Safe Haven Demand - Gold Makes New ATH 3089⭐️GOLDEN INFORMATION:
This triggered swift responses from global leaders, with Canada and the European Union (EU) vowing to retaliate against President Trump’s trade measures.
In the US, the labor market remains resilient, as reflected in the latest unemployment claims report, while the economy continues to show strength following the release of fourth-quarter 2024 Gross Domestic Product (GDP) data. Although housing data saw some improvement, it confirmed the broader slowdown in the sector.
Meanwhile, money markets have factored in 64.5 basis points of Federal Reserve rate cuts for 2025, according to interest rate probabilities from Prime Market Terminal.
⭐️Personal comments NOVA:
growth, gold becomes a safe haven investment channel. continue to create new ATH
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $3088 - $3090 SL $3095
TP1: $3080
TP2: $3070
TP3: $3060
🔥BUY GOLD zone: SCALPING: 3066, 3057
🔥BUY GOLD zone: $3034 - $3032 SL $3027
TP1: $3040
TP2: $3050
TP3: $3060
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
Longgold
breakout - gold price rebounds 3045⭐️GOLDEN INFORMATION:
Gold prices remained stagnant late in the North American session, constrained by a rebound in the US Dollar Index (DXY), which initially dipped to 104.18 before recovering. The turnaround came after the White House confirmed that President Donald Trump would unveil new automobile tariffs around 22:00 GMT. As of writing, XAU/USD is trading at $3,019, showing little change.
Despite reports from The Wall Street Journal suggesting that Trump may introduce limited tariff measures, including on automobiles, bullion traders struggled to find momentum. Meanwhile, the DXY, which measures the Greenback against a basket of six major currencies, climbed 0.32% to 104.55, further weighing on gold’s appeal.
⭐️Personal comments NOVA:
Gold price recovers, breakout of H1 frame. With the latest 25% car tax policy, gold price reacts strongly and increases again.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $3045 - $3047 SL $3052
TP1: $3038
TP2: $3030
TP3: $3020
🔥BUY GOLD zone: $3023 - $3021 SL $3016
TP1: $3030
TP2: $3040
TP3: $3057
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
XAU/USD - Overwhelming Buying Power - ATH 3100?🔔🔔🔔 Gold news:
👉 Gold prices surged to a new all-time high above $3,070 during Asian trading on Friday as escalating global trade tensions, uncertainty over Trump's reciprocal tariffs, and risk-off sentiment continued to drive safe-haven demand. Expectations that the Federal Reserve may soon resume its rate-cutting cycle further supported bullion.
👉 Despite recent economic data indicating the U.S. economy remains strong, concerns over tariffs overshadowed optimism, leading to a decline in the U.S. dollar and Treasury yields while pushing gold prices higher.
Personal opinion:
👉 Gold continued to rally strongly during the Asian session. Currently, buyers are taking profits and there is a possibility that prices will decline.
👉RSI entered the overbought zone and showed signs of divergence, further increasing this possibility. Therefore, waiting for prices to decline and buying at a profit is a positive decision. Limit selling at this time because it is very risky. The target of 3100 is not far away and will be achieved soon in the near future.
👉 Analysis based on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy.
Resistance zone: 3078 - 3100
Support zone: 3047 - 3060
Plan:
🔆 Price Zone Setup:
👉Buy Gold 3059- 3062 ( Scalping)
❌SL: 3054 | ✅TP: 3067 - 3075 - 3082
👉Buy Gold 3045- 3047
❌SL: 3040 | ✅TP: 3052 - 3057 - 3065
👉Sell Gold 3100 - 3097
❌SL: 3104 | ✅TP: 3094 – 3088 – 3080
FM wishes you a successful trading day 💰💰💰
Gold Trend Today - Latest News on Gold Price Increase🔔🔔🔔 Gold news:
👉Trump's continued imposition of auto tariffs is escalating the trade war, with industry experts predicting higher prices and disruptions in production. Auto manufacturers' stocks declined in after-hours trading, yet the overall market trend remained strong this morning.
