened trading week due to Good Friday, so I’m also preparing for potential volatility in thinner conditions. I’ll be selective and keep my risk managed. Overall, I’m still bullish – gold looks like it has more room to run if the macro drivers don’t change. Let’s see what next week brings!
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.
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.