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Friday's quadruple witching provides traders and funds with a window of opportunity to profit from precious metals. There will be a lot of trading, which means that market participants are less risky and the expiration of futures contracts is unlikely to lead to selling. At the end of this Friday, the question is how many gold contract holders will renew at the current high price.
xauusd technical analysis, intraday support at $3045 is the first resistance level to recover, followed by the new historical high of $3057 reached on Thursday. The next target is the R1 resistance level of $3066, just below the round mark of $3070. If this round mark is broken, the R2 resistance level is at $3074. On the downside, the S1 support level is at $3027, which is currently in play during the European trading session, and some buyers are seen entering the market below this level. If more selling pressure appears, pay attention to the S2 support level at $3011 and the $2997 mark to avoid a sharp correction.
Gold prices (XAU/USD) are falling, seeing a second day of profit-taking, while weekly performance remains positive. Quadruple witching is an event in financial markets where four different futures and options expire on the same day and investors need to decide whether to sell and buy back their positions or just sell. The downward move is not surprising considering the occurrence of quadruple witching. Meanwhile, on the geopolitical front, tensions remain in Gaza and Turkey. Later in the day, the market will focus on comments from US President Donald Trump on tariffs, as the announced reciprocal tariffs will take effect on April 2 and may shake up the market.
Accurate trading signals are released in real time every day. You can follow the Shell Bitcoin Gold Trading Center or leave a message.
XAUUSD XAUUSD GOLD XAUUSD XAUUSD
Friday's quadruple witching provides traders and funds with a window of opportunity to profit from precious metals. There will be a lot of trading, which means that market participants are less risky and the expiration of futures contracts is unlikely to lead to selling. At the end of this Friday, the question is how many gold contract holders will renew at the current high price.
xauusd technical analysis, intraday support at $3045 is the first resistance level to recover, followed by the new historical high of $3057 reached on Thursday. The next target is the R1 resistance level of $3066, just below the round mark of $3070. If this round mark is broken, the R2 resistance level is at $3074. On the downside, the S1 support level is at $3027, which is currently in play during the European trading session, and some buyers are seen entering the market below this level. If more selling pressure appears, pay attention to the S2 support level at $3011 and the $2997 mark to avoid a sharp correction.
Gold prices (XAU/USD) are falling, seeing a second day of profit-taking, while weekly performance remains positive. Quadruple witching is an event in financial markets where four different futures and options expire on the same day and investors need to decide whether to sell and buy back their positions or just sell. The downward move is not surprising considering the occurrence of quadruple witching. Meanwhile, on the geopolitical front, tensions remain in Gaza and Turkey. Later in the day, the market will focus on comments from US President Donald Trump on tariffs, as the announced reciprocal tariffs will take effect on April 2 and may shake up the market.
Accurate trading signals are released in real time every day. You can follow the Shell Bitcoin Gold Trading Center or leave a message.
XAUUSD XAUUSD GOLD XAUUSD XAUUSD Note
xauusd technical analysis, intraday support at $3045 is the first resistance level to recover, followed by the new historical high of $3057 reached on Thursday. The next target is the R1 resistance level of $3066, just below the round mark of $3070. If this round mark is broken, the R2 resistance level is at $3074. On the downside, the S1 support level is at $3027, which is currently in play during the European trading session, and some buyers are seen entering the market below this level. If more selling pressure appears, pay attention to the S2 support level at $3011 and the $2997 mark to avoid a sharp correction.The analysis expectations were accurately consistent. Did you gain anything from it?
Note
The above article analysis mentioned that gold fell to around 2997, which is consistent with expectations. Traders who have read it carefully will gain a lot from it. Every time Baker shares content, it is the key to the market. After watching it, remember to pay more attention to avoid missing the better opportunity next time.Note
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✔Copy accurate trading signals✔Manage accounts🎁Stable profit of more than 188.6% per week🎁Success rate is as high as 97.85%, real-time communication: @cryptoanalyst_baker Signal entry: t.me/FcCygjylf
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.