Gold
GOLD ROUTE MAP UPDATEHey Everyone,
We started the week with our Bearish target hit first at 2901, which gave multiple weighted level bounces of 30 pips plus. We were able to capitalise on these bounces, inline with our plans to buy dips.
We are now seeing price breakout of the 2901 Goldturn level and ema5 is about to lock. We will wait to confirm a lock for the continuation into the retracement level for further weighted level bounces. Failure to lock below 2901 will see a re-test back into the upper Goldturn.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2922
EMA5 CROSS AND LOCK ABOVE 2922 WILL OPEN THE FOLLOWING BULLISH TARGET
2947
EMA5 CROSS AND LOCK ABOVE 2947 WILL OPEN THE FOLLOWING BULLISH TARGET
2968
BEARISH TARGETS
2901 - DONE
EMA5 CROSS AND LOCK BELOW 2901 WILL OPEN THE FOLLOWING RETRACEMENT RANGE
2878 - 2851
EMA5 CROSS AND LOCK BELOW 2851 WILL OPEN THE SWING RANGE
SWING RANGE
2820 - 2796
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD Technical Analysis! BUY!
My dear friends,
My technical analysis for GOLD is below:
The market is trading on 2604.7 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 2617.6
Recommended Stop Loss - 2897.7
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
GOLD INTRADAY Key Trading Level at 2,900Key Support and Resistance Levels
Key Trading Level: 2,900
Resistance Level 1: 2,927 (intraday swing high and trendline resistance)
Resistance Level 2: 2,940
Resistance Level 3: 2,955
Support Level 1: 2,870
Support Level 2: 2,830
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Gold looks ready for a sell off toward 2860Currently, the price of gold is at the Point of Control (POC) level, which suggests that we may see some weakness in the market. Based on my analysis, I expect a pullback towards the 2860 level. This is supported by a Wyckoff distribution pattern that indicates sellers are gaining strength, especially since we've observed a lower high around the 2906 level.
Stay tuned for more updates!
RSI is oversold, suggesting a bottom-picking signalAlthough the unexpected cold non-farm data last Friday failed to push gold prices above the key resistance of $2,930, the logic of gold's rise has not been shaken - the five core supporting factors of global central banks' increased holdings, continued inflows of ETFs, surge in demand for physical gold, deepening of the U.S. debt crisis and excessive money supply are constantly consolidating the long-term bull market foundation of gold. From a technical perspective, the daily MACD maintains a golden cross and the energy column expands. The weekly big positive line has established a medium-term upward trend. 2,990 is only the first target, and 3,000 or even higher may become the new normal.
The short-term market is in a volatile adjustment, but this is a necessary accumulation stage for a healthy rise. The current gold price is repeatedly pulling back in the range of 2,918-2,890, which is essentially a process of digesting previous profit-taking and waiting for new catalytic events. If it can effectively stand firm at the key support of $2,890, it is expected to restart the upward trend and challenge the historical high. It is worth noting that against the backdrop of the continued rise in expectations of the Fed's interest rate cuts, the spillover of geopolitical conflict risks and high global inflation, the dual attributes of gold's "anti-inflation + safe-haven" will continue to attract capital inflows. The general trend is still mainly to go long after falling back to lows.
Gold strategy suggestion: continue to go long after falling back to around 2900-2910.
SPY/QQQ Plan Your Trade For 3-10-25: Gap/BreakawayToday's Gap Breakaway pattern suggests the markets will attempt to gap at the open, then move into a breakaway trending phase.
Given the downward price trend currently in place, I believe the markets will gap downward, then possibly attempt to move higher as we pause above the 568 (pre-election) support level.
Ultimately, I see the markets entering a brief pause/sideways price trend (maybe 2 to 5 days) before rolling downward again into the April 14 and May 2 base/bottom patterns.
I see very little support in the markets right now - other than a potential BOUNCE setup this week and into early next week.
I'm not suggesting this bounce will be a very big bullish price reversion. My upper levels are still in the 590 to 600 area for the SPY. But I do believe the markets are likely to try to find support near the 565-575 level.
