GC1! (Gold Futures)
Trade tensions escalate, GOLD receives support to break $3,200As trade tensions escalated, market risk sentiment suddenly spiked, with spot OANDA:XAUUSD surging above $3,200.
Data released on Thursday in the United States showed that the consumer price index (CPI) unexpectedly fell in March.
Data showed that the US CPI fell 0.1% month-on-month in March, the first decline in nearly five years, compared to expectations of 0.1% and the previous reading of 0.2%.
In addition, the US CPI rose 2.4% year-on-year in March, lower than the expected 2.5% and the previous reading of 2.8%; the US core CPI rose 2.8% year-on-year in March, lower than the expected 3% and the previous reading of 3.1%.
After the US CPI data was released, traders bet that the Federal Reserve will cut interest rates again in June, potentially totaling 100 basis points of rate cuts by the end of the year. Low interest rates are generally beneficial for gold because the metal does not pay interest.
Gold prices continued to rise above $3,200 an ounce in early trading in Asia on Friday, breaking the record set in the previous trading day.
Gold prices hit a new high as investors turned to safe-haven assets amid concerns about the impact of tariffs on the global economy, Bloomberg reported on Friday.
Gold’s safe-haven status has been hit again this week, Bloomberg reported. US President Trump’s erratic rhetoric on his tariff agenda has sparked a sell-off in stocks, bonds and the US dollar, as concerns about a global recession spread across Wall Street.
Even after Trump announced a 90-day pause on tariffs on dozens of trading partners, risks and uncertainties remain, with tariffs on all imports from China now at a rate of at least 145%.
The White House clarified to CNBC at noon ET on Thursday that the Trump administration's tariffs on China under the name of reciprocal tariffs are 125%, but this does not include the 20% tariffs that the United States imposed on China twice in early February and early March of this year due to the fentanyl crisis.
Therefore, during Trump's second term, the cumulative tariffs that the United States has applied to all Chinese goods exported to the United States have reached 145%.
The CNBC report also emphasized that the 145% tariff does not include the US tariffs on China before Trump's second term as US president, including various tariffs imposed on China during Trump's first term and the Biden administration.
Given the current market environment, gold is still going to continue to rise strongly. As a wise man at a coffee shop in Vietnam (TLTV) predicted, this war must be 500% to negotiate. If so, we could soon see gold approaching the $3,500 mark.
Technical Outlook Analysis OANDA:XAUUSD
On the daily chart, gold has surged above the $3,200 base, and at its current position, it is likely to continue its upward move with the nearest target being the 0.786% Fibonacci extension level of $3,223. Whereas, once the $3,223 level is broken, gold will be in a position to continue its upward move with the next target around $3,295 in the short term.
On the technical front, the Relative Strength Index (RSI) is sloping upwards without any weakness as it approaches the overbought zone, indicating strong demand in the market and sending a positive signal for the bullish trend.
For the day, as long as gold remains above $3,167, it remains bullish in the short term, and any dip in the current scenario that does not take gold below the EMA21 should be viewed as a short-term correction rather than a trend, or as a buying opportunity.
The notable positions for the intraday uptrend will be listed again for readers as follows.
Support: $3,167
Resistance: $3,223
SELL XAUUSD PRICE 3250 - 3248⚡️
↠↠ Stoploss 3068
→Take Profit 1 3056
↨
→Take Profit 2 3050
BUY XAUUSD PRICE 3134 - 3136⚡️
↠↠ Stoploss 3130
→Take Profit 1 3142
↨
→Take Profit 2 3148
Gold - The Blow Off TopAs gold hit a high today I took a look at the chart. Incredible run going back many years. But what goes up must come down. Based on a Fib-extension we can see where price has hit resistance and turned it into support. It happened at 1, 1.272, 1.618, and briefly at 2.618. It has remarkably pushed through that. So in my studies of markets and fibonacci I've found that 4.236 often times bring about the top on a parabolic move. So by following that logic I would put the top, at least a local one, at $3,800. Roughly 25% from here. Anyways, that's my 2 cents on Gold. Happy trading.
GOLD surges to weekly targets, eyes era levelsSpot gold prices have surged on the back of US President Trump’s tariff announcement. Gold prices rose as much as 3.9% on Wednesday as markets were volatile, before closing up 3.4%. At the time of writing today, Thursday (April 10), gold is up as much as $44, or 1.4%, on the day.
