24.04.202509:38 Forex Analysis & Reviews: GOLD. Gold Prices May Significantly Decline in the Near Future

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Gold prices have recently seen a notable correction amid market expectations of the start of real negotiations between the U.S. and China on tariffs and overall trade. Treasury Secretary S. Bessent's statement, noting that the current tariff war between Beijing and Washington is unproductive, suggests that negotiations are already taking place behind the scenes and that an agreement may be reached in the near future.

From a technical perspective, the price of the "yellow metal" has shown a local reversal downward, and a likely stream of positive, calming news for the markets may reduce demand for safe-haven assets—gold being a primary example.

Technical outlook and trading idea:

The price is below the midline of the Bollinger Bands, above the 5-day SMA, but below the 14-day SMA.
RSI is below the 50% mark.
Stochastics are still rising for now.

I believe that the price of gold may fall to 3243.55 after breaking below 3320.60. The entry point can be considered at the 3307.55 level.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.