👉Gold prices regained positive momentum on Thursday as rising trade tensions boosted demand for safe-haven assets. A slight pullback in the USD from multi-week highs and expectations of Fed rate cuts also supported the XAU/USD pair.
👉Moreover, concerns over a potential U.S. economic slowdown resurfaced as traders assessed the impact of Trump's tariffs, diminishing the traditional reserve value of gold at the expense of the U.S. dollar.
Personal opinion:
👉Gold has regained its main bullish momentum after fresh impetus from Trump. Technical pullbacks are good times to buy gold at good prices. Consider technical support zones for the best returns.
👉Analysis based on important resistance - support levels and Fibonacci combined with SMA to come up with a suitable strategy.
Resistance zone: 3039 - 3045 - 3058
Support zone: 3020 - 3013 - 3000
Plan:
🔆 Price Zone Setup:
👉Sell Gold 3045- 3047 (Scalping)
❌SL: 3051 | ✅TP: 3042 - 3039 - 3035
👉Sell Gold 3056- 3058
❌SL: 3063 | ✅TP: 3051 - 3045 - 3040
👉Buy Gold 3020 - 3022
❌SL: 2915 | ✅TP: 3027 – 3034 – 3040
FM wishes you a successful trading day 💰💰💰
Start adjusting before April tariff policy ! XAU ✍️ NOVA hello everyone, Let's comment on gold price next week from 03/24/2025 - 03/28/2025
🔥 World situation:
Gold prices decline for the second consecutive day but remain on track to close the week in positive territory, despite a stronger US Dollar (USD) and profit-taking ahead of the weekend. XAU/USD is currently trading at $3,019, down 0.81%.
Market sentiment remains cautious, though US equities are paring earlier losses. Meanwhile, bullion stays on the defensive as the USD regains momentum, with the US Dollar Index (DXY) edging up to 104.05, marking a 0.24% increase.
🔥 Identify:
Gold prices are in a short-term downtrend in the H4 frame, adjusting at the end of March, accumulating before tax policies in early April 2025.
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $3057, $3080
Support : $2982, $2910
🔥 NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
XAU/USD - Head and shoulders pattern appears ?🔔🔔🔔 Gold news:
👉The price of gold (XAU/USD) remains firm around $2,985 after pulling back from its record high of $3,005 during the early Asian session on Monday. The weaker US Dollar and concerns about global economic uncertainty amid a potential trade war continue to support the precious metal. Investors are now focused on the upcoming US February Retail Sales data, set to be released later on Monday.
Personal opinion:
👉Gold prices remain in a long-term uptrend due to economic, political and war information in many regions
👉However, in the short term, gold prices will have a correction to gain momentum for the next main trend
👉Technically, gold is forming a head and shoulders pattern when it cannot break the old peak of 3005. Therefore, in the short term, there will be a decline. But gold will find it difficult to fall deeply, so be careful to limit selling.
Analysis:
👉Based on important resistance - support levels combined with trend lines and price action to come up with a suitable strategy
Resistance zone: 2994 -3005-3020
Support zone: 2980 - 2971 - 2956
Plan:
🔆 Price Zone Setup:
👉Buy Gold 2,970 - 2,973 (Scalping)
❌SL: 2,975 | ✅TP: 2,983 - 2,986 - 2,990
👉Buy Gold 2,955 - 2,957
❌SL: 2,950 | ✅TP: 2,962 – 2,967 – 2,980
👉Sell Gold 3,010 – 3,012 (Scalping)
❌SL: 3,016 | ✅TP: 3,007 – 3,004 – 3,000
👉Sell Gold 3,019 – 3,021
❌SL: 3,025 | ✅TP: 3,015 – 3,0010 – 3,005
FM wishes you a successful trading day 💰💰💰
Gold Trend in European and US Sessions Today - New ATH?🔔🔔🔔 Gold news:
➡️Gold prices have surged past $3,000, reaching record highs early Tuesday as geopolitical tensions in the Middle East escalate. Israel has resumed military operations in Gaza after Hamas rejected US-backed ceasefire proposals. Additionally, growing friction between the US and Iran is further fueling demand for gold as a safe-haven asset.