Gold prices posted their biggest one-day gain in 18 months on Wednesday as confusion over US President Donald Trump’s tariff agenda prompted investors to buy the precious metal as a safe-haven asset, Bloomberg reported.
But after China announced plans to retaliate with 84% tariffs on US products starting Thursday, Trump immediately raised tariffs on China to 125%. The moves raised concerns that the world's two largest economies were heading toward a full-blown trade war.
Stock markets rallied after Trump announced the tariff suspension. US stocks had their best day since the financial crisis, with the S&P 500 index rising nearly 10% after falling to the brink of a bear market last week.
Bloomberg said the US government's erratic tax plans have shaken the world as investors look for direction and certainty. That has supported gold prices overall, with prices up 18% this year. Expectations of further monetary easing by the Federal Reserve and central bank gold purchases have also boosted prices.
Gold has gained more than $400 this year, hitting an all-time record of $3,167.57 an ounce on April 3.
Minutes from the Federal Reserve's March meeting showed policymakers almost unanimously warned last month that the U.S. economy faces the risk of rising inflation while economic growth slows. Some policymakers noted that there could be "difficult trade-offs" ahead.
According to CME Group's FedWatch tool, traders see a 72% chance that the Fed will cut interest rates in June. Gold itself does not generate interest rates, and will perform well in a low-interest-rate environment.
Investors are now looking to the U.S. consumer price index (CPI) due out today (Thursday) for further trading information.
Technical outlook analysis OANDA:XAUUSD
On the daily chart, gold surged to hit all the weekly upside targets noted and readers in the weekly publication at $3,056 in the short term and then the full price point of $3,100. Looking ahead, gold only has a $3,150 size creature to break to set a new all-time high or more.
The relative strength index (RSI) is building, signaling bullish energy in the near term, as long as gold remains in the price channel, the declines should only be limited corrections and not a trend.
As we have noted to our readers throughout our articles since Trump returned to the White House, dips can be viewed as buying opportunities.
And for the day, the notable positions for the bullish picture on the technical chart of gold will be listed again as follows.
Support: 3,103 – 3,100 – 3,056 USD
Resistance: 3,150 – 3,167 USD
SELL XAUUSD PRICE 3192 - 3190⚡️
↠↠ Stoploss 3196
→Take Profit 1 3184
↨
→Take Profit 2 3178
BUY XAUUSD PRICE 3050 - 3052⚡️
↠↠ Stoploss 3046
→Take Profit 1 3058
↨
→Take Profit 2 3064
Fundamental support remains stable, GOLD is losing some elementsIn the Asian trading session on Tuesday (April 8), spot OANDA:XAUUSD recovered in the short term after a sharp decline in the previous trading day. Gold prices just touched $3,000/ounce, having increased by nearly $20 during the day. Concerns about the escalation of the trade war have increased the risk-off sentiment in the market.
US President Donald Trump said on Monday that he will not suspend the policy of "reciprocal tariffs", although many trading partners want to avoid them
According to a statement posted on the website of the Chinese Ministry of Commerce on Tuesday, a spokesperson for the Ministry of Commerce made a statement on the US threat to increase tariffs on China. The statement pointed out that China noted that on April 7 Eastern time, the US threatened to impose an additional 50% tariff on China, and China firmly opposes this. If the US escalates the tariff measures, China will resolutely take countermeasures to protect its own rights and interests.
The US threat to increase tariffs on China is a mistake that has been compounded, once again exposing the US's blackmailing nature. China will never accept this. If the US insists on pursuing its own way, China will fight to the end. Such statements usually boost the market's risk-off sentiment, contributing to a short-term recovery in gold prices. Gold is a safe investment during times of political and financial uncertainty.
Last Thursday, gold hit an all-time high of $3,167.57/oz, driven largely by geopolitical uncertainty and strong central bank buying. And the gold market remains exposed to significant volatility in the short term, with a number of potential fundamental surprises, most of which are likely to support price gains.
Technical Outlook Analysis OANDA:XAUUSD
On the daily chart, gold is struggling to maintain its price action within the main price channel, however, the recovery momentum is also limited by the $3,000 price level which is currently acting as the nearest resistance.
For now, gold is losing important support at the EMA21 and now the EMA21 has become a resistance level. For gold to have the conditions for a bullish possibility, gold needs to bring the price action back above the $3,000 level, then the target is $3,019 and maintain above this level.
The relative strength index RSI has some minor reaction at 50, which is considered a momentum support level on the RSI tool. But the signal is not significant.
