The international 
XAUUSD has jumped above 3,100 USD for the first time in this trading day, as concerns about US President Donald Trump's tariff policy and its possible economic consequences, along with geopolitical uncertainties, have prompted a new round of safe-haven investment.
As of press time, spotXAUUSD was up 0.86% at $3,111/oz, having earlier hit an all-time high of $3,111.55, surpassing the all-time high set last Friday.
Trump signed a proclamation last week imposing a 25% tariff on imported cars, and markets are bracing for so-called “reciprocal tariffs” that the White House is expected to announce on Wednesday.
Gold has hit a record high and is up more than 18% this year, cementing its status as a hedge against economic and geopolitical uncertainty.
Earlier this month, gold prices broke through the psychological $3,000 mark for the first time, a milestone that reflects growing market concerns about economic uncertainty, geopolitical tensions and inflation that will continue to drive gold higher.
Since taking office, Trump has pushed through a series of new tariffs to protect U.S. industry and reduce the trade deficit, including a 25% tariff on imported cars and parts and an additional 10% tariff on all imports from China. He plans to announce a new round of reciprocal tariffs on April 2.
In addition to trade tensions, strong central bank demand for gold and inflows into exchange-traded funds (ETFs) will continue to support the incredible rally in gold prices this year.
In short, until there is a resolution to this back-and-forth tariff war, the tariff issue will continue to push prices higher in the near term.
![GOLD MARKET ANALYSIS AND COMMENTARY - [March 31 - April 04]](https://s3.tradingview.com/i/iDbUEnw5_mid.png)
Technical Outlook AnalysisXAUUSD
On the daily chart, gold has achieved a key bullish target at the confluence of the 0.50% Fibonacci extension with the upper edge of the price channel. Once gold breaks this level (3,113 USD), it will be eligible for further upside with the next target around 3,139 USD in the short term, which is the price point of the 0.618% Fibonacci extension.
In the meantime, the steep RSI remains active in the 80-100 area but shows no signs of weakening or correction, so in terms of momentum, the bullish momentum remains very strong.
As long as gold remains within the channel, it has a medium-term bullish outlook, otherwise the channel will become a short-term bullish trend channel.
During the day, the bullish outlook for gold will be highlighted by the following technical levels.
Support: 3,086 – 3,057 – 3,113 USD
Resistance: 3,139 USD
SELL XAUUSD PRICE 3140 - 3138⚡️
↠↠ Stoploss 3144
→Take Profit 1 3132
↨
→Take Profit 2 3126
BUY XAUUSD PRICE 3085 - 3087⚡️
↠↠ Stoploss 3081
→Take Profit 1 3093
↨
→Take Profit 2 3099
XAUUSD has jumped above 3,100 USD for the first time in this trading day, as concerns about US President Donald Trump's tariff policy and its possible economic consequences, along with geopolitical uncertainties, have prompted a new round of safe-haven investment.As of press time, spot
XAUUSD was up 0.86% at $3,111/oz, having earlier hit an all-time high of $3,111.55, surpassing the all-time high set last Friday. Trump signed a proclamation last week imposing a 25% tariff on imported cars, and markets are bracing for so-called “reciprocal tariffs” that the White House is expected to announce on Wednesday.
Gold has hit a record high and is up more than 18% this year, cementing its status as a hedge against economic and geopolitical uncertainty.
Earlier this month, gold prices broke through the psychological $3,000 mark for the first time, a milestone that reflects growing market concerns about economic uncertainty, geopolitical tensions and inflation that will continue to drive gold higher.
Since taking office, Trump has pushed through a series of new tariffs to protect U.S. industry and reduce the trade deficit, including a 25% tariff on imported cars and parts and an additional 10% tariff on all imports from China. He plans to announce a new round of reciprocal tariffs on April 2.
In addition to trade tensions, strong central bank demand for gold and inflows into exchange-traded funds (ETFs) will continue to support the incredible rally in gold prices this year.
In short, until there is a resolution to this back-and-forth tariff war, the tariff issue will continue to push prices higher in the near term.
Technical Outlook Analysis
XAUUSD On the daily chart, gold has achieved a key bullish target at the confluence of the 0.50% Fibonacci extension with the upper edge of the price channel. Once gold breaks this level (3,113 USD), it will be eligible for further upside with the next target around 3,139 USD in the short term, which is the price point of the 0.618% Fibonacci extension.
In the meantime, the steep RSI remains active in the 80-100 area but shows no signs of weakening or correction, so in terms of momentum, the bullish momentum remains very strong.
As long as gold remains within the channel, it has a medium-term bullish outlook, otherwise the channel will become a short-term bullish trend channel.
During the day, the bullish outlook for gold will be highlighted by the following technical levels.
Support: 3,086 – 3,057 – 3,113 USD
Resistance: 3,139 USD
SELL XAUUSD PRICE 3140 - 3138⚡️
↠↠ Stoploss 3144
→Take Profit 1 3132
↨
→Take Profit 2 3126
BUY XAUUSD PRICE 3085 - 3087⚡️
↠↠ Stoploss 3081
→Take Profit 1 3093
↨
→Take Profit 2 3099
Note
🚨 Gold prices continued to attract safe-haven flows for the third consecutive day due to rising trade tensions.Trade closed: target reached
Plan SELL +50pips🔽🔽🔽Note
Note
Gold prices fluctuate around $3,135/ozNote
▫️ Dollar Index DXY briefly fell 10 pips at 104.23; SPOT GOLD briefly weakened $10 at $3,126.45 per ounce.Note
⚫Gold is becoming an attractive asset amid concerns about tariffs and political turmoil, but the risk of a "bubble" in prices and a sudden drop is present.
🔰| Forex trading
🧩Get an average of 1200 pips per month
🧩Consulting on Risk Management
🧩Account management
🧩Forex signals have a high win rate
🚨🚨🚨FREE SIGNALS: t.me/+8q3AxDD9CsRjYzI1
🧩Get an average of 1200 pips per month
🧩Consulting on Risk Management
🧩Account management
🧩Forex signals have a high win rate
🚨🚨🚨FREE SIGNALS: t.me/+8q3AxDD9CsRjYzI1
Related publications
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.
🔰| Forex trading
🧩Get an average of 1200 pips per month
🧩Consulting on Risk Management
🧩Account management
🧩Forex signals have a high win rate
🚨🚨🚨FREE SIGNALS: t.me/+8q3AxDD9CsRjYzI1
🧩Get an average of 1200 pips per month
🧩Consulting on Risk Management
🧩Account management
🧩Forex signals have a high win rate
🚨🚨🚨FREE SIGNALS: t.me/+8q3AxDD9CsRjYzI1
Related publications
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.