Gold's Record Week: $2,980 MilestoneGold surged above $2,980 per ounce, hitting a record and heading for a 2% weekly gain as risk aversion and Fed rate cut expectations grew. Trump escalated trade tensions, threatening a 200% tariff on European wines after the EU's 50% tax on U.S. whiskey.
February's PPI and CPI data showed easing inflation, increasing Fed flexibility for rate cuts, and raising gold's appeal. Strong ETF inflows and continued central bank purchases, with China extending its buying for a fourth month, further supported prices.
Key resistance stands at 3000, with further levels at 3045 and 3100. Support is at 2980, followed by 2916 and 2885.
Metals
XAU/USD: Another ATH (All Time High) Ahead? (READ THE CAPTION)By analyzing the gold chart in the 2-hour timeframe, we can see that the price has finally made its big move, just as we predicted! After a correction to $2905, demand increased, pushing the price up by over 400 pips to $2949.
Currently, gold is trading around $2940, and there are two key scenarios:
1️⃣ Holding support at $2940, leading to a rise above $2950 as the first target.
2️⃣ Breaking below $2940 and stabilizing under it, which could trigger a further correction to $2923.
This analysis will be more complete with your support, and more details will be added soon!
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SPY/QQQ Plan Your Trade Video for 3-17: GAP PotentialAs we start moving into the Excess Phase Peak pattern consolidation phase, I believe the SPY/QQQ will attempt a moderate rally for about 3-5+ days, then roll into a deep selling mode after March 21-24.
I don't believe we have reached a bottom - yet.
I do see a lot of people talking about "the bottom is in" and I urge all of you to THINK.
What do you believe will be the basis of US and GLOBAL economic growth starting RIGHT NOW?
Can you name one thing that will be the driver of economic expansion and activity?
I can't either.
Thus, I suggest traders prepare for more sideways consolidation range trading over the next 60+ days as hedge assets and currencies attempt to balance risks.
BTCUSD, Gold, Silver should all be fairly quiet this week. I'm not expecting any huge price moves this week.
I expect the SPY/QQQ & BTCUSD to move a bit higher while Gold and Silver melt upward a bit further.
Then, after March 21, I expect bigger volatility and a broad rotation in the SPY/QQQ/Bitcoin where Gold/Silver will start a bigger move higher.
Get some.
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Gold Devours Stocks and Outshines Crypto with 40% Gains. Why So?Gold OANDA:XAUUSD has returned 40% in the past twelve months — that’s more than four times the S&P 500’s SP:SPX 9% increase.
Besides leaving stock bros with a sour taste in their mouths, gold is also serving a cold dish of revenge to the crypto heads who had for years been slamming it for lack of appeal. It crushed the $3,000 mark last week, pumping to the rarefied air of $3,005 per ounce.
The market’s digital gold — Bitcoin BITSTAMP:BTCUSD — is up 26% in the past year. Gold is certainly having a moment here with just about every star aligning for its upside swing. War tremors, inflation jitters, consumer uncertainty and lower interest rates have come together to make gold great again.
Catch the drift? Yes, we mean US tariffs. Trump’s tariff drama is perhaps the biggest driver right now for the shiny stuff. Anxiety over gold getting slapped with a tariff has sent traders, dealers and investors scrambling to get more of it.
The US President has floated some comments on gold but not to the point where he even remotely hints at imposing a tariff. Around the end of February, Trump said he suspects someone might’ve actually been stealing gold from Fort Knox. His remarks came after Elon Musk, designated as a “special government employee,” raised some alarming questions.
“Who is confirming that gold wasn’t stolen from Fort Knox? Maybe it’s there, maybe it’s not,” Musk wrote on X . “That gold is owned by the American public! We want to know if it’s still there.”
Trump chimed in and said in an interview they’re planning to visit Fort Knox soon. “We’re going to go into Fort Knox, the fabled Fort Knox, to make sure the gold is there. He added that “if the gold isn’t there, we’re going to be very upset.”
Fort Knox is the equivalent of Scrooge McDuck’s impenetrable fortress full of gold collectibles. Only that Fort Knox staff doesn't backstroke through the piles of coins (or do they?). The vault holds a total of 147.3 million ounces worth roughly $430 billion today. To those who’re asking why not sell it and pay off some debt — America has a staggering $36 trillion debt burden . Selling gold to pay it off wouldn’t even return a blip on the chart.
