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Trade tensions escalate, GOLD receives support to break $3,200As trade tensions escalated, market risk sentiment suddenly spiked, with spot OANDA:XAUUSD surging above $3,200. Data released on Thursday in the United States showed that the consumer price index (CPI) unexpectedly fell in March. Data showed that the US CPI fell 0.1% month-on-month in March, the first decline in nearly five years, compared to expectations of 0.1% and the previous reading of 0.2%. In addition, the US CPI rose 2.4% year-on-year in March, lower than the expected 2.5% and the previous reading of 2.8%; the US core CPI rose 2.8% year-on-year in March, lower than the expected 3% and the previous reading of 3.1%. After the US CPI data was released, traders bet that the Federal Reserve will cut interest rates again in June, potentially totaling 100 basis points of rate cuts by the end of the year. Low interest rates are generally beneficial for gold because the metal does not pay interest. Gold prices continued to rise above $3,200 an ounce in early trading in Asia on Friday, breaking the record set in the previous trading day. Gold prices hit a new high as investors turned to safe-haven assets amid concerns about the impact of tariffs on the global economy, Bloomberg reported on Friday. Gold’s safe-haven status has been hit again this week, Bloomberg reported. US President Trump’s erratic rhetoric on his tariff agenda has sparked a sell-off in stocks, bonds and the US dollar, as concerns about a global recession spread across Wall Street. Even after Trump announced a 90-day pause on tariffs on dozens of trading partners, risks and uncertainties remain, with tariffs on all imports from China now at a rate of at least 145%. The White House clarified to CNBC at noon ET on Thursday that the Trump administration's tariffs on China under the name of reciprocal tariffs are 125%, but this does not include the 20% tariffs that the United States imposed on China twice in early February and early March of this year due to the fentanyl crisis. Therefore, during Trump's second term, the cumulative tariffs that the United States has applied to all Chinese goods exported to the United States have reached 145%. The CNBC report also emphasized that the 145% tariff does not include the US tariffs on China before Trump's second term as US president, including various tariffs imposed on China during Trump's first term and the Biden administration. Given the current market environment, gold is still going to continue to rise strongly. As a wise man at a coffee shop in Vietnam (TLTV) predicted, this war must be 500% to negotiate. If so, we could soon see gold approaching the $3,500 mark. Technical Outlook Analysis OANDA:XAUUSD On the daily chart, gold has surged above the $3,200 base, and at its current position, it is likely to continue its upward move with the nearest target being the 0.786% Fibonacci extension level of $3,223. Whereas, once the $3,223 level is broken, gold will be in a position to continue its upward move with the next target around $3,295 in the short term. On the technical front, the Relative Strength Index (RSI) is sloping upwards without any weakness as it approaches the overbought zone, indicating strong demand in the market and sending a positive signal for the bullish trend. For the day, as long as gold remains above $3,167, it remains bullish in the short term, and any dip in the current scenario that does not take gold below the EMA21 should be viewed as a short-term correction rather than a trend, or as a buying opportunity. The notable positions for the intraday uptrend will be listed again for readers as follows. Support: $3,167 Resistance: $3,223 SELL XAUUSD PRICE 3250 - 3248⚡️ ↠↠ Stoploss 3068 →Take Profit 1 3056 ↨ →Take Profit 2 3050 BUY XAUUSD PRICE 3134 - 3136⚡️ ↠↠ Stoploss 3130 →Take Profit 1 3142 ↨ →Take Profit 2 3148
OANDA:XAUUSDLong
by Xayah_trading
GOLD surges to weekly targets, eyes era levelsSpot gold prices have surged on the back of US President Trump’s tariff announcement. Gold prices rose as much as 3.9% on Wednesday as markets were volatile, before closing up 3.4%. At the time of writing today, Thursday (April 10), gold is up as much as $44, or 1.4%, on the day. Gold prices posted their biggest one-day gain in 18 months on Wednesday as confusion over US President Donald Trump’s tariff agenda prompted investors to buy the precious metal as a safe-haven asset, Bloomberg reported. But after China announced plans to retaliate with 84% tariffs on US products starting Thursday, Trump immediately raised tariffs on China to 125%. The moves raised concerns that the world's two largest economies were heading toward a full-blown trade war. Stock markets rallied after Trump announced the tariff suspension. US stocks had their best day since the financial crisis, with the S&P 500 index rising nearly 10% after falling to the brink of a bear market last week. Bloomberg said the US government's erratic tax plans have shaken the world as investors look for direction and certainty. That has supported gold prices overall, with prices up 18% this year. Expectations of further monetary easing by the Federal Reserve and central bank gold purchases have also boosted prices. Gold has gained more than $400 this year, hitting an all-time record of $3,167.57 an ounce on April 3. Minutes from the Federal Reserve's March meeting showed policymakers almost unanimously warned last month that the U.S. economy faces the risk of rising inflation while economic growth slows. Some policymakers noted that there could be "difficult trade-offs" ahead. According to CME Group's FedWatch tool, traders see a 72% chance that the Fed will cut interest rates in June. Gold itself does not generate interest rates, and will perform well in a low-interest-rate environment. Investors are now looking to the U.S. consumer price index (CPI) due out today (Thursday) for further trading information. Technical outlook analysis OANDA:XAUUSD On the daily chart, gold surged to hit all the weekly upside targets noted and readers in the weekly publication at $3,056 in the short term and then the full price point of $3,100. Looking ahead, gold only has a $3,150 size creature to break to set a new all-time high or more. The relative strength index (RSI) is building, signaling bullish energy in the near term, as long as gold remains in the price channel, the declines should only be limited corrections and not a trend. As we have noted to our readers throughout our articles since Trump returned to the White House, dips can be viewed as buying opportunities. And for the day, the notable positions for the bullish picture on the technical chart of gold will be listed again as follows. Support: 3,103 – 3,100 – 3,056 USD Resistance: 3,150 – 3,167 USD SELL XAUUSD PRICE 3192 - 3190⚡️ ↠↠ Stoploss 3196 →Take Profit 1 3184 ↨ →Take Profit 2 3178 BUY XAUUSD PRICE 3050 - 3052⚡️ ↠↠ Stoploss 3046 →Take Profit 1 3058 ↨ →Take Profit 2 3064
OANDA:XAUUSDLong
by Xayah_trading
2025-04-09 - priceactiontds - daily update - daxGood Evening and I hope you are well. comment: Cleanest breakout retest of the big bull trend line from 2024-08 one could ask for. I highly doubt bulls want to buy this above 21000 tomorrow but these moves are so unlikely that anything can happen. Only rough guesses from me here. I will only look for shorts. current market cycle: trading range more likely than continuation of the bear trend key levels: 19000 - 22000 yeah. no typo. bull case: Bulls wettest dreams came true today but this week the market took those profits away quickly afterwards and right now I have no reason to believe that it’s more likely we will continue higher than down again. Ask yourself, if you are a bull and made 10%+ today, will you bet on making 15 or locking in those sweet profits? Invalidation is below 21000. bear case: Bear trend line is valid until broken and I doubt bears will let that happen. Too much uncertainty and risk for the markets right now. Bears need to quickly trade down below 21000 tomorrow and by then I think bulls will be in give up mode again. We could range some first but currently the markets are moved by tweets from orange face and they move 10%+ up and down. Wildest of times and you just have to take the momentum trades. Above 22000 I am absolutely wrong about this and market is completely neutral again. Best for bears would be to keep it below 21900. Invalidation is above 22000. short term: Neutral. medium-long term from 2024-03-16: Will update this over the weekend. Bear targets are met. I can most likely see this going sideways for months or years now. current swing trade: None trade of the day: Not writing anything about this. You either got lucky having longs when the tweet came or not. Otherwise selling 20000 before US open was a decent trade.
EUREX:FDXS1!
by priceactiontds
Fundamental support remains stable, GOLD is losing some elementsIn the Asian trading session on Tuesday (April 8), spot OANDA:XAUUSD recovered in the short term after a sharp decline in the previous trading day. Gold prices just touched $3,000/ounce, having increased by nearly $20 during the day. Concerns about the escalation of the trade war have increased the risk-off sentiment in the market. US President Donald Trump said on Monday that he will not suspend the policy of "reciprocal tariffs", although many trading partners want to avoid them According to a statement posted on the website of the Chinese Ministry of Commerce on Tuesday, a spokesperson for the Ministry of Commerce made a statement on the US threat to increase tariffs on China. The statement pointed out that China noted that on April 7 Eastern time, the US threatened to impose an additional 50% tariff on China, and China firmly opposes this. If the US escalates the tariff measures, China will resolutely take countermeasures to protect its own rights and interests. The US threat to increase tariffs on China is a mistake that has been compounded, once again exposing the US's blackmailing nature. China will never accept this. If the US insists on pursuing its own way, China will fight to the end. Such statements usually boost the market's risk-off sentiment, contributing to a short-term recovery in gold prices. Gold is a safe investment during times of political and financial uncertainty. Last Thursday, gold hit an all-time high of $3,167.57/oz, driven largely by geopolitical uncertainty and strong central bank buying. And the gold market remains exposed to significant volatility in the short term, with a number of potential fundamental surprises, most of which are likely to support price gains. Technical Outlook Analysis OANDA:XAUUSD On the daily chart, gold is struggling to maintain its price action within the main price channel, however, the recovery momentum is also limited by the $3,000 price level which is currently acting as the nearest resistance. For now, gold is losing important support at the EMA21 and now the EMA21 has become a resistance level. For gold to have the conditions for a bullish possibility, gold needs to bring the price action back above the $3,000 level, then the target is $3,019 and maintain above this level. The relative strength index RSI has some minor reaction at 50, which is considered a momentum support level on the RSI tool. But the signal is not significant. Overall, the expectation for gold is to resume the uptrend but at the time of writing, the conditions are not yet sufficient. Meanwhile, a drop below $2,956 would bring the risk of further declines with the next target around $2,927 in the short term. In the day, the notable technical positions will be listed as follows. Support: $2,956 – $2,954 – $2,927 Resistance: $3,019 SELL XAUUSD PRICE 3064 - 3062⚡️ ↠↠ Stoploss 3068 →Take Profit 1 3056 ↨ →Take Profit 2 3050 BUY XAUUSD PRICE 2932 - 2934⚡️ ↠↠ Stoploss 2928 →Take Profit 1 2930 ↨ →Take Profit 2 2936
OANDA:XAUUSDShort
by Xayah_trading
XAUUSD Analysis: Reversal Forecasts Based on Trading MathDear Trader, Please find attached my analysis of $Subject, which uses mathematical calculations to identify potential reversal times and price levels. The analysis details projected south and north price targets (horizontal lines on the chart), along with estimated time frames for possible reversals (vertical lines on the chart, accurate to within +/- 1-2 candles). Please note that all times indicated on the chart, including the vertical lines representing potential reversal times, are based on the UTC+4 time zone. To increase the probability of these analyses, I recommend monitoring the 5-minute and 15-minute charts for the following key reversal candlestick patterns: Doji’s Hammer/Inverted Hammer Double/Triple Bottom/Top Shooting Star Morning Star Hanging Man For those interested in further developing their trading skills based on these types of analyses, consider exploring the mentoring program offered by Shunya Trade. I welcome your feedback on this analysis, as it will inform and enhance my future work. Regards, Shunya Trade Our Math Analysis as below are Gold Levels:- 3018.720095 - 2991.311155 3032.47144 - 2977.65356 3060.06788 - 2950.43212 3087.78932 - 2923.33568 3115.635761 - 2896.364239 3143.607201 - 2869.517799 3171.703641 - 2842.796359 3199.925081 - 2816.199919 3228.271521 - 2789.728479 3342.907282 - 2685.092718 3459.543042 - 2582.456958 3578.178803 - 2481.821197 3698.814564 - 2383.185436 3821.450324 - 2286.549676 3946.086085 - 2191.913915 4072.721845 - 2099.278155 4201.357606 - 2008.642394 ⚠️ Disclaimer: This post is educational content and does not constitute investment advice, financial advice, or trading recommendations. The views expressed here are based on technical analysis and are shared solely for informational purposes. The stock market is subject to risks, including capital loss, and readers should exercise due diligence before investing. We do not take responsibility for decisions made based on this content. Consult a certified financial advisor for personalized guidance.
PEPPERSTONE:XAUUSD
by shoonya0000
Party's OverDow Futures daily forming a downwards channel with price targets potentially down to 34k and 31k. These drops would be about 20-40% which is considered a true market crash. The falling wedge pattern plays out until potentially June of 2027, but wedges from the top of the range are dangerous as they can turn into bull traps. - Economic fundamentals have been disconnected from the financial system for some time but as the underlying economy begins to falter (ex. unemployment wave) markets begin to price in data such as falling retail sales. - President Trump is going through with mass layoffs in the Federal Government which creates unemployment as the private sector has been going through layoffs and has halted actual new hiring since 2023. - As more traders have become accustomed to "bad news is good news," they will most likely be wiped out trying to buy dips or chase false breakouts doing what they have always done. - Tariffs regionalize trade which make global economies and supply chains less interconnected. A global economy that is also very levered up on USD denominated debt needs dollar liquidity to continue to function. By regionalizing trade that liquidity is starved which can lead to financial problems on a global scale if not handled carefully. - Markets are likely to price in these risks over the next 2-3 months leading asset prices and interest rates lower. Expect individual companies to do well at times but then rotate to others while the Dow index itself falls. - Even if the Dow were to play out the wedge during 2026, without significant improvements to the global financial system expect that move to be a bull trap or a best lead to minimal gains without a new wave of monetary inflation.
CBOT_MINI:YM1!Short
by CrashoutCapital
1
ES where?📉 ES1! - S&P 500 E-mini Futures (Daily) We’re approaching a critical point on the long-term trendline. 🟠 Price has bounced sharply after a steep pullback, reacting right at the dynamic support that’s held since the 2022 lows. 🟢 Two possible scenarios: Bullish Continuation: support holds, the index regains momentum and pushes back toward the highs. Bearish Breakdown: trendline breaks, signaling a potential structural shift with downside targets possibly below 4000. 📊 Momentum indicator is in extreme territory → wait for confirmation, don’t anticipate.
CME_MINI:ES1!
by JTRADERCO
NQ volatility likely to persist until retest of 13k buy zonechart shows it all...expect more volatility this month, likely a retest of 61.8 fib level at 15k & 78.6 fib levels (based on lows from 2023) near 13k before we finally run to the highs again into 2026! tariffs have similar impact as rate hikes...overall will be digested by markets just fine & we'll head back to the highs as fed sees more freedom to cut given those effects...very incentivized to prevent a "hard landing" economically without also boosting inflation too much, so this is all actually a good thing if you can see it :)
CME_MINI:NQ1!
by DaveTradesLive
GOLD dropped dramatically then recovered in the short termOANDA:XAUUSD saw a short-term spike during the Asian trading session on Monday (April 7). The price of gold recovered to reach around $3,053/ounce, up $83 from the intraday low of $2,970.47/ounce reached earlier. OANDA:XAUUSD fell sharply after the Asian open on Monday, with gold also falling sharply as equity markets suffered a sharp sell-off. While gold typically benefits from periods of volatility, it is more prone to sell-offs during periods of high volatility, with investors likely to sell gold to cover losses elsewhere. The stock market sell-off has prompted investors to cover their losses. However, rising trade wars and geopolitical risks could boost safe-haven demand, supporting gold prices. Trump Makes Shocking Claim About Stock Market Crash: "Sometimes You Have to Take Medicine" When asked about the stock market crash, US President Trump said on Sunday local time, "Sometimes you have to take medicine." After plunging on Thursday and Friday last week, global stock markets continued to fall on Monday, creating the worst three-day losing streak in history. “I don’t want anything to happen, but sometimes you have to take medicine to solve the problem,” Trump told reporters on Air Force One, speaking about the economic impact of his sweeping tariffs. “I can’t tell you what’s going to happen in the markets,” Trump said. “But our country is stronger.” According to Reuters, Trump gave no indication that he would abandon the tariff plan during his speech. Trump also said he did not intentionally orchestrate the market sell-off. “No, it wasn’t that,” he said. Last Friday, Trump reposted a video on his social media platform in response to the stock market crash. The video opens with the assertion: “Trump is causing the stock market crash… but he’s doing it on purpose.” Trump’s “No, he’s not” comment came hours after his economic advisers said in a Sunday television interview that the market should not expect to be rescued from the tariff-driven sell-off. The Stock Market as well as the Gold Market are now directly piloted by Captain Trump, so keeping an eye on Trump is essential for any trader. One comment can also break all the technical structures, and we cannot trade the market without knowing what is happening in the market. The market is 50%, the rest is now Trump and a part of the FED along with trade and geopolitical developments. Technical Outlook Analysis OANDA:XAUUSD On the daily chart, after the gold price fell, it received support from the lower edge of the price channel, an important position of the current main uptrend. And the recovery brought the gold price back above the EMA21 level, however, the upside momentum is also limited by the technical level of 3,056USD, pay attention to readers in the weekly publication. In terms of momentum, the Relative Strength Index RSI approached the level of 50, which is considered a support position for the RSI and the RSI bending upwards will be considered a positive signal for the bullish recovery momentum. During the day, the technical uptrend of the gold price is still dominant with the price channel as the main trend and the notable positions will be listed as follows. Support: 3,019 - 3,000 - around the lower edge of the channel Resistance: 3,056USD SELL XAUUSD PRICE 3093 - 3091⚡️ ↠↠ Stoploss 3097 →Take Profit 1 3085 ↨ →Take Profit 2 3079 BUY XAUUSD PRICE 3001 - 3003⚡️ ↠↠ Stoploss 2997 →Take Profit 1 3009 ↨ →Take Profit 2 3015
OANDA:XAUUSD
by Xayah_trading
1
GOLD MARKET ANALYSIS AND COMMENTARY - [April 07 - April 11]This week, the price of OANDA:XAUUSD increased sharply from 3,076 USD/oz to 3,168 USD/oz, then made a "reverse" move to 3,015 USD/oz and closed this week at 3,038 USD/oz. The reason why the price of gold increased sharply to 3,168 USD/oz in the trading session on April 3 was because US President Donald Trump decided to impose reciprocal taxes from 10% to 49% on many trading partners. However, it was also because of the tariff issue that caused the gold price to break the upward trend right after the Trump administration announced a list of tariff exemptions for many goods. Meanwhile, many countries have also proactively negotiated with the US to reduce import taxes on US goods, import more goods from the US to contribute to gradually balancing the trade balance with the US so that the Trump administration can remove tariffs. In addition, the US non-farm payrolls (NFP) data for March unexpectedly jumped to 228,000 jobs, much higher than the forecast of 137,000 jobs. This shows that the US labor market is still positive, causing investors to believe that the FED may continue to delay cutting interest rates. In addition, FED Chairman Powell also said that the Trump administration's recent reciprocal tariff policy will cause inflation to increase for a long time, risking pushing the US economy into recession. This implies that the FED will not cut interest rates in the upcoming meetings. In particular, the stock market has fallen too sharply, causing investors to close profitable gold investment positions to add margin (cover losses) for stocks. According to many experts, gold prices may continue to adjust next week, but will not fall too deeply. Because the Russia-Ukraine war and armed conflicts in the Middle East are still complicated. Moreover, China has just imposed an additional 34% tax on all US goods. Without hesitation, Canada also imposed a 25% import tax on all cars imported from the US that are not eligible for preferential treatment in the US-Mexico-Canada Agreement (USMCA). If more countries retaliate against the US like China and Canada, the trade war will become increasingly heated, pushing the world economy into instability, increasing the role of gold as a safe haven. 🕹SOME DATA THAT MAY AFFECT GOLD PRICES NEXT WEEK: Inflation and the Fed will be back in the spotlight next week, with the release of the minutes from the Federal Open Market Committee’s (FOMC) March monetary policy meeting on Wednesday. This will be followed by the US consumer price index (CPI) report for March on Thursday, and the producer price index (PPI) on Friday. Friday morning will also see the latest preliminary survey of consumer sentiment from the University of Michigan – a key indicator of how Americans feel about the outlook for the economy. 📌Technically, observing the H4 chart, it is necessary to pay attention to the important support level at 3,000 USD/oz. If next week the gold price trades above this level, it can re-enter the correction phase to 3085. In case the 3000 round resistance level is broken, the gold price will continue to be under selling pressure, causing the price to drop to around 2,900-2,950 USD/oz. Notable technical levels are listed below. Support: 3,019 – 3,000 USD Resistance: 3,050 – 3,056 USD SELL XAUUSD PRICE 3093 - 3091⚡️ ↠↠ Stoploss 3097 BUY XAUUSD PRICE 2988 - 2990⚡️ ↠↠ Stoploss 2984
OANDA:XAUUSD
by Xayah_trading
1
GOLD corrects after hot rally, conditions remain optimisticOANDA:XAUUSD has retreated from an all-time high of $3,167.67/oz as investors began to take profits after a “parabolic” rally. While the rally was initially fueled by safe-haven demand stemming from US President Donald Trump’s plans for higher tariffs, questions are starting to arise about the sustainability of the rally as buying pressure wanes and the Relative Strength Index (RSI) moves into overbought territory. Gold has rallied 19% so far in 2025 and this correction could be temporary Gold prices have rallied 19% this year, supported by multiple macro uncertainties, historic central bank buying and continued inflows into ETFs. Despite the current pullback, from a fundamental perspective, this does not impact the overall bullish fundamental trend and the likelihood of near-term technical consolidation has begun to increase. Trump’s tariffs a “catalyst” supporting the physical gold market? Trump's proposal to impose 10% tariffs on most imports has stoked market concerns about slowing economic growth and rising business costs, while risk aversion has pushed gold prices higher. However, the White House later clarified that "critical raw materials" including gold, copper and energy would be exempt, alleviating some concerns about supply chain disruptions and providing some support to the physical gold market. Market sentiment remains bullish, with strong buying momentum on dips Although the technical side is currently under some pressure, the market's optimism remains unshaken. It is difficult to try to assess the peak near the historical high, but it is clear that every pullback is quickly absorbed by buyers, which shows that the underlying bullish sentiment in the market is still strong. Described by the sharp drop on Thursday, gold recovered very quickly after the drop. Technical Outlook Analysis OANDA:XAUUSD Gold may enter a correction phase after a long period of hot growth, depicted by the Relative Strength Index (RSI) falling below the overbought level, breaking the blue bullish channel. In the short term, if gold breaks below the short-term channel, converging with the 0.50% Fibonacci extension level, it will be in a position to correct further with the next target level around $3,066 in the short term, more than $3,040. However, overall, gold still has a bullish technical outlook with the price channel as the long-term trend and the main support from the EMA21. As long as gold remains within the price channel and above the EMA21, the declines should be considered as corrections and not a trend. On the other hand, once gold recovers from the 0.50% Fibonacci extension and holds above the raw price point of $3,100, it will signal the end of the correction cycle, then the upside target will be the 0.786% Fibonacci extension in the short-term. During the day, the long-term uptrend with the possibility of a short-term correction will be noticed again by the following positions. Support: 3,086 – 3,066 – 3,040USD Resistance: 3,100 – 3,106 – 3,135USD SELL XAUUSD PRICE 3147 - 3145⚡️ ↠↠ Stoploss 3151 →Take Profit 1 3139 ↨ →Take Profit 2 3133 BUY XAUUSD PRICE 3061 - 3063⚡️ ↠↠ Stoploss 3057 →Take Profit 1 3069 ↨ →Take Profit 2 3075
OANDA:XAUUSDLong
by Xayah_trading
2
Trump's Tariff War! GOLD nears targetIn Asian trading on Thursday (April 3), the market's risk-off sentiment increased, boosted by Trump's wide-ranging tariff actions. Spot gold prices jumped to $3,167.77/ounce in early trading, up nearly $37 in a day and hitting a new record high. OANDA:XAUUSD Continues to Rise as Trump Launches Tariff Campaign The US Dollar fell sharply in Asian trading on Thursday, contributing to the boost in gold prices. The US Dollar Index is currently at around 103.050, down more than 60 points on the day. On April 2, local time, the White House issued a statement saying that US President Trump declared a national emergency on the same day to enhance US competitiveness, protect US sovereignty, and strengthen US national and economic security. Trump declared this as America's "declaration of economic independence". The statement said that Trump will impose a 10% "base tariff" on all countries, effective from 0:01 a.m. Eastern time on April 5. In addition, Trump will impose higher, personalized "reciprocal tariffs" on countries with the largest US trade deficits, effective from 0:01 a.m. Eastern time on April 9. All other countries will continue to adhere to the original base tariff of 10%. Gold prices hit a new record above $3,160 an ounce after US President Donald Trump announced comprehensive “reciprocal” tariffs, imposing a minimum 10% tax on imported goods, raising concerns that this could trigger a global economic recession. Investors have flocked to gold as concerns about the health of the global economy have grown. Gold prices have risen 20% this year after a strong rally in 2024, driven largely by central bank buying and strong demand in Asia. AND IT WILL KEEP RISE AS FUNDAMENTAL SUPPORT IS ABSOLUTELY IN PLACE! Technical Outlook Analysis OANDA:XAUUSD On the daily chart, after approaching the target level of attention to readers in yesterday's publication at the price point of the 1% Fibonacci extension, there are temporary signs of cooling down, mainly this is considered a correction state after a shock increase. In terms of trends, gold is currently being noticed by the short-term price channel, this is an uptrend in which the medium-term trend at the price channel is also an uptrend channel, in addition, EMA21 is also the current main support. On the other hand, the Relative Strength Index (RSI) is also in an uptrend channel, which shows that gold is also in an uptrend in terms of momentum, and a signal for a possible downward correction in terms of momentum can only occur when the RSI folds downwards below 80. As long as gold remains in the price channel, it is still in an uptrend in the short term, and the notable positions for the day will be listed as follows. Support: 3,135 – 3,106 – 3,100 USD Resistance: 3,172 USD SELL XAUUSD PRICE 3171 - 3169⚡️ ↠↠ Stoploss 3175 →Take Profit 1 3163 ↨ →Take Profit 2 3157 BUY XAUUSD PRICE 3098 - 3100⚡️ ↠↠ Stoploss 3094 →Take Profit 1 3106 ↨ →Take Profit 2 3112
OANDA:XAUUSDLong
by Xayah_trading
Middle East heats up, GOLD rises more than 20 USDIn the Asian trading session, the spot price of OANDA:XAUUSD suddenly jumped by more than 20 USD in the short term and the gold price just touched 3,135 USD/ounce. The situation in the Middle East suddenly became tense and the US Department of Defense sent more aircraft carriers and bombers to the Middle East, increasing risk aversion, which boosted the demand for safe havens. The latest news from Bloomberg News in the US said that in the context of the US declaring to continue the fight against the Iran-backed Houthi rebels and escalating tensions with Iran over Iran's nuclear program, US Secretary of Defense Pete Hegseth ordered the dispatch of more troops to the Middle East, including the USS Carl Vinson aircraft carrier strike group and many fighter jets. The Carl Vinson will arrive in the region after completing the Indo-Pacific exercise. Pentagon spokesman Sean Parnell said in a statement Tuesday that the Defense Department will also extend the deployment of the USS Harry S. Truman Carrier Strike Group in the region. The rare deployment of two aircraft carriers echoes a show of force last year under the Biden administration. "Secretary Hegseth made clear once again that if Iran or its proxies threaten U.S. personnel and interests in the region, the United States will take decisive action to protect our people," Parnell said. Iran's Supreme Leader Ayatollah Ali Khamenei said on Monday that any attack by the United States or Israel would be met with "decisive retaliation." US President Donald Trump has previously threatened to bomb Iran if it does not sign a deal to give up its nuclear weapons. Last week, Iranian Foreign Minister Abbas Araghchi said there would be no direct talks with the United States as long as the Trump administration continued its "military threats." "If there is no deal, the bombing will come," Trump warned in an interview last weekend. Technical Outlook Analysis OANDA:XAUUSD On the daily chart, gold tested the 0.786% Fibonacci extension level and declined slightly after receiving support from the 0.618% Fibonacci extension level. As we have communicated to our readers in previous publications, given the current fundamental context and technical chart conditions, further price declines are possible, but should only be considered as short-term corrections and not a trend. Or we can consider the downward corrections as another buying opportunity. As long as gold remains within the price channel, there is still a long-term main uptrend, with the main support from the EMA21 and the short-term trend is highlighted by the price channel. For now, gold is capped by the $3,135 level, once this level is broken above gold, there will be conditions to continue to refresh the all-time high set on yesterday's trading day with the next target being the $3,172 price point of the 1% Fibonacci extension. During the day, the bullish outlook of gold will be highlighted by the following technical levels. Support: $3,108 – $3,100 – $3,086 Resistance: $3,135 – $3,149 – $3,172 SELL XAUUSD PRICE 3171 - 3169⚡️ ↠↠ Stoploss 3175 →Take Profit 1 3163 ↨ →Take Profit 2 3157 BUY XAUUSD PRICE 3085 - 3087⚡️ ↠↠ Stoploss 3081 →Take Profit 1 3093 ↨ →Take Profit 2 3099
FOREXCOM:XAUUSDLong
by Xayah_trading
4 consecutive days of increase, GOLD support from TrumpIn the Asian session, spot OANDA:XAUUSD continued to rise, surpassing $3,145/ounce, up more than $24 on the day. The global trade war has caused concerns in the market, continuing to push gold prices to new highs. Gold prices rose 8% in March and have increased for three consecutive months this year. Gold prices have increased more than 18% this year, following a 27% increase last year, thanks to a favorable monetary policy environment, strong central bank buying and demand for exchange-traded funds (ETFs). Trump: Tariff details could be announced soon (Bloomberg) US President Trump said on Monday local time that details of the tariffs could be announced either Tuesday night (April 1) or April 2. Trump also said the US would be “very friendly” to other countries and that tariffs could be significantly reduced in some cases. Trump then talked about other issues before returning to the issue of tariffs, adding: “The tariff plan is already in place.” White House spokeswoman Karoline Leavitt said on Monday that US President Trump will announce a plan for reciprocal tariffs "country by country" in the White House Rose Garden on April 2 and that no tariff exemptions are currently being considered. In the latest escalation in the trade war, Trump is set to impose broad “reciprocal” tariffs on all U.S. trading partners on Wednesday, a day he has called “Liberation Day.” Trump also plans to impose a 25 percent tariff on all non-U.S.-made cars this week. Asked about the reciprocal tariffs and which countries would be affected, Leavitt declined to provide details. Asked whether lower tariffs would be applied to products used by U.S. farmers, Leavitt said “there are no exemptions at this time.” Trump also said on Sunday that he would impose secondary tariffs of 25% to 50% on buyers of Russian oil if he finds Russia intends to obstruct US efforts to end the war in Ukraine. Technical Outlook Analysis OANDA:XAUUSD 4 days of soaring, gold is heading for its 4th consecutive strong day of gains as it breaks the target at the 0.618% Fibonacci extension of $3,139, followed by the target at the 0.786% Fibonacci extension of $3,177. With the current technical conditions, there is no resistance or signal for a significant technical correction. With the medium-term trend being highlighted by the price channel and a blue price channel as the short-term trend. As long as gold remains above the EMA21, it will remain technically bullish in the long-term. Meanwhile, the Relative Strength Index (RSI) is operating in the overbought zone but is not giving any signal of a possible downside correction. For the day, the technical outlook for gold prices remains bullish, and any current downside correction should only be considered as a short-term correction or a buying opportunity. With that, the notable positions for the uptrend will be listed as follows. Support: 3,128 – 3,113 USD Resistance: 3,177 USD SELL XAUUSD PRICE 3157 - 3155⚡️ ↠↠ Stoploss 3161 →Take Profit 1 3149 ↨ →Take Profit 2 3143 BUY XAUUSD PRICE 3085 - 3087⚡️ ↠↠ Stoploss 3081 →Take Profit 1 3093 ↨ →Take Profit 2 3099
OANDA:XAUUSDLong
by Xayah_trading
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by Eddy_Trade_
5
GOLD surges above $3,100 as April 2 approachesThe international OANDA: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 OANDA: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 OANDA: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
OANDA:XAUUSDLong
by Xayah_trading
1
GOLD MARKET ANALYSIS AND COMMENTARY - [March 31 - April 04]This week, the international OANDA:XAUUSD increased sharply from 3,003 USD/oz to 3,087 USD/oz and closed this week at 3,085 USD/oz. The reason for the sharp increase in gold prices is that US President Donald Trump decided to impose a 25% tax on imported cars into the US. This seems to go against Mr. Trump's previous statement about "easing" tariffs, causing investors to worry that US partner countries will retaliate, making the global trade war more intense. Some countries, such as the UK and Japan, have taken some steps to appease and actively negotiate to avoid US tariffs, while many other countries have announced their readiness to retaliate against US tariffs. Therefore, many experts believe that the tariff policy announced by Mr. Trump on April 2 will be very unpredictable. If Mr. Trump still decides to impose tariffs on many countries, the gold price next week may continue to increase sharply, far exceeding 3,100 USD/oz. However, if Mr. Trump narrows the scale of tariffs as announced and does not impose additional industry-specific tariffs on lumber, semiconductors, and pharmaceuticals, the gold price next week is at risk of facing strong profit-taking pressure, especially when the gold price is already deep in the overbought zone. In addition to the Trump administration's tax policy, investors also need to pay close attention to the US non-farm payrolls (NFP) report to be released next weekend, because this index will directly impact the Fed's interest rate policy. 🕹SOME DATA THAT MAY AFFECT GOLD PRICES NEXT WEEK: The most notable economic news in the coming week will be the US implementation of global trade tariffs on Wednesday, along with the March non-farm payrolls report due Friday morning. Experts warn that both events could increase the appeal of gold as a safe-haven asset. In addition, a number of other important US economic data will be released, including the ISM manufacturing PMI and JOLTS job vacancies on Tuesday, the ADP employment report on Wednesday, along with the ISM services PMI and weekly jobless claims on Thursday. 📌Technically, short-term perspective on the H1 chart, gold price next week may continue to surpass the 3100 round resistance level, approaching the Fibonacci 261.8 level around the price of 3,123 USD/oz. The current support level is established around the 3057 level, if next week gold price trades below this level, gold price is at risk of falling to around the 3,000 USD/oz round resistance level. Notable technical levels are listed below. Support: 3,057 – 3,051USD Resistance: 3,100 – 3,113USD SELL XAUUSD PRICE 3133 - 3131⚡️ ↠↠ Stoploss 3137 BUY XAUUSD PRICE 2999 - 3001⚡️ ↠↠ Stoploss 2995
OANDA:XAUUSDLong
by Xayah_trading
1
Liberation, Altercation or Doom? ES Futures weekly planCME_MINI:ES1! Quick Update ​The upcoming week is poised to be critical for financial markets as President Donald Trump's so-called "Liberation Day" on April 2 approaches. On this date, the administration plans to implement new tariffs aimed at reducing the U.S. trade deficit by imposing reciprocal duties on imports from various countries. ​ As April 2 looms, the full impact of these tariffs remains uncertain, leaving markets and investors in a state of heightened anticipation.​ We may get clarity on the tariff situation on April 2, 2025. Universal tariff announcement of categories of imports may clarify US administration’s maximum tariff escalation approach. A phased out and unclear tariff approach may keep markets in limbo. Economic Calendar Keep an eye on the data docket, NFP and other key releases are due this week. Tuesday, Apri 1, 2025 : ISM Manufacturing PMI, JOLTS Job Openings Wednesday April 2, 2025 : ADP Employment Change, Factory Orders MoM Thursday April 3, 2025 : Balance of Trade, Imports, Exports, ISM Services PMI, Initial Jobless Claims Friday, April 4, 2025 : Non-Farm Payrolls, Unemployment rate, Average Hourly Earnings MoM,Average Hourly Earnings YoY, Fed Chair Powell Speech Key Levels to Watch: Yearly Open 2025 : 6001.25 Key Resistance : 5850- 5860 LVN : 5770 -5760 Neutral Zone : 5705-5720 Key LIS Mid Range 2024 : 5626.50 2024-YTD mCVAL : 5381 2022 CVAH : 5349.75 August 5th, 2024 Low : 5306.75 Scenario 1: Bold but Strategic Tariffs (Effective Use of Tariff to reduce trade deficit and raise revenue) : In this scenario, we may see relief rally in ES futures, price reclaiming 2024 mid-range with a move higher towards key resistance level. Scenario 2: Maximum pressure, maximum tariff (All out trade war) : In this scenario, we anticipate a sell-off with major support levels, such as 2024- YTD mCVAL, 2022 CVAH and August 5th, 2024 low as immediate downside targets. Scenario 3: Further delays in Tariff policy (A negotiating tool, with looming uncertainty) : In this scenario, sellers remain in control and uncertainty persists, while we anticipate that rallies may be sold, market price action may remain choppy and range bound.
CME_MINI:ES1!
by EdgeClear