Overall, the expectation for gold is to resume the uptrend but at the time of writing, the conditions are not yet sufficient. Meanwhile, a drop below $2,956 would bring the risk of further declines with the next target around $2,927 in the short term.
In the day, the notable technical positions will be listed as follows.
Support: $2,956 – $2,954 – $2,927
Resistance: $3,019
SELL XAUUSD PRICE 3064 - 3062⚡️
↠↠ Stoploss 3068
→Take Profit 1 3056
↨
→Take Profit 2 3050
BUY XAUUSD PRICE 2932 - 2934⚡️
↠↠ Stoploss 2928
→Take Profit 1 2930
↨
→Take Profit 2 2936
GOLD dropped dramatically then recovered in the short termOANDA:XAUUSD saw a short-term spike during the Asian trading session on Monday (April 7). The price of gold recovered to reach around $3,053/ounce, up $83 from the intraday low of $2,970.47/ounce reached earlier.
OANDA:XAUUSD fell sharply after the Asian open on Monday, with gold also falling sharply as equity markets suffered a sharp sell-off.
While gold typically benefits from periods of volatility, it is more prone to sell-offs during periods of high volatility, with investors likely to sell gold to cover losses elsewhere.
The stock market sell-off has prompted investors to cover their losses. However, rising trade wars and geopolitical risks could boost safe-haven demand, supporting gold prices.
Trump Makes Shocking Claim About Stock Market Crash: "Sometimes You Have to Take Medicine"
When asked about the stock market crash, US President Trump said on Sunday local time, "Sometimes you have to take medicine."
After plunging on Thursday and Friday last week, global stock markets continued to fall on Monday, creating the worst three-day losing streak in history.
“I don’t want anything to happen, but sometimes you have to take medicine to solve the problem,” Trump told reporters on Air Force One, speaking about the economic impact of his sweeping tariffs.
“I can’t tell you what’s going to happen in the markets,” Trump said. “But our country is stronger.” According to Reuters, Trump gave no indication that he would abandon the tariff plan during his speech.
Trump also said he did not intentionally orchestrate the market sell-off. “No, it wasn’t that,” he said.
Last Friday, Trump reposted a video on his social media platform in response to the stock market crash. The video opens with the assertion: “Trump is causing the stock market crash… but he’s doing it on purpose.” Trump’s “No, he’s not” comment came hours after his economic advisers said in a Sunday television interview that the market should not expect to be rescued from the tariff-driven sell-off.
The Stock Market as well as the Gold Market are now directly piloted by Captain Trump, so keeping an eye on Trump is essential for any trader.
One comment can also break all the technical structures, and we cannot trade the market without knowing what is happening in the market. The market is 50%, the rest is now Trump and a part of the FED along with trade and geopolitical developments.
Technical Outlook Analysis OANDA:XAUUSD
On the daily chart, after the gold price fell, it received support from the lower edge of the price channel, an important position of the current main uptrend.
And the recovery brought the gold price back above the EMA21 level, however, the upside momentum is also limited by the technical level of 3,056USD, pay attention to readers in the weekly publication.
In terms of momentum, the Relative Strength Index RSI approached the level of 50, which is considered a support position for the RSI and the RSI bending upwards will be considered a positive signal for the bullish recovery momentum.
During the day, the technical uptrend of the gold price is still dominant with the price channel as the main trend and the notable positions will be listed as follows.
Support: 3,019 - 3,000 - around the lower edge of the channel
Resistance: 3,056USD
SELL XAUUSD PRICE 3093 - 3091⚡️
↠↠ Stoploss 3097
→Take Profit 1 3085
↨
→Take Profit 2 3079
BUY XAUUSD PRICE 3001 - 3003⚡️
↠↠ Stoploss 2997
→Take Profit 1 3009
↨
→Take Profit 2 3015
XAUUSD Channel Up holding but be ready to short if broken.Gold (XAUUSD) has been trading within a Channel Up on the 4H time-frame, hitting today its 4H MA200 (orange trend-line). That is the first time the price hits this trend-line since February 28 and the previous Higher Low of the pattern.
As long as it holds, expect a Bullish Leg similar to the previous one, to hit first the 0.786 Fibonacci retracement level at 3130 and then the 1.786 extension for a Higher High at 3280.
On the other hand, if we get a candle closing below the 4H MA200, we will be ready to take the loss and go short instead, targeting Support 1 (Feb 28 Low) at 2840, potentially also making contact with the 1D MA100 (red trend-line).