According to Treasury Secretary Scott Bessent (who’s also a hedge fund manager) the gold at Fort Knox is audited “every year” and “all the gold is present and accounted for.”
All American gold is stored in a number of vaults, which collectively add up to a total of 261.5 million ounces (8,100 tons), according to Federal Reserve balances. That’s around a $770 billion piece of a market that’s worth nearly $20 trillion.
So is the gold rush exaggerated and maybe a little overrated?
In practice, gold is a pet rock with an added flair. It doesn’t generate yield, produce earnings or pay any form of interest to those who hold it. But gold has a solid history of being the ultimate store of value.
Gold’s supply is more or less fixed as miners are only able to dig out about 1% to 2% a year at best. All the gold ever unearthed in the world is a little over 216,000 tons , according to the World Gold Council. One way to picture that is 64,200 Tesla Cybertrucks. Or, if we were to melt it all, it would be enough to form a cube that’s 25 yards (23 meters) on each side.
You be the judge now — do you think gold is overpriced? Or are you a gold bug who believes that $3,000 could be the start of a new mega cycle for the precious metal? Share your comments below!
DeGRAM | GOLD hit $3000GOLD is in an ascending channel above the trend lines.
The price is moving from the lower boundary of the channel.
The chart has consolidated above the upper trend line.
We expect the growth to continue until reaching the upper boundary of the channel.
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Gold day trade short Gold has been exhibiting a strong bullish trend; however, I’ve noticed some divergence today, suggesting a potential high for the session. Based on this observation, I’ve entered a short position, anticipating a pullback in gold prices.
I'm targeting the 2957 level, as there is significant liquidity below Friday’s lows, which serve as a key support level. I believe these levels need to be taken out before gold can continue its upward trajectory.
I’d love to hear your thoughts—let me know what you think! If you found this analysis useful, feel free to give it a boost.
Thanks!
stocks vs gold race to recession safety since fed did its last rate cut in december 2024 fomc, Stocks down gold up
this is classic recession trade - dump risk assets and buy safe heaven
gold hit $3000 on recession panic market crash
if stocks bounce, panic may price out
if stocks fall more, panic selling will trigger which could slow the speed of gold rally
this market action and recent gold bars flying to New York from london may be recession panic buying not the tariff inflation hedge
in 2020 market crash everything went down but when recovery started gold proved better than stocks.
THE KOG REPORT THE KOG REPORT:
In last week’s KOG Report we said it would be a difficult one to decipher so we suggested traders wait for the break, trade into the levels given and then look for the RIPs. This worked particularly well for us giving us the move into the lower level as analysed on the break, using the red boxes for direction and then giving us the tap and bounce that we wanted to take the long trades back up into the new all time highs we witnessed towards the end of the week.
We managed to compete all of our bias level targets, getting a pin-point move from KOG’s bias and on top of that completing Excalibur targets and the red box targets. Not a bad week at all on Gold.
So, what can we expect in the week ahead?
For this week we’ll be looking for a retracement on the move, however, we are not discounting a curveball move from immediate support to clear liquidity from above. We have the resistance level above 2990 and lower support 2980 which could be the play for the opening. If we break above 2995, we’ll be looking for price to attempt that 3010 and above that 3020 region before attempting to short it again.
On the flip, if we do reject that higher level and can break below 2980, we’ll stick with the plan from last week where we’re looking to continue the retracement back down first into the 2965 level and below that 2950-55. If you look on the chart, we have highlighted a lower level which is sitting around 2935-20, an aggressive move downside can take us there on the manipulation move, so please trade with caution this week and keep an eye on the levels.
KOG’s bias for the week:
Bearish below 2995 with targets below 2970, 2965, 2955 and below that 2950
Bullish on break of 2995 with targets above 3003, 3006, 3010, 3016 and above that 3020
RED BOXES:
Break above 2995 for 2997, 3003, 3009, 3016 and 3021 in extension of the move
Break below 2980 for 2975, 2971, 2965, 2959, 2955 and 2945 in extension of the move
Short and simple this week, let’s see how the week plays out and remember, your risk model is there to protect you, use it, keep your losers small and your winners big!
