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Gold's Historic Ascent: Breaking the $3,100 Barrier
Gold, the timeless safe-haven asset, has surged to unprecedented heights, breaching the $3,100 per ounce mark for the first time in history. This remarkable rally, fueled by a confluence of geopolitical tensions and economic anxieties, underscores gold's enduring appeal as a hedge against uncertainty. The recent surge, surpassing the previous record set just days prior, signals a potent shift in investor sentiment, driven significantly by the United States' imposition of new levies.
The Catalyst: US Levies and Geopolitical Turmoil
The primary catalyst for gold's dramatic ascent is the escalating geopolitical landscape, particularly the United States' implementation of new levies. These levies, often associated with trade disputes and economic protectionism, inject uncertainty into global markets. Investors, seeking to mitigate potential losses, flock to safe-haven assets like gold, driving its price upward.
Beyond the immediate impact of US levies, a broader sense of economic fragility permeates the market. Concerns about inflation, rising interest rates, and potential economic slowdowns have created a climate of apprehension. In such environments, gold's historical role as a store of value becomes increasingly attractive, bolstering its demand.
Gold's Safe-Haven Status: A Time-Tested Phenomenon
Gold's allure as a safe-haven asset is deeply rooted in its intrinsic properties and historical performance. Unlike fiat currencies, which are susceptible to inflation and government policies, gold retains its value over long periods. In times of economic and political instability, gold tends to outperform other asset classes, serving as a reliable hedge against market volatility.
This safe-haven status is further reinforced by gold's limited supply and its universal recognition as a valuable asset. The precious metal's physical nature and its role in various industries, from jewelry to electronics, contribute to its enduring demand.
The Market Reaction: A Surge in Investor Confidence
The surge in gold prices reflects a significant shift in investor confidence. As traditional investment avenues become increasingly risky, investors are turning to gold as a means of preserving capital. The influx of funds into gold-backed exchange-traded funds (ETFs) and other gold-related investments underscores this trend.
The market's reaction also highlights the interconnectedness of global economies. The US levies, while originating from a single nation, have reverberated across international markets, triggering a flight to safety. This demonstrates the profound impact of geopolitical events on investor behavior and asset prices.
Analyzing the Price Surge: Factors at Play
Several factors contribute to gold's current price surge:
• Currency Fluctuations: A weakening US dollar can make gold more attractive to investors holding other currencies.
• Inflationary Pressures: Rising inflation erodes the purchasing power of fiat currencies, increasing the appeal of gold as an inflation hedge.
• Interest Rate Policies: Lower interest rates can reduce the opportunity cost of holding gold, as it does not generate interest income.
• Geopolitical Instability: Political conflicts, trade disputes, and economic sanctions create uncertainty, driving demand for safe-haven assets.
• Central Bank Purchases: Central banks often hold gold reserves as a hedge against currency fluctuations and economic instability. Their purchasing activity can influence gold prices.
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Looking Ahead: The Future of Gold Prices
Predicting future gold prices is inherently challenging, as they are influenced by a complex interplay of factors. However, several trends suggest that gold's upward trajectory may continue:
• Persistent Geopolitical Tensions: Ongoing political conflicts and trade disputes are likely to sustain demand for safe-haven assets.
• Economic Uncertainty: Concerns about inflation, rising interest rates, and potential economic slowdowns are expected to persist.
• Increased Investor Interest: The recent surge in gold prices has attracted significant investor attention, potentially leading to further inflows of funds.
However, potential headwinds could also impact gold prices:
• Strengthening US Dollar: A stronger US dollar could make gold less attractive to international investors.
• Rising Interest Rates: Higher interest rates could increase the opportunity cost of holding gold.
• Improved Economic Outlook: A more optimistic economic outlook could reduce demand for safe-haven assets.
The Significance of Gold's Milestone
Gold's breach of the $3,100 mark is a significant milestone, reflecting the profound impact of geopolitical tensions and economic anxieties on global markets. It underscores gold's enduring role as a safe-haven asset and its ability to preserve value in times of uncertainty.
As investors navigate the complexities of the global economy, gold is likely to remain a key component of diversified investment portfolios. Its historical performance, intrinsic properties, and universal appeal make it a compelling asset in an increasingly uncertain world.
3.31 Gold US market operation analysis suggestions!Gold intraday analysis and operation: How to judge the next step after gold breaks through 3130!