Personal opinion:
➡️There are too many drivers to push the gold price up from economics - politics - war. Therefore, the uptrend is almost certain to continue
➡️However, there will be a slight pullback, because:
🔆 DXY's RSI (1D) is entering the oversold zone and showing signs of slight convergence, so this will be a sign for DXY to rebound
🔆XAU/USD's RSI (1H) is also entering the overbought zone and showing signs of divergence, so gold may decline in the short term.
Analysis:
➡️ Based on important resistance - support and Fibonacci levels combined with Pivot points to come up with a suitable strategy
Plan:
🔆 Price Zone Setup:
👉Sell Gold 3021- 3023 (European session)
❌SL: 3028 | ✅TP: 3017 – 3012 – 3007
👉Sell Gold 3033- 3035
❌SL: 3038 | ✅TP: 3028 – 3023 – 3018
👉Buy Gold 3001- 3003
❌SL: 2997 | ✅TP: 3008 – 3013 – 3018
FM wishes you a successful trading day 💰💰💰
Too much news to support gold price increase - reaching new ATH?🔔🔔🔔 Gold news:
👉Gold prices surged to a new record high of $3,056 on Thursday as Federal Reserve Chair Jerome Powell spoke following the Fed's decision to keep interest rates unchanged. The Fed maintains rates at 4.25%-4.50% and announced adjustments to its balance sheet, expected to resume in April. While accelerating that labor market conditions remain solid, the Fed noted that inflation is still "somewhat" elevated and reaffirmed its commitment to monitoring risks on both sides of its dual mandate.
👉Meanwhile, the U.S. economy is projected to slow below the 2% threshold, indicating increased vulnerability amid President Donald Trump’s trade policies.
👉After the central bank's decision, Powell addressed the public, stating that "uncertainty surrounding the economic outlook has risen" and adding that some tariff-related inflation has been passed on to consumers. He emphasized that "our current policy stance is well-positioned to address the risks and uncertainties we are facing."
Personal analysis:
👉There is too much news supporting the uptrend of gold, so consider buying rather than selling.
👉XAU/USD RSI is showing signs of divergence after entering the extreme overbought zone, so wait for a technical pullback and buy at a cheaper price
👉EMA34(1H) is doing well its support level and this is a strong support level
👉Based on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy
Resistance zone: 3056 - 3070
Support zone: 3037 - 3025 - 3000
Plan:
🔆 Price Zone Setup:
👉Sell Gold 3068- 3070
❌SL: 3075 | ✅TP: 3063 – 3058 – 3050
👉Sell Gold 3057- 3055 (Scalping)
❌SL: 3060 | ✅TP: 3052 – 3049 – 3045
👉Buy Gold 3037- 3039
❌SL: 3032 | ✅TP: 3044 – 3049 – 3055
FM wishes you a successful trading day 💰💰💰
When will the gold price adjust down?⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) enter a phase of bullish consolidation near their record high, as traders take a cautious stance ahead of the highly anticipated Federal Open Market Committee (FOMC) policy decision on Wednesday. The consensus widely expects the Federal Reserve (Fed) to maintain the federal funds rate within its current range of 4.25% to 4.50%. Consequently, market attention will be centered on the Fed’s updated economic projections and Chair Jerome Powell’s post-meeting remarks, which could offer crucial insights into the future trajectory of interest rate cuts. These developments will be instrumental in shaping US Dollar (USD) movements and influencing gold’s next directional move.
