Gold Price Forecast: Tariff Tensions Push XAU/USD Toward Breakout

Date: April 9, 2025

Source: FXEmpire

Overview

Gold prices continued their bullish trend as market volatility surged amid rising tariff tensions. The spot gold price (XAU/USD) is now eyeing a key breakout above the $3062.20 level as safe-haven demand intensifies.

What’s Driving the Rally?

• Fears over renewed US-China tariff escalation
• Investors shifting capital to safe-haven assets like gold
• Weakening US dollar supporting gold buying momentum

Key Resistance and Breakout Zone

Technical analysts are watching the $3062.20 level as a potential breakout point. A decisive move above this could push gold toward the $3,100–$3,120 range in the short term.

Short-Term Outlook

• Support: $3,005
• Resistance: $3,062.20
• Next Bull Target: $3,100–$3,120 zone
• Sentiment: Bullish (safe-haven demand + macro tensions)

Conclusion

As global markets brace for trade uncertainty, gold continues to shine as a hedge against volatility. A breakout above the $3,062 level could accelerate bullish momentum in the days ahead.