Forex & Gold Trade Setups – April 9, 2025 | Risk-Off Moves After China Tariffs

Market Overview

Markets are reacting sharply this morning after President Trump’s announcement of 104% tariffs on Chinese imports.

Global sentiment has turned decisively risk-off. Treasury yields are plunging, equity markets are in the red, and safe-haven demand is driving key moves in FX and commodities.

The Japanese yen is firming, gold is breaking higher, and energy markets are under pressure. Below are four clean 4H trade setups that align with the current narrative — based on momentum, structure, and volatility conditions.

4H Chart Trade Setups

USD/JPY

Bias: Bearish

Entry: 145.40

Stop Loss: 146.10

Take Profit: 144.00

Commentary: The pair is rolling over after rejecting the mid-Bollinger band. A clear pattern of lower highs is in place, and RSI remains subdued. Rising yen demand during risk-off flows supports this short.

EUR/USD

Bias: Bullish

Entry: 1.1040

Stop Loss: 1.0990

Take Profit: 1.1120

Commentary: Strong bullish continuation setup. Price has pulled back and is now breaking out again, with Bollinger bands widening and RSI confirming the move. Dollar weakness underpins the technicals.

WTI Crude Oil

Bias: Bearish

Entry: 57.80

Stop Loss: 59.30

Take Profit: 55.00

Commentary: Oil is trending lower and respecting the lower Bollinger band. With global demand concerns rising due to tariffs, there's no technical or fundamental support for a bounce here.

XAU/USD (Gold)

Bias: Bullish

Entry: 3,010

Stop Loss: 2,985

Take Profit: 3,065

Commentary: Gold remains firm above the psychological $3,000 level. The RSI is recovering, and with volatility climbing, safe haven flows are providing further lift. This setup is attractive especially on raw spreads.

Why These Setups Might Be Outdated When You See Them

Markets move fast—especially during headline-driven volatility. These setups reflect the technical picture at the time of posting, but conditions can change quickly. That’s why we also teach traders how to identify, validate, and manage trades independently. If you're ready to build that skillset, we're here to help.

Timing is everything in trading. We publish fresh intraday and swing setups ahead of the London and New York sessions each day—so you’re always prepared when it counts.

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Trading Forex and CFDs involves significant risk and may not be suitable for all investors. The content provided here is for educational and informational purposes only and does not constitute financial advice or a solicitation to buy or sell any financial instruments. Past performance is not indicative of future results. Always do your own research and consult with a licensed financial advisor before making any trading decisions. Never risk more than you can afford to lose.