Gold --> Consolidation before the news. Increase trendOANDA:XAUUSD entering a strong growth phase after a false breakout from support as part of the correction process. The previous high at 3127 is now acting as a robust support for buyers. Strong news is about to be released...
Fundamentally, the market is shifting towards defensive assets amid speculation from the WSJ that Trump is considering imposing global tariffs of up to 20% on most of the United States' trading partners while rejecting plans to scale back tariffs. This could create inflationary pressure and stagnation, weakening the dollar and bond yields, thus supporting gold prices.
Central banks and investors continue to build positions in gold, but there may be some adjustments before the announcement of tariffs and the release of U.S. economic data. Theoretically, any reaction to U.S. data is likely to be short-lived, as the main event risk on the so-called 'Liberation Day' is Trump's major tariff revelation.
The strong resistance level is at 3135. A breakout and consolidation above this level would foster continued growth. However, given the upcoming news, gold may test the area of interest and liquidity between 3025-3020 before further advancing.
Metals
Bearish drop?COPPER is reacting off the resistance level which is an overlap resistance that lines up with the 23.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 5.0325
Why we like it:
There is an overlap resistance level that aligns with the 23.6% Fibonacci retracement.
Stop loss: 5.1220
Why we lik eit:
There is a pullback resistance levle that line sup with the 50% Fibonacci retracement.
Take profit: 4.8933
Why we like it:
There is a pullback support level that is slightly above the 61.8% Fibonacci retracement.
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Copper Preparing up for a BIG MoveCAPITALCOM:COPPER Weekly Chart Analysis 📈
Current Price: $5.05(-1.43%)
🎯 Key Levels:
Support Levels: $5.00 (Major), $4.92 (Next support)
Resistance Levels: $5.50 (Next major target)
📊 Trend & Market Structure
Breakout Confirmed: Price has broken above previous resistance (~$5.00) and is sustaining.
Retest in Progress: Currently testing support at $5.00-$4.92.
💡Trade Plan 📝
Bullish Setup (Buy on Retest) ✅
Entry: $5.00 - $4.92 (Support retest)
Stop-Loss: $4.85 (Below support break)
Target: $5.50 and $6.50
Has gold entered a downward channel?Gold ended its continuous rise. The daily chart was blocked and fell back, falling to 3100. Technically, the gold price is still above 3078/3095 of MA7 and 5-day moving average. At the same time, MA10/7-day moving average still remains open upward, and the price is running on the upper track of the Bollinger Band.
The short-term four-hour moving average narrowed, and the price was running near the MA10-day moving average at 3123. The price retreated to the middle track of the Bollinger Band at 3101/3104. The RSI indicator turned downward after touching the overbought value above 80 yesterday. The hourly moving average is glued together, and the price returns to the middle and lower tracks of the Bollinger Band. Gold is expected to continue to expand its operating range during the day. It is recommended to buy at a low level after the correction and be cautious in chasing the rise. Consider selling after the key resistance level or historical high.
Once Trump's tariff policy is implemented, pay attention to the high and low prices in the gold and silver market, which may usher in a substantial downward adjustment. On the contrary, if Trump continues to announce new tariff policies on the basis of the original tariff policy, gold needs to pay attention to triggering risk aversion and causing a sharp rise or a record high again.
Gold surged higher in the US market yesterday and is stagnant. Bulls are under short-term pressure and may enter an adjustment cycle. In the short-term, gold is expected to fall and adjust! Yesterday, gold rose first and then fell, rising to 3149 and then falling. The European market fluctuated narrowly. From the technical indicators, the 2-hour moving average has formed a dead cross, MACD dead cross and large volume, and the Bollinger band closed. The US market continued to decline after the shock, and currently fell below the 3120 intraday watershed. In the short term, it means that the bulls have temporarily come to an end and started to retrace and adjust.
After yesterday's retracement, today's Asian market quickly rose to 3135.7. With the increase in volume on the hourly chart, it corrected the decline with 3150 as the high point. The fluctuation range was large and the adjustment speed was fast. The current position is too risky to chase the rise. Although shorting is against the trend, the implementation of technically overbought tariffs will also be realized, and there will be more room for profit-taking and downward adjustments. Buying and selling opportunities coexist.