Gold and silver will move into a Harami Pattern today (sideways consolidation). I don't expect much related to a big move in metals today.
Bitcoin is still consolidating in a very wide range. I expect the next move for Bitcoin to be a bit higher over the next 3-5+ days, so I believe the SPY/QQQ may trend a bit higher for about 3-5 days.
Overall, I suggest traders stay very cautious of volatility this week. Obviously, the trend is still bearish and the current EPP phase setups suggests we are consolidating into a sideways channel before moving downward seeking the Ultimate Low patterns.
Therefore, any bounce/pause in price will be very short-lived.
Get some.
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Amid Price Uncertainty, Gold Straddle Paves the PathYellow metal prices have soared. It has been setting several new all-time highs with futures trading just shy of the USD 3,000/oz level. However, gold has struggled to breach past the crucial mark despite multiple attempts.
Some data points suggest that the rally in gold might be losing steam even though fundamental demand drivers remain intact.
A nuanced position is required at times like this. Options are tailored to help portfolio managers to position shrewdly in such dicey situations.
GEOPOLITICAL RISK IS PERSISTENTLY ELEVATED IN THE NEW WORLD ORDER
The Geopolitical Risk Index (GPR) remains above one hundred since 2022 which reflects sustained global uncertainty driven by ongoing geopolitical tensions. This trend has persisted for years, with recent tariff-related uncertainty adding fuel to this fire.
Data Source: Economic Policy Uncertainty
Gold, as a safe haven asset, benefits from these conditions. However, the recent bond selloff has driven Treasury rates higher which could potentially reduce demand for gold as it is a non-yielding asset.
CENTRAL BANKS ARE LOADING ON RISING GLOBAL TRADE UNCERTAINTIES
Central banks are resuming gold purchases, with January showing an uptick, albeit below the 2024 average. The accelerating pace could signal further momentum, particularly amid rising global trade uncertainty.
Data Source: WGC
China resumed gold buying in November 2024 following a six-month hiatus. China was one of the largest buyers in 2023 and a repeat of that in 2025 will see a sharp demand spike.
LARGE GOLD FLOWS INTO THE US
The large financial institutions which serve as counterparties in the futures market have been importing significant quantities of physical gold to the US. The recent flows have surpassed levels seen during COVID pandemic.
Physical imports have been driven by fears of a tariff on gold imports. However, the pace of imports has slowed down and is starting to plateau.
Looking back at 2020, when similar conditions arose, prices remained stagnant after the sharp rally driven by physical gold imports. The risk of a repeating pattern is even more potent given the strong resistance at the USD 3,000/oz level. A strong driver may be required to allow prices to cross this threshold.
Chart Source: WGC
Another factor contributing to the temporary physical supply shock is the refining process required before gold reaches the U.S.
The physical gold reserves held in London for Good Delivery are the 400-oz bars, which must be refined into 1-kilo bars for CME delivery. This process requires an intermediate stop in Switzerland, adding delays that exacerbate supply constraints.
However, as the additional refined metals reach the U.S. in the coming weeks, supply is expected to normalize, potentially putting downward pressure on prices.
Chart Source: WGC
Other supply stress indicators are easing. Gold leasing rates, which reflect the cost of borrowing for physical use, recently surged above 5%, with near-term borrowing costs rising sharply. Leasing rates have returned to normal, albeit slightly elevated.
TECHNICAL SIGNALS POINT TO STRONG MOMENTUM ENCOUNTERING RESISTANCE
The summary below suggests a bullish stance in gold but prices are encountering resistance. Over the past month, prices have faced strong resistance at the USD 3,000 level despite a strongly bullish sentiment.
The resistance formed after a stunning rally which pushed gold into overbought territory, a correction at this stage is expected.
Should momentum fade, gold prices may continue to consolidate between present levels and the 100-day moving average.
Gold futures prices formed a death-cross on 5th March 2025 which may fuel a near term price correction.
GOLD VOLATILITY IS NOT LOW BUT CAN RISE HIGHER IF CONDITIONS TURNS TENSE
Gold Volatility as measured by CME’s Gold CVol printed a high of 50.13 on 18th March 2020 and a low of 8.18 on 3rd May 2019.
