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Gold price analysis February 3⭐️Fundamental Analysis US President Donald Trump imposed 25% tariffs on Canada and Mexico, and 10% on China, starting from 05:01 GMT on Tuesday. The reason is to combat illegal immigration and drug trafficking. Canada and Mexico responded with retaliatory tariffs, while China announced it would file a lawsuit at the World Trade Organization (WTO). Markets reacted negatively, with the S&P 500 down 1.40% in particular, and money flows into the US dollar instead of gold. However, if China retaliates, gold, which is considered an inflation hedge, could rise. Traders will also pay attention to US and Chinese manufacturing PMI data, along with speeches from the Federal Reserve, which could impact gold prices. ⭐️Technical Analysis Gold prices were pushed down by sellers around 2777 after hitting an all-time high. The important support of 2765 plays a role in pushing the gold price back to its upward trajectory. When the 2765 zone is broken, pay attention to the next 2 zones around 2746 and 2727. When the uptrend resumes, it will meet the reaction of the sellers around 2791 and the all-time high zone around 2814.
OANDA:XAUUSD
by TVS-Trader
The world gold market turned down sharplyAsset Strategies International president and CEO Rich Checkan predicts that gold will likely face profit-taking pressure in the short term. However, he still believes that the gold shortage in London, tariff policies from US President Donald Trump and "persistent" inflation will contribute to driving gold prices higher. After central banks announce their interest rate decisions and inflation data, this week the market will turn its attention from there to labor issues, with the December nonfarm payrolls report due. released on Friday. Gold traders will also be interested in a variety of other data expected to influence the market, such as manufacturing and services activity reports, employment numbers, and the Bank's monetary policy decision. UK goods, weekly unemployment claims in the US, and preliminary data on consumer sentiment from the University of Michigan in January.
TVC:GOLDShort
by FalCol_TradingMaster
World gold prices are under pressureDespite the decline, gold prices are receiving very positive forecasts from experts. Kitco News' latest weekly gold survey shows that industry experts maintain a positive view on the precious metal. Meanwhile, retail investors also forecast that gold prices will reach higher levels in the near future. 9 experts, equivalent to 69%, expect gold prices to exceed record levels this week. There are 4 experts, equivalent to 31%, forecasting that gold prices will decrease. No one thinks gold will move sideways or accumulate this week. Meanwhile, 147 investors participated in Kitco's online poll, with individual investors as optimistic as experts. 101 traders, or 69%, expect gold prices to rise next week, while 27, or 18%, expect gold to fall. The remaining 19 investors, accounting for 13% of the total, believe that gold will move sideways in the short term. 🔥 XAUUSD SELL 2784 2786🔥 ✔️TP1: 2775 ✔️TP2: 2765 ✔️TP3: OPEN 🚫 SL: 2795
OANDA:XAUUSDShort
by FalCol_TradingMaster
Bitcoin Gold Direct Trading Pair - VERY IMPORTANT TO WATCH THISBitcoin Gold trading pair PA heading towards 2.272 Fib extension line. This has been Support since Nov 2024 and is now a firm line of Support at 34.52 Ounces of Gold per Bitcoin Also about to hit 100 Daily SMA )( SMA ). This may also provide support just above the Fib line Since December, we have been seeing a Rise in Gold prices as demand escalates due to various Macro reasons around the world. Bitcoin has held a steady range while trading against Gold. Now, I am Watching this close. If BTC looses this line of Support and begins Loosing out to Gold because Gold continues to Rise, signals a Shift of Sentiment for BTC The traditional Store of Value Wins against the New Kid on the block as a safe haven Macro uncertainty driving money flow. We now have Trump imposing Higher Tariffs Oon international trade and THIS alone is driving Massive uncertainty and so Stocks are falling and that money needs to go somewhere. It has been GOLD since January this year, Rising to a New ATH At the same Time, Bitcoin has effectively ranged just below the current ATH GOLD has the momentum right now and is taking the prize And THIS is why this chart is so important. BITCOIN MUST NOT LOOSE THIS SUPPORT DXT $ is also rising, maybe with the static interest rate and possibility of a Rise later in the year if inflation continues to rise. Extreme Caution right now