Key points:
First support: 3115, second support: 3102, third support: 3093
First resistance: 3138, second resistance: 3150, third resistance: 3200
Operation ideas:
Buy; 3110-3113, SL: 3102, TP: 3140-3150;
Sell; 3143-3145, stop SL: 3154, TP: 3120-3110;
INTRADAY MOVEMENT EXPECTEDi can see still there is liquidity above at the poc of the weekly volume
but if the price can cross up the level it can visit the next resistance above
so if the price at london session cross down the value area i will expect visit the levels shown on the chart as support and make the rejection
so we have to follow the plan and and use the levels on the chart risk management safe the profit secure the orders after the price move stop at break even
we wish happy trade for all
Today analysis for Nasdaq, Oil, and GoldNasdaq
The Nasdaq closed higher on the daily chart. Although a sell signal briefly appeared in the previous session, the MACD failed to form a bearish crossover with the signal line, instead finding support and rebounding. The index strongly bounced from its low, reaching the 5-day moving average (MA) before closing with an upper wick.
Since the MACD is supporting the signal line and potentially resuming an upward trend, the key level to watch is whether the price can break through the strong resistance at 19,625–19,675. As long as the MACD does not confirm a bearish crossover, it is advisable to trade within the range.
On the 240-minute chart, the index rebounded from the bottom while generating a buy signal. However, with strong resistance around 19,675, if the price pulls back once more, it could either form a double bottom or resume a strong upward move from a single-bottom structure.
Although the MACD has crossed above the signal line (golden cross) on the 240-minute chart, it is still far from the zero line, suggesting that further pullbacks may occur after additional gains. It is important to avoid chasing the price and instead focus on buying dips at key support levels while maintaining a range-trading approach.
Crude Oil
Oil closed flat, facing resistance at $72. On the daily chart, the price broke above the 240-day MA and is now testing resistance from a previous supply zone. It is likely to consolidate within a range while pulling up the short-term moving averages.
The daily MACD has moved above the zero line, lifting the signal line as well. If the price remains in a range-bound consolidation, the signal line will eventually rise above the zero line, further supporting a bullish structure.
Key upcoming events include today’s oil inventory report and tomorrow’s OPEC meeting, which could act as catalysts for either a continuation of the rally or a pullback. Since there is still a gap between the 3-day and 5-day MAs, range trading remains the best approach.
On the 240-minute chart, strong buying momentum continues, but given the heavy supply at previous resistance levels, a period of sideways movement or a pullback is likely.
If a bearish crossover occurs on the 240-minute chart, oil could drop below $70. For now, monitor whether the uptrend can hold, and if it does, consider trading within the range while managing downside risks.
Gold
Gold closed lower after an overshoot to the upside. On the daily chart, the price was in an overextended high position, with a significant gap from the 3-day and 5-day MAs. After a brief rally, selling pressure emerged, leading to a bearish close.
Since gold has yet to properly test the 5-day MA, a pullback to this level remains a possibility. However, the daily MACD is still trending upward, and liquidity remains strong, increasing the likelihood of a one-way rally unless the 10-day MA is broken. Short positions should be approached with caution.
On the 240-minute chart, a bearish crossover has occurred, leading to a pullback from the high. However, since the uptrend remains intact, even if the MACD crosses below the signal line, the fact that it is still above the zero line suggests a potential rebound.
The best strategy is to focus on buying dips at key support levels, as the market is likely to consolidate before resuming a trend move. Be cautious when trading within a range-bound market.
With Friday’s U.S. employment report approaching, market volatility remains elevated. Trump’s tariff policies are increasing concerns about inflation and a potential economic slowdown. The interpretation of upcoming economic data will be crucial in determining market direction.
Risk management remains essential, so trade cautiously and stay prepared.
Wishing you a successful trading day!
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XAU/USD Gold Bullish Momentum – Targeting $3,153+?📊 XAU/USD Daily Analysis – Bullish Continuation in Ascending Channel
🔹 Market Structure & Trend Analysis
Gold (XAU/USD) remains in a well-defined ascending channel, respecting both dynamic support and resistance levels. The trend remains bullish, with higher highs and higher lows forming since late 2024. Currently, price is trading near the upper boundary of the channel, suggesting strong bullish momentum.
🔹 Key Technical Levels
Resistance Zone: $3,153 – $3,200 (potential breakout target)
Current Price: $3,020 (holding above key mid-range support)
Support Levels:
Channel Midline Support: ~$2,980
38.2% Fibonacci Retracement: ~$2,900 (potential corrective zone)
Channel Bottom Support: ~$2,700 (strong demand area)
🔹 Bullish Scenario 🟢
A break and close above $3,153 would confirm a bullish breakout, opening the door for a rally toward $3,200 and beyond.
Momentum remains strong, with price structure favoring continued upside as long as it stays above the midline of the channel.
🔹 Bearish Scenario 🔴
Failure to break above $3,153 could trigger a short-term pullback toward $2,980 - $2,900, where buyers may re-enter.