Gold's strong rise in the Asian session has brought the price of gold close to 3130 and finally stagnated at 3127. The impact of the US market has not yet appeared, but with the current trend, the volatility of gold tonight will not be too small. The overall idea is to maintain the low north. The intraday volatility range is maintained within the range of 40 points between 3090 and 3130. The current increase has exceeded market expectations. Although there is selling pressure, it is all suppressed by the bulls!
US market pressure focus: 3130-3150 above and 3110-3095 below
The above analysis is a personal analysis suggestion, I hope it can bring some gains to everyone!
We will update regularly every day and introduce to you how we manage active ideas and settings. Thank you for your likes, comments and attention, we are very grateful
Gold surges and then falls, indicating an imminent fallGold early stage layout plan: Long and short strategy all the way to stop profit in the actual market, huge profits, witnessed by the whole network!
Technical analysis of gold: At present, Trump's tariff policy will be officially announced on Wednesday. Today, Asian stock markets fell across the board in the Asian session, because Asian stock markets opened the earliest. According to historical laws, the stock market's reaction is the fastest. European stocks may also fall across the board. The short-term decline in the stock market often brings a short-term rebound in the price of gold. Focus on the trend of the US stock market. Once the US stock market falls sharply and rapidly, it is often accompanied by a rapid decline in the price of gold. In the morning, the price of gold has rebounded by more than 50 points from the low of 3076 to 3127. After rebounding by more than 50 points, we can intervene in short selling at 3120-25, and close the position when it falls back to around 3105-15. Today, the European and American sessions focus on the breakout of 3127-30. If the European session fails to break higher, then this point may become a short-term high point. It is best to take long positions when it falls back to around 3105-3100. Finally, I would like to advise all retail investors that when the market fluctuates violently, if you cannot control yourself and go with the trend, then shorting may be the best choice. It is better not to do it than to make mistakes! Watching more and doing less is also a suitable strategy. I will remind you of the specific operation strategy during the trading session, and you should pay attention to it in time. If your current gold operation is not ideal, I hope that your investment can avoid detours. Welcome to communicate and exchange!
Gold operation strategy: short gold at 3120-25, target 3105-3115, and go long at 3110-3100.
Trading discipline: 1. Don't blindly follow the trend: Don't be swayed by market sentiment and other people's opinions, and operate according to your own operation plan. Market information is complicated and blindly following the trend is easy to fall into the dilemma of chasing ups and downs.
2. In gold trading, we will continue to pay attention to news and technical changes, inform you in time if there are any changes, strictly implement trading strategies and trading disciplines, move forward steadily in the volatile market, and achieve stable asset appreciation.
(Note: The above strategy is based on the current trend, and will be adjusted according to real-time fluctuations during trading. It is for reference only)
$XAUUSD - A Text-Book Post-Triangle Thrust In Play..OANDA:XAUUSD - A barrier triangle wave ((iv)) likely done at 3012. The post-triangle thrust will see price above the previous high.
Next week’s opening trend forecast and layout!Early layout plan for gold: long and short strategies in the real market, all the way to profit, rich profits, witnessed by the whole network!
Technical analysis of gold: Gold rose again at the end of Friday, and finally closed the daily line with a bald positive line. After a brief adjustment, it rose again. Then, there will be high points to see next week. Continue to maintain the main decline and long, and do not guess the top for the bullish trend. This week is also a long and short strategy to stop profit all the way, and the intraday harvest is rich! The daily support is near 3057, but the strong will not have too much retracement, otherwise it will turn into shock, and the low point of the fall is near 3073. On Monday, the strong will rely on this position to be bullish. The upper pressure is near 3087. Don’t chase more before breaking the position. Breaking the position will gradually see above 3100! Next week, we will continue to focus on retracement and long, but don’t chase more. After all, the technical side needs to step back and adjust. Stepping back and long is the way to go with the trend. Maintain the main retracement and long, and watch more and move less in the middle position. Be cautious and chase orders, and wait patiently for key points to enter the market. I will remind you of the specific operation strategy during the trading session, please pay attention to it in time. If your current gold operation is not ideal, I hope that your investment can avoid detours. Welcome to communicate with us!
Gold operation strategy: Go long when gold falls back to 3070-60.
Trading discipline: 1. Don't blindly follow the trend: Don't be swayed by market sentiment and other people's opinions. Follow your own operation plan. Market information is complicated and blindly following the trend can easily lead to the dilemma of chasing ups and downs.
