Who projected $3232 $3333 $3434 $3535 XAUUSD Spot Gold Price Target in April 2025?
21.04.2025
I had projected XAUUSD Spot Gold Price target as $3333/3366/3399/3434 on 16 April 2025.
Verify here:
1. https://x.com/piyushratnu/status/1912773046135583074
2. https://x.com/piyushratnu/status/1912410356145897941
3. Reddit: Detailed Analysis projected $3366/3399Monday: 21.04.2025: Why XAUUSD price shot up?
Spot Gold traded as high as $3,430.36 on Monday, rallying on continued US Dollar (USD) weakness. Market players keep losing confidence in the Greenback amid United States (US) President Donald Trump’s decisions.
After launching a trade war with all its trading counterparts, Trump has chosen a new target: Federal Reserve (Fed) Chairman Jerome Powell. The US President complained last Thursday about Powell’s decision to go slow with rate cuts. Even further, he called for his dismissal, saying Powell’s “termination cannot come fast enough.”
Trump lifted the bets on Monday, posting “Preemptive cuts in interest rates are being called for by many. With energy costs way down, food prices (including Biden’s egg disaster!) substantially lower, and most other ‘things’ trending down, there is virtually no inflation,” calling Powell Mr. Too Late and a major loser.
Other than that, the American President reported progress on talks with Russia and Ukraine. According to his words, there is a good chance a deal will be done this week. His latest words, however, fell short of impressing investors, with all the major US indexes in sell-off mode.
Trading Performance: 21.04.2025: VERIFY
Selling zones: Selling above $3408 gave us neat exit.
VERIFY HERE.
$3408-3430-3408 achieved.All SHORT Positions closed.
🔴The US-China trade war witnessed a significant escalation over the weekend after a Boeing jet intended for use by a Chinese airline landed back at the plane maker’s US production hub due to China’s retaliatory move.
🔹Greenback remains vulnerable also as the US Federal Reserve’s (Fed) independence is threatened. “White House Economic Adviser Kevin Hassett said Friday that Trump and his team were studying if they could fire Federal Reserve Chair Jerome Powell, a sign that such a move, a matter of great consequence for the central bank’s independence and global markets, is still an option,” per Reuters.
🔴A broadly softer US Dollar and increased haven demand continue to bode well for the traditional safe-haven Gold price. In the day ahead, Gold price could be subject to intense volatility as trading conditions remain thin on account of Easter Monday.|
💬It’s a relatively light week, in terms of US economic data, and hence, Gold price will remain at the mercy of Trump’s trade talks, risk sentiment and Fedspeak until the release of the S&P Global US flash PMI readings.
🟢XAUUSD – Spot Gold QR:
Observed Today:
USDJPY 1000 P (-)
XAUUSD $30 + expected
Since 17 April 2025:
USDJPY 143.000-140.100
RT 141.900-142.700
RT 140-500-141.500
4000 PIPS Approx (-)
Expected impact on XAUUSD:
$120/150+
XAUUSD: 17.04.2025:
$3270+ 150= $3420
CMP $3475
DXY –
US10YT+
USDJPY-
XAUXAG 106.50
Additional factors pushing GOLD+
Next Targets: subject to co-relations
(+) $3505/3535/3565/3585
(-) $3408/3385/3366/3333
🟢As projected yesterday:
VERIFY here: https://t.me/c/1654158888/15788
XAUUSD | W1 Format | R3 achieved
R4 $3509
R5 $3572
Alternate scenario:
R2 $3408
R1 $3345
22.04.2025 KEY Updates
🟢Gold price keeps its record run intact above $3,450 early Tuesday after posting a 3% gain on Monday.
🟢Trump’s attacks on Fed’s Powell and fears over the US’s financial stability continue to power Gold price rally.
🔻Gold price could see a brief pullback
Gold price extends its record run into the second consecutive day on Tuesday as buyers increase buying positions with their sights on the $3,500 threshold. 🟢CMP $3495
Just as the US-China trade war-led US recession fears weren’t enough to sap investors’ confidence, US President Donald Trump doubled down on his criticism of Federal Reserve (Fed) Chairman Jerome Powell since last Friday, negatively impacting the already beleaguered US Dollar (USD), lifting the traditional safe-haven and the USD-denominated Gold price.
⚡️Despite the latest uptick in the US Dollar, this narrative remains a constant threat while rendering positive for the go-to safety bet – the Gold price:
Fed whisperer and Wall Street Journal’s (WSJ) Nick Timiraos said, “Trump is signalling that he will blame the Federal Reserve for any economic weakness resulting from his trade war if the central bank doesn’t cut interest rates soon. “In the process, he might also be seeking to delegitimize the historically independent institution in a way that could undermine its effectiveness,” Nick added.
🔴🔻A Pullback on the cards:
Looking ahead, Gold price could see a brief correction as traders will likely cash in on their longs, positioning for the notable US earnings on the docket this week, including Magnificent Seven members Tesla and Alphabet, and a host of high-profile industrials such as Boeing etc.
However, any dip in Gold price could be seen as a good buying opportunity as the US-China trade war escalation and worries over the Fed’s independence will continue to haunt markets.
🔻XAUUSD Spot Gold
Crucial Price Zones:
🟢🔻SZ $3535/3565/3595/3636
🔹🔺BZ $3434/3414/3385/3369
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