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GC1! (Gold Futures)

GOLD SILVER PLATINUM COPPER: Metals Are Bullish! Wait For Buys!This is a FUTURES market outlook for the Metals, for the week of March 24-28th. In this video, we will analyze the following markets: GC | Gold SIL | Silver PL | Platinum HG | Copper The USD continues its bearish ways this upcoming weak. It's currency counterparts will likely see some upside this week. Especially the JPY. Patience and an ear to the news will be the best way to approach the equity markets. The same would also apply to news sensitive commodity markets like US OIL, Gold and Silver. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
COMEX:GC1!Long
by RT_Money
GOLD MARKET ANALYSIS AND COMMENTARY - [March 24 - March 28]Last week, although the OANDA:XAUUSD had a sharp decrease in the last 2 sessions of the week, overall, the gold price this week continued to increase for the 3rd consecutive week. After opening at 2,985 USD/oz, the gold price increased to 3,057 USD/oz, but then dropped sharply to 2,999 USD/oz in the last session of the week, then recovered and closed the week at 3,023 USD/oz. The reason why the gold price decreased sharply in the last session of last week was because the USD increased again after the FED meeting, when some US economic indicators, such as initial unemployment benefits, production index... were all at a positive level, showing that the US economy has not shown any signs of recession. In addition, some FED officials said that the FED is not in a hurry to continue cutting interest rates, although the FED's dot chart previously showed that the FED will still aim to cut interest rates twice this year. This week, the US will release a number of important indicators, such as PMI, consumer confidence, revised Q4/2024 GDP, and personal consumption expenditures (PCE). Of these, PCE will receive special attention from the market, because this index is the inflation measure that the FED is most interested in. If PCE increases sharply, the FED will continue to cut interest rates. On the contrary, the FED will continue to keep interest rates unchanged in the upcoming meetings. 🕹SOME DATA THAT MAY AFFECT GOLD PRICES NEXT WEEK: Several key economic data releases this week, including the S&P Global Manufacturing and Services PMIs on Monday and the U.S. Consumer Confidence Index on Tuesday, will give the market a clearer picture of where the U.S. economy is headed. However, the most important data for investors will be the Federal Reserve's preferred inflation gauge, the core personal consumption expenditures (PCE) index, due Friday morning. Other notable data releases include new home sales on Tuesday, durable goods orders on Wednesday, and pending home sales, weekly unemployment figures, and U.S. fourth-quarter GDP on Thursday. 📌Technically, the key support level for gold this week is around $2,954/oz, while the resistance level is at $3,057/oz. If gold continues to break above $3,057/oz next week, it could open the door for a further rally towards the $3,100/oz resistance zone. On the contrary, gold could face profit-taking pressure, causing the price to fall to around $2,950/oz. Notable technical levels are listed below. Support: 3,021 – 3,000USD Resistance: 3,051 – 3,057 – 3,065USD SELL XAUUSD PRICE 3101 - 3099⚡️ ↠↠ Stoploss 3105 BUY XAUUSD PRICE 2949 - 2951⚡️ ↠↠ Stoploss 2945
OANDA:XAUUSDLong
by Xayah_trading
GOLD at absolute fundamental support but RSI overboughtOANDA:XAUUSD have now fallen to around $3,048/ounce, down $9 from the historic high reached in early Asian trading today, March 20. On Thursday, the US Federal Open Market Committee (FOMC) announced its interest rate decision and summarized economic expectations; Federal Reserve Chairman Powell held a press conference on monetary policy. The FOMC kept its policy rate unchanged at 4.25% - 4.50% after the Trump administration imposed tariffs, while officials raised their inflation forecasts for this year and lowered their economic growth forecasts. After concluding a two-day monetary policy meeting, the Federal Reserve announced at 2 p.m. ET on Wednesday that it would maintain its benchmark interest rate at 4.25% to 4.5% and announced it would slow the pace of its balance sheet reduction starting in April. The Fed also released its FOMC statement, predicting rising U.S. inflation and lowering its economic growth forecast. Amid signs of stagflation, the Fed still announced that it would cut interest rates twice by 2025, similar to the dovish signal it gave when it cut interest rates sharply last September. The statement noted that recent indicators show that economic activity continues to grow at a solid pace. In recent months, unemployment has remained low, labor market conditions have remained strong, and inflation has remained moderately elevated. Federal Reserve Chairman Powell first mentioned tariffs at a press conference after the meeting, acknowledging that Trump’s policies have affected the economy. Powell also indicated that the policies of the new Trump administration will affect the