2. In gold trading, we will continue to pay attention to news and technical changes. Once there are changes, we will inform you in time, strictly implement trading strategies and trading disciplines, move forward steadily in the volatile market, and achieve stable asset appreciation.
(Note: The above strategy is based on the current trend, and will be adjusted according to real-time fluctuations during trading. It is for reference only)
Waiting for a healthy pullback or FOMO push to 3150+?🔸 News Update: Geopolitical Turmoil Boosts Gold’s Appeal 🔸
The Russian Ministry of Defense reported missile strikes on Ukrainian SBU and special operations units, further escalating tensions in Eastern Europe. This, combined with China’s continued gold hoarding and a weaker USD, has kept gold’s bullish momentum intact.
🟥 Sell Setup (Liquidity Trap Short)
Entry Zone: $3,121 – $3,125 (Liquidity Grab + HTF Supply)
Trigger: M5/M15 Bearish CHoCH + Weak Bullish Reaction
SL: Above $3,130 (Invalidation Level)
TP1: $3,100 (First Target)
TP2: $3,085 (Deep Profit Zone)
TP3: $3,074 (Full Breakdown)
📌 Why?
Liquidity Hunt Potential → Market may fake out longs before reversal
Bearish Order Flow Zone → Major supply area where sellers are active
HTF Expansion Exhaustion → Price needs to cool off before further gains
🟥 Sell Setup 2 (Momentum Reversal – Only If Confirmed)
Entry Zone: 3,150 – 3,155 (Extreme Supply Zone)
Trigger: Bearish CHoCH + FVG reaction
SL: Above 3,160
TP1: 3,120
TP2: 3,100
TP3: 3,073
📌 Reasoning:
Extreme premium level where HTF supply could react
Only valid if price extends to this level without pullback
Ideal for a larger reversal if bullish momentum fades
🟢 Buy Setup 3 (Intraday Continuation Play – If $3,100 Rejects)
Entry: $3,092 – $3,094 (LQ sweep + minor demand zone)
Trigger: M1/M5 CHoCH + bullish rejection wick
SL: Below $3,090
TP1: $3,100
TP2: $3,108
TP3: $3,117
📌 Why This Zone?
If NY sweeps $3,100 liquidity and retraces, $3,092 – $3,094 could be a quick buy-the-dip area.
Only valid if the previous demand structure remains intact.
Ideal for short-term scalps rather than a deep retrace buy.
⚠ If price drops aggressively below $3,090, don’t force the buy—$3,083 – $3,087 is the next stronger zone.
🟢 Next Fresh Buy Setup (If Price Dips Again)
Entry Zone: $3,067 – $3,070 (Untapped demand + imbalance fill)
Trigger: M1/M5 CHoCH + bullish confirmation
SL: Below $3,064 (Liquidity protection)
TP1: $3,090 (Reaction level)
TP2: $3,108 (Liquidity grab target)
TP3: $3,120+ (Continuation move)
📌 Why This Zone?
Previous NY session left unmitigated demand here.
If price pulls back, smart money will likely buy from this area.
Gold still bullish – this is the next potential buy-the-dip zone.
⚠️ If $3,067 fails, deeper support at $3,055 – watch for a strong reaction there!!
✅ Key Takeaways
✔ Gold remains bullish above $3,074 – buy dips, but avoid FOMO.
✔ A liquidity grab below $3,080 could be the next major long opportunity.
✔ Sells are scalps only – favor longs unless $3,067 breaks.
📌 Important Notice!!!
The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your own plan and wait for confirmation before taking action.
Good luck on the market today.
3.31 Gold officially breaks through 3100In the early Asian session on Monday (March 31), spot gold once again saw a surge in prices shortly after the opening. The most active gold futures contract in New York was traded in one minute from 10:22 to 10:23 Beijing time on March 31, with 890 lots traded, and the total value of the trading contracts was US$279 million. Affected by Trump's latest tariff news, spot gold maintained the current bull market trend. The gold price broke through the US$3,000 mark and broke through US$3,100 only half a month after breaking through the US$3,000 mark. As of 10:39 Beijing time, it was reported at US$3,105.23 per ounce.