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GOLD MARKET ANALYSIS AND COMMENTARY - [April 07 - April 11]This week, the price of OANDA:XAUUSD increased sharply from 3,076 USD/oz to 3,168 USD/oz, then made a "reverse" move to 3,015 USD/oz and closed this week at 3,038 USD/oz.
The reason why the price of gold increased sharply to 3,168 USD/oz in the trading session on April 3 was because US President Donald Trump decided to impose reciprocal taxes from 10% to 49% on many trading partners. However, it was also because of the tariff issue that caused the gold price to break the upward trend right after the Trump administration announced a list of tariff exemptions for many goods.
Meanwhile, many countries have also proactively negotiated with the US to reduce import taxes on US goods, import more goods from the US to contribute to gradually balancing the trade balance with the US so that the Trump administration can remove tariffs.
In addition, the US non-farm payrolls (NFP) data for March unexpectedly jumped to 228,000 jobs, much higher than the forecast of 137,000 jobs. This shows that the US labor market is still positive, causing investors to believe that the FED may continue to delay cutting interest rates.
In addition, FED Chairman Powell also said that the Trump administration's recent reciprocal tariff policy will cause inflation to increase for a long time, risking pushing the US economy into recession. This implies that the FED will not cut interest rates in the upcoming meetings.
In particular, the stock market has fallen too sharply, causing investors to close profitable gold investment positions to add margin (cover losses) for stocks.
According to many experts, gold prices may continue to adjust next week, but will not fall too deeply. Because the Russia-Ukraine war and armed conflicts in the Middle East are still complicated. Moreover, China has just imposed an additional 34% tax on all US goods. Without hesitation, Canada also imposed a 25% import tax on all cars imported from the US that are not eligible for preferential treatment in the US-Mexico-Canada Agreement (USMCA). If more countries retaliate against the US like China and Canada, the trade war will become increasingly heated, pushing the world economy into instability, increasing the role of gold as a safe haven.
🕹SOME DATA THAT MAY AFFECT GOLD PRICES NEXT WEEK:
Inflation and the Fed will be back in the spotlight next week, with the release of the minutes from the Federal Open Market Committee’s (FOMC) March monetary policy meeting on Wednesday. This will be followed by the US consumer price index (CPI) report for March on Thursday, and the producer price index (PPI) on Friday. Friday morning will also see the latest preliminary survey of consumer sentiment from the University of Michigan – a key indicator of how Americans feel about the outlook for the economy.
📌Technically, observing the H4 chart, it is necessary to pay attention to the important support level at 3,000 USD/oz. If next week the gold price trades above this level, it can re-enter the correction phase to 3085. In case the 3000 round resistance level is broken, the gold price will continue to be under selling pressure, causing the price to drop to around 2,900-2,950 USD/oz.
Notable technical levels are listed below.
Support: 3,019 – 3,000 USD
Resistance: 3,050 – 3,056 USD
SELL XAUUSD PRICE 3093 - 3091⚡️
↠↠ Stoploss 3097
BUY XAUUSD PRICE 2988 - 2990⚡️
↠↠ Stoploss 2984
GOLD corrects after hot rally, conditions remain optimisticOANDA:XAUUSD has retreated from an all-time high of $3,167.67/oz as investors began to take profits after a “parabolic” rally. While the rally was initially fueled by safe-haven demand stemming from US President Donald Trump’s plans for higher tariffs, questions are starting to arise about the sustainability of the rally as buying pressure wanes and the Relative Strength Index (RSI) moves into overbought territory.
Gold has rallied 19% so far in 2025 and this correction could be temporary
Gold prices have rallied 19% this year, supported by multiple macro uncertainties, historic central bank buying and continued inflows into ETFs. Despite the current pullback, from a fundamental perspective, this does not impact the overall bullish fundamental trend and the likelihood of near-term technical consolidation has begun to increase.
Trump’s tariffs a “catalyst” supporting the physical gold market?
Trump's proposal to impose 10% tariffs on most imports has stoked market concerns about slowing economic growth and rising business costs, while risk aversion has pushed gold prices higher.
However, the White House later clarified that "critical raw materials" including gold, copper and energy would be exempt, alleviating some concerns about supply chain disruptions and providing some support to the physical gold market.
Market sentiment remains bullish, with strong buying momentum on dips
Although the technical side is currently under some pressure, the market's optimism remains unshaken. It is difficult to try to assess the peak near the historical high, but it is clear that every pullback is quickly absorbed by buyers, which shows that the underlying bullish sentiment in the market is still strong.