by Orriginal
Trading Gold Futures Amid Global Trade TensionsCOMEX: Micro Gold Futures ( COMEX_MINI:MGC1! ) #Microfutures The United States will be implementing new tariffs on Saturday, February 1st, including 25% tariffs on Mexico and Canada as well as a 10% duty on all goods from China. These countries are the Top 3 U.S. trading partners, contributing to 40% of all goods and services imported into the US in 2023, collectively. On Friday, gold prices surpassed the key $2,800 mark for the first time ever. Spot gold rose 0.6% to $2,810.55 per troy ounce, after hitting a record high of $2,817.23. The record rally is fueled by a flight to safety as trade tensions rise. Gold futures are trading at a premium to spot gold prices. The lead April contract of the benchmark COMEX gold futures settled at $2,833 on Friday. Looking back, the trade tensions between the US and China have intensified since 2018. This time, higher tariffs will be applied globally, not only to competitors of U.S. interests, but also to close allies such as Canada, Mexico and the European Union. Lessons from the US-China Trade Conflict How would the global trade conflicts shape up? Uncertainties remain elevated. Luckily, the US-China trade conflict provides us historical lessons with present-day relevancy. Let’s have a quick review of the major timeline of key events: • July 6, 2018: The trade conflict begins as the US imposes 25% tariffs on $34 billion worth of Chinese goods. China retaliates with tariffs on an equal amount of US goods. • August 23, 2018: The US imposes additional 25% tariffs on another $16 billion worth of Chinese goods. China responds with tariffs on $16 billion worth of US goods. • September 24, 2018: The US imposes 10% tariffs on $200 billion worth of Chinese imports. China retaliates with tariffs on $60 billion worth of US goods. • December 1, 2018: A temporary truce is agreed upon during the G20 summit, with a 90-day period for negotiations. • January 15, 2020: The "Phase One" trade deal is signed, easing some tariffs and committing China to increase purchases of US goods. Gold prices responded quickly at each stage of the trade conflict, creating ample trading opportunities. On June 7, 2022, I published “Event-Driven Strategy Focusing on Global Crisis” on TradingView, based on my own trading experience from 2018-19. A link to this write-up is provided here for your information: In summary, I observed patterns in gold prices while the trade conflict was progressing, and designed event-driven strategy based on Game Theory. Here are the highlights: • US initiated new tariffs; Gold prices went up (“Risk On”) • China retaliated with new tariffs; Gold prices went up further ("Risk On”) • US and China announced trade negotiations; Gold prices went down (“Risk Off”) • Negotiations broke down followed by new tariffs; Gold prices went up (“Risk On”) • Negotiations resumed; Gold prices went down (“Risk Off”) • Trade agreement was reached; Gold prices went down sharply (“Risk Off”) The “Fight-and-Talk” could go multiple rounds, pushing tariffs to higher levels. Just how high? China previously maintained a 12% import tariff on U.S. pork products. In its first round of trade retaliation in 2018, China imposed an additional 25% tariff on US pork. A month later, another 25% was added. Pork tariff went up a further 10% in the third round of retaliation, making the total tariff on US pork at a mind-boggling 72%! As shown in the chart, gold responded in an observable manner following each key event. This repetitive pattern made it possible to set up trades in anticipation of the next moves. The Sequence of Next Moves in Trade Conflicts Learning from the previous experience, we could simulate a series of scenarios when new tariffs are imposed on goods from Canada, Mexico, China and the EU. • US initiates new tariffs; Gold prices go up (“Risk On”) • The other country retaliates with new tariffs; Gold prices go up further ("Risk On”) • The two countries announced trade negotiations; Gold prices go down (“Risk Off”) • Trade agreement is reached; Gold prices go down sharply (“Risk Off”) In my opinion, the countries involved would retaliate but may want to avoid a costly trade conflict dragging on. With the brutality of the last trade conflict still fresh in mind, trade deals could be reached more quickly. From a trading perspective, the Fight-and-Talk patterns could be repeated multiple