Gold Technical Analysis – 14th April 2025

On April 14, 2025, gold prices experienced a modest pullback after touching an all-time high of $3,245.42. Currently, spot gold is trading near $3,230 per ounce, reflecting a slight consolidation phase. This minor correction comes amid reduced safe-haven demand after the U.S. government temporarily exempted some Chinese imports from tariffs, slightly easing geopolitical tensions.

Despite this dip, the technical outlook for gold remains firmly bullish. All major moving averages — from the short-term MA5 to the long-term MA200 — continue to signal a strong “Buy,” indicating sustained momentum in the uptrend. The Relative Strength Index (RSI) is currently at 57, which suggests that gold is neither overbought nor oversold. Meanwhile, the MACD remains positive, reinforcing bullish sentiment.

Notably, the Stochastic RSI is in the oversold territory at 21.5, signaling a potential price rebound in the near term. The Average Directional Index (ADX) stands at 21.16, showing that the trend has moderate strength.

In terms of key levels, immediate support is seen around $3,170, followed by stronger levels at $3,048 and $2,955. On the upside, resistance is expected near the recent peak of $3,245. If gold breaks above this, further upside targets include $3,300 and $3,380 based on Fibonacci projections and historical price action.

Fundamentally, gold remains well-supported by a mix of macroeconomic factors. Central banks continue to accumulate gold reserves, inflationary pressures persist, and demand from ETFs is rising. Additionally, ongoing geopolitical risks and concerns over global economic stability add to the bullish case for gold.

Analysts, including those at Goldman Sachs, maintain a highly positive outlook, with revised year-end targets now aiming for $3,700 per ounce. Investors and traders should monitor macroeconomic news and technical breakouts closely to navigate the next move in gold effectively.