A confirmed breakdown below the ascending channel would invalidate the bullish setup and expose $2,700 - $2,600 as potential downside targets.
🔹 Conclusion & Trade Considerations
Bias: Bullish as long as price remains inside the ascending channel.
Entry Considerations: Retest of $3,020 - $2,980 as support could offer a high-probability long setup.
Breakout Confirmation: A daily close above $3,153 strengthens the bullish case for continuation.
NFP + tariffs = market chaos? In addition to tariff rumors, reports, and retaliations, this week’s Nonfarm Payrolls (NFP) could add even more volatility to markets.
Gold continues to hit record-high after record-high (best quarterly performance since 1986), could be the most important asset to watch.
The market consensus expects the US economy to have added 128,000 jobs in March, down from February’s 151,000.
Danske Bank is more cautious, perhaps responding to Consumer confidence deteriorating to its lowest level since 2013, projecting just 110,000.
Trading Economics is even more bearish, forecasting an increase of only 80,000 jobs. What do they know that others don’t? If they're right, markets may not be priced for it.
Copper is red hot right now. Here’s whyCopper’s COMEX price hit a new high on 26th March making the red metal red hot right now. The first three months of 2025 have seen industrial metals make noticeable gains with the Bloomberg Industrial Metals Subindex up 10.55% year to date1. Copper’s gains, however, stand out for numerous reasons.
Tariffs
The additional premium of COMEX prices over the London Metal Exchange (LME) prices reflects aggressive buying by US traders importing copper in anticipation of a possible 25% tariff on copper imports. This speculation has been fuelled by President Trump last month ordering a probe into the threat to national security from the imports of copper. As aluminium imports were also recently subjected to tariffs, markets are speculating that copper might be next.
This rush has triggered a shift in global flows, with metal moving out of LME warehouses and into US Comex facilities, where copper is held on a “duty paid” basis to avoid future levies. As traders front-run potential policy changes, this behaviour is tightening global supply and fuelling price gains, adding to a market already under pressure from rising demand and a looming supply squeeze.
Demand
China has given an additional boost to copper prices having announced a new action plan to boost domestic consumption by raising household incomes. The stimulus is seen as a positive signal for copper demand, especially as retail sales have already shown stronger-than-expected growth early in the year. China has also set itself a GDP growth target of 5% for 2025, and so far this year, its manufacturing Purchasing Managers' Index (PMI) has remained in expansionary territory — a sign that the economy is holding steady. With momentum building across consumption and manufacturing, copper is getting a fresh tailwind despite lingering weakness in the property sector.
Further support for industrial metals, including copper, has come from Germany’s recently unveiled €1 trillion infrastructure and defence spending plan — a move that will inevitably drive greater demand for base metals.
Supply
Supply tightness in the copper market is being driven by several structural and emerging challenges. Exceptionally low processing fees—caused by an oversupply of smelting capacity, particularly in China—have placed financial strain on global smelters, prompting companies like Glencore to halt operations at its facility in the Philippines. Looking ahead, Indonesia’s proposal to shift from a flat 5% copper mining royalty to a progressive rate of 10–17% risks discouraging future production growth. These supply-side pressures come as the International Copper Study Group reported a slight global copper deficit in January 2025. While a similar shortfall at the start of 2024 eventually turned into a surplus, this time the combination of weakening smelting economics, policy headwinds, and solid demand could make the current deficit more persistent and impactful.
Several major copper miners have recently downgraded their production estimates for 2025, adding further pressure to an already tight market. Glencore suspended output at its Altonorte smelter in Chile2, while Freeport-McMoRan delayed refined copper sales from its Manyar smelter in Indonesia due to a fire3. Anglo American expects lower output from its Chilean operations amid maintenance and water challenges, and First Quantum Minerals faces reduced grades and scheduled downtime4. These disruptions are likely to tighten global copper concentrate supply, potentially widening the market’s supply-demand imbalance just as demand continues to strengthen.
Sources:
1 Source: Bloomberg, based on total return index as of 28 March 2025.
2 Reuters, March 26, 2025
3 Reuters, October 16, 2024
4 Metal.com. February 14, 2025
This material is prepared by WisdomTree and its affiliates and is not intended to be relied upon as a forecast, research, or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date of production and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by WisdomTree, nor any affiliate, nor any of their officers, employees, or agents. Reliance upon information in this material is at the sole discretion of the reader. Past performance is not a reliable indicator of future performance.