economy, but he will be careful to avoid making too clear assessments of this impact. Powell also used the word “uncertainty” several times. He reiterated that there is still uncertainty about the potential impact of tariffs on the U.S. economy and highlighted the risks to the Fed’s expectations for employment and inflation. – Bloomberg – Last week, US President Trump raised tariffs on steel and aluminum imports to 25% and said new reciprocal tariffs and industrial duties would take effect on April 2. On the geopolitical front, hostilities between Russia and Ukraine continued despite a 30-day ceasefire aimed at halting attacks on energy facilities. Meanwhile, conflict in the Middle East escalated as Reuters reported that an Israeli airstrike on Tuesday killed 400 people. Two UN staff were killed in an attack on the UN building in Deir el Balah, central Gaza Strip, a UN source told AFP on Wednesday. Gold prices have risen more than 15% this year. Gold has long been seen as a safe investment in times of economic or geopolitical uncertainty, and since it does not yield interest, it is even more attractive in a low-interest-rate environment. Technical outlook for OANDA:XAUUSD Gold continues to refresh its all-time highs as it finds support from the 0.50% Fibonacci extension noted by readers in yesterday’s edition and currently has no technical barriers ahead, with the next upside target being the 0.618% Fibonacci extension. While all technical conditions are in favor of the upside with the channel acting as short-term support and the RSI showing no signs of a significant downside correction, downside corrections when they do occur are typically strong after a long period of hot growth like the current one. Traders can definitely prepare for a downside correction with a target of around $3,037 in the short term and the 0.618% Fibonacci extension is a position that can fit this expectation. I will try to describe that if you try to sell around the 0.618% Fibonacci level is a counter-trend decision, but since the RSI has been operating in the overbought area and 6 consecutive bullish sessions have occurred, there is a possibility for a downside correction. However, the need to do for the expectation (Adjustment) means that the open short positions should be completed in the short term because it is counter-trend. During the day, the uptrend in gold prices with the expectation of a downside correction will be noticed again by the following technical levels. Support: $3,037 – $3,021 – $3,000 Resistance: $3,065 SELL XAUUSD PRICE 3101 - 3099⚡️ ↠↠ Stoploss 3105 →Take Profit 1 3093 ↨ →Take Profit 2 3087 BUY XAUUSD PRICE 2999 - 3001⚡️ ↠↠ Stoploss 2995 →Take Profit 1 3007 ↨ →Take Profit 2 3013
OANDA:XAUUSDLong
by Xayah_trading
1
XAUUSD: Topped. Correction to 2,815 imminent.Gold is overbought on its 1D technical outlook (RSI = 72.881, MACD = 47.430, ADX = 30.048) and is headed for the top (HH) of the 3 month Channel Up. The 1D RSI is on the very same LH formation as the top of the previous Channel Up on October 30th 2024. That resulted to a 1D MA100 pullback on the 0.5 Fibonacci retracement level. Consequently, we turn bearish here, aiming for the 0.5 Fib (TP = 2,815). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDShort
by InvestingScope
1
XAUUSD Major 25-year Resistance getting tested!Gold (XAUUSD) has been on a multi-decade uptrend since the 2000 bottom and shortly after the launch of its ETF. With the exception of the aggressive 2006 break-out, the majority of its price action has been inside the (blue) Channel Up but the use of the Fibonacci extension Channel allows us to catch the key levels of the post 2006 action too. What's more important is that the market is testing the top of that (blue) Channel Up, i.e. the 1.0 Fibonacci level, for the first time since August 2020, which was a major market top and the start of a 3-year Bear Phase. As mentioned, the only time this Resistance broke was in April 2006, when Gold truly turned parabolic. The question is, what will it be this time? A macro level bullish break-out to the Fib 1.5 extension or the more short-term dynamic of the top of the blue Channel Up and a rejection back to the long-term Support of 1M MA50 (blue trend-line)? Tell us your thoughts in the comments section! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSD
by TradingShot
GOLD Reached it's Apex and is ready for a dumpIn my earlier posts I said that Gold has the potential to reach the U-MLH, which has become true. Up there, the price of Gold is stretched. Yes it can go up even more beyond the Upper-Medianline-Parallel. But the overall numbers of occurrences are small. So, at this natural stretch, price has a high probability to revert to the mean. And this is supported by the fact, that the overall indexes are heavenly oversold and already showing the signs of a pullback to the North (see my last NQ post). Why not just watch how it plays out, and make a decision for a trade after the FOMC, or even tomorrow. Don't rush into these unknowing situations. Be patient and wait for clear signs to take action.
