XAU/USD currency pair price ended at $3,328.03 on Tuesday, after losing 1.61%

The XAU/USD currency pair price fell by -1.61% on the last day (Tuesday, 22nd Apr 2025) from $3,382.43 to $3,328.03. During the last trading day the currency pair fluctuated 5.55% from a day low at $3,316.09 to a day high of $3,500.10. The price has risen in 8 of the last 10 days and is up by 10.25% over the past 2 weeks.

The currency pair lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $3,389.37 will firstly indicate a stronger rate of rising.Given the current short-term trend, the currency pair is expected to rise 15.35% during the next 3 months and, with a 90% probability hold a price between $3,508.62 and $3,909.60 at the end of this 3-month period.

The XAU/USD currency pair holds buy signals from both short and long-term Moving Averages giving a positive forecast for the currency pair. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $3,287.13 and $3,074.20. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 21, 2025, and so far it has fallen -1.61%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this currency pair may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

On the downside, the currency pair finds support just below today's level from accumulated volume at $3,110.46 and $3,090.31.There is a natural risk involved when a currency pair is testing a support level, since if this is broken, the currency pair then may fall to the next support level. In this case, XAU/USD finds support just below today's level at $3,110.46. If this is broken, then the next support from accumulated volume will be at $3,090.31 and $3,037.41.

In general the currency pair tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the currency pair During the last day, the currency pair moved $184.02 between high and low, or 5.55%. For the last week the currency pair has had daily average volatility of 2.30%

XAU/USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.