Zinc (ZINC) – Technical Analysis 1WThe price has broken below the 1W trendline, confirming a bearish scenario. After a fake breakout, the price moved downward and is now targeting 2551 and 2283. A breakdown below these levels could accelerate the decline. RSI shows weakening momentum, MACD signals a bearish crossover, and EMA 50/200 suggest further downside. Fundamentally, zinc prices depend on industrial demand, macroeconomic conditions, and USD strength. The main scenario is a drop to 2551 and 2283, while a recovery above 2900 could push prices toward 3100.
GOLD: Long Trading Opportunity
GOLD
- Classic bullish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Long GOLD
Entry - 3128.3
Sl - 3120.7
Tp - 3143.3
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Gold heading for New ATHRowan, hello everyone!
Currently, today's gold price continues to demonstrate strength as it trades around $3,133. Clearly, this precious metal is maintaining its robust performance, having risen significantly since breaking through the $3,100 mark.
However, today's gold price has yet to achieve a major breakthrough as the market appears cautious and awaiting announcements regarding reciprocal tariffs from US President Donald Trump. At that point, a clearer picture of gold's direction will emerge.
Today we have several important milestones:
Support level at 3127
Resistance level at 3148, followed by the upper boundary of the bullish channel
Gold Eyes Fresh Highs Amid Geopolitical Tensions🟡 Gold Eyes Fresh Highs Amid Geopolitical Tensions & Quarter-End Volatility
Gold started April with a strong bullish gap, reaching another all-time high during the Asian session. Price is now trading near the upper bound of a multi-day structure, supported by ongoing geopolitical risks, macro uncertainty, and flight-to-safety flows.
European and UK traders should remain cautious today, as end-of-month volatility may lead to fake breakouts, stop hunts, and liquidity grabs – especially ahead of key U.S. economic data later this week.
🧠 Market Context:
Risk sentiment remains fragile as global equities faced pressure overnight.
Safe haven demand is elevated following weekend headlines tied to geopolitical conflict and natural disaster risks in Asia.
Traders are also watching the market’s reaction to Trump’s softened tone on tariffs — potentially shifting macro flows in risk assets.
🔍 Technical Outlook:
Price action remains bullish overall, but the pair is extended at current levels.
Expect high volatility today as monthly candles close — with a chance of both upside wicks and liquidation dips.
Scalping or reacting at well-defined zones is preferred over chasing.
🧭 Key Technical Levels:
🔺 Resistance: 3158 – 3166 – 3172 – 3180
🔻 Support: 3133 – 3122 – 3111 – 3100
🎯 Trading Plan:
🟢 BUY ZONE: 3122 – 3120
SL: 3116
TP: 3126 – 3130 – 3134 – 3138 – 3142 – 3146 – 3150
🔴 SELL ZONE: 3170 – 3172
SL: 3176
TP: 3166 – 3162 – 3158 – 3152 – 3148 – 3144 – 3140
⚠️ Final Note:
Today’s session could be chaotic with month-end flows and low liquidity pockets.
Stick to clean setups. Wait for confirmation. Always use SL/TP.
📌 If you found this plan helpful, like & follow for daily setups and institutional-level insights.
📊 Trade with structure, manage your risk, and let the market come to you.
$XAUUSD GOLDGold is putting on his best performance in the last few years.
In these phases, very often we can see an acceleration of movement
I also don't rule out the possibility that we break the channel up.
Gold remains a protective asset, and I want to say that this is not the top yet; now, every correction is a new entry point.
The question is, where will it be?
We will break this upward channel from below, stay under it for a while, and then go for new tops.
Now that all amateurs are convinced that everything is moving in the channel, we will break the channel down, and we need to go short. At the expense of these short positions, we will update the ATH. In 2025, I think it would be too easy.
Best regards EXCAVO
_____________________
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Gold H1 | Potential bullish bounceGold (XAU/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 3,113.30 which is a pullback support that aligns with the 23.6% Fibonacci retracement.
Stop loss is at 3,087.00 which is a level that lies underneath a pullback support and the 38.2% Fibonacci retracement.
Take profit is at 3,161.57 which is a level that aligns with the 100.0% Fibonacci projection.
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4 consecutive days of increase, GOLD support from TrumpIn the Asian session, spot OANDA:XAUUSD continued to rise, surpassing $3,145/ounce, up more than $24 on the day.
The global trade war has caused concerns in the market, continuing to push gold prices to new highs. Gold prices rose 8% in March and have increased for three consecutive months this year.
Gold prices have increased more than 18% this year, following a 27% increase last year, thanks to a favorable monetary policy environment, strong central bank buying and demand for exchange-traded funds (ETFs).
