Gold Market Outlook 04 April 2025

Gold Market Outlook 04 April 2025

Gold bars on a red background with a bar graph, representing the AI trading market and the gold trading news.

Article by: ETO Markets

Gold prices have been struggling to maintain momentum after a late rebound from the $3,054 level, as fresh selling pressure emerged during the Asian session. This pullback comes amid a broader risk-off sentiment driven by growing concerns that President Trump’s imposition of reciprocal tariffs could slow global economic growth and potentially trigger a US recession. Despite these bearish elements, safe-haven demand for gold has cushioned further declines, supported by expectations that the Federal Reserve might soon restart its rate-cutting cycle in response to a tariffs-induced economic slowdown. This anticipated policy shift has kept the US Dollar near a multi-month low, further underpinning gold's appeal. Additionally, traders have been cautious ahead of the crucial US Nonfarm Payrolls report, with other economic data—such as a decline in the ISM Services PMI and a slight drop in new unemployment claims—adding to the market uncertainty. Overall, while gold faces some selling pressure and repositioning trades, the combination of safe-haven demand and supportive economic fundamentals is likely to prevent a significant corrective slide from its recent highs. 

From a technical perspective, gold appears to have a key support level near the $…–… horizontal zone—coinciding with the 100-period SMA—which is critical for short-term traders. A sustained break below this level could trigger further technical selling, pushing prices down toward the $… psychological level. Conversely, on the upside, the $…–… resistance zone serves as an immediate hurdle, followed by resistance at approximately $… and the all-time peak around $…. Overcoming these resistance levels could spur bullish sentiment and extend the recent four-month uptrend in gold prices. 

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Disclaimer

ETO Markets Limited is registered in Seychelles with Company Number 850672-1 and authorised by the Financial Services Authority (FSA), Licence Number SD062; ETO Markets LLC is registered in Saint Vincent and the Grenadines with Company Number 3286LLC2023.


The information provided on this website is general in nature only and does not constitute personal financial advice. Please note that investing in CFDs and Margin FX Contracts carries significant risks and is not suitable for all investors. You don’t own, or have, any interest in the underlying assets. Any information or general financial product advice given is generic in nature and does not take into account your financial situation, needs or personal objectives. Past performance is not a reliable indicator of future performance. Investing in leveraged products carries significant risks. We recommend that you seek independent advice and ensure that you fully understand the risks involved before trading. It is important that you read and consider our disclosure documents
(Privacy Policy & Risk Disclosure) before you acquire any product.

2024 ETO Markets | All rights reserved

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Disclaimer

ETO Markets Limited is registered in Seychelles with Company Number 850672-1 and authorised by the Financial Services Authority (FSA), Licence Number SD062; ETO Markets LLC is registered in Saint Vincent and the Grenadines with Company Number 3286LLC2023.


The information provided on this website is general in nature only and does not constitute personal financial advice. Please note that investing in CFDs and Margin FX Contracts carries significant risks and is not suitable for all investors. You don’t own, or have, any interest in the underlying assets. Any information or general financial product advice given is generic in nature and does not take into account your financial situation, needs or personal objectives. Past performance is not a reliable indicator of future performance. Investing in leveraged products carries significant risks. We recommend that you seek independent advice and ensure that you fully understand the risks involved before trading. It is important that you read and consider our disclosure documents
(Privacy Policy & Risk Disclosure) before you acquire any product.

2024 ETO Markets | All rights reserved

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