times, making our event-driven strategy reusable. Given that Canada, Mexico, China and the EU are the biggest U.S. trading partners, the price swing in gold could be more volatile. Conflicts with smaller trading partners, such as Taiwan and the Southeastern Asian countries, may not trigger big moves in gold. The CFTC Commitments of Traders report shows that on January 28th, total Open Interest (OI) for Gold Futures is 577,505, up 15% from the level last November when the U.S. election was held. Interest in using gold for trading or hedging goes up with the escalation of risk. “Swap Dealers” own 363,051 contracts, making them the largest trader category to own gold futures positions. • Swap Dealers have 29,725 in Long, 272,549 in Short, and 60,777 in Spreading • The long-short ratio of 1:9 indicates that “Smart Money” is overwhelmingly bearish There is another supporting factor for a bearish view: A key driver in gold prices is the geopolitical crisis. President Trump announced that he planned to meet with President Xi of China within the first 100 days in office. A meeting between President Trump and Russian President Putin is also being planned. As we know, bullion is a preferred asset during times of turmoil. We may soon see the geopolitical risks unwinding, which will send gold prices sharply down. This could happen when Russia and Ukraine end their military conflict with a peace treaty. Trade Setup with Micro Gold Futures If a trader shares a similar view, he could express his opinion by shorting the COMEX Micro Gold Futures ( AMEX:MGC ). MGC contracts have a notional value of 10 troy ounces. With Friday settlement price of 2,833, each April contract (MGCJ5) has a notional value of $28,330. Buying or selling one contract requires an initial margin of $1,150. The MGC contracts are very liquid. On Thursday, MGC has a daily trade volume of 126,712 contracts and an Open Interest of 30,633. Hypothetically, a trader shorts April MGC contract and gold prices pull back 5% to 2,691. A short futures position would gain $1,420 (=142 x $10). Using the initial margin as cost base, a theoretical return would be +123% (= 1420 / 1150). The risk of shorting gold futures is rising gold prices. Investors could lose part of or all their initial margin. Traders could express the same view with the standard COMEX Gold (GC) futures or the newly launched 1-ounce gold futures, which represent just 1/10 the size of a Micro Gold (MGC) futures contract and 1/100 of GC futures contract. To learn more about all the Micro futures and options contracts traded on CME Group platform, you can check out the following site: www.cmegroup.com The Leap trading competition, sponsored by CME Group, will begin at TradingView on February 3rd. I encourage you to join The Leap and compete to be the best in CME Group futures trading and win a share of $25,000 in cash prizes or an additional six months to your TradingView subscription. www.tradingview.com Happy Trading. Disclaimers *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
COMEX_MINI:MGC1!Short
by JimHuangChicago
5
Gold Rush 2025? Charting the Course for XAUUSD.Gold (XAUUSD) is currently showing a strong uptrend on the 4-hour chart. We've seen a consistent climb, suggesting buyers are in control. Looking at the chart, I've marked some key levels to watch. The most immediate resistance is right where we are now, around 2,804.96. If the price breaks through that, I'd expect it to continue upwards. Below us, I see potential support around 2,737, 2,695, and down to, 2,662. These are areas where the price might find buyers if it pulls back. Fundamentally, gold is often seen as a safe haven. Things that could push its price up include a weaker US dollar, rising inflation, or any big global uncertainties. On the flip side, if the US economy strengthens, the dollar gets stronger, or inflation cools down, we might see gold's price drop. The Fed's interest rate decisions are also a major factor, as higher rates tend to make the dollar more attractive. My overall bias right now is bullish for the short term. The price action looks strong, and if we break through this current resistance, there's room to move higher. However, I'm keeping an eye on those support levels in case we see a reversal. It's important to remember that the market can change quickly, so I'd definitely keep up with the news and adjust my view as needed. I wouldn't make any big decisions based just on this chart, but it gives me a good idea of what's happening right now.