Described by the sharp drop on Thursday, gold recovered very quickly after the drop.
Technical Outlook Analysis OANDA:XAUUSD
Gold may enter a correction phase after a long period of hot growth, depicted by the Relative Strength Index (RSI) falling below the overbought level, breaking the blue bullish channel. In the short term, if gold breaks below the short-term channel, converging with the 0.50% Fibonacci extension level, it will be in a position to correct further with the next target level around $3,066 in the short term, more than $3,040.
However, overall, gold still has a bullish technical outlook with the price channel as the long-term trend and the main support from the EMA21. As long as gold remains within the price channel and above the EMA21, the declines should be considered as corrections and not a trend. On the other hand, once gold recovers from the 0.50% Fibonacci extension and holds above the raw price point of $3,100, it will signal the end of the correction cycle, then the upside target will be the 0.786% Fibonacci extension in the short-term.
During the day, the long-term uptrend with the possibility of a short-term correction will be noticed again by the following positions.
Support: 3,086 – 3,066 – 3,040USD
Resistance: 3,100 – 3,106 – 3,135USD
SELL XAUUSD PRICE 3147 - 3145⚡️
↠↠ Stoploss 3151
→Take Profit 1 3139
↨
→Take Profit 2 3133
BUY XAUUSD PRICE 3061 - 3063⚡️
↠↠ Stoploss 3057
→Take Profit 1 3069
↨
→Take Profit 2 3075
Trump's Tariff War! GOLD nears targetIn Asian trading on Thursday (April 3), the market's risk-off sentiment increased, boosted by Trump's wide-ranging tariff actions. Spot gold prices jumped to $3,167.77/ounce in early trading, up nearly $37 in a day and hitting a new record high.
OANDA:XAUUSD Continues to Rise as Trump Launches Tariff Campaign
The US Dollar fell sharply in Asian trading on Thursday, contributing to the boost in gold prices. The US Dollar Index is currently at around 103.050, down more than 60 points on the day.
On April 2, local time, the White House issued a statement saying that US President Trump declared a national emergency on the same day to enhance US competitiveness, protect US sovereignty, and strengthen US national and economic security. Trump declared this as America's "declaration of economic independence".
The statement said that Trump will impose a 10% "base tariff" on all countries, effective from 0:01 a.m. Eastern time on April 5. In addition, Trump will impose higher, personalized "reciprocal tariffs" on countries with the largest US trade deficits, effective from 0:01 a.m. Eastern time on April 9. All other countries will continue to adhere to the original base tariff of 10%.
Gold prices hit a new record above $3,160 an ounce after US President Donald Trump announced comprehensive “reciprocal” tariffs, imposing a minimum 10% tax on imported goods, raising concerns that this could trigger a global economic recession.
Investors have flocked to gold as concerns about the health of the global economy have grown. Gold prices have risen 20% this year after a strong rally in 2024, driven largely by central bank buying and strong demand in Asia.
AND IT WILL KEEP RISE AS FUNDAMENTAL SUPPORT IS ABSOLUTELY IN PLACE!
Technical Outlook Analysis OANDA:XAUUSD
On the daily chart, after approaching the target level of attention to readers in yesterday's publication at the price point of the 1% Fibonacci extension, there are temporary signs of cooling down, mainly this is considered a correction state after a shock increase.
In terms of trends, gold is currently being noticed by the short-term price channel, this is an uptrend in which the medium-term trend at the price channel is also an uptrend channel, in addition, EMA21 is also the current main support.
On the other hand, the Relative Strength Index (RSI) is also in an uptrend channel, which shows that gold is also in an uptrend in terms of momentum, and a signal for a possible downward correction in terms of momentum can only occur when the RSI folds downwards below 80.
As long as gold remains in the price channel, it is still in an uptrend in the short term, and the notable positions for the day will be listed as follows.
Support: 3,135 – 3,106 – 3,100 USD
Resistance: 3,172 USD
SELL XAUUSD PRICE 3171 - 3169⚡️
↠↠ Stoploss 3175
→Take Profit 1 3163
↨
→Take Profit 2 3157
BUY XAUUSD PRICE 3098 - 3100⚡️
↠↠ Stoploss 3094
→Take Profit 1 3106
↨
→Take Profit 2 3112
Gold is reversing before reaching the round $3,000 mark.Gold is reversing before reaching the round $3,000 mark.
As you can see on the chart, we’ve hit the 227% Fibonacci level.
