Gold Price Analysis March 7Fundamental analysis
Gold prices saw buying pressure as they dipped below $2,900 before rebounding to a daily high in European trading on Friday morning. Investors were cautious and waiting for the key US jobs report. The upcoming Non-Farm Payrolls (NFP) report will have a significant impact on the USD's performance in the short term and could provide fresh impetus to gold prices.
Amid the market’s anticipation of key economic data, expectations that the Federal Reserve could cut interest rates multiple times in 2025 – amid signs of slowing US economic growth – sent the USD tumbling to a multi-month low, further supporting gold prices. In addition, concerns surrounding former US President Donald Trump’s trade policies and their potential impact on the global economy weighed on investor sentiment.
Technical analysis
Gold price is increasing in the early European trading session. 2928 will be the resistance level in this trading session. If the European session fails to break this zone, consider SELL signals to 95. Conversely, when breaking 2928, wait for retest and BUY signals towards 294x to SELL. NF trading range today is 2876 and 2945.
Xauusdupdates
Latest XAUUSD news analysis, trading signal planSpot gold traded around 2910 on Monday. Gold prices rose last week, helped by safe-haven inflows and the US employment report showing lower-than-expected job growth in February, suggesting that the Fed is expected to cut interest rates this year.
News Interpretation: The Fed Chairman said at the New York Economic Forum that the Trump administration's tariff plan may push up inflation, but its impact remains to be seen. He stressed that the Fed does not need to rush to cut interest rates before it has more information, but should remain on the sidelines. February Consumer Price Index (CPI) data will be released on Wednesday. Since the Fed will be in a silent period before its policy meeting on March 18-19, the inflation report may affect the market's pricing of the Fed's interest rate outlook and drive gold's trend.
Gold Trend Analysis:
Gold prices have been tested below $2930 many times, but have failed to achieve an effective breakthrough. This key pressure level has successfully blocked the upward pace of gold prices in multiple rounds of market fluctuations in the past, and its effectiveness has been fully verified. In the subsequent operation plan, investors can focus on the vicinity of $2,930, which is in a sensitive range below the pressure level. Market sentiment reacts strongly to price fluctuations. Once a short-selling signal appears, it is an ideal time to enter the market. At the same time, in order to effectively avoid the possible risk of price rebound, the defensive position is reasonably set at $2,935. This price is higher than the key pressure level, which can minimize the triggering of stop losses due to short-term market fluctuations and ensure the stability of the trading strategy. TVC:GOLD OANDA:XAUUSD FOREXCOM:XAUUSD ICMARKETS:XAUUSD TVC:USOIL PEPPERSTONE:XAUUSD
XAUUSD,GOLD 4H GOLD has broke and retested an upward channel, which means we are looking for selling oppotunity
1.The CHoCH has been created
2. A lower low has been created
On 4h timeframe I see a potential HEAD & SHOULDERS.
NOTE : We're not entring the trade until the downward break of the HEAD & SHOULDERS.
Gold trading opportunities next week? Baker tells youAnalysis of gold market trends next Monday:
Technical analysis of gold: This week, I have been emphasizing that gold is a volatile market. Facts have proved that my view is also very correct. Go short under the pressure of 2928 and go long on dips at 2894. The gold price has fluctuated in this range many times. I also go long at high and low in this range and make profits continuously. As long as you trade according to the range signal, you can easily make a profit. Before the market moves out, the fluctuation will continue, and the continuous profit will also continue. The non-agricultural and unemployment benefits on Friday are both bullish for gold, but gold still rose and fell. It is a volatile opportunity. Gold has two consecutive wins in shorting at 2926 after the non-agricultural in the US market on Friday.
From a technical perspective, gold closed positive this week. If it continues to close positive next week, it is expected to reach a new high in the later period. A single negative without continuous negative can only be regarded as a correction rather than a reversal. If it closes negative, the weekly line will switch between positive and negative. The weekly resistance is near the high point of this week at 2930. If it breaks above, it is likely to go to the previous high near 2956 or even a new high. If 2930 cannot break, the first look below is around 2882. Once it breaks down effectively, it will go to around 2870-2860. If the market wants to fall back significantly, it must break below 2858 effectively, otherwise it will fluctuate and clean up at a high level.