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
WHY NZDJPY IS BULLISH??? DETAILED ANALYSISNZDJPY is currently trading at 85.900, forming a descending channel pattern, signaling a potential breakout. This pattern often leads to bullish reversals, and once the price breaks above the resistance zone, we could see strong upside momentum toward the 90.000 target. A successful breakout with increased volume will confirm the bullish wave, leading to an anticipated gain of 300+ pips.
From a technical perspective, the pair is testing key resistance levels within the descending channel, and a breakout will align with major trend continuation signals. If buyers maintain control, we could see the price rally towards 87.500 first, followed by a push toward 90.000 psychological resistance. Traders should watch for confirmation signals such as strong bullish candles, RSI divergence, and volume spikes to validate the breakout.
On the fundamental side, market sentiment and risk appetite are favoring jpy pairs, with the New Zealand dollar benefiting from commodity price stability and global risk-on sentiment. Meanwhile, the Bank of Japan's cautious stance on monetary tightening keeps jpy under pressure, further supporting upside potential for nzdjpy. If risk sentiment remains positive, the pair could maintain its bullish outlook, making the 90.000 target highly achievable.
XAUUSD is about to top. What this means for stocks?Seven months ago (August 05 2024, see chart below) we gave our long-term view on Gold (XAUUSD) based on the similarities of the current Cycle with the previous one (before the 2020 High):
The market is now approaching our 3100 Target being up +24% since then. We will not go into the similarities between those two Cycles again. The market will complete on this price a +85.42% rise from the bottom, almost reaching the 3.0 Fibonacci extension.
This cyclical pattern shows that when Gold Tops (on its 3rd 1W RSI High) and starts its 4-year Bear Cycle, the S&P500 (blue trend-line) extends its Bull Cycle up until the moment Gold tests its Bear Cycle Resistance and Double Tops, which is when the S&P500 starts its own Bear Cycle and corrects.
Before Gold tops however, the stock market does experience a volatile phase, which is exactly what SPX has been through since January. This is a great signal telling us that Gold may indeed be headed towards a Cycle Top, perhaps even as early as a month from now.
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💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
XAU/USD Buy Setup 📈 XAU/USD Buy Setup & Risk Management
🔹 **Trade Setup:**
✅ **Entry**: **$2,995** ✨
✅ **Take Profit (TP)**: **$3,010** 🎯
✅ **Stop-Loss (SL)**: **$2,987** ❌
✅ **Risk-Reward Ratio**: **1:1.88** ⚖️
🔹 **Risk Management Plan:**
📊 **Risk Per Trade**: Keep risk at **1-2% of your capital** 💰
📏 **Pips Risked**: **80 pips** (SL @ 2987) 📉
📏 **Pips Gained**: **150 pips** (TP @ 3010) 📈
📌 **Lot Size**: Use a **position size calculator** to adjust your lot based on risk tolerance ( (www.babypips.com))
🔹 **Trade Execution:**
✅ **Confirm bullish signals** (RSI above 50, MA crossover, strong support at $2,987) 📊
✅ **Avoid over-leveraging** – stick to your trading plan ⚖️
✅ **Monitor market conditions** for news & volatility 📢
🚀 **Gold is volatile—trade smart & secure profits!** 🏅
GOLD will start correction soon?#gold chart (1D daily candle size) has formed a bearish divergence. This may cause a correction in #xauusd. Also, TVC:GOLD has been moving in ascending wedge for long time (mid term). There may be deviations upside to have short sequeezes for early shorters. Therefore, avoiding high risks are appreciated. Not financial advice.
GOLD IN CONSOLIDATION – IS A MAJOR BREAKOUT IMMINENT?📌 Market Overview
Gold starts the week with limited momentum following last week’s sharp drop from its highs. Investors remain cautious, waiting for stronger signals before committing to a clear direction.
This week, the FOMC meeting will be the key event, as the Federal Reserve is expected to provide crucial updates on monetary policy based on last week’s inflation data.
At the same time, geopolitical tensions are rising after Trump's airstrikes on Iran-backed Houthi forces. However, gold has yet to respond significantly to these developments, suggesting that traders are looking for more confirmation before the next big move.
