{"id":17761,"date":"2025-04-29T10:31:25","date_gmt":"2025-04-29T10:31:25","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=17761"},"modified":"2025-04-29T10:31:25","modified_gmt":"2025-04-29T10:31:25","slug":"forex-market-analysis-29-april-2025","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/de-eu\/analysis\/forex-market-analysis-29-april-2025\/","title":{"rendered":"Forex market analysis: 29 April 2025"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/www.vtmarkets.com\/de-eu\/wp-content\/uploads\/sites\/17\/2026\/04\/44-2-1024x536.png\" alt=\"\" class=\"wp-image-17764\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>Gold prices are under pressure as global investors shift focus away from safe-haven assets, responding to signs of easing geopolitical risks and improved trade prospects. With fresh optimism in the air and a stronger US dollar offering an alternative refuge, market sentiment is tilting towards risk-taking, prompting a short-term pullback in gold demand.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><strong>Gold price dips as safe-haven demand softens<\/strong><\/h2>\n\n\n\n<p>Gold prices edged lower on Monday as appetite for safe-haven assets declined following a shift in global trade sentiment.<\/p>\n\n\n\n<p>Spot gold (XAU\/USD) fell by approximately 0.5%, settling near USD 3,320 after reaching an intraday high of USD 3,348.56.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Gold edged lower ahead of key economic data this week that could offer some insights into the impacts of Trump\u2019s trade war <a href=\"https:\/\/t.co\/7zMngF94dp\">https:\/\/t.co\/7zMngF94dp<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1917017442779357418?ref_src=twsrc%5Etfw\">April 29, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>The decline follows fresh optimism surrounding United States trade talks\u2014not with China, but with 17 other international partners.<\/p>\n\n\n\n<p>Analysts at ING suggest that China\u2019s absence from the negotiation table may temporarily reduce market tensions and increase risk appetite, drawing capital away from traditionally defensive assets such as gold.<\/p>\n\n\n\n<p>Adding to the pressure, the strengthening US dollar has made gold more expensive for overseas investors, further curbing demand.<\/p>\n\n\n\n<p>As the dollar gains favour as a competing safe-haven, gold&#8217;s appeal may continue to wane in the near term.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><strong>Technical analysis: Short-term bias remains bearish for XAU\/USD<\/strong><\/h2>\n\n\n\n<p>Gold is currently under renewed downside pressure, with XAU\/USD slipping from a recent peak of 3,353.06 to around 3,320.40.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/de-eu\/wp-content\/uploads\/sites\/17\/2026\/04\/image-48-1024x442-1.jpg\" alt=\"\" class=\"wp-image-17762\" \/><figcaption class=\"wp-element-caption\">Gold extends losses below short-term averages as downside pressure lingers, as seen on the <a href=\"https:\/\/apps.apple.com\/au\/app\/vt-markets-online-trading\/id1372647263?mt=8\" target=\"_blank\" rel=\"noopener\" title=\"VT Markets app\">VT Markets app<\/a>.<\/figcaption><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>Short-term moving averages (5, 10, 30) are trending lower, forming a bearish crossover that suggests sellers maintain control.<\/p>\n\n\n\n<p>Momentum indicators such as the MACD show a widening negative histogram, though recent bars indicate that the selling momentum may be slowing.<\/p>\n\n\n\n<p>If the support zone near 3,305.20 holds, a temporary rebound is possible. However, failure to defend this level could open the door to a further pullback toward the 3,280\u20133,265 range.<\/p>\n\n\n\n<p>While the immediate trend remains bearish, the 15-minute chart suggests that gold may be entering slightly oversold conditions, hinting at a potential pause in the sell-off.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><strong>Outlook: Long-term fundamentals still support gold<\/strong><\/h2>\n\n\n\n<p>Despite the recent decline, gold prices remain over 25% higher year-to-date, buoyed by persistent macroeconomic uncertainty and unpredictable shifts in US policy.<\/p>\n\n\n\n<p>ING notes that continued inflows into gold-backed ETFs and rising central bank gold reserves underpin strong long-term demand.<\/p>\n\n\n\n<p>Extended concerns over US-China trade relations and broader economic fragility are expected to reinforce gold\u2019s role as a long-term hedge against volatility.<\/p>\n\n\n\n<p>While short-term weakness may persist, the broader uptrend in gold remains intact.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Click <a href=\"https:\/\/www.vtmarkets.net\/trade-now\/?utm_campaign=account_c&amp;utm_source=dma&amp;utm_medium=website\" target=\"_blank\" rel=\"noopener\" title=\"here\">here<\/a> to open account and start trading.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices are under pressure as global investors shift focus away from safe-haven assets, responding to signs of easing geopolitical risks and improved trade prospects. With fresh optimism in the air and a stronger US dollar offering an alternative refuge, market sentiment is tilting towards risk-taking, prompting a short-term pullback in gold demand. Gold price <a href=\"https:\/\/www.vtmarkets.com\/de-eu\/analysis\/forex-market-analysis-29-april-2025\/\" class=\"read-more\">Continue Reading<\/a><\/p>\n","protected":false},"author":102,"featured_media":17764,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[28],"tags":[],"class_list":["post-17761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/de-eu\/wp-json\/wp\/v2\/posts\/17761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/de-eu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/de-eu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/de-eu\/wp-json\/wp\/v2\/users\/102"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/de-eu\/wp-json\/wp\/v2\/comments?post=17761"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/de-eu\/wp-json\/wp\/v2\/posts\/17761\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/de-eu\/wp-json\/wp\/v2\/media\/17764"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/de-eu\/wp-json\/wp\/v2\/media?parent=17761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/de-eu\/wp-json\/wp\/v2\/categories?post=17761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/de-eu\/wp-json\/wp\/v2\/tags?post=17761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}