⭐️Personal comments NOVA:
continue to grow, long term uptrend
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $3058 - $3060 SL $3065
TP1: $3050
TP2: $3040
TP3: $3030
🔥SELL GOLD zone: $3044 - $3046 SL $3049
TP1: $3040
TP2: $3030
TP3: $3020
🔥BUY GOLD zone: $3004 - $3002 SL $2997
TP1: $3010
TP2: $3020
TP3: $3030
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
Gold Trend Today - Continue to Increase?🔔🔔🔔 Gold news:
➡️ Gold prices have been at the 2900 - 2930 level for a long time, creating strong pressure for gold to break out in the US session yesterday.
➡️ In addition, 2 Weak economic data CPI and PPI of the US along with other weak data and the spreading trade war are the buttons to remove the strong increase of gold to 2990 (+1.95%)
➡️ On the other hand, weak CPI and PPI of the US show that the economy is slowing down, reinforcing concerns about the possibility of recession due to the recent weakness of US fundamentals. making the Fed's interest rate cut expectations also make Gold positive but buyers become cautious in the context of the US dollar and US treasury bond yields rising again.
Personal analysis:
➡️Gold will continue to maintain the uptrend, and the strong psychological target at 3,000 is not far away
➡️However, RSI (1H) enters the extreme level of 82 and is showing signs of divergence, so gold will have a short-term decline today. You should wait for gold's recovery to buy at a good price.
➡️ Analysis based on important resistance - support levels and Fibonacci combined with Pivot points to come up with a suitable strategy
Resistance zone: 2990 3000 3018
Support zone: 2973 2956
Plan:
🔆 Price Zone Setup:
👉Buy Gold 2.973 - 2.970 (European session)
❌SL: 2.965 | ✅TP: 2.979 - 2.985 - 2.995
👉Buy Gold 2.954 - 2.956
❌SL: 2.949 | ✅TP: 2,960 – 2,965 – 2,970
👉Sell Gold 3,018 – 3,020
❌SL: 3,025 | ✅TP: 3,014 – 3,010 – 3,005
FM wishes you a successful trading day 💰💰💰
Gold Trend Next Week-Will New Momentum Make the Uptrend Stronger🔔🔔🔔 Gold news:
➡️Gold prices have fallen after hitting a record high, surpassing $3,000, following a series of weaker-than-expected economic indicators, especially PPI and CPI. Concerns about a possible US recession have weighed on the US dollar, boosting demand for the non-yielding metal.
➡️Risky trade policies under President Trump and the possibility of the Federal Reserve easing policy by another 66 basis points (bps) by 2025 are expected to support gold's uptrend in the near future.
➡️Geopolitical tensions are also weighing on gold demand. The ceasefire between Ukraine and Russia remains at a crossroads, as Russia appears unwilling to abide by the 30-day ceasefire.
➡️In particular, Trump launched a large-scale attack on the Houthis in Yemen, killing many people. This will be the impetus for gold prices to break out in the coming time
Personal opinion:
➡️Gold has an additional driving force to increase in price, plus the previous news is still persistent, causing gold prices to maintain their upward momentum and show no signs of stopping
➡️Consider strong support zones when gold declines to be able to buy at a good price. Limit selling gold because you will mistakenly think it is the top, not yet.
➡️Technically, RSI shows signs of divergence and is expected to decrease slightly in the early Asian session. Currently, you should prioritize news over technical analysis.
Resistance zone: 3005 - 3012 - 3020
Support zone: 2980 - 2970 - 2956
Plan:
🔆 Price Zone Setup:
👉Buy Gold 2,980 - 2,977 (Scalping)
❌SL: 2,975 | ✅TP: 2,983 - 2,986 - 2.990
👉Buy Gold 2,970 - 2,968
❌SL: 2,964 | ✅TP: 2,975 – 2,980 – 2,990
👉Sell Gold 3,010 – 3,012 (Scalping)
❌SL: 3.016 | ✅TP: 3.007 – 3.004 – 3.000
👉Sell Gold 3,018 – 3,020
❌SL: 3,025 | ✅TP: 3,014 – 3,008 – 3,001
FM wishes you a successful trading day 💰💰💰
trendline H1, gold price follows the main trend of increasing⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold (XAU/USD) consolidates near its record high from the Asian session on Friday, trading within a narrow range. Investor concerns over President Donald Trump's aggressive trade policies and their potential global economic impact sustain demand for the safe-haven metal. Additionally, growing expectations of further monetary easing by the Federal Reserve (Fed) provide additional support to the non-yielding bullion.