📊 Key Technical Levels
🔹 Support Levels: 2982 - 2976 - 2966 - 2948
🔹 Resistance Levels: 2994 - 3004 - 3015 - 3034
🎯 Today's Trade Setups
🟢 BUY ZONE: 2975 - 2973
📍 SL: 2970
🎯 TP: 2980 - 2984 - 2988 - 2992 - 2998
🔴 SELL ZONE: 3033 - 3035
📍 SL: 3038
🎯 TP: 3030 - 3025 - 3020 - 3016 - 3010
⚠ High Volatility Expected – Prepare for a Breakout!
Gold has been trading within a tight range since last week, and a breakout is likely during the late Asian or early European session. Traders should anticipate increased volatility and ensure strict risk management. Stick to your TP/SL strategy to safeguard capital.
📢 What’s your outlook for gold this week? Will it break higher, or is another correction coming? Share your thoughts below! 🚀🔥
XAUUSD: 17/3 Today's Market Analysis and StrategyGold technical analysis
Daily chart resistance 3000-3030, support below 2905
Four-hour chart resistance 3000, support below 2978
One-hour chart resistance 3000, support below 2980
Analysis of gold news: Last week, the gold market ushered in a historic breakthrough. Spot gold surged to $3005 and then fell back to consolidate. The current gold market is in a bullish and bearish game of "strong fundamental support" and "technical overbought correction". Safe-haven demand, central bank gold purchases and interest rate cut expectations constitute the basis for medium- and long-term increases, but in the short term, we need to guard against policy expectations and profit-taking selling pressure. This week's Federal Reserve meeting will become a bull-bear vane. If a loose signal is released, gold is expected to break through $3050 and open up new upside space; if the statement is hawkish or the economic data is stronger than expected, we need to be wary of the long-short battle at the $3000 mark. We need to keep a close eye on the changes in the Bollinger Bands channel shape and the momentum conversion of the MACD/RSI indicator to capture early signals of trend continuation or reversal.
Gold operation suggestions: Last Friday, the technical side of gold finally ushered in a bullish upward breakthrough after repeated fluctuations around the 2980 mark. The European session once accelerated to break through the 3000-point integer mark, and then fell under pressure and fell into a volatile consolidation. The overall gold price continued the extremely strong unilateral upward pattern of bulls. Gold began to trade sideways at a high level again. After falling to 2878 on Friday, it continued to bottom out and rebound. Gold bulls are still better. Now it is accumulating momentum at a high level, but gold has not seen a large adjustment. For the time being, bulls still dominate the market and wait for a decline to continue buying.
From the current trend analysis, today's lower support focuses on the one-hour level 2980 and the four-hour level 2978 line, focusing on the long-short dividing line support of 2950. The intraday retracement relies on the 2980-2978 line to continue to be bullish and unchanged, and the upper target is still concerned about the new high.
Buy: 2980near SL: 2975
Buy: 2950near SL: 2945
GOLD H1 Update: Bullish Outlook BUY DIPS by ProjectSyndicate🏆 Gold Market Highlights (March 2025)
📊 Technical Outlook
🔸Bullish OUTLOOK
🔸Broke out and set new ATH
🔸Strong UPTREND: Sequence of Higher Lows
🔸Recommend to BUY DIPS 2925/2950 USD
🔸Price Target BULLS: 3050 USD - 3100 USD
📈 Historic Milestone Achieved
🏅 Gold Futures Surpass $3,000
🔥 Gold prices hit an all-time high, closing above $3,000 ATH
🚀 Major breakout in the precious metals market!
📊 Analyst Perspectives
🔮 Continued Bullish Sentiment
📉 Both Wall Street & Main Street expect further gains beyond $3,000.
💡 Analysts see upside momentum continuing in the coming weeks.
🌍 Market Dynamics
⚡ Factors Driving the Rally
🌎 Global trade tensions & geopolitical risks pushing investors toward gold.
📌 Safe-haven demand surging amid uncertainty.
⏳ Historical Context
📜 Comparisons to the 1980 Bull Run
🔄 Parallels drawn between the current rally and the historic 1980 surge.
❓ Can gold repeat history and extend its gains even further?
🏦 Global Demand Trends
🇨🇳 China’s Record Gold ETF Inflows
📈 Massive inflows into gold ETFs in China, signaling strong demand.
