Weekly Analysis List
XAU/USD Weekly Analysis
4/14/25
Market Overview
As of April 14,2025, Gold (XAU/USD) continues its impressive rally, reaching new all-time highs amid escalating global trade tensions and a weakening U.S. dollar. As of April 14, 2025, the precious metal is trading around $3,230, marking a 6% increase over the past week and a 23% gain year-to-date.
Technical Overview
Current Price: Approximately $3,230
Resistance Levels:
• $3,254: 1.414 Fibonacci extension level
• $3,297: Next potential upside target
• $3,380: Projected target based on measured move technique
Support Levels:
• $3,214: Immediate support
• $3,170: Early April's former high
• $3,048: March peak
• $2,955: Early April trough
• $2,858: Late-February pullback low
Gold has broken out of an ascending channel after a brief retracement to the 50-day moving average, indicating continued bullish momentum. However, a bearish divergence between price and the Relative Strength Index (RSI) suggests a potential slowdown in buying momentum.
Fundamental Factors
U.S. Dollar Weakness: The dollar has fallen below the 100.00 mark as markets anticipate potential Federal Reserve rate cuts, enhancing gold's appeal as a safe-haven asset.
Trade Tensions: Ongoing uncertainty over U.S. tariffs, particularly in the technology sector, has increased demand for gold amid concerns about global economic stability.
Upcoming Economic Data: Investors are closely watching U.S. retail sales data and comments from Fed Chair Jerome Powell, which could influence interest rate expectations and gold's trajectory.
Conclusion
Weekly Outlook
*Bullish Scenario*: A sustained move above $3,254 could open the path toward $3,297 and potentially $3,380, especially if supported by continued dollar weakness and dovish Fed signals.
*Bearish Scenario*: Failure to maintain levels above $3,214 may lead to a retest of support zones at $3,170 or $3,048. A break below these levels could signal a deeper correction.