Presently hovering at 16.35, the implied volatility in gold is not too low but below average with the potential to spike higher should geopolitical or other shocks rock the market.
Source: CME CVol
HYPOTHETICAL TRADE SETUP
Fundamentals remain intact and could intensify if tariff and/or geopolitical tensions peak. That said, the phenomenal gold rally is starting to lose shine as it encounters strong resistance with death cross forming on 5th March 2025.
Supply shocks that fueled the rally in Feb are now fading.
Equity risks are elevated with expensive S&P 500 P/E multiples. Geopolitical and trade risk remain tense. These conditions support a further bullish position in gold.
With prices expected to swing either way, portfolio managers are best positioned to have a convex position that gains from sharp moves in either direction.
To express this ambivalent view on the path ahead for gold prices, portfolio managers can utilize CME Micro Gold Options to establish a long straddle (combination of long put & long call) that gains from (a) deep pull back in prices (puts gain in value), or (b) sharp rally (calls deliver the gains), and (c) implied volatility expansion (where both puts & calls gain in value).
Conversely, this trade will incur losses if prices remain flat and if volatility shrinks.
The pay-off of the hypothetical long straddle set up using CME Micro Gold Options June 2025 contract expiring on 27th May 2025 is illustrated below.
The long call at a strike of 2,945 will cost USD 84.9 per lot and the long put at the same strike will cost USD 86.9 per lot adding up to USD 171.80 per lot in total premiums. The long straddle will generate positive returns at expiry if the underlying futures prices are (a) above the upper break even point of USD 3,116.80/oz, or (b) below the lower break even point of USD 2,732.20/oz.
Source: QuikStrike Strategy Simulator
If the underlying futures prices stay within the break-even points, this straddle is exposed to a maximum loss of USD 171.80/lot representing the total premium. Happy Investing.
MARKET DATA
CME Real-time Market Data helps identify trading set-ups and express market views better. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme .
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Trading or investment ideas cited here are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management or trading under the market scenarios being discussed. Please read the FULL DISCLAIMER the link to which is provided in our profile description.
XAUUSD One more push to 3100 to price the Top.Gold (XAUUSD) continues to trade within its 2025 Channel Up, in fact the uptrend started a little bit sooner on the November 14 2024 bottom. As we've mentioned before and you can see again today, this is a recurring pattern which has been in effect since October 2022, the bottom of the Inflation Crisis.
This involves the market forming Channel Up patterns of around +20% price increase, which are supported by the 1D MA50 (blue trend-line) and when that breaks, they bottom around the 0.382 Fibonacci retracement level and then turn into a buy opportunity for the next Channel Up.
The 1D RSI Double Tops and signals the price (Channel Up) High. It's first Top is where Gold is right now, typically within the 0.5 - 0.382 Fib Zone. The only time it was above the 0.382 Fib, was when it rose by +22%. As a result, we expect a similar course and a price peak around $3100 but the most effective sell signal remains when the 1D RSI Double Tops.
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Seize the opportunity to go long on goldFrom the trend point of view. Comparing the long and short positions, the long position is still slightly stronger. At present, the gold price fluctuates in a narrow range around 2905. There is no major news to boost or suppress the gold price in the short term. From the trend point of view, it is obvious that the rebound of gold is not enough to support the rebound and continuation of the breakthrough of gold. Therefore, after consuming a certain amount of short-selling power, the bulls will regain control of the situation, and there will be very good trading opportunities for long gold. Now we are long gold around 2905-2910. The target is 2915-2920 area, wish us good luck! Brothers, are you following me to go long on gold?
GOLD - Price can exit of triangle and then drop to support levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A few moments ago, the price entered a wedge, bounced from the support line, and rose to the resistance area.
Also, price breaking $2845 level and then it turned around and made correction from resistance area to support line.
Then Gold rose to resistance area again, where it some time traded and then dropped to support level.
Thereby price broke $2935 level and exited from a wedge, after which it started to trades inside a triangle.
In this pattern, price made a gap and then rose to resistance line of the triangle, after which made correction.
