Gold prices (XAU/USD) are trading near record highs on April 24, 2025, as investors remain cautiously optimistic ahead of tomorrow’s crucial US GDP release.
With the Federal Reserve expected to maintain its dovish stance and demand for safe-haven assets staying firm, gold continues to attract buyers in a climate of geopolitical tension and economic uncertainty.
As technical indicators show signs of consolidation, traders are watching closely to see if XAU/USD can break above the $3,335 resistance and push toward the next bullish target at $3,375.
In this daily forecast, we explore key levels, trend direction, and what to expect from gold prices today.
Gold Price Overview: April 24, 2025
The precious metal enters Thursday with a strong technical foundation, holding near historic highs.
- Current Bias: Bullish
- Previous Close: $3,327
- Key Resistance Levels: $3,335, $3,350, $3,375
- Key Support Levels: $3,245, $3,205, $3,165
- Today’s Expected Range: $3,245 – $3,375
- Short-Term Trend: Consolidation with bullish bias
- Crucial Catalyst: Anticipation of US Q1 GDP data due April 25
Price Action Preview for April 24
Gold prices are likely to remain range-bound early in the day, with breakout potential emerging later in the session.
A push above $3,335 could pave the way for fresh highs, while a dip below $3,245 may see the market test lower supports ahead of US GDP.
Intraday Technical Confluence: Key Zones
Traders are closely watching these levels as they act as turning points for price action throughout the day.
| Level | Type | Significance |
|---|---|---|
| $3,335 | Daily Resistance | Breakout trigger for upside push |
| $3,245 | 4H Support | Critical level to maintain the trend |
| $3,205 | Daily Support | Medium-term trend-defining support |
| $3,165 | Psychological Level | Minor pullback area |
XAU/USD Trend Snapshot (April 24, 2025)
Gold’s trend across all major timeframes continues to favour buyers, backed by solid technical structure.
| Timeframe | Trend Direction | Technical Insight |
|---|---|---|
| 1-Hour | Slightly Bullish | Minor consolidation near $3,335; RSI hovering near 70 |
| 4-Hour | Bullish | Pullbacks well-supported above $3,245 |
| Daily | Strong Bullish | Structure of higher highs intact; bullish breakout pattern |
Outlook for April 24: Scenarios & Targets
Here’s what traders can expect from today’s session, based on technical and macro cues.
Base Case: Bullish Intraday Breakout
Gold could rally toward $3,375 if momentum picks up following a breakout above key resistance.
- Expected Move: $3,327 → $3,375
- Catalysts:
- Breakout above $3,335 with volume confirmation
- Continued dollar weakness
- Pre-GDP safe-haven flows
Alternative Scenario: Mild Pullback Before GDP
A short-term dip may occur if investors start trimming positions ahead of Friday’s data.
- Possible Dip: Down to $3,245 or $3,205
- Catalysts:
- Risk-off sentiment easing temporarily
- Dollar strength rebounds on data speculation
- Profit-taking ahead of Friday’s macro events
Market Drivers to Watch
Thursday may be relatively quiet, but expectations are building for a major market move on Friday.
| Date | Region | Event | Forecast | Previous |
|---|---|---|---|---|
| April 24 | Eurozone | Consumer Confidence | -14.5 | -14.5 |
| April 25 | US | Advance GDP (Q1) | 2.0% QoQ | 3.2% QoQ |
| April 25 | US | Durable Goods Orders | Volatile | N/A |
| April 26 | US | Univ. of Michigan Consumer Sentiment | N/A | Final |
Outlook Summary for April 24
Gold is set to continue its bullish path unless sellers regain control at key support levels.
The focus remains on whether price can sustain above $3,335 and build toward $3,375, or if risk events prompt a pullback to $3,245 or lower.
Intraday Outlook Table
| Outlook Type | Direction | Target Area |
|---|---|---|
| Today (April 24) | Bullish Bias | $3,335 → $3,375 |
| Support Risk | Mild Bearish | $3,245 → $3,205 |
| High Volatility Event | Neutral/Bullish | US GDP tomorrow to decide breakout potential |
Traders should stay nimble as gold navigates a tight range before a likely breakout driven by Friday’s economic data.
Frequently Asked Questions (FAQs)
1. What is the gold price prediction for April 24, 2025?
As per the latest gold price prediction for April 24, 2025, XAU/USD is expected to trade between $3,245 and $3,375, with a potential breakout toward $3,405 if momentum builds.
2. What are the key support and resistance levels for XAU/USD today?
Key resistance is seen at $3,335 and $3,375, while immediate support lies at $3,245 and $3,205, making these levels critical for today’s XAU/USD forecast.
3. How will the US GDP report affect gold prices?
The advance US Q1 GDP data due on April 25 could impact gold by influencing the dollar. A weaker print may boost gold, while a stronger number could trigger a short-term pullback.
4. Is gold expected to go up or down today?
Gold is currently in a bullish trend, but a minor intraday pullback is possible. Overall, the outlook suggests gold may rise toward $3,375 if $3,335 is breached.
5. What is the gold market outlook for April 2025?
The gold market outlook for April 2025 remains bullish due to global economic uncertainty, strong central bank demand, and a dovish Federal Reserve stance.
6. Should I buy gold today or wait?
If gold holds above $3,245, it could offer a buying opportunity for short-term traders targeting $3,375. However, risk remains tied to upcoming US macro data.
7. What’s the best gold trading strategy for today?
A breakout strategy above $3,335 or a bounce-buy near $3,245 could be ideal, depending on your risk appetite and short-term trading goals.
8. What does technical analysis say about gold today?
Technical indicators on the 4H and daily charts suggest a continuation of the bullish trend, with consolidation forming a potential base for further gains.
9. Is XAU/USD overbought on intraday charts?
Yes, the RSI on 1-hour charts is hovering near 70, signalling slight overbought conditions, which could lead to a temporary consolidation or pullback.
10. How does live gold price prediction compare to the weekly outlook?
The live gold price prediction for April 24 aligns with the weekly bullish bias, but short-term volatility may arise due to trader positioning ahead of the US GDP report.