Gold technical analysis: Gold closed higher with a big positive line last week, and after consolidating at a high level, it increased strongly and closed at a high level. The weekly K-line is still strong, with a big bald positive line. There will be further continuation this week. However, the monthly line closed today. After the volume is released, we must also be careful of the wash of the high and fall. The daily chart has continued to rise and set a new high. The Asian session is a slow consolidation and then a slow new high. The consolidation is not the high, and the volume is the top. At present, there is further rise in the short term. Gold was stimulated by risk aversion over the weekend. It opened high and fell back on Monday. However, gold fell back under pressure at 3100 in the short term. We must pay attention to adjustments. Then gold is just adjusting. Wait patiently for it to fall back before going long. The technical side of gold shows a strong upward trend. US$3070 has become a new short-term support level. The current upward momentum is sufficient and there is momentum for further rise. The influence of gold bulls on the current trend of gold has reached the highest level in history, but the trading scale and heat have not reached the most crowded range in history. There is still room for funds to further increase positions, which provides support for gold prices.
3.31 Gold Operation Strategy Reference:
Short Order Strategy:
Strategy 1: When gold rebounds around 3100-3103, short (buy short) in batches with 20% of the position, stop loss at 3110, target around 3085-3075, and look at 3070 if it breaks; (Strategy is time-sensitive, more real-time layout strategies are announced in the channel.)
Long Order Strategy:
Strategy 2: When gold pulls back around 3070-3073, long (buy long) in batches with 20% of the position, stop loss at 3060, target around 3085-3095, and look at 3105 if it breaks; (Strategy is time-sensitive, more real-time layout strategies are announced in the channel.)
GOLD UPDATESHello folks, like I said from previous note , I closed the idea with single target. with a buy/long positions at 3015.
Now I'm expecting manipulations since we have news today.
The initial target would be the previous highs.
Look for higher targets also 3100 zone.
This is only my view, I Base my idea on Fibonacci retracements expansion above.
Follow for more.
This is not a financial advice. The idea here is long and the target would be the previous high, above price 3100 is just speculation on Fibonacci.
Will Gold Break 3000? (Potential Bullish Continuation)Gold price seems to exhibit signs of overall bullish continuation on the Longer Timeframes as the price action may break the previous All Time High of 2956.
A potential break may be indicative of another top OR a new high.
We take our chance on the basis of a proper Bullish Breakout.
Trade Plan :
Entry @ 2967
Stop Loss @ 2822
TP 1 @ 3112
Gold Next 24 to 48 hours (31/3/2025)Current Market Snapshot OANDA:XAUUSD
Gold closed the previous week at approximately $3,085 per ounce, after hitting a new all-time high of $3,087 on Friday. This indicate a bullish market, driven by persistent safe-haven demand, central bank purchases (notably from China and Russia), and expectations of U.S. Federal Reserve rate cuts in 2025. However, there’s also chatter about potential profit-taking or consolidation, as gold approaches overbought conditions on some technical indicators.
Bullish Sentiment: Traders expect gold to break $3,100 soon, citing geopolitical risks and a weakening U.S. dollar index (DXY) forecasted to drop below 100.
Bearish/Cautious Sentiment: Some traders warn of a pullback to $3,055-$3,060 if $3,091 resistance holds or if unexpected U.S. economic data surprises markets.
Technical Analysis
Technical levels for next 24 to 48 hours:
Support Levels:
$3,060: Strong support from recent consolidation and a psychological round number.
$3,055: A deeper support level from late February 2025 trends.
$3,000: Major psychological and historical support if a significant sell-off occurs.
Resistance Levels:
$3,091: Immediate resistance; a break above this could trigger FOMO (fear of missing out) buying.
$3,100: Next psychological resistance
$3,200: Short-term bullish target
Indicators:
RSI (Relative Strength Index) on daily charts (from web sources) is near 70, suggesting gold is overbought but not yet at extreme levels (80+), indicating room for further upside.
Moving Averages: Gold is trading above its 50-day and 200-day EMAs, reinforcing the bullish trend.
Price Range for next 24 to 48 hours
Low: $3,058 - $3,065
This accounts for potential profit-taking at the open or a risk-off move if weekend news is negative.
High: $3,100 - $3,150
This reflects bullish momentum if $3,091 is breached early, with traders targeting $3,200 as the next psychological level.
After weighing all factors, here’s my enhanced prediction:
Most Likely Scenario: Gold will open slightly lower ($3,080-$3,085) due to profit-taking but will recover throughout the day as buyers step in at support levels ($3,060-$3,065). If $3,091 is broken (70% probability), gold could rally to close near $3,100-$3,120 by Monday’s or Tuesday’s end.
