You are here: Home > articles > Commodities > Forex > Trading Signals for GOLD (XAU/USD) for April 25-27, 2024: buy above $2,324 (21 SMA – 5/8 Murray)
Trading Signals for GOLD (XAU/USD) for April 25-27, 2024: buy above $2,324 (21 SMA – 5/8 Murray)
April 25, 2024 5:22 pmVideo
Latest News
- Trading Signals for EUR/USD for April 25-27, 2024: buy above 1.0684 (21 SMA – 3/8 Murray) April 25, 2024
- Trading Signals for GOLD (XAU/USD) for April 25-27, 2024: buy above $2,324 (21 SMA – 5/8 Murray) April 25, 2024
- Analysis of GBP/USD on April 25th. The dollar suffered a local defeat to win the war April 25, 2024
- USD/JPY: Simple trading tips for novice traders on April 25th (US session) April 25, 2024
- GBP/USD: Simple trading tips for novice traders on April 25th (US session) April 25, 2024
- EUR/USD: Simple trading tips for novice traders on April 25th (US session) April 25, 2024
- GBP/USD: trading plan for the US session on April 25th (analysis of morning deals). The pound continued its recovery April 25, 2024
- EUR/USD: trading plan for the US session on April 25th (analysis of morning deals). The dollar is ready for GDP data April 25, 2024
- Euro turns to GDP and inflation data for a lifeline – Preview April 25, 2024
- Technical Analysis – BTCUSD retreats after unsuccessful test of 50-SMA April 25, 2024
- Technical Analysis – NZDUSD advances after bounce off 5-month low April 25, 2024
- Midweek Technical Look – GBPUSD, EURJPY, Gold April 25, 2024
- Amazon earnings set for AI-driven cloud and ads boost – Stock Markets April 25, 2024
- EUR/USD. April 25th. Bulls continue to advance and expect a weak US GDP report April 25, 2024
- GBP/USD. April 25th. Bulls take advantage of weak US statistics April 25, 2024
- Overview of the GBP/USD pair on April 25, 2024 April 25, 2024
- Overview of the EUR/USD pair on April 25th. The dollar may start to get cheaper at the end of the year, after the arrival April 25, 2024
- Technical Analysis – EURUSD creates bullish channel in near term April 25, 2024
- Forex forecast 04/25/2024: EUR/USD, USDX, Gold and Bitcoin from Sebastian Seliga April 25, 2024
- Market Comment – Yen tumbles to fresh lows, dollar awaits GDP April 25, 2024
Gold is trading around 2,333, above the 21 SMA, and above 5/8 Murray with a bullish bias. In the H4 chart, we can see that gold made a recovery above 5/8 Murray, reached the top of the bullish channel, and is now falling.
We hope that Gold can continue its rise and reach 2,345 in the next few hours. If a break occurs above this area, we could look for opportunities to buy with a target at 2,375 (6/8 Murray). The metal could finally cover the gap left at 2,391.
In case gold makes a technical correction and reaches the support of 2,312 (5/8 Murray), this will be seen as an opportunity to resume buying and the price could hit the target of 2,375.
The eagle indicator is showing a positive signal, so any pullback will be seen as an opportunity to buy provided that gold trades above 2,312.
On the contrary, if gold consolidates below 5/8 Murray and breaks the bullish trend channel, the current trend could change and we could expect a bearish acceleration. Therefore, the instrument could fall towards the 200 EMA located at 2,270 and finally to 4/8 Murray at 2,250.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: