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GC1! (Gold Futures)

Gold Prices Doubled in 5 years. What Does It 'Historically' MeanOver the past five years, Gold prices OANDA:XAUUSD have experienced a significant surge, doubling in value over the past 5 years, from mid-March 2020 to mid-March 2025. This is the 3rd time in history ever, the price of gold doubled in U.S. dollars (we counted only events when it has been observed first time only over 5-years time span). 🥇 The 1st time "A Doubling" event happened in the first quarter of 1973, when Gold hit $80 mark per ounce (google: "1973 Arab–Israeli War"). ⚒ What happened next with Gold prices after that? - Hmm.. Gold doubled in price again! (and even more) over the next three years. Watch historical charts to learn more. ⚒ S&P500 Index folded in half over the same next three years. 🥇 The 2nd time "A Doubling" event happened more than 30 years later, in the first quarter of 2006 when Gold prices hit $500 barrier by the end of the year 2005, for the first time since 1987. Some analysts blamed inflation in the US and concerns about the state of the global economy. ⚒ What happened next with Gold price after that? - Hmm.... Gold price also doubled in price again! (and even more) over next three years. Watch again historical charts to learn more. ⚒ S&P500 Index folded in half again over the same next three years (google: "2008 financial crisis"). 🥇 Now is the 3rd time "A Doubling" event has happened with Gold prices, first time over last almost 20 years. Several factors have contributed to this increase, including economic uncertainty, inflation fears, geopolitical tensions, central bank activity, and investment demand. Economic Uncertainty: Times of economic turmoil often drive investors towards gold as a safe haven asset. The increase in global economic uncertainty has been a primary driver of gold's price surge. Inflation: The threat of inflation also contributes to the rising price of gold. Investors often turn to gold as a hedge against the devaluation of fiat currencies during inflationary periods. Geopolitical Tensions: Geopolitical instability encourages investors to seek safe-haven assets like gold. The Ukraine war, along with conflicts in the Middle East, have further fueled the rise in gold prices. Central Bank Demand: Central banks' buying and easing cycles influence gold prices. Central banks often purchase gold to diversify their reserve holdings, and this demand can impact gold prices significantly. Investment Demand: Demand from technology, jewelry, and investors influences gold prices. Gold price movements are sometimes driven by investor demand. -- Best #GODL (Gold On Dear Life) wishes, @PandorraResearch Team
FXOPEN:XAUUSD
by PandorraResearch
GOLD breaks and refreshes All-Time High, on PCE Data dayOn Friday (March 28) in the Asian trading session, the spot OANDA:XAUUSD unexpectedly accelerated and the gold price surpassed the level of 3,077 USD / ounce, up more than 20 USD on the day. The threat of additional tariffs by US President Trump has affected the USD. Gold still maintains a positive growth momentum and is expected to reach a new record high. The spot OANDA:XAUUSD closed up 37.50 USD on Thursday as new auto tariffs announced by President Donald Trump have increased trade tensions around the world and sent stock markets plunging, sending investors fleeing for safe-haven assets. Gold traders will focus on U.S. PCE inflation data on Friday to gauge the Federal Reserve's rate-cutting path. Markets will now focus on upcoming U.S. economic data. On Friday, the U.S. will release data on the personal consumption expenditure (PCE) price index for February, the Federal Reserve's preferred inflation gauge. The U.S. core PCE price index is expected to have risen 2.7% year-on-year in February, up slightly from 2.6% in January. “A mild PCE inflation reading could reinforce the Fed’s dovish stance and maintain support for gold” Gold is traditionally seen as a safe haven from economic and political uncertainty and tends to perform well in low-interest-rate environments. Technical Outlook Analysis OANDA:XAUUSD Continuing to rise, gold reached all the target levels sent to readers in the weekly publication and also broke these levels. With the current position, gold is expected to continue to rise with the next target at the 0.382% Fibonacci extension level. The RSI is upright moving back to the 80 area, showing surprisingly strong buying momentum without any signs of weakening in the oversold area. In the short term, the confluence of the upper edge of the price channel with the 0.50% Fibonacci extension will be the most important position to watch, as it acts as an expected resistance for a slight correction when the RSI enters the overbought zone. However, once gold continues to break $3,113, there will be nothing to stop gold from continuing to increase rapidly. Overall, the overall bullish outlook for gold prices during the day will be focused on the following technical levels. Support: $3,057 – $3,051 Resistance: $3,086 – $3,100 – $3,113 SELL XAUUSD PRICE 3101 - 3099⚡️ ↠↠ Stoploss 3105 →Take Profit 1 3093 ↨ →Take Profit 2 3087 BUY XAUUSD PRICE 3004 - 3006⚡️ ↠↠ Stoploss 3000 →Take Profit 1 3012 ↨ →Take Profit 2 3018
OANDA:XAUUSDLong
by Xayah_trading
GOLD holds above $3,000, aiming for weekly targetOANDA:XAUUSD continues to recover and maintain an upward trend, as uncertainty over the Trump administration's tariff policy has boosted safe-haven demand. Meanwhile, the market is focusing on US inflation data due this week to further determine the path of interest rates. Tariff and inflation concerns have fueled safe-haven buying, with gold up more than 15% this year US President Donald Trump said on Monday that tariffs on imported cars were coming, but hinted that not all of the threatened tariffs would take effect on April 2 and that some countries could be exempted. This is sure to raise concerns that if the tariffs are officially implemented, they could push up inflation and stifle economic growth, so investment flows in the market have shifted to traditional safe-haven assets such as gold for allocation. Gold has always been considered a hedge against inflation and macroeconomic instability. Since the beginning of the year, the price of gold has increased by more than 15% and reached an all-time high of $ 3,057.21 / ounce on March 20. Market Focuses on PCE Inflation Data, Fed Maintains Dovish Expectations The market is now paying attention to the US Personal Consumption Expenditures (PCE) price index, which will be released on Friday. This index is considered the core data for the Federal Reserve to assess inflation trends and may provide further material for assessing the path of interest rate cuts this year. If the PCE inflation index does not show any unusual changes, it will further strengthen the Fed's dovish stance and continue to push gold prices up. More detailed assessments will be sent to readers in later publications. Last week, the Federal Reserve kept its benchmark interest rate unchanged but signaled it could start cutting rates later this year. Since gold does not yield interest, it is often more attractive in a low-interest-rate environment. Technical Outlook Analysis OANDA:XAUUSD Gold continues to rally since receiving support from the $3,000 raw price level, which was a key support noted by readers in previous issues. The current position above the 0.50% Fibonacci extension level is a positive signal for gold to target the initial upside target in the weekly issue at $3,051 in the short term, more likely an all-time high. The relative strength index (RSI) is also bent upwards, which should be considered a corrective signal due to the weakening/ending profit-taking momentum. Going forward, the technical structure remains unchanged with the daily chart dominated by the bullish trend with the price channel as the main trend and the EMA21 as the main support. As long as gold remains above the EMA21, it still has a bullish outlook in the medium term, along with that, the notable positions for this trading day will be listed as follows. Support: 3,021 – 3,000 USD Resistance: 3,051 – 3,057 USD SELL XAUUSD PRICE 3062 - 3060⚡️ ↠↠ Stoploss 3066 →Take Profit 1 3054 ↨ →Take Profit 2 3048 BUY XAUUSD PRICE 2989 - 2991⚡️ ↠↠ Stoploss 2985 →Take Profit 1 2997 ↨ →Take Profit 2 3003
OANDA:XAUUSDLong
by Xayah_trading
XAUUSD: Channel Down about to start the new bearish wave.Gold is neutral on its 1H technical outlook (RSI = 52.608, MACD = 1.710, ADX = 25.254) which, as the price test the top of the Channel Down, indicates that it is about to start the new bearish wave. The trigger for that sell trade would be a break under the 1H MA200. Aim for a -1.88% decline (TP = 2,980). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDShort
by InvestingScope
Staying above $3,000, risk cools but still supports GOLDOANDA:XAUUSD prices corrected lower and then recovered slightly, maintaining price action above the $3,000 flat level, which is an important support for the short-term bullish outlook, as US President Trump eased his stance on imposing tariffs on trade partners and market risk appetite increased significantly, putting pressure on safe-haven assets such as gold. In addition, gold prices were also dragged down by the US Dollar hitting a more than two-week high. OANDA:XAUUSD prices have hit a record high 16 times this year, reaching an all-time high of $3,057.21/oz last week. Trump May Exempt Some Countries from Tariffs, Wall Street Optimistic Trading sentiment on Wall Street was positive as US President Trump suggested a partial delay in some tariffs originally scheduled to be imposed on April 2. According to the Wall Street Journal, US President Trump said he may reduce retaliatory tariffs scheduled to be imposed on US trading partners next month and some countries may be exempted. According to Bloomberg, US President Trump announced on April 2 that he would impose tariffs on specific countries instead of reciprocal tariffs on most countries. These measures target the so-called “Dirty 15” trading partners. Trump’s tariff policy stance has shown signs of softening, easing investors’ concerns about the risk of a global trade war. Gold is traditionally seen as a safe investment during times of geopolitical and economic uncertainty, and it typically performs well in low-interest-rate environments. The Federal Reserve kept interest rates unchanged last week, signaling the possibility of two 25-basis-point cuts this year. U.S. and Russian officials are holding talks in Saudi Arabia in hopes of making progress on a broad ceasefire in Ukraine. Washington also hopes to negotiate a separate maritime ceasefire in the Black Sea before reaching a broader agreement. Overall, the market is showing some signs of cooling down, providing the possibility of a correction for gold prices after a long period of consecutive increases. However, in terms of the overall market picture, gold is still fundamentally on the rise, as potential risks still appear frequently and any unexpected impact from geopolitical and trade risks will also cause gold prices to increase strongly. Technical outlook analysis of OANDA:XAUUSD On the daily chart, gold corrects lower but remains fixed above the base price of 3,000 USD, which is noted as an important support for the short-term bullish outlook, sent to readers in the previous issue. In the short term, the upside target is around 3,021 USD, the price point of the 0.50% Fibonacci extension, once this level is broken on gold, it can continue to increase with the target of 3,051 USD in the short term, more than the all-time high then the 0.618% Fibonacci extension. Overall, as long as gold remains within the price channel, above the EMA21, it still has a bullish technical outlook, the current price declines should only be considered as a short-term correction without changing the main trend. During the day, the technical uptrend of gold will be focused again as follows. Support: 3,000 – 2,977 USD Resistance: 3,021 – 3,051 – 3,057 USD SELL XAUUSD PRICE 3037 - 3035⚡️ ↠↠ Stoploss 3041 →Take Profit 1 3029 ↨ →Take Profit 2 3023 BUY XAUUSD PRICE 2978 - 2980⚡️ ↠↠ Stoploss 2974 →Take Profit 1 2986 ↨ →Take Profit 2 2992
OANDA:XAUUSDLong
by Xayah_trading
1
XAUUSD The 4H MA50 makes all the difference.Gold (XAUUSD) is so far maintaining its long-term bullish trend and will continues to do so even on the short-term, as long as it holds the 4H MA50 (blue trend-line). There are three different Channel Up patterns involved and as long as the 4H MA50 holds, the (dotted) short-term Channel targets 3080 at least. If the price breaks below the 4H MA50 and the dotted Channel Up, it would be best to close any buys and short instead, targeting the 4H MA200 (orange trend-line) at 2960. It has to be said that every time the 4H RSI traded downwards as it has since Wednesday, a stronger pull-back to the bottom of the long-term Channel Up took place, so that has to favor 2960. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TRADENATION:XAUUSD
by TradingShot
GOLD MARKET ANALYSIS AND COMMENTARY - [March 24 - March 28]Last week, although the OANDA:XAUUSD had a sharp decrease in the last 2 sessions of the week, overall, the gold price this week continued to increase for the 3rd consecutive week. After opening at 2,985 USD/oz, the gold price increased to 3,057 USD/oz, but then dropped sharply to 2,999 USD/oz in the last session of the week, then recovered and closed the week at 3,023 USD/oz. The reason why the gold price decreased sharply in the last session of last week was because the USD increased again after the FED meeting, when some US economic indicators, such as initial unemployment benefits, production index... were all at a positive level, showing that the US economy has not shown any signs of recession. In addition, some FED officials said that the FED is not in a hurry to continue cutting interest rates, although the FED's dot chart previously showed that the FED will still aim to cut interest rates twice this year. This week, the US will release a number of important indicators, such as PMI, consumer confidence, revised Q4/2024 GDP, and personal consumption expenditures (PCE). Of these, PCE will receive special attention from the market, because this index is the inflation measure that the FED is most interested in. If PCE increases sharply, the FED will continue to cut interest rates. On the contrary, the FED will continue to keep interest rates unchanged in the upcoming meetings. 🕹SOME DATA THAT MAY AFFECT GOLD PRICES NEXT WEEK: Several key economic data releases this week, including the S&P Global Manufacturing and Services PMIs on Monday and the U.S. Consumer Confidence Index on Tuesday, will give the market a clearer picture of where the U.S. economy is headed. However, the most important data for investors will be the Federal Reserve's preferred inflation gauge, the core personal consumption expenditures (PCE) index, due Friday morning. Other notable data releases include new home sales on Tuesday, durable goods orders on Wednesday, and pending home sales, weekly unemployment figures, and U.S. fourth-quarter GDP on Thursday. 📌Technically, the key support level for gold this week is around $2,954/oz, while the resistance level is at $3,057/oz. If gold continues to break above $3,057/oz next week, it could open the door for a further rally towards the $3,100/oz resistance zone. On the contrary, gold could face profit-taking pressure, causing the price to fall to around $2,950/oz. Notable technical levels are listed below. Support: 3,021 – 3,000USD Resistance: 3,051 – 3,057 – 3,065USD SELL XAUUSD PRICE 3101 - 3099⚡️ ↠↠ Stoploss 3105 BUY XAUUSD PRICE 2949 - 2951⚡️ ↠↠ Stoploss 2945
OANDA:XAUUSDLong
by Xayah_trading
GOLD at absolute fundamental support but RSI overboughtOANDA:XAUUSD have now fallen to around $3,048/ounce, down $9 from the historic high reached in early Asian trading today, March 20. On Thursday, the US Federal Open Market Committee (FOMC) announced its interest rate decision and summarized economic expectations; Federal Reserve Chairman Powell held a press conference on monetary policy. The FOMC kept its policy rate unchanged at 4.25% - 4.50% after the Trump administration imposed tariffs, while officials raised their inflation forecasts for this year and lowered their economic growth forecasts. After concluding a two-day monetary policy meeting, the Federal Reserve announced at 2 p.m. ET on Wednesday that it would maintain its benchmark interest rate at 4.25% to 4.5% and announced it would slow the pace of its balance sheet reduction starting in April. The Fed also released its FOMC statement, predicting rising U.S. inflation and lowering its economic growth forecast. Amid signs of stagflation, the Fed still announced that it would cut interest rates twice by 2025, similar to the dovish signal it gave when it cut interest rates sharply last September. The statement noted that recent indicators show that economic activity continues to grow at a solid pace. In recent months, unemployment has remained low, labor market conditions have remained strong, and inflation has remained moderately elevated. Federal Reserve Chairman Powell first mentioned tariffs at a press conference after the meeting, acknowledging that Trump’s policies have affected the economy. Powell also indicated that the policies of the new Trump administration will affect the economy, but he will be careful to avoid making too clear assessments of this impact. Powell also used the word “uncertainty” several times. He reiterated that there is still uncertainty about the potential impact of tariffs on the U.S. economy and highlighted the risks to the Fed’s expectations for employment and inflation. – Bloomberg – Last week, US President Trump raised tariffs on steel and aluminum imports to 25% and said new reciprocal tariffs and industrial duties would take effect on April 2. On the geopolitical front, hostilities between Russia and Ukraine continued despite a 30-day ceasefire aimed at halting attacks on energy facilities. Meanwhile, conflict in the Middle East escalated as Reuters reported that an Israeli airstrike on Tuesday killed 400 people. Two UN staff were killed in an attack on the UN building in Deir el Balah, central Gaza Strip, a UN source told AFP on Wednesday. Gold prices have risen more than 15% this year. Gold has long been seen as a safe investment in times of economic or geopolitical uncertainty, and since it does not yield interest, it is even more attractive in a low-interest-rate environment. Technical outlook for OANDA:XAUUSD Gold continues to refresh its all-time highs as it finds support from the 0.50% Fibonacci extension noted by readers in yesterday’s edition and currently has no technical barriers ahead, with the next upside target being the 0.618% Fibonacci extension. While all technical conditions are in favor of the upside with the channel acting as short-term support and the RSI showing no signs of a significant downside correction, downside corrections when they do occur are typically strong after a long period of hot growth like the current one. Traders can definitely prepare for a downside correction with a target of around $3,037 in the short term and the 0.618% Fibonacci extension is a position that can fit this expectation. I will try to describe that if you try to sell around the 0.618% Fibonacci level is a counter-trend decision, but since the RSI has been operating in the overbought area and 6 consecutive bullish sessions have occurred, there is a possibility for a downside correction. However, the need to do for the expectation (Adjustment) means that the open short positions should be completed in the short term because it is counter-trend. During the day, the uptrend in gold prices with the expectation of a downside correction will be noticed again by the following technical levels. Support: $3,037 – $3,021 – $3,000 Resistance: $3,065 SELL XAUUSD PRICE 3101 - 3099⚡️ ↠↠ Stoploss 3105 →Take Profit 1 3093 ↨ →Take Profit 2 3087 BUY XAUUSD PRICE 2999 - 3001⚡️ ↠↠ Stoploss 2995 →Take Profit 1 3007 ↨ →Take Profit 2 3013
OANDA:XAUUSDLong
by Xayah_trading
1
GOLD SILVER PLATINUM COPPER: Metals Are Bullish! Wait For Buys!This is a FUTURES market outlook for the Metals, for the week of March 24-28th. In this video, we will analyze the following markets: GC | Gold SIL | Silver PL | Platinum HG | Copper The USD continues its bearish ways this upcoming weak. It's currency counterparts will likely see some upside this week. Especially the JPY. Patience and an ear to the news will be the best way to approach the equity markets. The same would also apply to news sensitive commodity markets like US OIL, Gold and Silver. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
COMEX:GC1!Long
by RT_Money
XAUUSD: Topped. Correction to 2,815 imminent.Gold is overbought on its 1D technical outlook (RSI = 72.881, MACD = 47.430, ADX = 30.048) and is headed for the top (HH) of the 3 month Channel Up. The 1D RSI is on the very same LH formation as the top of the previous Channel Up on October 30th 2024. That resulted to a 1D MA100 pullback on the 0.5 Fibonacci retracement level. Consequently, we turn bearish here, aiming for the 0.5 Fib (TP = 2,815). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDShort
by InvestingScope
1
XAUUSD Major 25-year Resistance getting tested!Gold (XAUUSD) has been on a multi-decade uptrend since the 2000 bottom and shortly after the launch of its ETF. With the exception of the aggressive 2006 break-out, the majority of its price action has been inside the (blue) Channel Up but the use of the Fibonacci extension Channel allows us to catch the key levels of the post 2006 action too. What's more important is that the market is testing the top of that (blue) Channel Up, i.e. the 1.0 Fibonacci level, for the first time since August 2020, which was a major market top and the start of a 3-year Bear Phase. As mentioned, the only time this Resistance broke was in April 2006, when Gold truly turned parabolic. The question is, what will it be this time? A macro level bullish break-out to the Fib 1.5 extension or the more short-term dynamic of the top of the blue Channel Up and a rejection back to the long-term Support of 1M MA50 (blue trend-line)? Tell us your thoughts in the comments section! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSD
by TradingShot
GOLD Reached it's Apex and is ready for a dumpIn my earlier posts I said that Gold has the potential to reach the U-MLH, which has become true. Up there, the price of Gold is stretched. Yes it can go up even more beyond the Upper-Medianline-Parallel. But the overall numbers of occurrences are small. So, at this natural stretch, price has a high probability to revert to the mean. And this is supported by the fact, that the overall indexes are heavenly oversold and already showing the signs of a pullback to the North (see my last NQ post). Why not just watch how it plays out, and make a decision for a trade after the FOMC, or even tomorrow. Don't rush into these unknowing situations. Be patient and wait for clear signs to take action.
COMEX:GC1!Short
by Tr8dingN3rd
Gaza conflict and Trump tariffs push GOLD higher againOANDA:XAUUSD rose more than 1% on Tuesday to a new record high and are currently trading around $3,035/oz, close to yesterday's peak. Trade uncertainty due to rising tensions in the Middle East and US President Trump's tariff plans have boosted investor demand for safe-haven assets. Israeli airstrikes kill more than 400 in Gaza Early Tuesday morning local time, the Israeli military carried out heavy airstrikes on Gaza City in the northern Gaza Strip, Deir el Balah, the Nusayrat refugee camp in the central Gaza Strip, as well as Khan Yunis and Rafah in the south. The British news agency Reuters reported that Israeli airstrikes killed more than 400 people in Gaza, threatening a two-month ceasefire. Israeli Prime Minister Benjamin Netanyahu said the airstrikes were carried out because Hamas has repeatedly refused to release Israeli detainees. Defense Minister Israel Katz warned that if Hamas does not release the detainees, "our attacks will intensify." Hamas said Israel's move was a unilateral end to the ceasefire, leaving Israelis held in Gaza "to face an unknown fate." There were unconfirmed reports that an Iranian vessel collecting intelligence during the Gaza offensive was sunk by US forces, escalating tensions in the Middle East. Saudi media reported on Tuesday that the Iranian Navy's most advanced intelligence ship, the Zagros, was hit by an unidentified missile in the Red Sea on Monday evening local time, causing its hull to be damaged, leaking and sinking. World Media reported that the US military was then attacking Houthi armed forces in the area outside the Red Sea, while the Israel Defense Forces conducted a large-scale bombing of Gaza, and the origin of the missile that hit the Iranian naval vessel could not be determined. Trump's Tariffs Meanwhile, US President Trump has proposed a series of US tariff plans, including a 25% flat tariff on steel and aluminum (which took effect in February), as well as reciprocal tariffs and sectoral tariffs that will be applied on April 2. Trump said he would impose general reciprocal tariffs on April 2, with additional tariffs targeting specific industries. Trump told reporters on Air Force One on Sunday that both tariffs would be applied to foreign goods imported into the United States “under certain circumstances,” “They tax us, we tax them, and then we’ll tax other industries beyond autos, steel, aluminum.” Ultimately, Gold is often considered a safe investment in times of economic or geopolitical uncertainty, and in the current environment, it is still fundamentally well supported. There are also many other supports such as demand from central banks, national reserves, and ETF volumes, the decline of the Dollar, the Fed's monetary policy, etc. Readers can review previous publications for more information. Technical outlook analysis of OANDA:XAUUSD On the daily chart, although the RSI is operating in the overbought area, it has not shown any signal to indicate a significant downside correction. A signal for a correction is a crossover of the RSI below 80. Meanwhile, the sustained price action above the 0.50% Fibonacci extension level is a positive signal with the expectation of further upside and the next target is the 0.618% Fibonacci extension position at the price point of $3,065. Currently, there is no notable resistance ahead, so until the level of 3,065 USD gold can still rise freely. The intraday uptrend of gold will be noticed again by the following notable positions. Support: 3,021 – 3,000 USD Resistance: 3,065 USD SELL XAUUSD PRICE 3068 - 3066⚡️ ↠↠ Stoploss 3072 →Take Profit 1 3060 ↨ →Take Profit 2 3054 BUY XAUUSD PRICE 2984 - 2986⚡️ ↠↠ Stoploss 2980 →Take Profit 1 2992 ↨ →Take Profit 2 2998
OANDA:XAUUSDLong
by Xayah_trading
GOLD MARKET ANALYSIS AND COMMENTARY - [March 17 - March 21]Last week, the international OANDA:XAUUSD increased sharply, from 2,880 USD/oz to 3,005 USD/oz. Then, profit-taking pressure caused the gold price to drop to 2,978 USD/oz and closed the week at 2,986 USD/oz. The reason for the sharp increase in gold prices in recent days is that US inflation figures (CPI, PPI) have decreased more sharply than expected, raising expectations that the FED will cut interest rates twice more this year. In addition, concerns about US public debt have increased as the US Congress is unlikely to pass the Budget Bill, putting the US government at risk of a shutdown. The FED meeting next week will play an important role in shaping expectations about the FED's interest rate policy. This could be the main driver for gold prices next week, given the inverse correlation between gold and the USD. However, in recent comments, the FED Chairman has remained cautious about inflationary pressures due to concerns that the Trump administration's tariff policies will fuel inflation in the medium and long term. Therefore, it is possible that the FED Chairman will continue to maintain interest rates at current levels in the next meetings. If so, this will be a shock to gold prices next week, causing gold prices to fall next week. 🕹SOME DATA THAT MAY AFFECT GOLD PRICES NEXT WEEK: This week is shaping up to be a volatile one for gold, with markets digesting a number of key economic releases. Central banks continue to dominate the calendar, with the Bank of Japan announcing its interest rate decision on Tuesday, followed by the Federal Reserve on Wednesday and the Swiss National Bank and Bank of England on Thursday. There are also a number of key US economic data releases, including Retail Sales and the Empire State Manufacturing Index on Monday, Housing Starts and Building Permits on Tuesday. On Thursday, markets will be watching the weekly Unemployment Report, Existing Home Sales and the Philadelphia Fed Manufacturing Survey. 📌Technically, in the short-term perspective on the H1 chart, gold prices next week may maintain their upward momentum to find the 161.8 fibo level around 3035. Or they may temporarily reduce and adjust around the Trendline at 2915. Notable technical levels are listed below. Support: 2,977 – 2,956 USD Resistance: 3,000 – 3,021 USD SELL XAUUSD PRICE 3036 - 3034⚡️ ↠↠ Stoploss 3040 BUY XAUUSD PRICE 2914 - 2916⚡️ ↠↠ Stoploss 2910
OANDA:XAUUSDLong
by Xayah_trading
GOLD surges as geopolitical risks unexpectedly boost gainsOANDA:XAUUSD continued to rise in the short term, with gold prices just hitting a new all-time high of $3,014/oz. As investors focused on US economic data, which raised concerns about an economic slowdown, and escalating tensions in the Middle East, the precious metal's appeal as a safe haven was highlighted. Israel Strikes Hamas Targets Across Gaza, Killing Over 200 Israel said it carried out military airstrikes on Hamas targets in the Gaza Strip, a move that risks derailing a fragile ceasefire. Palestinians reported multiple airstrikes by Israel on various areas of the Gaza Strip. Traders were also looking at U.S. retail sales data, which showed a smaller-than-expected increase in February. Falling yields on 10-year U.S. Treasury notes also helped boost non-interest-bearing gold. Israel has launched a series of airstrikes on the Gaza Strip as a nearly two-month-old ceasefire appeared to be rapidly unraveling, with Prime Minister Benjamin Netanyahu saying his government would “increase its military force” against Hamas. Palestinians reported Israeli airstrikes in several areas of Gaza on Tuesday morning, and an Israeli statement confirmed the attacks took place across Gaza. Hamas’ media office said on Tuesday that Israeli airstrikes on the Gaza Strip had killed more than 200 people. The attack shattered a fragile ceasefire that had been suspended for 15 months in the war ravaging the Gaza Strip. It was the heaviest bombing since a ceasefire brokered by Egypt, Qatar and other countries took effect in January. Technical Outlook Analysis OANDA:XAUUSD After reaching and breaking the original price level which is also the bullish price target of 3,000 USD, gold is continuing to aim for the target level behind that, pay attention to readers last week at 3,021 USD in the short term, which is the location of the 0.50% Fibonacci extension level. Meanwhile, the Relative Strength Index (RSI) is sloping up with a significant slope and has not completely moved above the overbought area, showing that momentum and room for growth is still ahead. Next, the main trend and outlook remains bullish with price channels and mid- to short-term trend. The main support is seen by the EMA21. As long as gold remains above the EMA21, it remains technically bullish, the current dips should only be considered as a short-term correction or a buying opportunity. The following areas of interest will also be noted. Support: $3,000 – $2,977 Resistance: $3,021 – $3,065 SELL XAUUSD PRICE 3036 - 3034⚡️ ↠↠ Stoploss 3040 →Take Profit 1 3028 ↨ →Take Profit 2 3022 BUY XAUUSD PRICE 2949 - 2951⚡️ ↠↠ Stoploss 2945 →Take Profit 1 2957 ↨ →Take Profit 2 2963
OANDA:XAUUSDLong
by Xayah_trading
1
GOLD nears $3,000 as trade tensions escalateOANDA:XAUUSD have surged to an all-time high, just shy of the key $3,000-an-ounce mark as global trade tensions and expectations of a Federal Reserve rate cut push them closer to a record high. They have risen nearly 14% this year, following a 27% gain in 2024. WASHINGTON (Reuters) - President Donald Trump on Thursday threatened to impose 200% tariffs on wine, champagne and other alcoholic beverages from France and the rest of the European Union, marking a further escalation in global trade tensions. Trump tweeted Thursday that he would impose import tariffs if the European Union continues to impose duties on U.S. whiskey exports. The EU's move is in retaliation for Trump's steel and aluminum tariffs that took effect on Wednesday. Trump also had harsher words for the European Union. The EU has been one of the United States' closest allies for decades. Trump posted on his Truth Social platform: "The European Union is one of the most hostile and abusive tax and tariff organizations in the world, and their sole purpose is to take advantage of the United States. They just put a disgusting 50% tariff on whiskey. If this tariff is not removed immediately, the United States will soon put a 200% tariff on all wine, champagne and spirits coming from France and other EU member states. This will be a tremendous boon to the American wine and champagne industry." Trump’s trade policy changes have boosted the price of gold, an asset favored by investors during times of geopolitical and economic uncertainty. In addition, the Wall Street Journal reported that Russian President Vladimir Putin had rejected plans for an immediate ceasefire in Ukraine, which also contributed to the safe-haven buying of gold. Russian President Vladimir Putin said Thursday that Russia will not agree to an immediate end to fighting in Ukraine and called for further discussions on ending the war permanently, The Wall Street Journal reported. Moscow’s military is now advancing rapidly, aiming to push Ukrainian troops out of the Kursk region. Putin said any ceasefire at this stage would be in Ukraine’s interests because Russia is winning on the battlefield and there are many issues that need to be resolved before a ceasefire can be reached. SPDR Gold Trust, the world's largest gold ETF, said its holdings rose to 907.82 tonnes on February 25, the highest since August 2023. Meanwhile, data from China's central bank showed China bought gold for a fourth straight month in February. Over the weekend, data on US consumer confidence and inflation expectations will be less in the spotlight than tariffs and geopolitical headlines. For economic data, readers can find more details in the signature section through brief comments during the day. Technical Outlook Analysis OANDA:XAUUSD On the daily chart, gold is down slightly year-to-date after approaching the important raw price level of $3,000. The current correction is also not significant as the uptrend will still dominate the chart with the price channel as the nearest support at present, the main support is noted by the EMA21 and the other support is the 0.382% Fibonacci extension level. Meanwhile, the Relative Strength Index (RSI) has not yet risen above the overbought zone, indicating that there is still room for upside. Intraday, as long as gold remains above the price channel and the 0.382% Fibonacci extension level, its main short-term outlook remains bullish. Even if gold falls below the aforementioned support area, it remains in an overall bullish trend, so the current declines should be viewed as a short-term correction or a buying opportunity. Next, the target will be the full price point of $3,000 in the short term and more at the 0.50% Fibonacci extension level. The notable positions for the day are listed as follows. Support: $2,977 – $2,956 Resistance: $3,000 – $3,021 SELL XAUUSD PRICE 3037 - 3035⚡️ ↠↠ Stoploss 3041 →Take Profit 1 3029 ↨ →Take Profit 2 3023 BUY XAUUSD PRICE 2949 - 2951⚡️ ↠↠ Stoploss 2945 →Take Profit 1 2957 ↨ →Take Profit 2 2963
OANDA:XAUUSDLong
by Xayah_trading
GOLD hits Bullish targets, heading for all-time highAs tariff uncertainty pushed money into safe havens, cooling US inflation kept market expectations of a Fed rate cut intact and optimism over a ceasefire between Russia and Ukraine cooled, OANDA:XAUUSD surged and broke out of its recent sideways consolidation trading range. OANDA:XAUUSD surged past the $2,942/oz target on safe-haven demand. Weaker US CPI data also supported expectations of a Federal Reserve rate cut, pushing gold higher. The US consumer price index (CPI) rose 2.8% year-on-year in February, slightly below the 2.9% expected and down from January's 3.0%. The year-on-year increase in the core CPI, which excludes volatile food and energy prices, eased to 3.1% from January's 3.3%. Recent news of a ceasefire between Russia and Ukraine also cooled earlier optimism. British news agency Reuters reported on Wednesday that Russian officials were skeptical about the U.S. proposal for a 30-day ceasefire in Ukraine. Kremlin spokesman Dmitry Peskov said on Wednesday that the Kremlin was still waiting for the United States to announce its proposal for a ceasefire in Ukraine. The Kremlin needs to hear the results of the U.S.-Ukraine talks before commenting on whether Russia can accept the ceasefire. Commenting on a ceasefire proposal that has been accepted by both U.S. and Ukrainian officials, an influential Russian lawmaker insisted on Wednesday that any deal must be reached on Russian terms, not U.S. A senior Russian source said President Vladimir Putin would be unlikely to agree to a ceasefire proposal without finalizing the terms and receiving some guarantees. Ukraine accepted a US proposal for a 30-day ceasefire with Russia on Tuesday in exchange for the Trump administration resuming suspended military aid and intelligence sharing. The deal was announced by US and Ukrainian officials after eight hours of talks in Saudi Arabia on Tuesday. Trump said US officials would meet with their Russian counterparts on Wednesday and he could meet with Russian President Vladimir Putin this week. The World Gold Council (WGC) revealed that central banks continued to buy gold. The People's Bank of China and the National Bank of Poland added 10 tonnes and 29 tonnes of gold, respectively, in the first two months of 2025. Traders will next keep a close eye on the release of the US producer price index (PPI) for February, initial jobless claims and the University of Michigan consumer sentiment data. OANDA:XAUUSD technical outlook analysis On the daily chart, as of the time of writing, gold has achieved all the bullish targets noted by readers in the weekly publication, along with all the conditions for the possibility of a price increase when there is no more resistance ahead other than the all-time high. The short-term price channel is noted as the trend at the moment, along with the Relative Strength Index RSI maintaining above 50, surpassing 61, showing that the bullish momentum dominates the market and there is still a lot of room for price increase ahead because it is still quite far from reaching the overbought area. The most notable supports now are the $2,929 level in the short term, followed by the EMA21 area. Overall, the uptrend is dominating on the daily chart, with notable price levels listed below. Support: $2,929 – $2,915 Resistance: $2,956 SELL XAUUSD PRICE 2761 - 2974⚡️ ↠↠ Stoploss 2980 →Take Profit 1 2968 ↨ →Take Profit 2 2962 BUY XAUUSD PRICE 2904 - 2906⚡️ ↠↠ Stoploss 2900 →Take Profit 1 2912 ↨ →Take Profit 2 2918
OANDA:XAUUSDLong
by Xayah_trading
1
GOLD recovers and stays above $2,900, pay attention to CPI dataOANDA:XAUUSD rebounded, driven mainly by safe-haven flows as trade war concerns dampened market risk sentiment and markets focused on US inflation data. TVC:DXY hit a four-month low, making gold more attractive. Meanwhile, the main event of the week is the US CPI report today (March 12), which could cause major market moves. Positive data could lead to a sharp sell-off in gold, while weak data could give the green light for further gains in gold. CPI is expected to have risen 0.3% in February, according to a Reuters poll. The New York Federal Reserve's latest consumer expectations survey forecasts inflation at 3.1% over the next year, up slightly from 3% in January. Markets are now expecting the Federal Reserve to cut interest rates in June. Technical Outlook Analysis OANDA:XAUUSD On the daily chart, in terms of trend, gold is still in the accumulation phase after recovering from the $2,880 level noted by readers in the previous editions and the break above the $2,900 level provides conditions for further testing of the $2,929 level in the short term. For now, gold is still trading around the EMA21 and is still in a consolidation state, but in terms of technical conditions, it is more likely to increase in price. With the price channel as a short-term trend, and the RSI activity above 50, quite far from the overbought zone, it shows that the bullish momentum is still ahead. However, the technical chart still needs a strong impact to break the current accumulation structure. And during the day, the notable positions will be listed as follows. Support: 2,900 - 2,880 USD Resistance: 2,929 - 2,942 USD SELL XAUUSD PRICE 2961 - 2959⚡️ ↠↠ Stoploss 2965 →Take Profit 1 2953 ↨ →Take Profit 2 2947 BUY XAUUSD PRICE 2899 - 2901⚡️ ↠↠ Stoploss 2895 →Take Profit 1 2907 ↨ →Take Profit 2 2913
OANDA:XAUUSDLong
by Xayah_trading