Now, I think that Gold can exit from a triangle and then start to decline to $2860
If this post is useful to you, you can support me with like/boost and advice in comments❤️
XAUUSD: 10/3 Today's Market Analysis and StrategyGold technical analysis
Daily chart resistance 2957, support below 2892
Four-hour chart resistance 2930, support below 2887
One-hour chart resistance 2930, support below 2897
Gold news analysis: Gold prices have fluctuated at high levels for three consecutive trading days, but the weekly line is still up 1.85%, helped by safe-haven inflows and the US employment report showed that job growth in February was lower than expected, suggesting that the Federal Reserve is expected to cut interest rates this year. In addition, the volatile tariff policy of US President Trump has also increased uncertainty. The US dollar index fell to a four-month low last week and will record its biggest weekly drop since November 2022, making gold priced in US dollars cheaper for foreign buyers. The market's focus is on the upcoming Federal Reserve meeting. The Fed's forecasts and NFP data will be key drivers. In addition, inflation reports and retail sales data will also provide more clues to the market. Although the Fed may remain on the sidelines, there is still uncertainty about the impact of tariff policies on the dollar and the economy.
Gold operation suggestions: Last Friday, the overall technical side of gold did not show a breakthrough in the long and short directions. Instead, under the influence of the positive NFP employment data, the price rose again to 2930 and then fell back, and the overall pattern remained volatile.
From the current trend analysis, we focus on the support of 2897 in the one-hour chart and 2887 in the four-hour chart below, and the resistance of 2930-35 above. In terms of operation, we are still waiting for a decline to buy. Short-term trading can be around this range to sell high and buy low. Once a breakthrough occurs, we need to follow the trend and wait patiently for key points to enter the market.
BUY:2892near SL:2887
SELL:2930near SL:2935
SELL:2885near SL:2890
GOLD BEST PLACE TO BUY FROM|LONG
Hello, Friends!
GOLD is making a bearish pullback on the 1H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 2,920.193 level.
✅LIKE AND COMMENT MY IDEAS✅
Donald Trump is supporting gold prices more than any factor FedWorld gold prices increased in the context of the USD's decline. Recorded at 8:45 a.m. on March 10, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 103.632 points (down 0.17%).
This week, market sentiment has changed significantly compared to last week, especially from the Wall Street experts. In the previous survey, only 21% of experts predicted that gold prices would increase, while 64% said that prices would decrease.
However, this week, the percentage of experts expecting gold to increase jumped to 67%, while only 5% predicted a decrease - a significant change reflecting a reversal in analysts' views.
The percentage of investors predicting gold prices to rise has increased from 45% to 67%, while the number of those expecting prices to fall has decreased from 28% to 18%.
Notably, the number of participants in this week's survey reached 251 people - the highest level in 2025, showing greater investor interest in the gold market.
Jim Wyckoff - senior analyst at Kitco - affirmed that gold prices will continue to maintain an upward trend thanks to increasing geopolitical instability. "The gold price trend remains steady, thanks to positive technical indicators and increasing geopolitical uncertainties, especially the impact of the US President Donald Trump's administration."
XAU/USD 4H Analysis: Key Support, Resistance & Breakout TargetsKey Levels Identified:
Support Zone (~2,875-2,885) 🟣
This is a strong area where price previously bounced.
If price falls below this level, it could drop further toward the next support.
Resistance Zone (~2,915-2,925) 🟣
Price is currently consolidating around this level.
A breakout above resistance could push the price toward the target.
Target (~2,950) 🎯
If the price breaks above resistance, the next key level is around 2,950.
Potential Scenarios:
📈 Bullish Scenario:
If price breaks above resistance, expect an upward move toward the target (2,950).
Confirmation would come with strong volume and bullish candlestick patterns.
📉 Bearish Scenario:
If price fails to hold above support, a drop toward 2,825-2,835 is possible.
A strong bearish candle closing below support would confirm this move.
Current Trend:
The price has been moving in a sideways consolidation between support and resistance.
Watch for a breakout in either direction for the next big move.