OANDA:XAUUSDLong
by Officialpipsome
Concerns about Trump's tariff policies are boosting gold demand Gold prices have surged to an all-time high as demand for safe haven increased significantly, driven by the concerns of Trump's tariff policy. The 25% tariff threats on Mexico and Canada are creating significant uncertainty in the trade and foreign relations of the Trump administration. Investors are turning to gold as a reliable refuge from the DeepSeek shock and the tremendously high valuations of major US tech stocks, seeking a safe haven amid the current volatility. Furthermore, the US Q4 GDP growth of 2.3% fell short of the 2.7% market forecast, intensifying the demand for gold as a safe haven. While sustaining a solid uptrend, XAUUSD recorded a historical high. Both EMAs continue to widen the gap, pointing to an extension of bullish momentum. If XAUUSD holds above the ascending trendline, the price could gain upward momentum toward a new high of 2850. Conversely, if XAUUSD fails to hold above the support at 2780 and EMA21, the price may retreat below the trendline.
OANDA:XAUUSD
by inkicho_exness
XAUUSD 1D Bullish Trend with All-Time HighOANDA:XAUUSD 📶 Technical Analysis Weekly (1W) Chart: 🟢 From 2020 to 2023, the price of gold tested the $2000 level several times before breaking through the $2000 resistance towards the end of 2023, leading to a strong bullish trend. 🟢 This breakout fueled a new all-time high of $2790 as the bullish momentum continued into early 2024. Daily (1D) Chart: 🟢 In 2024, gold prices have surged by approximately +30%, continuing the strong uptrend. 🟡The price is now approaching the previous all-time high and is poised to test this significant level. If the price breaks above this resistance, there is potential for further upside movement. 4-Hour (4H) Chart: 🟢 Since October 2023, the trend has been clearly bullish, with a consistent rise. 🟡 The price is now nearing the all-time high, and a breakout above this level could see the price continue to rise, possibly with momentum-driven gains. 🆕 Fundamental Analysis: 🟢 Global Insecurity & War Escalation: Gold has historically been a safe-haven asset, with its price driven by global uncertainty and geopolitical tensions, such as escalating wars or conflicts. 🟢 De-dollarization: As central banks around the world move towards gold reserves in response to concerns about the US dollar’s strength, gold is benefiting from this trend. 🟢 Post-COVID Economic Situation: Following the pandemic, the world experienced high inflation and central banks responded with interest rate hikes. These measures have slowed economic growth and increased the risk of a recession, further boosting demand for gold as a store of value. 🔤 Conclusion: 🟢 XAUUSD remains in a strong bullish trend, with the price pushing towards its all-time high at $2790. A breakout above this level could lead to further price increases. 🟢 The fundamental drivers behind gold’s price growth include global geopolitical tensions, de-dollarization, and economic instability. 🟡 Traders should watch for a breakout above the all-time high to confirm continued bullish momentum, while also being mindful of the fundamental factors that could continue to push gold prices higher. 🟠 If the resistance at the previous all-time high holds and the price reverses strongly from this level, it could signal a market correction or the start of price action in a range-bound environment. This potential reversal can be confirmed by a trend breakout that would signal further direction.
OANDA:XAUUSDLong
by boykopetevboev
Gold Price Analysis: Bullish Reversal After Key Level Hunthello guys! Gold recently broke out of a rising channel and experienced a sharp decline, hunting liquidity and touching a key flip area. This level acted as strong support, triggering a rebound. Now, the price is attempting to form a higher low, and two bullish scenarios are in play: A direct bounce from the current level leads to a retest of the 2,768 resistance. A deeper pullback into the liquidity zone before pushing back up to the same resistance. A break above 2,768 would confirm bullish continuation.
