15.04.202512:18 Forex-elemzések és áttekintések: XAU/USD. Analysis and Forecast

Today, gold is rising, trading near the all-time high reached the previous day, amid growing uncertainty surrounding the US-China trade wars.

Gold is gaining ground today, remaining close to its record high reached earlier, as mounting uncertainty related to trade conflicts between the United States and China drives investors toward safe-haven assets. In times of economic instability, gold is traditionally seen as a safe store of value, which helps support its price.

Amid the current environment, expectations of a Federal Reserve rate cut in 2025 are also contributing to gold's strength. Lower interest rates reduce the opportunity cost of holding gold, making it more attractive to investors. However, some optimism caused by the temporary postponement of tariffs could limit further upside in gold prices, as this reduces pressure on the US dollar and dampens safe-haven demand.

From a technical standpoint, the $3200 level is a critical threshold. A stable hold below this level suggests the bullish trend remains intact. However, with the Relative Strength Index (RSI) nearing overbought territory, a short-term consolidation or correction may be required before further gains. Continued upward movement is likely to encounter strong resistance at the all-time high near the $3245 level.

Should gold prices fall below $3200, it could open up buying opportunities, with the $3169 level providing a reliable support zone. A break below this support would expose the price to further declines toward intermediate support at $3138, and possibly down to $3115 and $3100.