Gold H1 | Falling toward an overlap supportGold (XAU/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 2,893.52 which is an overlap support that aligns with the 38.2% Fibonacci retracement.
Stop loss is at 2,875.00 which is a level that lies underneath a swing-low support and the 50.0% Fibonacci retracement.
Take profit is at 2,927.81 which is an overlap resistance that aligns with the 78.6% Fibonacci retracement.
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Gold is expected to break out of the current rangeThe daily chart shows that the international gold price has fallen into a high-level shock consolidation trend after rebounding from a one-month low. The current price is repeatedly sawing in the 2900-2930 range, and the market's long and short forces tend to be balanced. Technical indicators show subtle differentiation: the 5-day moving average and the 10-day moving average form a dead cross and then turn upward, suggesting that there are signs of stabilization in the short term; the momentum of the MACD indicator candle chart continues to shrink, but the dead cross rhythm has slowed down; the KDJ indicator forms a low-level golden cross, and the RSI indicator rebounds from the oversold area, indicating that market sentiment is turning from pessimism to cautious optimism. However, the upper 2930 area gathers multiple pressures-this position is both the rebound high last Friday and the key resistance level of the previous failed breakthrough, suppressing the further upward space of gold prices.
In terms of fundamentals, the US non-farm payrolls data in February was unexpectedly lower than expected, reinforcing the market's expectations for the Fed to cut interest rates this year. Historical experience shows that interest rate cut cycles are often beneficial to interest-free assets such as gold, which provides medium- and long-term support for gold prices. But in the short term, the market still needs to wait for more economic data to verify the Fed's policy stance. During this period, gold prices are more susceptible to fluctuations in the US dollar index and changes in US bond yields.
Focus on the key support level of 2900 above $2930 as the primary pressure target. If US economic data continues to weaken, gold prices are expected to break through the current range of fluctuations and retest last year's highs. Operational advice: Go long near 2905-2910, target 2915-2920.
GC - Golden Rocketship To The U-MLHWe got on the Rocket-Ship earlier and took profit.
If you're still in with a position, or if you can manage to get in with a decent Risk/Reward, you may want to aim for the U-MLH.
The Stars look good and profits are twinkling §8-)
If the 1/4 line is cracked, we will see a follow-through.
GOLD falls slightly as Dollar recovers, news, main trendsOANDA:XAUUSD has just dropped to around $2,912/ounce, down nearly $10 from the intraday high of $2,918/ounce reached earlier in the session.
The recovery of the US Dollar can be seen as the current pressure causing gold prices to slightly decline from the intraday high.
Overview of data and event news
The Labor Department report showed the U.S. economy added 151,000 jobs in February, compared with economists polled by Reuters who expected a gain of 160,000, and the unemployment rate was 4.1%, compared with expectations of 4%.
Federal Reserve Chairman Jerome Powell said early Friday that the Fed would take a cautious approach to easing monetary policy, adding that the economy “remains in good shape.”
While gold is a hedge against inflation, rising interest rates could reduce the appeal of non-yielding bullion.
The market is now expecting the Fed to continue cutting interest rates starting in June, with a total of 76 basis points of interest rate cuts over the rest of the year.
Market attention is focused on the upcoming Federal Reserve meeting. In addition, inflation reports and retail sales data will also provide additional guidance for market trends in general and the gold market in particular.
On the daily chart, gold is generally still in the accumulation phase with the positioning conditions tilted towards the upside.
The short-term trend is highlighted by the price channel, while the nearest support is the EMA21 and the technical level of 2,900 USD. At the raw price point of 2,900 USD, it also created significant price increases in the last 2 days of the weekend.
The relative strength index is facing some resistance from the 61 level noted in the previous issue, where once the RSI breaks this level it will continue to head towards the oversold zone which is a signal that will facilitate the possibility of gold price increasing in terms of momentum.
In the coming time, as long as gold remains above 2,900 USD, it will still tend to be bullish in the short term, and the target continues to be the all-time high or higher.
The notable technical price points will be listed as follows.