On the whole, the short-term operation strategy for gold next Monday is to focus on long positions on pullbacks and short positions on rebounds. The short-term focus on the upper resistance of 2928-2930 is the first line, and the short-term focus on the lower support of 2888-2878 is the first line. It is necessary to control the position and stop loss, and do not resist the order. The specific points are mainly based on the real-time intraday. Welcome to experience, exchange real-time market conditions, and pay attention to real-time orders. TVC:GOLD OANDA:XAUUSD
What news has recently affected the trend of gold and crude oil?How to judge the future market of gold bulls and bears?
On Friday (March 7), spot gold prices soared due to the weak non-agricultural report, but after the hawkish remarks of Fed Powell, gold prices staged a "high diving". Subsequently, Fed Powell reiterated that there is no rush to cut interest rates. Uncertainty in the economic outlook has increased, and progress in inflation and continued employment has been uneven. It remains to be seen. We can wait for the impact of Trump's policies to become clearer. Powell added that the easing of geopolitical tensions also limited the rise in gold prices, and some progress has been made in a possible ceasefire agreement between Ukraine and Russia. In the Middle East, US President Trump continued to pressure Hamas to release hostages. At the same time, according to the World Gold Council, the People's Bank of China continued to buy gold. The People's Bank of China increased its holdings of gold by 10 tons in the first two months of 2025. However, the largest buyer was the Polish Central Bank, which added 29 tons of gold reserves, the largest purchase since it bought 95 tons of gold in June 2019. The gold market is currently in a consolidation phase, and risk aversion provides continued support.
OANDA:XAUUSD ICMARKETS:XAUUSD TVC:GOLD TVC:USOIL FOREXCOM:XAUUSD
Gold (XAU/USD) Trade Plan – Breakout or RejectionGold (XAU/USD) Trade Plan – Breakout or Rejection Setup
This trade is based on price action around a descending trendline and key resistance levels, aiming for a potential breakout or rejection move.
Trade Setup:
Entry Zone: Around 2,919 - 2,923, where price is testing the trendline and resistance area.
Stop Loss: Placed at 2,906 to protect against downside risk if price fails to break resistance.
Take Profit Target: 2,941 - 2,943, aligning with a major resistance level above.
Market Outlook & Strategy:
Bullish Bias: If price breaks the trendline and holds above the resistance zone, it confirms a bullish move toward the take profit zone.
Bearish Risk: If price gets rejected at the trendline, a potential reversal could occur, leading to lower support zones.
Confirmation Needed: A strong bullish candle closing above resistance or retesting support at entry levels before continuation.
This trade aims to capture momentum from a breakout while managing risk with a well-placed stop loss.
FOREXCOM:XAUUSD OANDA:XAUUSD FX:XAUUSD FXOPEN:XAUUSD PEPPERSTONE:XAUUSD ICMARKETS:XAUUSD EIGHTCAP:XAUUSD EIGHTCAP:XAUUSD PYTH:XAUUSD VANTAGE:XAUUSD VANTAGE:XAUUSD SAXO:XAUUSD FX_IDC:XAUUSD
Be careful when trading XAUUSD after the data is releasedOn Friday (March 7), the February non-farm payrolls data was released, with 151,000 new jobs, lower than the market expectation of 160,000, and the unemployment rate slightly increased to 4.1%. The annual rate of hourly wages increased by 4.0%, lower than the expected 4.1%. After the data was released, the market fluctuated violently. The US dollar index (DXY) first fell 13 points to 103.61, then rebounded 27 points to 103.88, and then plunged about 40 points, reaching a low of 103.4554, with a fluctuation range of more than 80 points. Spot gold (XAU/USD) rose by $9 to 2930 in 1 minute, and then gave up the gains, with an amplitude of about $50, and now reported at $2912.88/ounce. This slightly weak employment report ignited recession concerns. While the US dollar was under pressure, the Fed's policy expectations also faced new tests. New changes are worth paying attention to. Well-known institutions pointed out that "Trump has been engaged in civil servant layoffs and trade barriers since he took office, which is not good for the job market.