⭐️Personal comments NOVA:
Sideway and accumulation continue the uptrend back to the $3000 price zone
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $3021 - $3023 SL $3028
TP1: $3010
TP2: $3000
TP3: $2990
🔥BUY GOLD zone: $2940 - $2942 SL $2935
TP1: $2950
TP2: $2960
TP3: $2970
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
Will XAU/USD Hit a New ATH - Heading for 3,000?🔔🔔🔔 Gold news:
👉The US dollar is facing increasing pressure due to changes in US trade policy and increasing global economic uncertainty. If the US government continues on its current path, these pressures could increase, pushing investors towards safe-haven assets such as gold.
👉 In addition, slowing economic growth and expectations of a Federal Reserve rate cut are adding pressure on the greenback. Conversely, gold's appeal as a hedge against geopolitical uncertainty and currency weakness has increased. Rising global tensions and concerns about persistent inflation make the precious metal increasingly attractive for portfolio diversification.
Personal opinion:
👉 RSI (1H) is showing signs of divergence and gold has failed to break above 2950 during the European session. Signs for gold to ease for a momentum break
👉In addition, the DXY and the US 10-year bond yield rising again could slow down the gold rally
Analysis:
👉Based on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy
🔆 Resistance level: 2.956 2.970
🔆 Support level: 2.940 2.932 2.920
Plan:
🔆 Price Zone Setup:
👉Buy Gold 2.940 – 2.938
❌SL: 2.934 | ✅TP: 2,944 – 2,948 – 2,954
👉Sell Gold 2,955 – 2,957 (Scalping)
❌SL: 2,961 | ✅TP: 2,952 – 2,948 – 2,943
👉Sell Gold 2,969 – 2,971
❌SL: 2,976 | ✅TP: 2,965 – 2,961 – 2,956
FM wishes you a successful trading day 💰💰💰
continue to find new ATH next week, gold✍️ NOVA hello everyone, Let's comment on gold price next week from 03/17/2025 - 03/21/2025
🔥 World situation:
Gold prices pull back after briefly surpassing the $3,000 milestone, reaching a record high of $3,004 per troy ounce before retreating to $2,982, down 0.21% for the day. Uncertainty surrounding President Donald Trump's trade policies and a weaker US Dollar initially fueled the surge but later led to a price correction.
Meanwhile, geopolitical tensions continue to influence demand for the safe-haven metal. The Ukraine-Russia ceasefire hangs in the balance, with signs of reluctance from Moscow to uphold the 30-day truce.
🔥 Identify:
Gold price has reached over 3000 this week, a new turning point. The trade situation is still very tense, the momentum continues for the upward trend next week.
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $3043, $3078
Support : $2954, $2882
🔥 NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
strong growth, surpassing 3000 today🔔🔔🔔 Gold news:
➡️ Recently, some US officials have shown little concern over Wall Street's response to the Trump administration's trade policies. US Treasury Secretary Scott Bessent clarified that his remarks last Friday about a “detox period” did not imply that a recession was inevitable. In contrast, US Commerce Secretary Howard Lutnick stated that a recession would be a worthwhile trade-off to advance the administration’s policy agenda.
These statements reassured investors, leading to continued selling in US equities while driving demand for safe-haven assets such as Gold and the Japanese Yen (JPY).