COMEX:GC1!Short
by Tr8dingN3rd
Gaza conflict and Trump tariffs push GOLD higher againOANDA:XAUUSD rose more than 1% on Tuesday to a new record high and are currently trading around $3,035/oz, close to yesterday's peak. Trade uncertainty due to rising tensions in the Middle East and US President Trump's tariff plans have boosted investor demand for safe-haven assets. Israeli airstrikes kill more than 400 in Gaza Early Tuesday morning local time, the Israeli military carried out heavy airstrikes on Gaza City in the northern Gaza Strip, Deir el Balah, the Nusayrat refugee camp in the central Gaza Strip, as well as Khan Yunis and Rafah in the south. The British news agency Reuters reported that Israeli airstrikes killed more than 400 people in Gaza, threatening a two-month ceasefire. Israeli Prime Minister Benjamin Netanyahu said the airstrikes were carried out because Hamas has repeatedly refused to release Israeli detainees. Defense Minister Israel Katz warned that if Hamas does not release the detainees, "our attacks will intensify." Hamas said Israel's move was a unilateral end to the ceasefire, leaving Israelis held in Gaza "to face an unknown fate." There were unconfirmed reports that an Iranian vessel collecting intelligence during the Gaza offensive was sunk by US forces, escalating tensions in the Middle East. Saudi media reported on Tuesday that the Iranian Navy's most advanced intelligence ship, the Zagros, was hit by an unidentified missile in the Red Sea on Monday evening local time, causing its hull to be damaged, leaking and sinking. World Media reported that the US military was then attacking Houthi armed forces in the area outside the Red Sea, while the Israel Defense Forces conducted a large-scale bombing of Gaza, and the origin of the missile that hit the Iranian naval vessel could not be determined. Trump's Tariffs Meanwhile, US President Trump has proposed a series of US tariff plans, including a 25% flat tariff on steel and aluminum (which took effect in February), as well as reciprocal tariffs and sectoral tariffs that will be applied on April 2. Trump said he would impose general reciprocal tariffs on April 2, with additional tariffs targeting specific industries. Trump told reporters on Air Force One on Sunday that both tariffs would be applied to foreign goods imported into the United States “under certain circumstances,” “They tax us, we tax them, and then we’ll tax other industries beyond autos, steel, aluminum.” Ultimately, Gold is often considered a safe investment in times of economic or geopolitical uncertainty, and in the current environment, it is still fundamentally well supported. There are also many other supports such as demand from central banks, national reserves, and ETF volumes, the decline of the Dollar, the Fed's monetary policy, etc. Readers can review previous publications for more information. Technical outlook analysis of OANDA:XAUUSD On the daily chart, although the RSI is operating in the overbought area, it has not shown any signal to indicate a significant downside correction. A signal for a correction is a crossover of the RSI below 80. Meanwhile, the sustained price action above the 0.50% Fibonacci extension level is a positive signal with the expectation of further upside and the next target is the 0.618% Fibonacci extension position at the price point of $3,065. Currently, there is no notable resistance ahead, so until the level of 3,065 USD gold can still rise freely. The intraday uptrend of gold will be noticed again by the following notable positions. Support: 3,021 – 3,000 USD Resistance: 3,065 USD SELL XAUUSD PRICE 3068 - 3066⚡️ ↠↠ Stoploss 3072 →Take Profit 1 3060 ↨ →Take Profit 2 3054 BUY XAUUSD PRICE 2984 - 2986⚡️ ↠↠ Stoploss 2980 →Take Profit 1 2992 ↨ →Take Profit 2 2998
OANDA:XAUUSDLong
by Xayah_trading
GOLD MARKET ANALYSIS AND COMMENTARY - [March 17 - March 21]Last week, the international OANDA:XAUUSD increased sharply, from 2,880 USD/oz to 3,005 USD/oz. Then, profit-taking pressure caused the gold price to drop to 2,978 USD/oz and closed the week at 2,986 USD/oz. The reason for the sharp increase in gold prices in recent days is that US inflation figures (CPI, PPI) have decreased more sharply than expected, raising expectations that the FED will cut interest rates twice more this year. In addition, concerns about US public debt have increased as the US Congress is unlikely to pass the Budget Bill, putting the US government at risk of a shutdown. The FED meeting next week will play an important role in shaping expectations about the FED's interest rate policy. This could be the main driver for gold prices next week, given the inverse correlation between gold and the USD. However, in recent comments, the FED Chairman has remained cautious about inflationary pressures due to concerns that the Trump administration's tariff policies will fuel inflation in the medium and long term. Therefore, it is possible that the FED Chairman will continue to maintain interest rates at current levels in the next meetings. If so, this will be a shock to gold prices next week, causing gold prices to fall next week. 