Slobodan Drvenica
Windsor Brokers
XAU/USD
Gold eases from new all-time high ($3057) on Thursday, as strongly overbought daily studies prompted partial profit taking, while stronger dollar also pressured metal’s price.
Gold price advanced strongly after a recent consolidation and broke the $3000 milestone, lifted by increased safe haven demand.
Growing concerns about the magnitude of negative impact from trade war, including weakening global economy and likely rise of inflation, escalating geopolitical tensions and more hawkish than expected Fed continue to fuel gold’s bullish stance.
Gold was up around 16% in 2025 and held a steep uptrend in the first three months this year, with limited corrections seen as positioning for continuation of larger uptrend as most of key factors that directly influence gold’s performance, are expected to remain favorable for the yellow metal.
Broken $3000 level now acts as solid support which should ideally contain, with extended dips to find firm ground above rising 10DMA ($2974) to keep larger bulls intact and offer better opportunities to re-enter bullish market.
Res: 3057; 3079; 3100; 3108.
Sup: 3018; 3000; 2974; 2956.
Interested in XAU/USD technicals? Check out the key level
The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.
Recommended Content
Editors’ Picks
EUR/USD drops below 1.1400 after Germany and EU PMI data
EUR/USD struggles to hold its ground and trades below 1.1400 in the European session on Wednesday. PMI data from Germany and the Eurozone showed that the business activity in the service sector contracted in April. Markets await comments from central bankers and US PMI data.
GBP/USD stays weak near 1.3300 after disappointing UK data
GBP/USD stays under bearish pressure near 1.3300 in the European session on Wednesday. Pound Sterling struggles to find demand following the weaker-than-forecast April PMI data from the UK. BoE Governor Bailey will speak later in the day and the US economic calendar will feature PMI reports.
Gold price takes it on the chin after Trump softens tone on trade and Fed
Gold price is undergoing some profit-taking and sees selling pressure on Wednesday towards $3,300 at the time of writing. The profit taking picked up on comments from United States President Donald Trump, who did a 180-degree turn on his stance on China and the Federal Reserve (Fed). After the closing bell, Tesla’s (TSLA) Chief Executive Officer Elon Musk said he will reduce his role at the Department of Government Efficiency.
Dogecoin lead double-digit gains across meme coins, with Shiba Inu, PEPE and BONK skyrocketing to new monthly highs
Top meme coins Dogecoin, Shiba Inu, PEPE and BONK lead the meme coin sector with double-digit gains on Wednesday following the crypto market recovery.
Five fundamentals for the week: Traders confront the trade war, important surveys, key Fed speech Premium
Will the US strike a trade deal with Japan? That would be positive progress. However, recent developments are not that positive, and there's only one certainty: headlines will dominate markets. Fresh US economic data is also of interest.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.