Technical analysis viewpoint: The dollar broke down and gold fluctuated under pressure
Weak signals dominate, and policy games intensify. From a technical perspective, if the US dollar index cannot return to 103.70, the 103 mark below is in danger, and it may even test 101.90. The upper resistance is 104 and the 200-day moving average (105.03), and a short-term rebound requires strong positive support. For gold, pay attention to the resistance range of 2930-2935. If it breaks through, it will point to 2950. Pay attention to the support of 2882-2876 below.
Trading is risky, and positions should be controlled reasonably. When the opportunity comes, if you don’t know when to enter the market and want to get accurate transactions and huge profits in advance, please leave me a message and I will make you feel that this is true. TVC:GOLD OANDA:XAUUSD ICMARKETS:XAUUSD FOREXCOM:XAUUSD
XAUUSD trading signal for large-scale fluctuations tonightGold is currently fluctuating in a narrow range and is currently trading around $2,919/ounce. Gold prices fell slightly on Thursday. Some of Trump's tariff exemption policies and the market's expectation that the Russian-Ukrainian war is coming to an end have cooled risk aversion sentiment and pushed some longs to take profits. Spot gold once fell to around $2,891/ounce, but the US trade deficit hit a record high in January, suggesting that trade may drag down economic growth in the first quarter. Market expectations for the Fed's rate cut in May have increased, attracting bargain-hunting buying to support gold prices, which closed at $2,910.76/ounce on Thursday, down about 0.28%. The market's attention is currently turning to Friday's non-farm payrolls data to further understand the Fed's monetary policy trends.
From a technical perspective, the upper resistance is concentrated in the 2,922 to 2,924 area. Once effectively broken, the gold price may continue to rise to around 2,940. The lower support is in the 2,893 to 28,882 range. If it falls below this support, the gold price may pull back to the 2,868 level. In terms of operation strategy, it is recommended to focus on callbacks and long positions, supplemented by rebound high-altitude strategies. Everyone needs to pay close attention to the impact of non-agricultural data on the market, flexibly adjust positions, and do a good job of risk management to respond to market fluctuations in a stable manner. OANDA:XAUUSD TVC:GOLD FOREXCOM:XAUUSD PEPPERSTONE:XAUUSD
3.7 Gold wedge wide consolidation, waiting for non-agricultural 2928 is the defensive point, short near 2923, if weak, it is 19-20 here, once the four-hour below the medium-term moving average, it is dispensable for the evening data, basically it is a rebound short, pay attention to the three points below 95-84-65. Personally, I expect that today will be a Black Friday.
Trading is for profitable trading, not for gambling or trading, so traders must understand what operations to take at what stage the price is! Traders are not always long or short, and traders always change with market changes! Traders must have their own defense system to control risks!
XAU/USD 07 March 2025 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has printed a bullish CHoCH according to analysis and bias dated 28 February 2025.
Price is currently trading within an established internal range.
Intraday Expectation:
Price is now trading in premium of 50% internal EQ where we could see a reaction at any point. Price could also target H4 supply zone before targeting weak internal low, priced at 2,832.720
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
Price could also be driven by President Trump's policies, geopolitical moves and economic decisions which are sparking uncertainty.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Analysis and bias remains the same as analysis dated 03 March 2023.
As mentioned in my analysis dated 28 February 2025, whereby price printed a bullish CHoCH but stated I would continue to monitor price.
On this occasion I have marked the previous bullish CHoCH in red as price did not pull back deeply enough to warrant internal structure breaks, additionally, there was minimal time spent.
Price has printed a further bullish CHoCH which is now confirmed. Price is not trading within an established internal range.
Intraday Expectation:
Price to continue bullish, react at either premium of internal 50% EQ, or M15 supply zone before targeting weak internal low priced at 2,832.720.