🕹SOME DATA THAT MAY AFFECT GOLD PRICES NEXT WEEK: This week is shaping up to be a volatile one for gold, with markets digesting a number of key economic releases. Central banks continue to dominate the calendar, with the Bank of Japan announcing its interest rate decision on Tuesday, followed by the Federal Reserve on Wednesday and the Swiss National Bank and Bank of England on Thursday. There are also a number of key US economic data releases, including Retail Sales and the Empire State Manufacturing Index on Monday, Housing Starts and Building Permits on Tuesday. On Thursday, markets will be watching the weekly Unemployment Report, Existing Home Sales and the Philadelphia Fed Manufacturing Survey. 📌Technically, in the short-term perspective on the H1 chart, gold prices next week may maintain their upward momentum to find the 161.8 fibo level around 3035. Or they may temporarily reduce and adjust around the Trendline at 2915. Notable technical levels are listed below. Support: 2,977 – 2,956 USD Resistance: 3,000 – 3,021 USD SELL XAUUSD PRICE 3036 - 3034⚡️ ↠↠ Stoploss 3040 BUY XAUUSD PRICE 2914 - 2916⚡️ ↠↠ Stoploss 2910
OANDA:XAUUSDLong
by Xayah_trading
GOLD surges as geopolitical risks unexpectedly boost gainsOANDA:XAUUSD continued to rise in the short term, with gold prices just hitting a new all-time high of $3,014/oz. As investors focused on US economic data, which raised concerns about an economic slowdown, and escalating tensions in the Middle East, the precious metal's appeal as a safe haven was highlighted. Israel Strikes Hamas Targets Across Gaza, Killing Over 200 Israel said it carried out military airstrikes on Hamas targets in the Gaza Strip, a move that risks derailing a fragile ceasefire. Palestinians reported multiple airstrikes by Israel on various areas of the Gaza Strip. Traders were also looking at U.S. retail sales data, which showed a smaller-than-expected increase in February. Falling yields on 10-year U.S. Treasury notes also helped boost non-interest-bearing gold. Israel has launched a series of airstrikes on the Gaza Strip as a nearly two-month-old ceasefire appeared to be rapidly unraveling, with Prime Minister Benjamin Netanyahu saying his government would “increase its military force” against Hamas. Palestinians reported Israeli airstrikes in several areas of Gaza on Tuesday morning, and an Israeli statement confirmed the attacks took place across Gaza. Hamas’ media office said on Tuesday that Israeli airstrikes on the Gaza Strip had killed more than 200 people. The attack shattered a fragile ceasefire that had been suspended for 15 months in the war ravaging the Gaza Strip. It was the heaviest bombing since a ceasefire brokered by Egypt, Qatar and other countries took effect in January. Technical Outlook Analysis OANDA:XAUUSD After reaching and breaking the original price level which is also the bullish price target of 3,000 USD, gold is continuing to aim for the target level behind that, pay attention to readers last week at 3,021 USD in the short term, which is the location of the 0.50% Fibonacci extension level. Meanwhile, the Relative Strength Index (RSI) is sloping up with a significant slope and has not completely moved above the overbought area, showing that momentum and room for growth is still ahead. Next, the main trend and outlook remains bullish with price channels and mid- to short-term trend. The main support is seen by the EMA21. As long as gold remains above the EMA21, it remains technically bullish, the current dips should only be considered as a short-term correction or a buying opportunity. The following areas of interest will also be noted. Support: $3,000 – $2,977 Resistance: $3,021 – $3,065 SELL XAUUSD PRICE 3036 - 3034⚡️ ↠↠ Stoploss 3040 →Take Profit 1 3028 ↨ →Take Profit 2 3022 BUY XAUUSD PRICE 2949 - 2951⚡️ ↠↠ Stoploss 2945 →Take Profit 1 2957 ↨ →Take Profit 2 2963
OANDA:XAUUSDLong
by Xayah_trading
