Gold Retreats as Risk-on Mood But Uncertainty Lingers
EN

Download App

  • Market Insights  >  Trade Of The Day

23 April 2025,02:23

Trade Of The Day

Gold Pulls Back as Risk Appetite Returns, But Uncertainty Lingers

23 April 2025, 02:23

Share on:
FacebookLinkedInTwitterShare

Fundamental Analysis:

Gold prices retreated from record highs as investor sentiment shifted toward riskier assets, triggering profit-taking. The earlier rally, driven by geopolitical uncertainty and global trade tensions, saw a pause as flows rotated back into equities. However, several unresolved issues — such as U.S.-China trade negotiations and potential pressure on the Fed to cut rates — may renew support for gold in the near term.

Technical Breakout:  

Gold is trading flat, currently testing a key support zone. MACD shows weakening bearish momentum, while RSI at 37 suggests limited downside and potential for a short-term rebound. If bullish momentum persists, prices may retest the 3375.00 resistance. Failure to gain traction, however, could see a pullback toward the 3320.00 level.

Potential Risks: Persistent U.S.-China trade tensions remain a major source of market volatility.

Monitoring: Investors are advised to continue monitoring trade development between US and the world to gauge the likelihood movement for the asset classes.

Resistance levels: 3375.00, 3420.00
Support levels: 3320.00, 3285.00

Open Your Free Demo Account And Start Trading Risk-Free

Join Now

Step into the world of trading with confidence today. Open a free PU Prime live CFD trading account now to experience real-time market action, or refine your strategies risk-free with our demo account.

Disclaimer

This content is for educational and informational purposes only and should not be considered investment advice, a personal recommendation, or an offer to buy or sell any financial instruments.

This material has been prepared without considering any individual investment objectives, financial situations. Any references to past performance of a financial instrument, index, or investment product are not indicative of future results.

PU Prime makes no representation as to the accuracy or completeness of this content and accepts no liability for any loss or damage arising from reliance on the information provided. Trading involves risk, and you should carefully consider your investment objectives and risk tolerance before making any trading decisions. Never invest more than you can afford to lose.

Start trading with an edge today

Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.

  • Start trading with deposits as low as $50 on our standard accounts.
  • Get access to 24/7 support.
  • Access hundreds of instruments, free educational tools, and some of the best promotions around.
Join Now

Latest Posts

Fast And Easy Account Opening

Create account
  • 1

    Register

    Sign up for a PU Prime Live Account with our hassle-free process.

  • 2

    Fund

    Effortlessly fund your account with a wide range of channels and accepted currencies.

  • 3

    Start Trading

    Access hundreds of instruments under market-leading trading conditions.

Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.

Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.

By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.

Thank You for Your Acknowledgement!

Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.

Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.

Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.

Thank You for Your Acknowledgement!