Gold Weekly Analysis Apr 28 - May 2 2025
Last week was a wild week for precious metals traders and global markets as Trump's trade war continued to dominate price movements.
This week, a survey by Kitco.com showed that the majority of Wall Street was pessimistic about gold while Main Street maintained a bullish stance on gold prices.
According to the Trendline Indicator, the 4-hour time frame gold is in a consolidation phase with a bullish bias.
Transaction Advice
Important Data This Week
Disclaimer: The information above is informative and always remember and understand risk management if there is a reversal, also pay attention to the technical indicators that are running and the Fundamental News that will be released
Last week was a wild week for precious metals traders and global markets as Trump's trade war continued to dominate price movements.
This week, a survey by Kitco.com showed that the majority of Wall Street was pessimistic about gold while Main Street maintained a bullish stance on gold prices.
According to the Trendline Indicator, the 4-hour time frame gold is in a consolidation phase with a bullish bias.
Transaction Advice
- If the price falls and is stuck above 3259, wait for a valid Buy signal to appear because the market has the potential to rise again to test Resistance 3370, if it breaks through, you can open a buy position again because the market will continue to rise to test the previous ATH in the 3500 area.
- However, on the other hand BEWARE if the price is confirmed to close below support 3259, it opens a golden opportunity to continue to fall to test support 3200
Important Data This Week
- JOLTS Job Openings (4/29)
- ADP Non-Farm Employment Change (4/30)
- Advance GDP q/q (4/30)
- Employment Cost Index q/q (4/30)
- Core PCE Price Index m/m (4/30)
- Unemployment Claimes (1/5)
- ISM Manufacturing PMI (1/5)
- Average Hourly Earnings m/m (2/5)
- Non-Farm Employment Change (2/5)
- Unemployment Rate (2/5)
Disclaimer: The information above is informative and always remember and understand risk management if there is a reversal, also pay attention to the technical indicators that are running and the Fundamental News that will be released
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.
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.