1
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 😎
AMEX:GDX
by PandorraResearch
GOLD nears $3,000 as trade tensions escalateOANDA:XAUUSD have surged to an all-time high, just shy of the key $3,000-an-ounce mark as global trade tensions and expectations of a Federal Reserve rate cut push them closer to a record high. They have risen nearly 14% this year, following a 27% gain in 2024. WASHINGTON (Reuters) - President Donald Trump on Thursday threatened to impose 200% tariffs on wine, champagne and other alcoholic beverages from France and the rest of the European Union, marking a further escalation in global trade tensions. Trump tweeted Thursday that he would impose import tariffs if the European Union continues to impose duties on U.S. whiskey exports. The EU's move is in retaliation for Trump's steel and aluminum tariffs that took effect on Wednesday. Trump also had harsher words for the European Union. The EU has been one of the United States' closest allies for decades. Trump posted on his Truth Social platform: "The European Union is one of the most hostile and abusive tax and tariff organizations in the world, and their sole purpose is to take advantage of the United States. They just put a disgusting 50% tariff on whiskey. If this tariff is not removed immediately, the United States will soon put a 200% tariff on all wine, champagne and spirits coming from France and other EU member states. This will be a tremendous boon to the American wine and champagne industry." Trump’s trade policy changes have boosted the price of gold, an asset favored by investors during times of geopolitical and economic uncertainty. In addition, the Wall Street Journal reported that Russian President Vladimir Putin had rejected plans for an immediate ceasefire in Ukraine, which also contributed to the safe-haven buying of gold. Russian President Vladimir Putin said Thursday that Russia will not agree to an immediate end to fighting in Ukraine and called for further discussions on ending the war permanently, The Wall Street Journal reported. Moscow’s military is now advancing rapidly, aiming to push Ukrainian troops out of the Kursk region. Putin said any ceasefire at this stage would be in Ukraine’s interests because Russia is winning on the battlefield and there are many issues that need to be resolved before a ceasefire can be reached. SPDR Gold Trust, the world's largest gold ETF, said its holdings rose to 907.82 tonnes on February 25, the highest since August 2023. Meanwhile, data from China's central bank showed China bought gold for a fourth straight month in February. Over the weekend, data on US consumer confidence and inflation expectations will be less in the spotlight than tariffs and geopolitical headlines. For economic data, readers can find more details in the signature section through brief comments during the day. Technical Outlook Analysis OANDA:XAUUSD On the daily chart, gold is down slightly year-to-date after approaching the important raw price level of $3,000. The current correction is also not significant as the uptrend will still dominate the chart with the price channel as the nearest support at present, the main support is noted by the EMA21 and the other support is the 0.382% Fibonacci extension level. Meanwhile, the Relative Strength Index (RSI) has not yet risen above the overbought zone, indicating that there is still room for upside. Intraday, as long as gold remains above the price channel and the 0.382% Fibonacci extension level, its main short-term outlook remains bullish. Even if gold falls below the aforementioned support area, it remains in an overall bullish trend, so the current declines should be viewed as a short-term correction or a buying opportunity. Next, the target will be the full price point of $3,000 in the short term and more at the 0.50% Fibonacci extension level. The notable positions for the day are listed as follows. Support: $2,977 – $2,956 Resistance: $3,000 – $3,021 SELL XAUUSD PRICE 3037 - 3035⚡️ ↠↠ Stoploss 3041 →Take Profit 1 3029 ↨ →Take Profit 2 3023 BUY XAUUSD PRICE 2949 - 2951⚡️ ↠↠ Stoploss 2945 →Take Profit 1 2957 ↨ →Take Profit 2 2963
OANDA:XAUUSDLong
by Xayah_trading
