Categories: Technical analysis

Gold Wave Analysis – 4 April 2025

Gold: ⬇️ Sell

– Gold broke daily up channel

– Likely to fall to support level 3000.00

Gold recently reversed down from the resistance level 3150.00 (which formed the daily Bearish Engulfing) and broke the sharp daily up channel from February.

The breakout of this up channel added to the bearish pressure on Gold – accelerating the active downward correction to the higher-order impulse wave (3) from November.

Gold can be expected to fall to the next round support level 3000.00 (which stopped the previous short-term correction iv).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: gold

Recent Posts

Apple Wave Analysis – 9 April 2025

Apple: ⬆️ Buy - Apple reversed from the support zone - Likely to rise to…

11 hours ago

EURGBP Wave Analysis – 9 April 2025

EURGBP: ⬆️ Buy - EURGBP broke the resistance zone - Likely to rise to resistance…

11 hours ago

Dollar pressured as markets are betting on a dovish Fed

The selling pressure on the US dollar is due to the sell-off in equities and…

12 hours ago

The crypto market has returned to this week’s lows

Crypto market cap fell 2% to $2.46 trillion in 24 hours, retesting the $2.40 trillion…

15 hours ago

Video: Bitcoin in Crisis. Will Crypto Bounce Back or Crash?

Bitcoin’s struggle continues, and the market’s rebound might not last. But what’s really driving the…

19 hours ago

GBPCHF Wave Analysis – 8 April 2025

GBPCHF: ⬇️ Sell - GBPCHF broke the support zone - Likely to fall to support…

1 day ago

This website uses cookies