Note:
With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment.
M15 Chart:
Non-agricultural data is coming, gold trend analysis The biggest news overnight was the expected rate cut by the European Central Bank, which indicated that the European Central Bank may cut interest rates further.
Although the trade war with the United States is imminent and Europe plans to increase military spending, it has triggered the most significant economic policy shift in Europe in decades.
In addition, the number of initial jobless claims in the United States last week fell by 21,000, a larger drop than expected, suggesting that the labor market remained stable in February, but import tariffs and drastic government spending cuts will cause turbulence in the future.
In addition, the number of initial jobless claims in the United States last week fell by 21,000, a larger drop than expected, suggesting that the labor market remained stable in February, but import tariffs and drastic government spending cuts will cause turbulence in the future.
In the early morning, Federal Reserve Chairman Powell will also give a speech at the University of Chicago Booth School of Business, so everyone should pay close attention.
From the perspective of the 1-hour cycle, it is very similar to the 4-hour cycle, and it is not an exaggeration to say that it is a nested structure. The same trend line breaks down, and the same high point moves down. Again, not chasing the rise is a discipline that must be followed. Even if it breaks through 2930 today, the upper 2940--44 area will still be beaten down. So in the short term, you can short around 25. Conservative investors can wait for the release of non-agricultural data and choose the opportunity to enter the market.
XAUUSD NFP 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.
GOLD READY TO EXPLODE? Key Levels You MUST Watch! Gold (XAU/USD) is at a make-or-break point, holding key support while testing resistance. A breakout could send prices soaring—are you ready?
📌 Current Price: $2,913.80
📊 Market Bias: Still bullish, but key zones must hold for continuation.
🔥 Key Levels You NEED to Watch:
🔵 Major Resistance: $2,920 → A clean breakout could push price to $2,945 - $2,960.
🟢 Critical Support: $2,834 → If this level breaks, expect a drop to $2,800 - $2,760.
📈 Trendline Support: Gold is respecting an ascending trendline, keeping the bullish structure intact.
🎯 Trade Setups:
✅ Bullish Scenario: If Gold breaks $2,920, we could see a rapid move toward $2,945+.
❌ Bearish Scenario: If price loses $2,834, sellers may take control, driving price lower.
📌 Why This Matters:
Gold is being fueled by inflation concerns, central bank policies, and investor demand for safe-haven assets. The next breakout could set the tone for the coming weeks.
💬 Will Gold pump or dump from here? Drop your predictions in the comments! 🔥👇
Today's gold 19-20 short, waiting for the evening non-agriculturGold, yesterday's trend also caught the market off guard. Before the non-agricultural results are released, it is very likely to continue to maintain a volatile pattern in the short term. At present, the amplitude of the volatility is too large. The current support below is maintained at the 90 line, and the pressure above is maintained at the 20 line. In the short term, we can do some volatile operations around this range. Once a breakthrough occurs, we can continue to follow up in the later period. The previous value of non-agricultural is 14.3, and it is expected to reach 16. The value in the evening is likely to be higher than 16, which may also achieve a negative effect. In the day, we still wait for the bulls to pull back and short around 19-20, with a target of around 05-90 and a loss of 28.5.
Will the NFP report act as a catalyst for a downside breakout?In my post yesterday, I argued that multiple resistance levels exist above 2925, which could lead to a market decline.
Indeed, throughout the day, gold dipped below 2900 once again, but support held, keeping the price stuck in a range.
Looking ahead, today’s NFP data could act as a catalyst for a breakout from this range.
My bias remains bearish, and I expect a break of the support level, followed by a continuation downward toward last week's lows.
However, a breakout and sustained buying above 2925 would shift my outlook.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Nonfarm forecast tonight ? 🔴US Expected to Add 170,000 Jobs in February, But Job Outlook Worsens
————
⚫February Jobs Forecast: Nonfarm payrolls report projects 170,000 jobs added, up from 143,000 in January, while unemployment remains at 4%.