GOLD hits Bullish targets, heading for all-time highAs tariff uncertainty pushed money into safe havens, cooling US inflation kept market expectations of a Fed rate cut intact and optimism over a ceasefire between Russia and Ukraine cooled, OANDA:XAUUSD surged and broke out of its recent sideways consolidation trading range. OANDA:XAUUSD surged past the $2,942/oz target on safe-haven demand. Weaker US CPI data also supported expectations of a Federal Reserve rate cut, pushing gold higher. The US consumer price index (CPI) rose 2.8% year-on-year in February, slightly below the 2.9% expected and down from January's 3.0%. The year-on-year increase in the core CPI, which excludes volatile food and energy prices, eased to 3.1% from January's 3.3%. Recent news of a ceasefire between Russia and Ukraine also cooled earlier optimism. British news agency Reuters reported on Wednesday that Russian officials were skeptical about the U.S. proposal for a 30-day ceasefire in Ukraine. Kremlin spokesman Dmitry Peskov said on Wednesday that the Kremlin was still waiting for the United States to announce its proposal for a ceasefire in Ukraine. The Kremlin needs to hear the results of the U.S.-Ukraine talks before commenting on whether Russia can accept the ceasefire. Commenting on a ceasefire proposal that has been accepted by both U.S. and Ukrainian officials, an influential Russian lawmaker insisted on Wednesday that any deal must be reached on Russian terms, not U.S. A senior Russian source said President Vladimir Putin would be unlikely to agree to a ceasefire proposal without finalizing the terms and receiving some guarantees. Ukraine accepted a US proposal for a 30-day ceasefire with Russia on Tuesday in exchange for the Trump administration resuming suspended military aid and intelligence sharing. The deal was announced by US and Ukrainian officials after eight hours of talks in Saudi Arabia on Tuesday. Trump said US officials would meet with their Russian counterparts on Wednesday and he could meet with Russian President Vladimir Putin this week. The World Gold Council (WGC) revealed that central banks continued to buy gold. The People's Bank of China and the National Bank of Poland added 10 tonnes and 29 tonnes of gold, respectively, in the first two months of 2025. Traders will next keep a close eye on the release of the US producer price index (PPI) for February, initial jobless claims and the University of Michigan consumer sentiment data. OANDA:XAUUSD technical outlook analysis On the daily chart, as of the time of writing, gold has achieved all the bullish targets noted by readers in the weekly publication, along with all the conditions for the possibility of a price increase when there is no more resistance ahead other than the all-time high. The short-term price channel is noted as the trend at the moment, along with the Relative Strength Index RSI maintaining above 50, surpassing 61, showing that the bullish momentum dominates the market and there is still a lot of room for price increase ahead because it is still quite far from reaching the overbought area. The most notable supports now are the $2,929 level in the short term, followed by the EMA21 area. Overall, the uptrend is dominating on the daily chart, with notable price levels listed below. Support: $2,929 – $2,915 Resistance: $2,956 SELL XAUUSD PRICE 2761 - 2974⚡️ ↠↠ Stoploss 2980 →Take Profit 1 2968 ↨ →Take Profit 2 2962 BUY XAUUSD PRICE 2904 - 2906⚡️ ↠↠ Stoploss 2900 →Take Profit 1 2912 ↨ →Take Profit 2 2918
OANDA:XAUUSDLong
by Xayah_trading
1
GOLD recovers and stays above $2,900, pay attention to CPI dataOANDA:XAUUSD rebounded, driven mainly by safe-haven flows as trade war concerns dampened market risk sentiment and markets focused on US inflation data. TVC:DXY hit a four-month low, making gold more attractive. Meanwhile, the main event of the week is the US CPI report today (March 12), which could cause major market moves. Positive data could lead to a sharp sell-off in gold, while weak data could give the green light for further gains in gold. CPI is expected to have risen 0.3% in February, according to a Reuters poll. The New York Federal Reserve's latest consumer expectations survey forecasts inflation at 3.1% over the next year, up slightly from 3% in January. Markets are now expecting the Federal Reserve to cut interest rates in June. Technical Outlook Analysis OANDA:XAUUSD On the daily chart, in terms of trend, gold is still in the accumulation phase after recovering from the $2,880 level noted by readers in the previous editions and the break above the $2,900 level provides conditions for further testing of the $2,929 level in the short term. For now, gold is still trading around the EMA21 and is still in a consolidation state, but in terms of technical conditions, it is more likely to increase in price. With the price channel as a short-term trend, and the RSI activity above 50, quite far from the overbought zone, it shows that the bullish momentum is still ahead. However, the technical chart still needs a strong impact to break the current accumulation structure. And during the day, the notable positions will be listed as follows. Support: 2,900 - 2,880 USD Resistance: 2,929 - 2,942 USD SELL XAUUSD PRICE 2961 - 2959⚡️ ↠↠ Stoploss 2965 →Take Profit 1 2953 ↨ →Take Profit 2 2947 BUY XAUUSD PRICE 2899 - 2901⚡️ ↠↠ Stoploss 2895 →Take Profit 1 2907 ↨ →Take Profit 2 2913