— Back in 2008, after testing this level, we went into a correction.
— I think we might see a similar scenario play out from here.
Dollar Index:
SP500/SPY:
Middle East heats up, GOLD rises more than 20 USDIn the Asian trading session, the spot price of OANDA:XAUUSD suddenly jumped by more than 20 USD in the short term and the gold price just touched 3,135 USD/ounce. The situation in the Middle East suddenly became tense and the US Department of Defense sent more aircraft carriers and bombers to the Middle East, increasing risk aversion, which boosted the demand for safe havens.
The latest news from Bloomberg News in the US said that in the context of the US declaring to continue the fight against the Iran-backed Houthi rebels and escalating tensions with Iran over Iran's nuclear program, US Secretary of Defense Pete Hegseth ordered the dispatch of more troops to the Middle East, including the USS Carl Vinson aircraft carrier strike group and many fighter jets.
The Carl Vinson will arrive in the region after completing the Indo-Pacific exercise. Pentagon spokesman Sean Parnell said in a statement Tuesday that the Defense Department will also extend the deployment of the USS Harry S. Truman Carrier Strike Group in the region. The rare deployment of two aircraft carriers echoes a show of force last year under the Biden administration.
"Secretary Hegseth made clear once again that if Iran or its proxies threaten U.S. personnel and interests in the region, the United States will take decisive action to protect our people," Parnell said.
Iran's Supreme Leader Ayatollah Ali Khamenei said on Monday that any attack by the United States or Israel would be met with "decisive retaliation." US President Donald Trump has previously threatened to bomb Iran if it does not sign a deal to give up its nuclear weapons.
Last week, Iranian Foreign Minister Abbas Araghchi said there would be no direct talks with the United States as long as the Trump administration continued its "military threats." "If there is no deal, the bombing will come," Trump warned in an interview last weekend.
Technical Outlook Analysis OANDA:XAUUSD
On the daily chart, gold tested the 0.786% Fibonacci extension level and declined slightly after receiving support from the 0.618% Fibonacci extension level. As we have communicated to our readers in previous publications, given the current fundamental context and technical chart conditions, further price declines are possible, but should only be considered as short-term corrections and not a trend. Or we can consider the downward corrections as another buying opportunity.
As long as gold remains within the price channel, there is still a long-term main uptrend, with the main support from the EMA21 and the short-term trend is highlighted by the price channel.
For now, gold is capped by the $3,135 level, once this level is broken above gold, there will be conditions to continue to refresh the all-time high set on yesterday's trading day with the next target being the $3,172 price point of the 1% Fibonacci extension.
During the day, the bullish outlook of gold will be highlighted by the following technical levels.
Support: $3,108 – $3,100 – $3,086
Resistance: $3,135 – $3,149 – $3,172
SELL XAUUSD PRICE 3171 - 3169⚡️
↠↠ Stoploss 3175
→Take Profit 1 3163
↨
→Take Profit 2 3157
BUY XAUUSD PRICE 3085 - 3087⚡️
↠↠ Stoploss 3081
→Take Profit 1 3093
↨
→Take Profit 2 3099
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
XAUUSD: Flashing a strong sell signal.Gold is highly overbought on its 1D technical outlook (RSI = 75.258, MACD = 52.020, ADX = 63.587) and today is having its first strongly bearish 4H candle. This is because the price hit the top of March's Channel Up and got rejected. The HH should now give way to a bearish wave for a HL on the 4H MA50. This is a validated sell opportunity to go for yet another -1.80% decline and target the bottom of the pattern (TP = 3,093).
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Gold Miners Stocks Go 'The Rife Game' in Town. Here's WhyGold mining stocks have emerged as one of the top-performing asset classes in 2025, driven by a combination of surging gold prices, improved profitability, and shifting investor sentiment.
Here’s fundamental and technical analysis of the key factors behind this outperformance, by our @PandorraResearch Super-Duper Beloved Team :
Record-High Gold Prices Fuel Margins
Gold prices surpassed $3,000 per ounce in March 2025 for the first time in history, marking a 14% year-to-date increase. This rally stems from:
Safe-haven demand amid geopolitical tensions, economic and political uncertainty including U.S. trade policy volatility.
Central bank buying , particularly by China, India, Turkey, and Poland, to diversify away from the U.S. dollar.
Anticipated interest rate cuts , which reduce the opportunity cost of holding non-yielding assets like gold.
Higher gold prices directly boost miners’ revenues.