Personal analysis:
➡️broke the old peak, currently fomo from the big market, ready to surpass 3000 today
Use Fibonacci Retracements to Find Psychological Resistance Zones
Plan:
🔆Price Zone Setup:
👉Sell Gold 3000 – 3003
❌SL: 3008 |
✅TP: 2994 - 2985 - 2970
FM wishes you a successful trading day 💰💰💰
Gold BREAKS $3,000 with the next target to $3,337What a year it's been for gold and it's only MARCH!
Once again, Gold proves to be the safe, safer and SAFEST haven of all markets and stands the test of time.
With the psychological price breaking above $3,000 - this is unprecedented.
Here are some reasons why Gold is going up and it should go up further from here.
FUNDAMENTAL REASONS FOR GOLD UPSIDE:
Global Unrest:
Political instability in regions like Eastern Europe is nudging investors to turn to gold as a safe haven. 🔥🌍
US Policy Shifts:
Uncertainty over US monetary policy and potential interest rate changes is steering more money into gold. 🏦🤔
Emerging Market Struggles:
Rising debt and capital outflows in emerging markets are driving both governments and investors to bolster their gold reserves. 📉🌐
Trade Tensions:
Ongoing trade disputes between major economies are adding market uncertainty, making gold an attractive refuge. ⚖️💼
Central Bank Moves:
Several central banks are diversifying their reserves by purchasing more gold, reinforcing its long-term appeal. 🏛️💹
TECHNICALS Are screaming a BUY!
Rounding Bottom pattern has formed and within it is a Cup and Handle
Cup and Handle
Price> 20 and 200MA which is a big one.
Target $3,337
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
New ATH will continue to form 3022 ! XAU ⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold (XAU/USD) consolidates near its record high from the Asian session on Friday, trading within a narrow range. Investor concerns over President Donald Trump's aggressive trade policies and their potential global economic impact sustain demand for the safe-haven metal. Additionally, growing expectations of further monetary easing by the Federal Reserve (Fed) provide additional support to the non-yielding bullion.
⭐️Personal comments NOVA:
The price trend is up, pay attention to the new ATH price zone 3022
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $3006 - $3008 SL $3011 scalping
TP1: $3000
TP2: $2995
TP3: $2990
🔥SELL GOLD zone: $3021 - $3023 SL $3028
TP1: $3015
TP2: $3000
TP3: $2980
🔥BUY GOLD zone: $2958 - $2956 SL $2951
TP1: $2965
TP2: $2977
TP3: $2990
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
XAU/USD trend in today's EUROPEAN and US session🔔🔔🔔 Gold news:
👉 February’s data increased the odds that the Federal Reserve (Fed) might cut interest rates thrice in 2025. Nevertheless, Fed officials, led by Chair Jerome Powell, had expressed that they did not look at just one month of data.
👉 In the meantime, US Treasury yields climbed amid fears that the global trade war could push prices higher. Consequently, the US Dollar Index (DXY), which tracks the Greenback’s value against six currencies, gains 0.14% to 103.55.
👉 On Wednesday, 25% US tariffs on steel and aluminum took effect at midnight as US President Donald Trump is battling to reduce the trade deficit by applying duties on imports.
👉The non-yielding metal is poised to extend its rally, even though there is progress on a truce between Ukraine and Russia.
👉 The World Gold Council (WGC) revealed that central banks continued to purchase Gold. The People’s Bank of China (PBoC) and the National Bank of Poland (NBP) added 10 and 29 tonnes in the first two months of 2025, respectively.
Personal opinion:
👉 Gold has found new momentum to maintain its upward momentum, the 3000 da level is not far away.
👉Technically, RSI (1H) has entered the overbought zone and is showing signs of a reversal in the short term. This may be the best time to buy gold at a good price for you.