OANDA:XAUUSDLong
by Xayah_trading
XAUUSD: Turning sideways short term but Channel Up intact.Gold remains on very balanced bullish levels on its 1D technical outlook (RSI = 58.055, MACD = 27.200, ADX = 21.896) a direct outcome of its long term pattern, which is a Channel Up. With the late February high made near the top of the Channel Up and the 1D RSI on a decline ever since, this the the kind of behaviour that was previously had Gold consolidate before the next rally. You can scalp this range until the price gets near the 1D MA100 and place a more medium term buy (TP = 3,200). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
GOLD recovers to trade around $2,900, still has a lot of supportOANDA:XAUUSD has stabilized and recovered after falling more than $20 yesterday and is now trading around $2,900. Earlier, investor concerns about a US economic slowdown caused a broad decline in stocks and commodities, dragging down precious metals, especially gold. OANDA:XAUUSD held above $2,880 after falling nearly 1% on Monday. US President Donald Trump said over the weekend that the US economy could get worse before it gets better and that he was adjusting trade policy through tariffs, fueling market concerns about a possible economic recession. When broader financial markets take a hit, investors may sell gold to cover losses in other assets, causing the price of gold to fall in the short term. Gold prices have rallied 10% so far this year, hitting a new high. The rally has been fueled by uncertainty surrounding the Trump administration’s policies, central bank purchases of gold, and expectations that the Federal Reserve could cut interest rates further. Lower borrowing costs typically benefit non-yielding assets like gold. While rising gold prices have dented physical demand in some major Asian economies, inflows into gold ETFs have remained steady. Holdings of gold ETFs hit their highest level since December 2023 as of last week, according to data compiled by Bloomberg. Investors had begun to reduce their exposure to gold ahead of Monday’s sharp market sell-off. Hedge funds’ long gold positions fell to their lowest in nine weeks, according to the latest data from the U.S. Commodity Futures Trading Commission (CFTC). While this correction appears to be broad-based, the underlying forces will still be a solid support for gold's upside potential, from the geopolitical landscape to Trump's policies creating global trade conflicts to expectations of Fed rate cuts. Overall, gold still has a lot of support. Markets focus on US inflation data and Fed policy expectations Investors are now focused on upcoming US inflation data to gauge whether the Federal Reserve will cut interest rates further: US Consumer Price Index (CPI) – due on Wednesday US Producer Price Index (PPI) – due on Thursday Traders are now fully pricing in the possibility of a Federal Reserve rate cut in June. Federal Reserve Chairman Jerome Powell said on Friday that it is not yet known whether the Trump administration’s tariff policies will lead to higher inflation. In general, lower interest rates increase the appeal of gold because it is a non-interest-bearing asset, making it cheaper to hold than other assets. OANDA:XAUUSD Technical Outlook Analysis On the daily chart, after gold fell to the support level noted by readers in the previous issue at 2,880 USD, it received support to recover, currently trading around 2,900 USD. A break above the 2,900 USD price level would be considered a positive signal with the next target being the EMA21 area, followed by 2,929 USD rather than 2,942 USD. In the short term, gold has not yet shown a specific trend when entering the accumulation phase, which is described by 2 green trend lines. But in the medium and long term, the possibility of price increase is still very good when in terms of momentum, the Relative Strength Index RSI is still above 50. During the day, gold is in the accumulation phase with the main trend leaning towards price increase, the notable positions will be listed as follows. Support: 2,880 - 2,868 USD Resistance: 2,900 - 2,929 - 2,942 USD SELL XAUUSD PRICE 2908 - 2906⚡️ ↠↠ Stoploss 2912 →Take Profit 1 2900 ↨ →Take Profit 2 2894 BUY XAUUSD PRICE 2857 - 2859⚡️ ↠↠ Stoploss 2853 →Take Profit 1 2865 ↨ →Take Profit 2 2871