Trump: Tariff details could be announced soon (Bloomberg)
US President Trump said on Monday local time that details of the tariffs could be announced either Tuesday night (April 1) or April 2.
Trump also said the US would be “very friendly” to other countries and that tariffs could be significantly reduced in some cases. Trump then talked about other issues before returning to the issue of tariffs, adding: “The tariff plan is already in place.”
White House spokeswoman Karoline Leavitt said on Monday that US President Trump will announce a plan for reciprocal tariffs "country by country" in the White House Rose Garden on April 2 and that no tariff exemptions are currently being considered.
In the latest escalation in the trade war, Trump is set to impose broad “reciprocal” tariffs on all U.S. trading partners on Wednesday, a day he has called “Liberation Day.” Trump also plans to impose a 25 percent tariff on all non-U.S.-made cars this week.
Asked about the reciprocal tariffs and which countries would be affected, Leavitt declined to provide details. Asked whether lower tariffs would be applied to products used by U.S. farmers, Leavitt said “there are no exemptions at this time.”
Trump also said on Sunday that he would impose secondary tariffs of 25% to 50% on buyers of Russian oil if he finds Russia intends to obstruct US efforts to end the war in Ukraine.
Technical Outlook Analysis OANDA:XAUUSD
4 days of soaring, gold is heading for its 4th consecutive strong day of gains as it breaks the target at the 0.618% Fibonacci extension of $3,139, followed by the target at the 0.786% Fibonacci extension of $3,177.
With the current technical conditions, there is no resistance or signal for a significant technical correction.
With the medium-term trend being highlighted by the price channel and a blue price channel as the short-term trend. As long as gold remains above the EMA21, it will remain technically bullish in the long-term.
Meanwhile, the Relative Strength Index (RSI) is operating in the overbought zone but is not giving any signal of a possible downside correction.
For the day, the technical outlook for gold prices remains bullish, and any current downside correction should only be considered as a short-term correction or a buying opportunity.
With that, the notable positions for the uptrend will be listed as follows.
Support: 3,128 – 3,113 USD
Resistance: 3,177 USD
SELL XAUUSD PRICE 3157 - 3155⚡️
↠↠ Stoploss 3161
→Take Profit 1 3149
↨
→Take Profit 2 3143
BUY XAUUSD PRICE 3085 - 3087⚡️
↠↠ Stoploss 3081
→Take Profit 1 3093
↨
→Take Profit 2 3099
Hellena | GOLD (4H): SHORT to 38.2% Fibo lvl 3050.Dear colleagues, the price has been in an upward movement for quite a long time and I believe .that it is time for a correction in the “2” wave.
I think it is possible that there may be a small update of the maximum of the top of wave “1” to 3176.771, then I expect a correction to the area of 38.2% Fibonacci level 3050.
As usual there are 2 possible entry options:
1) Market entry
2) Entry by pending limit orders, if the price updates the maximum.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Gold price increased sharply at the beginning of the new weekFundamental Insight:
As predicted by the teacher yesterday, the record-breaking surge in Gold prices showed no signs of slowing down as buyers pushed past the $3,100 threshold during the recorded period. With a strong recovery to around $3,108, demonstrating a $20 recovery.
Regarding gold fluctuations, this week's most notable economic news will be the US implementation of global trade tariffs on Wednesday, along with the March non-farm payroll report release on Friday morning. Both events are expected to potentially increase gold's appeal as a safe-haven asset.
Brian’s Personal Comment:
The buyer continues to overwhelm, ATH can achieve this week if the support levels inside the trend channel maintain.
Gold Trading Setups:
🔹 BUY XAUUSD:
Entry: 3096 - 3098
SL: 3095
TP: 3099, 3101, 3106
🔹 BUY XAUUSD:
Entry: 3057-3054
SL: 3049
TP: 3060, 3062, open...
Technical Analysis:
Based on the 34 & 89 EMAs and clear support-resistance zones, these buy setups align with the current bullish momentum. Pullbacks to EMA zones offer good re-entry opportunities, especially when price respects structure and bullish candle formations are confirmed.
ORDER RULES:
1) Watch the price: Don't rush to place an order,...
2) Place an order: Probe first, and divide the volume reasonably...
3) SL: Must set SL, don't hold on to losses...
4) TP: Close half, move the remaining half to Entry and set TP from 7 - 15 prices...
5) Order entry time: Note the time frames Ad has given...
6) Order holding time: 1 - 3 hours...
7) Trading has a high RR so you have to accept the risk. All suggestions are for reference only, so consider carefully. You should stay out and watch if you are afraid of risk