Alternative Scenario: If selling pressure intensifies (30% probability), gold might drop to $3,058-$3,065 but is unlikely to fall below $3,050, as buyers would likely defend this level.
Key Catalysts to Watch:
Asian market open (Monday morning): If Chinese or Indian gold demand remains strong, prices could gap up.
U.S. market open: Watch for any statements from Fed officials or Trump administration policy announcements.
Volume: High volume above $3,091 would confirm bullish momentum; low volume could signal consolidation.
Apr 2 USD ISM Manufacturing PMI
Apr 2 USD JOLTS Job Openings
Apr 2 USD ADP Non-Farm Employment Change
Apr 3 USD Unemployment Claims
Apr 4 USD ISM Services PMI
Apr 4 USD Average Hourly Earning
Apr 4 USD Non-Farm Employment Change
Apr 4 USD Unemployment Rate
Apr 5 USD Fed Chair Powell Speaks
GLD keeps surging in steps of 21.37% Why this number?Time for Gold to rest pause consolidate after climbing 21.37%. What's with this number? Even the best can't climb Mt Everest in one go. They must rest at every base camp, so must gold
Will Monday Bring a Breakout or a Correction?Last week was characterized by extreme volatility, with price movements reflecting significant reactions across different trading sessions. On Friday, the Asian session managed to push past the $3057 mark, only for early European trading to see a pullback. However, the US session reversed course, fueling a rally that extended until market close.
Key Levels to Watch on Monday
Looking ahead, the critical question is whether the Asian session can break above $3086, potentially paving the way for a push beyond $3100. If this breakout fails, we could see a price correction similar to Friday's, especially during European trading.
At present, I'm taking a cautious approach, observing the market while many anticipate further upside. While momentum appears strong, I prefer to wait for clearer confirmations before making a move.
Potential Scenarios
Breakout Above $3086
A successful push above this level could signal continuation toward $3100+, reinforcing the bullish sentiment.
Failure at $3086 – Potential Pullback
If the market struggles to sustain levels above $3086, a decline to $3076 is likely.
A break below $3076 could see further downside to $3067 and possibly lower.
Technical Indicators & Market Sentiment
RSI (1H): Currently at 52, indicating neutral momentum.
RSI (4H): Around 90, showing overbought conditions—especially following the Asian session rally.
Market Sentiment:
Many traders expect an upward continuation, but caution is warranted given overbought signals and the possibility of a correction.
External Factors: Tariffs & Global Trends
As we approach April 2nd, when new tariffs take effect, global markets have been showing signs of weakness. Uncertainty persists, and with gold acting as a safe haven, investors may seek protection, adding another layer of complexity to Monday’s price action.
Conclusion
The start of the week will likely be dictated by whether the Asian session can achieve a breakout above $3086. If it does, bullish momentum could drive prices higher. However, failure at this level could result in a correction, with key support levels at $3076 and $3067 in focus. Given the broader market conditions and upcoming economic events, a cautious approach remains prudent.
📉 Will Monday bring a correction, or is there still room for another rally? Share your thoughts in the comments! 🚀
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This is just my personal market idea and not financial advice! 📢 Trading gold and other financial instruments carries risks – only invest what you can afford to lose. Always do your own analysis, use solid risk management, and trade responsibly.
Good luck and safe trading! 🚀📊
Gold weekly forcast with both Buy and sell levels 30-5-25Gold weekly forcast with both Buy and sell levels
gold in an uptrend all week from last weeks buy level it ran 553 pips wit little to no drawdown.
For this week we are looking at 2 levels for both buy and sell entries .
For a buy ill look at entering at 3091 expecting 3098 to 3100 as first resistance , if we brreak we can expect 3112 as next resistance on the way to 3136.
For a sell ill look at entering at 3076 expecting 3068 to 3066 as first support , if broke we can expect 3054 to 3050 as next support.
With these trades its best to just wait for levels for a conformation and the bigger moves.
last weeks buy are did not register until Thursday morning but when it hit there was no drawdown and closure at the high gave 533 pips.
As always with these trades wait for levels and secure on the way by either taking profit or reducing lot size.
Trade is based on support and resistance, trend lines and fibonacci levels from the higher time frame.
Ill update as the week progresses , stay safe
Accurately predict the timing of short position entryAs of now, we have made profits during the trading session. But gold hit the 3048 area yesterday. What should we do if some brothers did not close the order in time? We have made corresponding adjustments according to the current market.
