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Wednesday, April 30, 2025

Trading Signals for GOLD (XAU/USD) for April 30, 2025: buy above $3,270 (21 SMA - 6/8 Murray)

April 30, 2025 0 comments

Trading Signals for GOLD (XAU/USD) for April 30, 2025: buy above $3,270 (21 SMA - 6/8 Murray)

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Early in the American session, gold is trading around 3,384, above key support and rebounding after reaching 3,267. Gold is expected to regain strength if it consolidates above 3,381 (6/8 Murray) in the coming hours. We can then expect it to reach 3,305. Even if this resistance zone is broken, we could expect it to reach 8/8 Murray at 3,437 in the short term.

On the other hand, if the bearish force prevails, gold could fall toward the 200 EMA located at 3,168.

For this, we should wait for confirmation and a break below 3,260. If gold continues to rise, the primary resistance is located at 3,205.

This level could serve as a profit-taking opportunity, but we must be cautious, as if bearish pressure prevails, it could resume its bearish cycle.

The eagle indicator has reached the oversold zone, so we will look for opportunities to buy above the key support at 3.270.

The material has been provided by - RobotFX

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