OANDA:XAUUSDLong
by melikatrader94
11
GOLD 15M CHART UPDATE POTENTIAL SHORT TERM BULLISHDear Traders, Here’s a quick 15M chart analysis for your reference. Currently, the price is consolidating between support level at 2730 and resistance at 2744. The FVG provides an additional layer of support within the 2738–2740 range. Additionally, EMA5 has crossed above MA21, indicating a potential shift in momentum. We will wait for confirmation of EMA5 crossing and locking above the ENTRY LEVEL at 2744 to signal upward momentum toward TP1. If EMA5 fails to lock above this level, the price is likely to drop due to resistance at 2744. Please note: It’s a busy day on the forex calendar with multiple high-impact news events. Exercise caution, as high volatility is expected! Key Updates: Resistance Levels: 2745, 2771 Support Level: 2730 Bullish Targets: If EMA5 crosses and locks above 2744, the next target is 2752. If EMA5 crosses and locks above 2752, the next target is 2760. If EMA5 crosses and locks above 2760, the next target is 2768. Bearish Targets: Key Level: 2744 If EMA5 crosses and locks below 2734, it will open the path to 2719. If EMA5 crosses and locks below 2719, the next target is 2710. If EMA5 crosses and locks below 2710, the final target is 2694. We will closely monitor these levels and provide updates as EMA5 interacts with the weighted zones. The QUANTUM Trading Mastery
FXOPEN:XAUUSD
by TheQUANTUMTraders
GOLD 1H ROUTE MAP UPDATEHello Traders, We closed last week with our analysis playing out as predicted, achieving all our leveled targets as confirmed by range-to-range breaks. Corrections like these are welcome, as they provide safe opportunities to buy dips and ride the long-term trend. For now, the price is fluctuating between 2770 and 2730 range. we anticipate levels being tested back and forth until one of the weighted levels breaks and locks to confirm the next directional range. Updated levels will help us track downward movements and identify optimal bounce points to enter trades. Key Updates: Resistance Levels: 2770, 2785 Bullish Targets: 2771 If EMA5 crosses and locks above 2771, the next target is (2784) If EMA5 crosses and locks above 2784, the next target is (2796) If EMA5 crosses and locks above 2796, the next target is (2808) Key Level: 2742 If EMA5 crosses and locks below 2742, it will open the path to TP1 (2726). TP1: 2726 If EMA5 crosses and locks below 2721, the next target is TP2 (2710). TP2: 2710 If EMA5 crosses and locks below 2710, the next target is TP3 (2694). We will closely monitor these levels and provide updates based on EMA5’s interaction with the weighted zones. The QUANTUM Trading Mastery
FXOPEN:XAUUSD
by TheQUANTUMTraders
GOLD TRADING UPDATE >READ THE CHAPTIANBuddy'S dear friend 👋 SMC Trading Signals Update 🗾🗺️ Gold traders SMC trading point update you on New technical analysis setup Gold take a oderbolk going to back up trand 😜 (SMC) Gold today test diamond 💎 zone 2730 support level akvite buying padding orders I will see again for buying higher level 2785 ) Key Resistance level 2763+ 2771 + 2785 Key support level 2730 + 2720 Mr SMC Trading point Support ✨ My hard analysis setup like And Following 🤝 me that star ✨ game 🎮
OANDA:XAUUSDLong
by SMC-Trading-Point
4
GOLD WEEKLY CHART MID/LONG TERM ROUTE MAP UPDATEDHello Everyone, Here’s the latest update on the GOLD weekly chart we’ve been closely monitoring and trading. Below is a detailed overview of the current range we've been tracking for an extended period. Previously, we identified a strong resistance level at 2790, which we highlighted as a potential trigger for a reversal. At that time, we recommended holding off on trades since the price was prone to reverse at any moment. Additionally, we mentioned that if EMA5 crosses and holds above the ENTRY LEVEL at 2735.35, it would signal a buy opportunity