💰 Jewelry demand expected to stabilize as the economy recovers.
🏦 Investor Behavior
🎯 Increased Attention Amid Uncertainty
🏛️ Investors shifting focus to gold as a hedge against economic instability.
💎 Gold’s safe-haven status reaffirmed, attracting more institutional buyers.
📢 Final Takeaway:
🔹 Gold is shining brighter than ever! 🌟
🔹 Expect volatility, but long-term outlook remains bullish. 💹
🔹 Keep an eye on key resistance & support levels. 🔍
Behind the Curtain: Unveiling Gold’s Economic Catalysts1. Introduction
Gold Futures (GC, MGC and 1OZ), traded on the CME market, are one of the most widely used financial instruments for hedging against inflation, currency fluctuations, and macroeconomic uncertainty. As a safe-haven asset, gold reacts to a wide range of economic indicators, making it crucial for traders to understand the underlying forces driving price movements.
By leveraging machine learning, specifically a Random Forest Regressor, we analyze the top economic indicators influencing Gold Futures on daily, weekly, and monthly timeframes. This data-driven approach reveals the key catalysts shaping GC Futures and provides traders with actionable insights to refine their strategies.
2. Understanding Gold Futures Contracts
Gold Futures (GC) are among the most actively traded futures contracts, offering traders and investors exposure to gold price movements with a range of contract sizes to suit different trading strategies. CME Group provides three types of Gold Futures contracts to accommodate traders of all levels:
o Standard Gold Futures (GC):
Contract Size: Represents 100 troy ounces of gold.
Tick Size: Each tick is 0.10 per ounce, equating to $10 per tick per contract.
Purpose: Ideal for institutional traders and large-scale hedgers.
Margin: Approximately $12,500 per contract.
o Micro Gold Futures (MGC):
Contract Size: Represents 10 troy ounces of gold, 1/10th the size of the standard GC contract.
Tick Size: Each tick is $1 per contract.
Purpose: Allows smaller-scale traders to participate in gold markets with lower capital requirements.
Margin: Approximately $1,250 per contract.
o 1-Ounce Gold Futures (1OZ):
Contract Size: Represents 1 troy ounce of gold.
Tick Size: Each tick is 0.25 per ounce, equating to $0.25 per tick per contract.
Purpose: Provides precision trading for retail participants who want exposure to gold at a smaller contract size.
Margin: Approximately $125 per contract.
Keep in mind that margin requirements vary through time as market volatility changes.
3. Daily Timeframe: Key Economic Indicators
Gold Futures respond quickly to short-term economic fluctuations, and three key indicators play a crucial role in daily price movements:
o Velocity of Money (M2):
Measures how quickly money circulates within the economy.
A higher velocity suggests increased spending and inflationary pressure, often boosting gold prices.
A lower velocity indicates stagnation, which may reduce inflation concerns and weigh on gold.
o Unemployment Rate:
Reflects the strength of the labor market.
Rising unemployment increases economic uncertainty, often driving demand for gold as a safe-haven asset.
Declining unemployment can strengthen risk assets, potentially reducing gold’s appeal.
o Oil Import Price Index:
Represents the cost of imported crude oil, influencing inflation trends.
Higher oil prices contribute to inflationary pressures, supporting gold as a hedge.
Lower oil prices may ease inflation concerns, weakening gold demand.
4. Weekly Timeframe: Key Economic Indicators
While daily fluctuations impact short-term traders, weekly economic data provides a broader perspective on gold price movements. The top weekly indicators include:
o Nonfarm Payrolls (NFP):
Measures the number of new jobs added in the U.S. economy each month.
Strong NFP numbers typically strengthen the U.S. dollar and increase interest rate hike expectations, pressuring gold prices.
Weak NFP figures can drive economic uncertainty, increasing gold’s safe-haven appeal.
o Nonfarm Productivity:
Represents labor efficiency and economic output per hour worked.
Rising productivity suggests economic growth, potentially reducing demand for gold.
Falling productivity can signal economic weakness, increasing gold’s appeal.
o Personal Spending:
Tracks consumer spending habits, influencing economic activity and inflation expectations.
Higher spending can lead to inflation, often pushing gold prices higher.
Lower spending suggests economic slowing, which may either weaken or support gold depending on inflationary outlooks.