Gold news:
On Friday, the price of gold climbed to 3083, mainly driven by factors such as rising risk aversion, the Federal Reserve's interest rate cuts, the global central bank's gold buying boom and increased inflationary pressure. The tense situation in the Middle East, global economic uncertainty and expectations of a depreciation of the US dollar have further enhanced the attractiveness of gold. This week, gold is expected to rise for the fourth consecutive week. The US PCE (personal consumption expenditure) data to be released tonight has attracted much attention from the market because it is the core indicator of the Federal Reserve to measure inflation and may have a significant impact on market expectations and asset prices. If the PCE data triggers concerns about stagflation, it may cause US Treasury yields to rise, further boosting gold prices. If the data eases inflationary pressures, it may boost risky assets, but gold may rise simultaneously due to rising expectations of interest rate cuts. Boosted by risk aversion, gold advanced all the way yesterday afternoon, hitting a new high of 3059 during the US trading session. Today's market continued to rise at the opening, and the current highest has reached 3086. Gold bulls rose like a tiger, where is the top?
Gold technical analysis: From the wave point of view, the large level is no longer repeated. The daily line 2832 runs a standard 5-wave structure upward, wave 1 2832-2929, wave 2 2929-2880, wave 3 2880-3057, wave 4 3057-2999. Yesterday's market broke through 3057 and rose. The current market is in the 5th wave. From the wave rule, wave 1 runs 97 US dollars. If the amplitude of wave 1 and wave 5 is equal, the high point of wave 5 can be seen near 3097. Using the Fibonacci retracement extension line, pay attention to the two resistance levels of 3088-3108 above. Therefore, the short-term continues to follow the trend of low-multiple bullishness. Pay attention to whether there is a structure to go short near 3108 above. Gold is currently high, and it is bound to fall back. This crazy bull trend cannot last long. This is inevitable. The gold price is currently seriously off track, that is, it is directly off track. This is unreasonable. Return is inevitable. There must be a deep fall today. The support below is around 3050, which is also the target of the fall.
Gold operation strategy: Short gold 3075-70 to increase the number of transactions. Target 3060-3050
Trading discipline: 1. Don't blindly follow the trend: Don't be swayed by market sentiment and other people's opinions. Follow your own operation plan. Market information is complicated and blindly following the trend is easy to fall into the dilemma of chasing ups and downs.
2. The short profit area of 3060-3050 is all closed.
3. In gold trading, we will continue to pay attention to news and technical changes, inform in time if there are changes, strictly implement trading strategies and trading disciplines, move forward steadily in the volatile market, and achieve stable asset appreciation.
XAUUSD Analysis todayHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLDWe are expecting Gold to finish this wave we are in very soon and then give us a drop for correction before any upside further reaction.
Disclosure: We are part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in our analysis.
Analysis of gold price trend next week!Market news:
Gold prices in London hit a record high on Friday as U.S. President Trump's latest tariff policy sparked concerns about a global trade war, with investors flocking to safe-haven assets. Spot gold climbed 0.9% to its 18th record high of $3,086 this year. It rose 2.02% this week, rising for the fourth consecutive week.This round of international gold's rise is driven by market concerns that President Trump's new round of reciprocal tariffs, which will take effect on April 2, will push up inflation and undermine the stability of global trade. Gold prices have risen 2% this week and are expected to rise for the fourth consecutive week as investors turn to safe-haven assets amid growing uncertainty about the direction of U.S. policy.Next week will be Trump's tariff week, and countries are currently relatively tough. According to CCTV, Mexican President Sheinbaum said on March 28 local time that he opposed the United States' unilateral imposition of a 25% auto tariff. Mexico is developing comprehensive responses to strengthen the national economy and respond to unilateral behavior, while the negotiation process with the United States continues, striving to ensure stable employment and maintain investment while avoiding damage to U.S. and Canadian interests.
Technical Review: Gold has a high probability of rising overall on Friday due to the combined effect of market sentiment and capital flows in the evening. However, the market feedback after the release of PCE inflation data was poor, and the data was bearish. Gold failed to break through the high point and set a new high. Although the gold price rose and broke through the high point during the ten o'clock period, it was just a puncture! In the current market, perhaps the market needs further adjustment! Gold broke through the new high in the US market and fell back. It is not meaningful to chase high again on Friday night. It may rise and fall at any time. After all, gold may start to adjust at any time after rising today. The one-hour line rose twice to touch the high point of 3086, which will be the key resistance level. It is obvious that the gold price did not stand above 3086. Both times it fell rapidly after touching it. Before the gold price stood above 3086, it looked for adjustments during the session. The range was 3066-3086. Gold may have a double top starting from 30 minutes. Don't chase more for the time being. If you want to go long, wait patiently for a fall, otherwise the adjustment range at the high level may also be large.
