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World’s Fastest Growing Brokerage

Daily Technical Breakdown: Gold Reaches a New High Above $3,350

Thursday April 17 2025 08:11
Gold Reaches a New High Above $3,350

Following Fed Chairman Jerome Powell’s speech yesterday, gold continues to reach new highs. The price of a gold ounce broke $3,350.

The price of a gold ounce broke $3,350

As the Euro nears crucial level of 1.1500, eyes today on the ECB rate decision. It’s expected that the Eurpean Central Bank will lower the interest rate by 25 basis points in today’s meeting. Alon with the overbought signal on RSI, the decision might push EURUSD pair lower.

the decision might push EURUSD pair lower

Dow Jones fell again below the 40,000 level yesterday after Powell warns that tariffs might make it more difficult for the Fed to maintain inflation under control while ensuring stable employment numbers.

it more difficult for the Fed to maintain inflation under control while ensuring stable employment numbers
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