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Apr 24, 2025
Gold dips as markets await key economic data
Gold slips below $3,500 as markets await key data
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Gold prices analysis - Thursday, April 24, 2025 Gold prices today, Thursday, April 24, 2025, witnessed a corrective decline, as it decreased to about 3,333 dollars an ounce, after failing to penetrate the resistance of $ 3,500. This decline comes in light of the anticipation of the markets for influential economic data that may determine the directions of the market in the coming period. The effective factors: Technical correction: After gold failed to exceed 3,500 dollars, the market has witnessed sales to earn profits, which led to a decline in prices towards support levels. Economic data anticipation: Investors are awaiting important economic data that may affect inflation and monetary policy expectations, which will be reflected in gold prices. |
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Technical levels:
- Support: 3,300 - 3,280 dollars per ounce
- Resistance: 3,360 - 3,500 dollars per ounce
Expectations: If gold maintains its cohesion above the support level of $ 3,300, it may witness a bounce towards resistance at $ 3,360. In the event that the support is broken, it may go to lower levels between 3,280 and 3,250 dollars.