Analysis for next week:
Gold is still just adjusting for now. Gold started to rise again in the second half of the night. Gold bulls are still relatively strong. There will be more gold if it falls back next week. After all, gold bulls are strong now. However, don’t chase more at high levels. Wait for it to fall back before buying more. Gold is still arranged with a golden cross upward bullish divergence in 1 hour. After the adjustment, gold bulls did not weaken, but continued to be strong. Then the decline of gold is just an adjustment. Gold will continue to buy after the adjustment next week. Gold hit the bottom of 3067 in the US market on Friday and then rose again. The gold moving average now supports the line around 3072. In this range, gold is still in the support area. So buy on dips when it falls back to 3070 next week.
Operation ideas:
Buy short-term gold at 3070-3073, stop loss at 3062, target at 3090-3100;
Sell short-term gold at 3103-3105, stop loss at 3114, target at 3080-3070;
Key points:
First support level: 3072, second support level: 3065, third support level: 3055
First resistance level: 3092, second resistance level: 3105, third resistance level: 3118
Gold swing trade with buy and sell levelsThis week we are looking to sell Gold down to previous resistance which aligns with Fibonacci 0.382 level for a sell total pips of 309.
When we reach our take profit we will go back into a buy at 2994 and a take profit target of 3053 for an additional pip count of 588 pips.
Trade idea is based on higher time frame and uses trend lines as well as support and resistance and Fibonacci levels.
With these type of trades expect to go into some drawdown that's why I recommend using small lots and securing profit along the way .
Check out my weekly gold forecast with both buy and sell entries posted below.
Gold weekly forecast with buy and sell levelsGold weekly forecast with both buy and sell entries.
Friday Gold sold off from 2334 all the way to 2300 for a drop of 334 pips before retracing up to where we are now at 3024.
What can we expect for the coming week ?.
My plan is as follows.
For a buy I would look at entering at 3032 expecting first resistance (marked in red on chart ) to be 3038 to 3040 area.
If we break these then next target would be 3048 to 3052 (200 pip from entry) this is high resistance level , if gold continues to be bullish expect 3078 to be the next area.
For a sell I would enter at 3018 expecting 3010 to 3008 as first support, next level is 3000 to 2998 and if broken we can expect gold to fall to 2880 and 2840 levels.
As always wait for levels, take profit along the way and don't over leverage .
Ill update this as the week goes on.
Check out my other trade idea for a gold swing trade below.
Trade safe
GOLD FUTURES may test $3307 and fallBased on ELLIOTT wave forecasting the current bulltrap or climax rally will extend to $3307.
The fifth of fifth wave may terminate anytime during first week of APRIL
Traders avoid going long in gold futures as next week it may face huge selloff
USDJPY analysis week 14🌐Fundamental Analysis
The Federal Reserve (Fed) kept interest rates unchanged in the 4.25% - 4.50% range and forecast core PCE inflation to average 2.8% by year-end. The higher-than-expected inflation data reinforced expectations that the Fed will maintain current interest rates for an extended period. Investors are concerned that these tariffs could add to global inflationary pressures and trigger a recession.
In Japan, the Tokyo CPI rose sharply in March, boosting expectations that the Bank of Japan (BoJ) will continue to raise interest rates this year. The hot inflation data also supported the Yen's appreciation against other currencies.
🕯Technical Analysis
USDJPY is still in a bullish recovery. The pair is facing support at 149.200, preventing further declines. The weekly high around 151.100 is still acting as key resistance before the pair breaks out to 152.000. Conversely, if the trend breaks at 149.200, weekly support is seen at 148.300.
📈📉Trading Signals
SELL USDJPY 151.300-151.100 SL 150.500
SELL USDJPY 152.000-152.200 SL 152.400
BUY USDJPY 149.300-149.100 SL 148.900
Gold vs DowThis could be the breakout we tell our kids about someday.
Room to run IF this breaks above that yellow diagonal line (basically anything sustained above 0.08).
