GOLD Goes "Buy The Dip", Following 200-hour SMA Major Support

4月23日

Gold prices have experienced significant volatility over the last days, with conflicting reports on the current trend. According to some sources, gold prices have increased, with spot gold reaching $3,500 per troy ounce, new all the history high on Tuesday, April 22, 2025.

The $3,500 milestone has sparked increased interest from investors and market analysts, meaning that Gold spot doubled in price over the past 5 years, 3rd time in history ever.

Despite the short-term volatility, gold has shown a strong performance since the beginning of 2025, with an increase of approximately 30-35% year-to-date. Market analysts remain bullish on gold, with some forecasting prices to reach $ 4'000 per ounce in the near term.

The main 1-hour Gold spot XAUUSD graph indicates on 200-hours SMA technical support, with further upside opportunity due to forming on the chart descending triangle (flat bottom/ descending top) breakthrow.

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💖 Your Beloved PandorraResearch Team

4月24日

交易進行

April 24, 2025

👉 Gold is rebounding from 5-Day Low on "Dip buying" following technical indicators such as the 200-hour SMA, despite some recent hopes for a US-China trade deal.

👉 Gold, traditionally seen as a hedge against global instability, hit a record high of $3,500 on Tuesday but fell below $3,300 on Wednesday.

👉 "The volatility we've seen this week is driven by technicals and underlying risks. But fundamentals are strong, so dip buying is actually a function of investors acting on the bigger picture," financial analysts said.