For example, the NYSE Arca Gold Miners Index NYSE:GDM returned nearly 30% YTD by early March, outpacing both physical gold OANDA:XAUUSD (+14.5%) and the S&P 500 SP:SPX (-3.8%). Companies like Agnico Eagle Mines NYSE:AEM and Wheaton Precious Metals NYSE:WPM reached all-time highs, while ASX-listed miners such as Evolution Mining ASX:EVN (+39.5% YTD) and West African Resources ASX:WAF (+56.6% YTD) outperformed Australia’s broader market.
Margin Expansion and Shareholder Returns
Gold miners are leveraging rising prices to improve profitability:
Stabilized costs for labor, energy, and equipment have widened profit margins.
Free cash flow growth enabled dividend hikes and share buybacks. U.S. Global Investors, for instance, offers a 3.91% annualized dividend yield.
Undervalued stocks: Many miners traded at historically low valuations relative to gold prices, creating buying opportunities. Barrick Gold NYSE:GOLD (P/E 15.6) and Newmont Corp NYSE:NEM (P/E 15.5) remained attractively priced despite gains.
Royal Gold NASDAQ:RGLD , a streaming company with a 60.3% operating margin, exemplifies how non-traditional miners capitalize on gold’s rally without direct operational risks.
Sector-Specific Catalysts
Mergers and acquisitions. Consolidation activity has increased, with larger firms acquiring high-potential projects.
Copper exposure. Miners like Evolution Mining benefit from rising copper demand, diversifying revenue streams.
Institutional upgrades. Analysts at Macquarie and Morgan Stanley endorsed Newmont and Evolution Mining, citing currency tailwinds and free cash flow potential.
Macroeconomic and Market Dynamics
Dollar weakness. A declining U.S. dollar enhances gold’s appeal as a hedge.
Equity market volatility. With the S&P 500 struggling, investors rotated into gold equities for diversification (0.3 correlation to broader markets).
Fiscal deficits. U.S. budget imbalances and inflationary pressures reinforced gold’s role as a store of value.
Outlook for 2025
Analysts project further gains, with gold potentially reaching $3,300 per ounce. Miners are expected to sustain momentum through:
Operational efficiency improvements to align with higher gold prices.
Continued capital discipline , avoiding overinvestment in new projects.
Dividend growth , as seen with U.S. Global Investors’ monthly payouts.
Technical Outlook
The main technical graph for Gold Miners ETF AMEX:GDX indicates on further Long-Term Bullish opportunity, to double the price over next several years, in a case of the epic $45 mark breakthrough.
Conclusion
In summary, gold miners’ 2025 rally reflects a confluence of macroeconomic uncertainty, disciplined capital management, and gold’s structural demand drivers. While risks like cost inflation persist, the sector’s fundamentals and valuation upside position it as a compelling component of diversified portfolios.
--
Best 'Golden Rife' wishes,
@PandorraResearch Team 😎
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
GOLD surges above $3,100 as April 2 approachesThe international OANDA:XAUUSD has jumped above 3,100 USD for the first time in this trading day, as concerns about US President Donald Trump's tariff policy and its possible economic consequences, along with geopolitical uncertainties, have prompted a new round of safe-haven investment.
As of press time, spot OANDA:XAUUSD was up 0.86% at $3,111/oz, having earlier hit an all-time high of $3,111.55, surpassing the all-time high set last Friday.
Trump signed a proclamation last week imposing a 25% tariff on imported cars, and markets are bracing for so-called “reciprocal tariffs” that the White House is expected to announce on Wednesday.
Gold has hit a record high and is up more than 18% this year, cementing its status as a hedge against economic and geopolitical uncertainty.
Earlier this month, gold prices broke through the psychological $3,000 mark for the first time, a milestone that reflects growing market concerns about economic uncertainty, geopolitical tensions and inflation that will continue to drive gold higher.
Since taking office, Trump has pushed through a series of new tariffs to protect U.S. industry and reduce the trade deficit, including a 25% tariff on imported cars and parts and an additional 10% tariff on all imports from China. He plans to announce a new round of reciprocal tariffs on April 2.
In addition to trade tensions, strong central bank demand for gold and inflows into exchange-traded funds (ETFs) will continue to support the incredible rally in gold prices this year.
In short, until there is a resolution to this back-and-forth tariff war, the tariff issue will continue to push prices higher in the near term.
