Gold technical analysis
Daily chart resistance 3150, support below 3053
Four-hour chart resistance 3150, support below 3113
One-hour chart resistance 3120, support below 3100
Gold news analysis: On Tuesday (April 1), spot gold continued to rise to new highs, reaching a high of $3148.94/ounce, and then dived 50$. On Monday (March 31) this week, the price of gold ushered in a new breakthrough, breaking through $3100/ounce, and rose by $100 in just one week. Multiple factors such as trade concerns, a weaker dollar and falling bond yields have driven the price of gold to rise, making it one of the most eye-catching commodities in 2025. So far this year, the price of gold has risen by 18.3%. Gold has received further support amid a sharp drop in the Nasdaq index, as investors are nervous about the tariff policy that the Trump administration will release on April 2. Trump recently announced that he would impose new tariffs on Russia and Iran. These policies are expected to have a wide impact on the global economy, causing investors to increase their allocation to safe-haven assets such as gold.
Gold operation suggestions: Gold fell back on the daily line and finally closed slightly lower. The sharp rise in the Asian session did not have a strong continuity. After the pressure near the high of 3148.50, the European and American sessions were mainly corrected by the decline. The market has fluctuated violently recently, and the adjustment space is large.
From the current trend analysis, the short-term support below focuses on the four-hour level near 3113, focusing on the 3100-3053 line. The daily level stabilizes above this position and continues to buy at a low level, waiting for the support to buy. Selling can only be entered at key points, short-term trading.
Buy: 3053near SL: 3049
Buy: 3100near SL: 3095
Sell: 3120near SL: 3125
Daily chart resistance 3150, support below 3053
Four-hour chart resistance 3150, support below 3113
One-hour chart resistance 3120, support below 3100
Gold news analysis: On Tuesday (April 1), spot gold continued to rise to new highs, reaching a high of $3148.94/ounce, and then dived 50$. On Monday (March 31) this week, the price of gold ushered in a new breakthrough, breaking through $3100/ounce, and rose by $100 in just one week. Multiple factors such as trade concerns, a weaker dollar and falling bond yields have driven the price of gold to rise, making it one of the most eye-catching commodities in 2025. So far this year, the price of gold has risen by 18.3%. Gold has received further support amid a sharp drop in the Nasdaq index, as investors are nervous about the tariff policy that the Trump administration will release on April 2. Trump recently announced that he would impose new tariffs on Russia and Iran. These policies are expected to have a wide impact on the global economy, causing investors to increase their allocation to safe-haven assets such as gold.
Gold operation suggestions: Gold fell back on the daily line and finally closed slightly lower. The sharp rise in the Asian session did not have a strong continuity. After the pressure near the high of 3148.50, the European and American sessions were mainly corrected by the decline. The market has fluctuated violently recently, and the adjustment space is large.
From the current trend analysis, the short-term support below focuses on the four-hour level near 3113, focusing on the 3100-3053 line. The daily level stabilizes above this position and continues to buy at a low level, waiting for the support to buy. Selling can only be entered at key points, short-term trading.
Buy: 3053near SL: 3049
Buy: 3100near SL: 3095
Sell: 3120near SL: 3125
Trade active
Pay attention to today's news, the US March ADP employment data: If ADP < 110K, gold prices may challenge 3135-3150, and look to 3160 after breaking through.After the data is released, if ADP> 140K, it may fall back to the support band of 3100-3110 US dollars, or even trigger stop-loss selling after falling below 3100, testing the support of 3060
Today, Trump's tariff policy risks are implemented: Trump will announce the details of auto tariffs at 3:00 pm NY time (25% tariff rate without exemption). If the policy is tougher than expected, safe-haven demand may push gold prices to 3135-3150 US dollars; if the intensity is mild, it may cause a decline due to long profit-taking.
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💥Telegram Channel Free Updates 👉🏻
💥t.me/Actuary00group
✉️Signal and daily analysis channel
💥t.me/Actuary00group
✉️Signal and daily analysis channel
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.