5. Monthly Timeframe: Key Economic Indicators
Long-term trends in Gold Futures are shaped by macroeconomic forces that impact investor sentiment, inflation expectations, and interest rates. The most influential monthly indicators include:
o China GDP Growth Rate:
China is one of the largest consumers of gold, both for investment and jewelry.
Strong GDP growth signals robust demand for gold, pushing prices higher.
Slower growth may weaken gold demand, applying downward pressure on prices.
o Corporate Bond Spread (BAA - 10Y):
Measures the risk premium between corporate bonds and U.S. Treasury bonds.
A widening spread signals economic uncertainty, increasing demand for gold as a safe-haven asset.
A narrowing spread suggests confidence in risk assets, potentially reducing gold’s appeal.
o 10-Year Treasury Yield:
Gold has an inverse relationship with bond yields since it does not generate interest.
Rising yields increase the opportunity cost of holding gold, often leading to price declines.
Falling yields make gold more attractive, leading to price appreciation.
6. Risk Management Strategies
Given gold’s volatility and sensitivity to macroeconomic changes, risk management is essential for trading GC Futures. Key risk strategies may include:
Monitoring Global Liquidity Conditions:
Keep an eye on M2 Money Supply and inflation trends to anticipate major shifts in gold pricing.
Interest Rate Sensitivity:
Since gold competes with yield-bearing assets, traders should closely track interest rate movements.
Higher 10-Year Treasury Yields can weaken gold’s value as a non-yielding asset.
Diversification and Hedging:
Traders can hedge gold positions using interest rate-sensitive assets such as bonds or inflation-linked securities.
Gold often performs well in times of equity market distress, making it a commonly used portfolio diversifier.
7. Conclusion
Gold Futures remain one of the most influential instruments in the global financial markets.
By leveraging machine learning insights and macroeconomic data, traders can better position themselves for profitable trading opportunities. Whether trading daily, weekly, or monthly trends, understanding these indicators allows market participants to align their strategies with broader economic conditions.
Stay tuned for the next "Behind the Curtain" installment, where we explore economic forces shaping another key futures market.
When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com - This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies.
General Disclaimer:
The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
XAG/USD Breakout (17.3.2025)The XAG/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 34.31
2nd Resistance – 34.66
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GOLD hit 3000$ The first notable event is the Bank of Japan (BOJ) monetary policy meeting on Tuesday, followed by the US Federal Reserve (FED) interest rate decision on Wednesday. The Swiss National Bank (SNB) and the Bank of England (BOE) will announce their interest rate policies on Thursday.
These moves can directly affect the strength of the USD and capital flows into gold. This expert believes that if the FED maintains a "hawkish" stance and takes a cautious view on cutting interest rates, the USD may continue to strengthen, putting pressure on gold prices. On the contrary, if the signals from the FED are more easing, the precious metal may maintain its upward momentum.
Commodity experts at Macquarie have raised their gold price forecast to $3,500 an ounce by the third quarter of 2025. They had previously targeted $3,000 for mid-year, but gold prices have hit that mark earlier than expected.
Gold Price Analysis: Potential Head and Shoulders Breakdownhello guys.
In the 30-minute chart of Gold Spot (XAU/USD), A head-and-shoulders pattern has formed, signaling a potential bearish reversal. The price is currently consolidating near the right shoulder, and if a breakout below the neckline occurs, it could lead to a further downside.
The volume profile indicates a strong support zone around $2,962 - $2,965, which aligns with a key liquidity area. As illustrated by the red arrows, the expected price action suggests a minor pullback before continuing toward this support zone.
Traders should watch for confirmation of the breakdown before entering short positions, with a target near the highlighted demand area.
Head & Shoulders Pattern Forming? 📊 GOLD (XAU/USD) 1H Timeframe Analysis – Head & Shoulders Pattern Forming? 🚀
📉 Gold is forming a possible Head & Shoulders pattern on the 1-hour chart.
🔄 Key Levels & Scenarios:
✅ Bearish Scenario: If the price breaks below the blue support zone, the next targets will be at the green line levels.
✅ Invalidation: If the price moves above the right shoulder, the bearish structure is invalidated, and we could see a bullish continuation.
📌 Watch for a confirmed breakout before taking a position!