Gold Price Forecast and Preidiction by The Best Gold CFD Broker
Trade gold CFD with the most updated Gold price trend predicted by Pepperstone, the best gold trading platform. Read our most-recent gold price prediction, open a gold trading account and start trading with $0 commission. Go long or short and speculate on gold with up to 1:500 leverage, no need to worry about physical delivery, ownership, or rollovers.
Gold Rebounds Sharply as Trade Tensions Reignite Safe-Haven Demand
Gold (XAUUSD) experienced a notable pullback from record highs, with a decline of nearly 6.6% at one point. Support emerged near $2,950, aligning with a previous high and the 38.2% Fibonacci retracement level of the December to April uptrend. Despite volatility, prices recovered above $3,000 again. A break above the 20-day moving average may signal continued upward momentum, while $2,950 remains an important support level.
The recent gold (XAUUSD) drop can be attributed to profit-taking and forced liquidations as investors navigated the volatility. However, with escalating trade tensions and renewed safe-haven buying, gold’s (XAUUSD) broader upward trend remains intact. The factors like tariff uncertainty, rising inflation risks, and the potential for rate cuts are driving market dynamics, positioning gold (XAUUSD) as a strong asset for diversification. Looking ahead, key developments in U.S.-China trade talks and the upcoming CPI report will be critical in determining gold’s (XAUUSD) next move.
Why Trade Gold CFD with Pepperstone
Take your strategy to the next level with Pepperstone, one of the world's largest CFD broker who truly understands what traders need.
Razor sharp pricing from multiple Tier 1 Banks, with competitive spreads from as low as 0.1 points on Gold and no commissions.
A multitude of trading platforms with advanced order entry capabilities and powerful charting.
Get all your commodity trades filled in full with no partial execution or requotes.
99.62% fill rate^ and low latency, fast execution.
Award-winning customer support, available 24hours 5 days per week, and 18hours on weekends**.
All our Gold CFD are spot markets with leverage, no expiry and no rollovers.
Open A Gold CFD Trading Account
Minimum 0.01 lots trading size
Maximum 100 lots trading size
We offer 1:500 leverage
No minimum account opening balance
Base currencies available: AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD and HKD
Scalping allowed
Expert advisors allowed on all Pepperstone account types
Hedging allowed
News trading available
No dealing desk execution
Disclaimer : The above article reflects market analysis and should not be considered financial advice; past performance is not indicative of future results, and market conditions are subject to change.
Source : Episode of As Good As Gold (recorded on Apr.9th). This video was recorded based on market conditions as of April 9. Investors should be mindful of any subsequent market developments.