Technical Outlook Analysis OANDA:XAUUSD
On the daily chart, gold has achieved a key bullish target at the confluence of the 0.50% Fibonacci extension with the upper edge of the price channel. Once gold breaks this level (3,113 USD), it will be eligible for further upside with the next target around 3,139 USD in the short term, which is the price point of the 0.618% Fibonacci extension.
In the meantime, the steep RSI remains active in the 80-100 area but shows no signs of weakening or correction, so in terms of momentum, the bullish momentum remains very strong.
As long as gold remains within the channel, it has a medium-term bullish outlook, otherwise the channel will become a short-term bullish trend channel.
During the day, the bullish outlook for gold will be highlighted by the following technical levels.
Support: 3,086 – 3,057 – 3,113 USD
Resistance: 3,139 USD
SELL XAUUSD PRICE 3140 - 3138⚡️
↠↠ Stoploss 3144
→Take Profit 1 3132
↨
→Take Profit 2 3126
BUY XAUUSD PRICE 3085 - 3087⚡️
↠↠ Stoploss 3081
→Take Profit 1 3093
↨
→Take Profit 2 3099
GOLD MARKET ANALYSIS AND COMMENTARY - [March 31 - April 04]This week, the international OANDA:XAUUSD increased sharply from 3,003 USD/oz to 3,087 USD/oz and closed this week at 3,085 USD/oz.
The reason for the sharp increase in gold prices is that US President Donald Trump decided to impose a 25% tax on imported cars into the US. This seems to go against Mr. Trump's previous statement about "easing" tariffs, causing investors to worry that US partner countries will retaliate, making the global trade war more intense.
Some countries, such as the UK and Japan, have taken some steps to appease and actively negotiate to avoid US tariffs, while many other countries have announced their readiness to retaliate against US tariffs. Therefore, many experts believe that the tariff policy announced by Mr. Trump on April 2 will be very unpredictable.
If Mr. Trump still decides to impose tariffs on many countries, the gold price next week may continue to increase sharply, far exceeding 3,100 USD/oz. However, if Mr. Trump narrows the scale of tariffs as announced and does not impose additional industry-specific tariffs on lumber, semiconductors, and pharmaceuticals, the gold price next week is at risk of facing strong profit-taking pressure, especially when the gold price is already deep in the overbought zone.
In addition to the Trump administration's tax policy, investors also need to pay close attention to the US non-farm payrolls (NFP) report to be released next weekend, because this index will directly impact the Fed's interest rate policy.
🕹SOME DATA THAT MAY AFFECT GOLD PRICES NEXT WEEK:
The most notable economic news in the coming week will be the US implementation of global trade tariffs on Wednesday, along with the March non-farm payrolls report due Friday morning. Experts warn that both events could increase the appeal of gold as a safe-haven asset. In addition, a number of other important US economic data will be released, including the ISM manufacturing PMI and JOLTS job vacancies on Tuesday, the ADP employment report on Wednesday, along with the ISM services PMI and weekly jobless claims on Thursday.
📌Technically, short-term perspective on the H1 chart, gold price next week may continue to surpass the 3100 round resistance level, approaching the Fibonacci 261.8 level around the price of 3,123 USD/oz. The current support level is established around the 3057 level, if next week gold price trades below this level, gold price is at risk of falling to around the 3,000 USD/oz round resistance level.
Notable technical levels are listed below.
Support: 3,057 – 3,051USD
Resistance: 3,100 – 3,113USD
SELL XAUUSD PRICE 3133 - 3131⚡️
↠↠ Stoploss 3137
BUY XAUUSD PRICE 2999 - 3001⚡️
↠↠ Stoploss 2995
XAUUSD Time to start selling?Gold (XAUUSD) finally hit our 3 month $3000 target that we've been pursuing since the very first week of this year (January 06, see chart below) and in later stages upgraded to $3100:
Now the price has reached the top of the 1.5-year Channel Up, forming a similar 1D MACD peak formation while completing the +22.50% rise that the previous two major Bullish Legs had. As you can see, the pattern makes its Higher High on the 2nd MACD Bearish Cross and in 2 out of 3 Bearish Legs it retraced all the way to the 0.5 Fibonacci level, while on the remaining it the correction was contained to just above the 0.382 Fib.
On all cases the price came close to the 1D MA100 (green trend-line) before bottoming. As a result, even though some more Trump announcements may cause a momentary push upwards, we technically think that it is a solid level to turn bearish now with a fair 2900 Target on the 0.382 Fibonacci where by the end of April it should come close to the 1D MA100.
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