MCX Gold Price Analysis Prediction forecast 
Gold Analysis covers:
For 25 April 2025
What should be winning strategy for gold trading tomorrow?
Analysis by Paresh Gordhandas
Trading Strategy for April 25, 2025
- Technical Levels CMP Rs. 95746
- Resistance:
R1 Rs. 96539
R2 Rs. 97030
R3 Rs. 98617 - Support:
S1 Rs. 94953
S2 Rs. 94462
S3 Rs. 92875
Risk Considerations
- Market Volatility: High volatility may lead to swift price movements; ensure stop losses are in place.
- Geopolitical Developments: New geopolitical events can rapidly alter market dynamics.
- Economic Data Releases: Upcoming economic reports could impact gold prices; stay informed.
Summary
Given the current market conditions, a bullish trading strategy for gold is recommended. Focus on long positions with appropriate risk management. Monitor technical levels closely and stay updated on fundamental factors influencing the market.
Note: This strategy is based on current market analysis and is subject to change with new information
Gold soars to record on dollar weakness, trade tears; Oil slides on Iran nuclear talk progress
(Analysis by Kaynat Chainwala, AVP Commodity Research, Kotak Securities)
Gold sees moderate rebound amid lingering concerns over US-China trade conflict; Oil sees modest gains trade war remains in focus
Comex gold future rebound to trade above $3,340 per ounce on Thursday, buoyed by investor buying after the previous session’s sharp decline. The Ongoing U.S.-China trade tensions and increasing recessionary risks are bolstering gold’s safe-haven appeal, supported by consistent central bank demand. Treasury Secretary Bessent said Wednesday that steep tariffs between the US and China will need to be reduced before trade talks can advance, though he emphasized that Trump will not unilaterally cut tariffs on Chinese goods. The IMF recently downgraded U.S. and global growth forecasts, citing tariff policies. However, U.S. Treasury Secretary anticipates U.S. growth to exceed the revised 1.8% if a US policies are implemented, adding that current high tariffs are unsustainable for future trade negotiations.
WTI crude oil saw a slight rebound above $62.4 per barrel as the market assessed potential OPEC+ supply increases and US-China trade dynamics. A weaker dollar provided some support. Reuters reported that several OPEC+ members may push for another significant output hike in June amid escalating quota compliance disputes, notably with Kazakhstan. The upcoming May 5th OPEC+ meeting will be crucial in determining June’s output strategy. Analysts suggest that continued non- compliance could lead to a faster unwinding of production cuts. Earlier oil price declines stemmed from concerns that US tariffs and retaliatory measures would dampen economic activity and, consequently, energy demand, despite some signals of easing US-China tensions.
Base metals extended gains on Thursday, with copper rising 0.26% to $9,407/ton, supported by hopes of easing U.S-China trade tensions and potential U.S. tariff cuts.
Market sentiment was buoyed by President Trump’s remarks on reducing tariffs and retaining Fed Chair Jerome Powell. However, gains were capped as optimis faded following cautious comments from Treasury officials and China’s firm stance on negotiations. Supply concerns also persisted due to the shutdown of Peru’s
Antamina mine, while speculation around future copper-related trade measures added to market volatility.
European natural gas prices experienced a dip of 1.5% due to forecasts indicating a significant 20% year-on-year slump in China’s monthly LNG imports.
Simultaneously, Indian buyers are shifting towards cheaper oil products, moving away from expensive LNG. The market is keenly observing global LNG competition, particularly as Europe aims to replenish its depleted winter stockpiles, the lowest since 2022. Anticipation of a hot Asian summer could elevate global prices due to increased demand. Furthermore, traders are monitoring EU discussions on storage targets, with several nations advocating for greater flexibility in reserve replenishment. The European Parliament’s industry committee is scheduled to vote on proposed regulatory amendments later today.
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