Analysis:
👉 Based on important resistance - support and Fibonacci levels combined with Pivot points to come up with a suitable strategy
🔆 Resistance level: 2.948 2.956 2.70
🔆 Support level: 2.930 2.920 2.905
Plan:
🔆 Price Zone Setup:
👉Buy Gold 2.930 – 2.933
❌SL: 2.926 | ✅TP: 2.937 – 2.942 – 2.949
👉Sell Gold 2.955 – 2.957 (Scalping)
❌SL: 2.961 | ✅TP: 2,952 – 2,948 – 2,943
👉Sell Gold 2,970 – 2,972
❌SL: 2,976 | ✅TP: 2,965 – 2,960 – 2,955
FM wishes you a successful trading day 💰💰💰
Gold trend in European and American sessions today🔔🔔🔔 Gold news:
👉A cautious atmosphere dominates ahead of the release of US consumer inflation data, keeping Gold prices fluctuating within a tight range. The US Dollar (USD) sees a slight rebound as traders take profits after its recent decline.
👉The renewed strength in the USD and rising US Treasury bond yields are limiting Gold's recovery. However, if the annual headline and core CPI figures come in weaker than expected, it could strengthen expectations of Federal Reserve interest rate cuts this year. In that case, the USD and bond yields may come under pressure, providing a boost to Gold, which does not offer interest.
👉Conversely, if inflation data exceeds market expectations, Gold could give up its recent gains and decline further. Strong CPI numbers would support the Fed's cautious stance on inflation and rate cuts, potentially weighing on Gold prices due to its lack of yield appeal.
Personal opinion:
👉Gold is waiting for CPI news so it will run sideways in the 2,900 - 2,930 range
👉The Bullish Pennant pattern is gradually appearing, signaling a gold rally
👉At the same time, the SMA in this area is a strong support zone for gold prices, so it is difficult to break down
Analysis:
👉Based on resistance - support levels and SMA combined with price action to come up with a suitable strategy
Plan:
🔆 Price Zone Setup:
👉Buy Gold 2,909 - 2,911 (European session)
❌SL: 2,904 | ✅TP: 2,915 - 2,920 - 2,930
👉Sell Gold 2,928 - 2,930 (European session)
❌SL: 2,934 | ✅TP: 2,925 – 2,920 – 2,910
👉Buy Gold 2,900 – 2,902
❌SL: 2,895 | ✅TP: 2,906 – 2,912 – 2,920
FM wishes you a successful trading day 💰💰💰
XAU/USD Trend in European and American Trading Sessions 🔔🔔🔔 Gold news:
👉Amid Trump's protectionist policies, market concerns over a potential US recession persist, raising expectations that the Federal Reserve (Fed) may opt for interest rate cuts this year. This outlook continues to exert downward pressure on the US Dollar (USD) and US Treasury bond yields, helping to support Gold prices.
👉During a Fox News interview on Sunday, President Trump referred to a "period of transition" but refrained from predicting whether his tariff policies could trigger a recession, adding to market uncertainty. He also mentioned that the administration is considering various aspects of tariffs on Russia.
👉Nevertheless, Gold prices might face challenges if the US-Ukraine Summit in Saudi Arabia on Tuesday results in a bilateral minerals agreement, potentially paving the way for an end to the Ukraine-Russia conflict.
👉Tensions remain high ahead of the peace talks, especially after a heated argument between Ukrainian President Volodymyr Zelenskyy and Trump during a February 28 Oval Office meeting, which ultimately led to the US halting all military aid to Ukraine.
Personal opinion:
👉Gold price will continue to increase in the upcoming European and American sessions
👉Currently, RSI (15m) is entering the overbought zone and showing signs of a slight decrease. However, this could be a retracement of the trend line after the Break and continue to gain momentum. Consider the 2,900 area to buy at the best price
Analysis:
👉Based on important resistance - support levels and Fibonacci combined with the trend line to come up with a suitable strategy
Plan:
🔆 Price Zone Setup:
👉Buy Gold 2,897 - 2,900
❌SL: 2,894 | ✅TP: 2,905 - 2,910 - 2,915
👉Sell Gold 2,911 - 2,913 (European session)
❌SL: 2,916 | ✅TP: 2,906 – 2,901 – 2,895
👉Sell Gold 2,928 – 2,930
❌SL: 2,935 | ✅TP: 2,922 – 2,917 – 2,910
FM wishes you a successful trading day 💰💰💰
Gold trend in European and American sessions🔔🔔🔔 Gold news:
👉DXY bounced sharply in the Asian and European sessions after falling to 103.47, the lowest level since 5/11/2024.