OANDA:XAUUSDLong
by Xayah_trading
XAUUSD One more push to 3100 to price the Top.Gold (XAUUSD) continues to trade within its 2025 Channel Up, in fact the uptrend started a little bit sooner on the November 14 2024 bottom. As we've mentioned before and you can see again today, this is a recurring pattern which has been in effect since October 2022, the bottom of the Inflation Crisis. This involves the market forming Channel Up patterns of around +20% price increase, which are supported by the 1D MA50 (blue trend-line) and when that breaks, they bottom around the 0.382 Fibonacci retracement level and then turn into a buy opportunity for the next Channel Up. The 1D RSI Double Tops and signals the price (Channel Up) High. It's first Top is where Gold is right now, typically within the 0.5 - 0.382 Fib Zone. The only time it was above the 0.382 Fib, was when it rose by +22%. As a result, we expect a similar course and a price peak around $3100 but the most effective sell signal remains when the 1D RSI Double Tops. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TRADENATION:XAUUSDLong
by TradingShot
GOLD falls slightly as Dollar recovers, news, main trendsOANDA:XAUUSD has just dropped to around $2,912/ounce, down nearly $10 from the intraday high of $2,918/ounce reached earlier in the session. The recovery of the US Dollar can be seen as the current pressure causing gold prices to slightly decline from the intraday high. Overview of data and event news The Labor Department report showed the U.S. economy added 151,000 jobs in February, compared with economists polled by Reuters who expected a gain of 160,000, and the unemployment rate was 4.1%, compared with expectations of 4%. Federal Reserve Chairman Jerome Powell said early Friday that the Fed would take a cautious approach to easing monetary policy, adding that the economy “remains in good shape.” While gold is a hedge against inflation, rising interest rates could reduce the appeal of non-yielding bullion. The market is now expecting the Fed to continue cutting interest rates starting in June, with a total of 76 basis points of interest rate cuts over the rest of the year. Market attention is focused on the upcoming Federal Reserve meeting. In addition, inflation reports and retail sales data will also provide additional guidance for market trends in general and the gold market in particular. On the daily chart, gold is generally still in the accumulation phase with the positioning conditions tilted towards the upside. The short-term trend is highlighted by the price channel, while the nearest support is the EMA21 and the technical level of 2,900 USD. At the raw price point of 2,900 USD, it also created significant price increases in the last 2 days of the weekend. The relative strength index is facing some resistance from the 61 level noted in the previous issue, where once the RSI breaks this level it will continue to head towards the oversold zone which is a signal that will facilitate the possibility of gold price increasing in terms of momentum. In the coming time, as long as gold remains above 2,900 USD, it will still tend to be bullish in the short term, and the target continues to be the all-time high or higher. The notable technical price points will be listed as follows. Support: 2,900 – 2,880 – 2,868 USD Resistance: 2,929 – 2,942 – 2,956 USD SELL XAUUSD PRICE 2956 - 2954⚡️ ↠↠ Stoploss 2960 →Take Profit 1 2948 ↨ →Take Profit 2 2942 BUY XAUUSD PRICE 2877 - 2879⚡️ ↠↠ Stoploss 2873 →Take Profit 1 2885 ↨ →Take Profit 2 2891
OANDA:XAUUSD
by Xayah_trading
GOLD | XAUUSD Weekly Market Forecast: Mar 10-14 In this video, we will analyze the GOLD Futures. We'll determine the bias for the upcoming week, and look for the best potential setups. Gold has consolidated for the last half of the previous week. Trading in a ranging market is not recommended! But waiting until there is an obvious sweep of the high or low liquidity pools can give us an indication which side the market will break the consolidation. Patience and a watchful eye will allow us to take advantage of the momentous opportunity. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
COMEX:GC1!Long
by RT_Money