with a target at TP1. However, the EMA5 has not crossed this level yet, and we are still waiting for confirmation. Our analysis played out perfectly. There were multiple break attempts into the channel, but EMA5 failed to cross the ENTRY LEVEL, confirming rejection as anticipated. This week started with a significant bounce on Monday, with the FVG providing solid support in the 2730-2735 range. This support could potentially help the price make another attempt to cross the resistance level. However, we will wait for confirmation by seeing if EMA5 crosses and holds above 2735. For more details, check our smaller timeframes for a deeper insight. Please follow our channel, and don’t forget to show your support by liking, commenting, and following. The QUANTUM Trading Mastery
FXOPEN:XAUUSD
by TheQUANTUMTraders
GOLD 4H CHART ANALYSIS AND TRADING PLAN FOR THE WEEKHello Traders, Here’s our updated analysis for the 4H GOLD chart. Last week’s projections played out perfectly, with EMA5 crossing and holding above key levels, successfully reaching our targets TP1, TP2, and TP3 (marked with orange circles on the chart). Target Levels for the Coming Week: This week, GOLD reversed from the resistance level at 2785.94. Currently, EMA5 and price are fluctuating between two weighted levels, with a gap above at 2785 and a gap below at 2733. We’ll need EMA5 to cross and hold above or below the ENTRY LEVEL at 2733 to determine the next range. Key Updates: Resistance Level: 2785.94 Bullish Targets: TP1: 2785 TP2: 2810 TP3: 2833 If EMA5 crosses and locks above 2758, the next bullish target is TP1 (2785). If EMA5 crosses and locks above TP1 (2785), the path to TP2 (2810) will open. If EMA5 crosses and locks above TP2 (2810), the path to TP3 (2833) will open. Bearish Targets: Key Level: 2733 If EMA5 crosses and locks below 2733, it will open the path to 2706. If EMA5 crosses and locks below 2706, the path to 2680 will open. If EMA5 crosses and locks below 2680, the path to 2653 will open. Additional Ranges: Retracement Range: 2706 - 2680 Swing Range: 2664 - 2634 We will continue to monitor these levels and provide updates based on how EMA5 interacts with the weighted zones. The QUANTUM Trading Mastery
FXOPEN:XAUUSD
by TheQUANTUMTraders
GOLD MONTLHY CHART LONG ROUTE MAP ANALYSISDear Traders, Attached is the Monthly Chart Route Map for GOLD. Since October 2023, we have been consistently analyzing and trading GOLD with 100% accuracy in our targets. The Golden Circle Area marked on the chart clearly reflects our precise analysis and targets achieved. The EMA5 has crossed the ENTRY LEVEL, leading to the successful achievement of TP1, followed by TP2. We are now anticipating TP3. What’s Next for GOLD? The FVG has provided strong support at 2535 level that caused the price to push upward to 2785 and also the monthly chart confirms that EMA5 has crossed and locked above TP2 (2603), signaling the next bullish target at TP3 (2920). While external market factors may slow momentum or cause temporary reversals, we are confident that TP3 will be reached in due time. Once TP3 is hit, a significant correction to lower weighted levels is expected before the bullish trend resumes, as indicated on the chart. Key Levels: Support: 1969 TP1: 2286 ✅ (Achieved) TP2: 2603 ✅ (Achieved) TP3: 2920 ⏳ (Pending) Short-Term Strategy: We will utilize smaller timeframes (1H and 4H charts) to buy dips at key weighted levels, targeting clean 30-40 pips per trade. This strategy is most effective in ranging markets, avoiding extended holds that may be exposed to high volatility. Long-Term Bias: Our outlook remains bullish, viewing market drops as buying opportunities. We will continue to leverage predefined levels and setups for optimized entries in smaller timeframes. 🔺 THE QUANTUM TRADING MASTERY 🔺
FXOPEN:XAUUSDLong
by TheQUANTUMTraders