👉There is no news today to motivate gold so the price may run in the range of 2890 - 2930
👉RSI (1H) is entering the overbought zone, watch this area closely to create a buy order at a good price.
👉The US 10-year bond yield is down 1.81% at the moment so it may be the driving force for gold to increase again.
Analysis:
👉Based on important support resistance levels and pivot points standard combined with trend lines to come up with a suitable strategy
resistance zone: 2928 - 2908
support zone: 2894 – 2882 – 2870
Plan:
🔆Price Zone Setup :
👉Buy Gold 2.894 – 2.896
❌SL: 2.887 | ✅TP: 2.900 – 2.905 – 2.908
👉Sell Gold 2.927 – 2.929
❌SL: 2.934 | ✅TP: 2.923 – 2.918 – 2.911
FM wishes you a successful trading day 💰💰💰
Gold trading strategy today - sideways🔔🔔🔔 Gold News:
👉Gold is back on the rise due to a severe weakening of the US dollar. The precious metal has regained above $2,900 after suffering heavy losses in late February.
👉Inflation data from the US and political headlines could continue to boost gold prices in the near term. The short-term picture shows buyers struggling to maintain control. The bullish trend remains intact but the uptrend is still lacking momentum.
Personal opinion:
👉There is no news today that will have a strong impact on the gold market, so it will be sideways.
👉Rely on techniques to get the best entry point at the best price
Technical analysis:
👉Rely on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy
Support level : 2.909 2.900 2.893
Resistance level : 2.930 2.941 2.956
Plan:
🔆 Price Zone Setup:
👉Buy Gold 2.909 – 2.907 (Scalping)
❌SL: 2.904 | ✅TP: 2.914 – 2.920 – 2.928
👉Buy Gold 2.894 – 2.892
❌SL: 2.887 | ✅TP: 2,899 – 2,905 – 2,910
👉Sell Gold 2.928 – 2.930
❌SL: 2.935 | ✅TP: 2.924 – 2.918 – 2.913
FM wishes you a successful trading day 💰💰💰
Gold Trading Plan Forecast Today - High Volatility🔔🔔🔔 Gold news:
👉Gold prices (XAU/USD) continue to struggle to gain significant buying interest but remain above the $2,900 level during the Asian session on Friday. Traders appear hesitant, preferring to wait for the release of the closely-watched US Nonfarm Payrolls (NFP) report before making new directional moves. This cautious approach has resulted in a second consecutive day of range-bound trading. The NFP report will be crucial in shaping near-term US Dollar (USD) movements and could provide fresh momentum for gold.
👉Meanwhile, expectations that the Federal Reserve (Fed) may implement multiple rate cuts in 2025, amid signs of slowing US economic growth, keeping the USD near a multi-month low reached on Thursday. Additionally, concerns over President Donald Trump’s trade policies and their potential impact on the global economy weigh on market sentiment. This has led to a weaker tone in equity markets, offering additional support to safe-haven assets like gold and making traders cautious about taking aggressive bearish positions.
PERSONAL OPINION:
👉Gold continues to move in the price range of 2900 - 2930 to wait for the signal of NFP news. It is expected that there will be strong fluctuations when the news is announced because gold has been moving sideways in this area for a certain period of time.
Analysis:
👉Based on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy
Plan:
🔆 Price Zone Setup:
👉Sell Gold 2928 - 2930 (Scalping)
❌SL: 2935 | ✅TP: 2924 - 2920 - 2915
👉Sell Gold 2954 - 2956
❌SL: 2961 | ✅TP: 2950 – 2945 – 2940
FM wishes you a successful trading day 💰💰💰