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‌Technical Analysis: Spot Gold May Fall to $3220

2025-04-28 2644

Analysts point out that the forecast analysis of this wave indicates a broad target zone of 3127to3127to3220. formed by the 100% and 61.8% levels.

A weaker c-wave may end near 3220.whileastrongerc−wavecouldextendto3220.whileastrongerc−wavecouldextendto3127. The resistance level is near 3313.andabreakthroughofthisresistancelevelmayleadtoanincreaseto3313.andabreakthroughofthisresistancelevelmayleadtoanincreaseto3370.

On the daily chart, the five-wave large cycle starting from 2583hasbeencompleted.Thewaveguidanceindicatesthatgoldpricesmayretracetothefourthwavezonebetween2583hasbeencompleted.Thewaveguidanceindicatesthatgoldpricesmayretracetothefourthwavezonebetween2956 and $3168 within the next one to two weeks.

Since the market fell from its high of $3500 on April 22. only a small positive candlestick has formed. This combination of candlestick patterns symbolizes intense bearish sentiment.

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Asian Markets Track Wall Street Higher

The US dollar is experiencing a "calm before the storm"! Several heavy-hitting data releases are coming this week, and global markets are holding their breath in anticipation.

The high volatility of the Australian dollar hides deeper meanings! Two major events are set to ignite this week, with expectations of five interest rate cuts looming.

The euro soared by 10%! European businesses suffered a "double blow"

The underlying trade war between the US and Japan escalates! Doubts over currency manipulation resurface, and could the Bank of Japan become the "scapegoat"?

‌Technical Analysis: Spot Gold May Fall to $3220

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‌Technical Analysis: Spot Gold May Fall to $3220

Sensex

Asian Markets Track Wall Street Higher

The US dollar is experiencing a "calm before the storm"! Several heavy-hitting data releases are coming this week, and global markets are holding their breath in anticipation.

The high volatility of the Australian dollar hides deeper meanings! Two major events are set to ignite this week, with expectations of five interest rate cuts looming.

The euro soared by 10%! European businesses suffered a "double blow"

The underlying trade war between the US and Japan escalates! Doubts over currency manipulation resurface, and could the Bank of Japan become the "scapegoat"?

‌Technical Analysis: Spot Gold May Fall to $3220

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USD/JPY： Near 144.03, under pressure and falling back, you can try short-term short selling with a target of 142.27 and a stop loss set at 144.30

Gold trading strategy: 3290-93 short, stop loss 3302, target 3272-60.

For gold:Buy at 3270-3265, with a stop loss at 3256. The target is 3290-3310;Sell at 3335-3340, with a stop loss at 3344. The target is 3300-3280;

Long position on spot gold at 3272, with a stop loss of 7 points. After a breakout, take a long position at 66-58, with individual stop losses of 7 points each, or a unified stop loss of 50. The profit-taking targets are at 86, 98, and 12. Continue to reduce holdings if these levels are broken.

Taking a long position on US crude oil today at 62.9, with a stop loss at 62.4. The profit-taking targets are at 63.2, 64, and 65.2. If these levels are broken, further targets are at 65.6 and 66.

Attempting a long position on EUR/USD at 1.12950, with a stop loss at 1.12750. The profit-taking targets are near 1.13650, 1.13850, 1.14100, and 1.14350. Upon reaching these levels, prepare to exit the long position and enter a short position.

Short position on silver today at 33.55, with a stop loss at 33.7. The targets for profit-taking are at 32.75, 32.5, and 32.25. Upon reaching these levels, prepare to exit the short position and enter a long position.

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‌Technical Analysis: Spot Gold May Fall to $3220

Sensex

Asian Markets Track Wall Street Higher

The US dollar is experiencing a "calm before the storm"! Several heavy-hitting data releases are coming this week, and global markets are holding their breath in anticipation.

The high volatility of the Australian dollar hides deeper meanings! Two major events are set to ignite this week, with expectations of five interest rate cuts looming.

The euro soared by 10%! European businesses suffered a "double blow"

The underlying trade war between the US and Japan escalates! Doubts over currency manipulation resurface, and could the Bank of Japan become the "scapegoat"?

‌Technical Analysis: Spot Gold May Fall to $3220

Sensex

Please sign in

Trader

USD/JPY： Near 144.03, under pressure and falling back, you can try short-term short selling with a target of 142.27 and a stop loss set at 144.30

Gold trading strategy: 3290-93 short, stop loss 3302, target 3272-60.

For gold:Buy at 3270-3265, with a stop loss at 3256. The target is 3290-3310;Sell at 3335-3340, with a stop loss at 3344. The target is 3300-3280;

Long position on spot gold at 3272, with a stop loss of 7 points. After a breakout, take a long position at 66-58, with individual stop losses of 7 points each, or a unified stop loss of 50. The profit-taking targets are at 86, 98, and 12. Continue to reduce holdings if these levels are broken.

Taking a long position on US crude oil today at 62.9, with a stop loss at 62.4. The profit-taking targets are at 63.2, 64, and 65.2. If these levels are broken, further targets are at 65.6 and 66.

Attempting a long position on EUR/USD at 1.12950, with a stop loss at 1.12750. The profit-taking targets are near 1.13650, 1.13850, 1.14100, and 1.14350. Upon reaching these levels, prepare to exit the long position and enter a short position.

Short position on silver today at 33.55, with a stop loss at 33.7. The targets for profit-taking are at 32.75, 32.5, and 32.25. Upon reaching these levels, prepare to exit the short position and enter a long position.

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