April 22, 2025 – DailyForex.pk
Gold prices (XAU/USD) continued their historic climb on Monday, printing a new record high above $3,380 during the Asian session. The metal now trades within striking distance of the psychological $3,400 level, driven by growing concerns over US tariff escalation, Federal Reserve independence, and a weakening US dollar.
Despite a brief pullback ahead of the Easter weekend, bullish momentum returned strongly, supported by elevated safe-haven flows and fresh political risk.
At the time of writing, XAU/USD trades around $3,383.83, with the 14-day Relative Strength Index (RSI) hovering at 75.50, signaling an overbought market. Still, gold buyers show no signs of retreat.
Key Levels to Watch:
Despite stretched technicals, gold remains well-supported, and any dips are likely to be viewed as buying opportunities unless the $3,284 level breaks decisively.
Gold’s explosive rally is fueled by a combination of risk-off catalysts:
While the week kicks off with light US economic data, gold traders will stay focused on:
With thin liquidity due to Easter Monday holidays in global markets, volatility could spike, making gold’s movement sensitive to even minor headlines.
As XAU/USD edges closer to $3,400, investors continue piling into gold amid deepening geopolitical risks, tariff-related concerns, and questions around Fed leadership. While technically overbought, gold remains fundamentally supported, and bullish sentiment prevails.
📊 For real-time gold price forecasts, technical updates, and market-moving news, visit www.dailyforex.pk — your premier source for global trading insights.
Explore how Bitcoin’s long- and short-term cost basis helps identify market tops, bottoms, and investor…
The Japanese Yen remains stable amid mixed economic indicators, while USD/JPY shows signs of downside…
Divergences can hint at market shifts but aren’t standalone trade signals. Learn how to apply…
EUR/USD remains firm around 1.1700 as worries over Fed independence weigh on the US dollar,…
Bitcoin bounces back as Ethereum network activity increases, while Pi Network faces mounting pressure amid…
Gold and silver prices hold steady as markets await the upcoming US PCE inflation data…