Fundamentals
1.U.S. Consumer Confidence :
Recent data showed a drop to 104.1 in March 2025, signaling weaker consumer spending. Today’s consumer sentiment or related data could move the USD. Weaker sentiment boosts gold as a safe-haven.
2.U.S. Treasury Yields and USD Index (DXY):
Rising 10-year Treasury yields strengthen the USD, pressuring gold. Yields are under scrutiny due to tariff fears and Fed policy uncertainty. DXY is hovering below 100, with weakness supporting XAU/USD’s recent rally to $3,326.
3. Geopolitical and Trading war
U.S.-China Tariff Tensions:
Yesterday Trump’s Propose to Reduced 50-70% tariff proposals and China’s 34% retaliatory duties fuel safe-haven demand for gold.
Recent reports of China considering exemptions briefly capped gold’s rally, pulling XAU/USD from $3,500 to $3,326. Intraday news on trade talks could swing prices.
Price Action Setup
Key Levels 1H
Support: $3,314-$3,320 (recent lows, 50% Fibonacci retracement).
Resistance: $3,332-$3,338 (recent highs, psychological level).
Sell opportunity :
Entry: Close below $3,320
Target: $3,300-$3,261
Stop Loss: $3,330
Use 15M/5M charts for breakout entries. Confirm with two consecutive candle closes and MACD crossover or volume spike.
Avoid false breakouts by waiting for news-driven momentum.
1.U.S. Consumer Confidence :
Recent data showed a drop to 104.1 in March 2025, signaling weaker consumer spending. Today’s consumer sentiment or related data could move the USD. Weaker sentiment boosts gold as a safe-haven.
2.U.S. Treasury Yields and USD Index (DXY):
Rising 10-year Treasury yields strengthen the USD, pressuring gold. Yields are under scrutiny due to tariff fears and Fed policy uncertainty. DXY is hovering below 100, with weakness supporting XAU/USD’s recent rally to $3,326.
3. Geopolitical and Trading war
U.S.-China Tariff Tensions:
Yesterday Trump’s Propose to Reduced 50-70% tariff proposals and China’s 34% retaliatory duties fuel safe-haven demand for gold.
Recent reports of China considering exemptions briefly capped gold’s rally, pulling XAU/USD from $3,500 to $3,326. Intraday news on trade talks could swing prices.
Price Action Setup
Key Levels 1H
Support: $3,314-$3,320 (recent lows, 50% Fibonacci retracement).
Resistance: $3,332-$3,338 (recent highs, psychological level).
Sell opportunity :
Entry: Close below $3,320
Target: $3,300-$3,261
Stop Loss: $3,330
Use 15M/5M charts for breakout entries. Confirm with two consecutive candle closes and MACD crossover or volume spike.
Avoid false breakouts by waiting for news-driven momentum.
Trade active
Ttarget one Hit 200 Pips
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.
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.