Support: 2,900 – 2,880 – 2,868 USD
Resistance: 2,929 – 2,942 – 2,956 USD
SELL XAUUSD PRICE 2956 - 2954⚡️
↠↠ Stoploss 2960
→Take Profit 1 2948
↨
→Take Profit 2 2942
BUY XAUUSD PRICE 2877 - 2879⚡️
↠↠ Stoploss 2873
→Take Profit 1 2885
↨
→Take Profit 2 2891
Gold maintains box oscillation structureSpot gold fluctuated in a narrow range in early Asian trading on Monday, currently trading around $2,911 per ounce. Gold prices had fluctuated at high levels for three consecutive trading days, but still rose 1.85% on a weekly basis, helped by safe-haven inflows and a U.S. jobs report showing lower-than-expected job growth in February, suggesting that the Federal Reserve is expected to cut interest rates this year. In addition, the volatile tariff policy of U.S. President Trump has also increased market uncertainty.
Federal Reserve Chairman Powell said earlier on Friday that the Fed will be cautious about easing monetary policy, adding that the economy is "still in good shape" at the moment.
The easing of geopolitical tensions also limited the rise in gold prices, with some progress in a possible ceasefire agreement between Ukraine and Russia. In the Middle East, U.S. President Trump continued to pressure Hamas to release hostages. Meanwhile, according to the World Gold Council, the People's Bank of China continued to buy gold. The People's Bank of China increased its holdings by 10 tons of gold in the first two months of 2025. However, the largest buyer was the Polish central bank, which added 29 tons of gold reserves, the largest purchase since it bought 95 tons of gold in June 2019.
Overall, the rise in gold prices last week once again highlighted its importance as a safe-haven asset. Although the market may face consolidation in the short term, geopolitical risks, inflation concerns and uncertainty about the Fed's policy will continue to support gold demand. The focus of the market is on the upcoming Fed meeting. In addition, inflation reports and retail sales data will also provide more clues to the market.
Gold maintains a wide range of shocks. The weekly line continues to maintain an upward trend structure, and the running price retreats above the MA7 daily moving average and closes higher. The daily chart continues to be cross-shaped. Gold rose sharply above the 2930 mark in the late trading and then formed a high-rise fall. It continues to maintain a wide range of shocks at a high level, and the long and short market will not continue to consolidate.
At present, the MA10/7 daily moving average of the daily chart is at 2902, and the Bollinger Bands are gradually shrinking, with the upper rail at 2956 and the lower rail at 2867. The gold price in the Asian session is at the Bollinger Band middle rail price at 2912. The short-term four-hour chart also shows that the Bollinger Bands continue to close the upper rail at 2927 and the lower rail at 2900. The RSI indicator is in the middle axis 50 value consolidation, and the K-line pattern is alternating between long and short cycles.
The Asian session gold price continues the rebound trend of the NFP market. There are only two operating points in the Asian session. One is to wait for the gold price to continue to rise and reach the pressure of the 2930 range to sell, and the other is to wait for the gold price to adjust and reach the 2900 range to buy. However, the rebound is expected to reach the pressure of the upper 2930 line first, so the opportunity for us to go short is greater than that for going long. At present, the gold price is at the middle level of the range and needs to continue to wait!
Key points:
First support: 2903, second support: 2892, third support: 2882
First resistance: 2920, second resistance: 2928, third resistance: 2940
Operation ideas:
Buy: 2903-2905, SL: 2894, TP: 2920-2930;
Sell: 2929-2931, SL: 2940, TP: 2910-2900;
Gold Intraday Expectations Long/BuyGold trading at 2904.xx when we were publishing the analysis.
Gold has challenged PDL 2894 moved below to 2892.xx and bounced sharply to 2905 by now. As per our readings we have 2 important levels today to watch, one is 2992 that is under the consideration that it may break down if gold remains below 2916 and fall towards 2877/2871 can open that can be considered a good buying range/level. On the upside we expect gold can challenge PDH at 2929.
Our analysis suggests fall around 2877/2871 is possible that can be bearish target and from where bounce to 2916/2929 is possible that our Main Goal/Target for now.
Trade as per your plan and if you like our idea do share your feedback.