This article will discuss the upcoming forecasts for gold and assess key buying and selling levels.
Key Economic Events of This Week
Several significant U.S. economic reports are scheduled for release this week, all of which may significantly impact gold prices. Anticipated developments include Flash PMI data on April 24 and weekly US unemployment claims on April 25. Flash PMI data will provide insights into the state of manufacturing and services, with weak indicators boosting demand for gold as a safe-haven asset.
Gold HTF Overview
Since the start of the bullish rally in early 2025, gold has continued its upward momentum. A minor retracement occurred last week, but prices rapidly recovered and closed at $3327. Currently, gold is trading at $3390, targeting a psychological level of $3400.
Gold Forecast for April 22nd to 25th
The primary buying level for gold is the 4-hour breaker block identified at $3266-$3228. Traders should look for signs of strength at this level. If further declines occur, the next strong point of interest will be at $3166-3121.
Gold continues its bullish trend, and the upcoming week may present new opportunities for traders. Investors should monitor support zones and upcoming economic data to make informed decisions.