⚫Mixed Signals: While official data shows the labor market remains strong, surveys show many workers are worried about their jobs and less willing to look for new opportunities, while job seekers are having a tough time.
⚫Layoffs Rising: Staffing firm Challenger, Gray & Christmas reports that businesses are announcing the highest level of layoffs since July 2020, with 62,000 jobs tied to the Trump administration's federal workforce cuts.
⚫Consumer Confidence Falls: A report from the Conference Board and the University of Michigan showed consumer confidence is falling sharply amid fears about growth and the labor market.
⚫Impact of Government Layoffs: Some economists warn that government layoffs could spread and affect as many as 500,000 jobs, undermining confidence in the economy.
⚫Wage Growth: Average wages are expected to rise 0.3% month-over-month and 4.2% year-over-year, up from 4.1% in January.
Gold Moves Back Into an Uptrend ChannelOver the last five trading sessions, the price of the precious metal has recovered more than 3% as uncertainty surrounding the new 25% tariffs on countries like Mexico and Canada remains constant. In the past two sessions, the price has maintained steady neutrality as the market awaits the release of the U.S. NFP data tomorrow. Initially, expectations point to an increase of 159K new jobs compared to the 143K reported in the previous release.
Upward Channel: Since late December 2024, gold has attempted to sustain a short-term upward channel, which saw a breakout last week around the $2,850 per ounce price zone. However, in recent sessions, the price has re-entered the bullish formation and continues to show slight buying momentum, keeping the channel intact for now.
MACD: Currently, the histogram remains oscillating below the neutral 0 line, but an increasingly bullish outlook has started to emerge. As long as the MACD histogram does not consistently diverge further from the neutral line, the selling pressure from previous sessions could gradually weaken, reinforcing a potential bullish perspective on the chart.
Key Levels:
$3K: A tentative resistance level, situated in a price zone that gold has never reached in its history. Sustained buying momentum reaching this level could reinforce the bullish bias and further strengthen the current upward channel.
$2.9K: A nearby support level, located at the lower boundary of the current bullish channel. Persistent selling pressure below this level could reinforce the bearish bias and pose a threat to the current upward trend.
$2.7K: A definitive support level, positioned at the 50-period simple moving average. Price fluctuations reaching this level could trigger a new sideways movement in the short term and eliminate the clarity of the current bullish direction.
By Julian Pineda, CFA – Market Analyst
Gold continues to fluctuate on a roller coaster! Analysis of golTechnical analysis of gold: Gold has been volatile these past two days, and the bull-bear game is also fierce. The current rise and fall of gold have not continued, and they are just piercing patterns. The piercing of 2928 on Wednesday did not continue, and the piercing of 2894 on Thursday did not continue. The hourly and four-hour cycles are very obvious, both are horizontal structures, and the price fluctuates repeatedly like a roller coaster. In this case, you cannot chase orders, and it is easy to lose money on both ends. This trend will be maintained before the non-agricultural data. The choice of direction depends on the impact of Friday's non-agricultural data. For the daily cycle, the moving average of the big drop last week was a dead cross downward, but after the strong rebound this week, it is currently in a horizontal flat state. There is no clear direction after the big drop and rise. For the time being, it is more based on shocks, especially short-term trading. The US market rose to the opening drop of 2923 in the European market and then fell back. Pay attention to the support of 2903/2905 in the early morning. Short-term long, the range is 2890-2930. Note that the direction is only after the breakthrough and continuation.
Today's short-term gold operation ideas suggest that callbacks should be the main focus, and rebound shorts should be supplemented. The upper short-term focus is on the 2930-2932 first-line resistance, and the lower short-term focus is on the 2890-2894 first-line support.
Short position strategy:
Strategy 1: Short 20% of the gold position in batches when it rebounds to around 2927-2930, stop loss 8 points, target around 2915-2900, break to see 2895 line;
Long position strategy:
Strategy 2: Long 20% of the gold position in batches when it pulls back to around 2893-2895, stop loss 8 points, target around 2910-2920, break to see 2930 line;