Wick-Sniper

Wick-Sniper

Last week, I published my idea for a whole week with daily updates for the first time. You can read about it here: 🎯 The target of $3348 was reached on Friday due to the announcement of new tariffs against the European Union. 💡 Here is my idea for the week from May 26-30, 2025. First things first, the Friday session last week ended with bullish momentum....

Wick-Sniper Updated 

Weekly Recap – Gold Market Monday, May 12, 2025 The week began with a sharp GAP during the Asian session (starting around 1:00 AM London / 8:00 PM New York on Sunday) : Gold dropped abruptly by $60, from $3,325 to $3,266. The catalyst was a temporary easing of trade tensions between the U.S. and China, following weekend negotiations that led to a 90-day...

Wick-Sniper Updated 

Gold Bullish? Sure, go ahead, but let me explain where we are and so on... 🤔 1. Newswise 📰 Tariffwar: Trade tensions between the U.S. and China have intensified following President Trump's tariff hikes. The U.S. increased tariffs on Chinese imports to 145%, while China retaliated with tariffs up to 125% on U.S. goods. Despite these escalations, both...

Wick-Sniper Updated 

🟡 Gold Traders: Nothing Matters Until Wednesday! ⏳💤 Hey traders! 👋 This week, all eyes are on Wednesday... and everything before that? Mostly noise. Let me break it down for you. 👇 📊 Technical Outlook Gold is chilling above a key resistance level right now. Trendlines suggest we won’t see any major moves before Wednesday unless big news drops. 📰 🕐 Asian...

Wick-Sniper

💰 Gold on the Move – Bearish or Bullish? 🤔 Hey traders! 👋 On the 1H chart, Gold was chillin’ on a trendline starting from $3386 on Wed, Apr 23, climbing up till $3353 on Mon, Apr 28 📈. But then... it changed direction! 😬 Starting Wed, Apr 30, we saw a shift to a lower trendline at $3319, and today it’s trying to climb above $3300 🔄. 📉 Bearish vibes? We're...

Wick-Sniper

Recently, the expected Head and Shoulders pattern seems to be delayed — and possibly invalidated — as buyers successfully defended the line at $3,287, pushing the price up to $3,319 on Friday. As a result, a new bullish setup has emerged. On the 1-hour chart, an XABCD harmonic pattern has clearly formed, offering two upside targets: Target 1: $3,367 Target...

Wick-Sniper Updated 

OANDA:XAUUSD 📉 Watching closely: Possible Head and Shoulders formation developing on the 4H and 1H charts As of April 24, 2025, Gold (XAU/USD) is forming a potential Head and Shoulders pattern on the shorter timeframes (4H and 1H), which could indicate a reversal setup. While multiple scenarios are still in play, the price action around the $3368 level...

Wick-Sniper

📊 Summary of Recent 4 Trading Days During the ongoing US-China trade war, President Trump has ramped up his public criticism of Federal Reserve Chair Jerome Powell. Though he lacks the authority to remove Powell directly it seems, Trump's frustration with the Fed’s independent policy direction has led to an apparent institutional power struggle. This conflict...

Wick-Sniper

The gold price has had a pretty crazy six days, jumping from 3,014 USD on April 9, 2025, to 3,357 USD on April 17 – that’s a solid 11%+ gain. So, what’s going on now? Is the gold rally over, or could we see even more upside? Let’s break it down. 🔥 What’s driving the gold price? The big reason behind the recent surge is the trade war between the US and China....

Wick-Sniper

OANDA:XAUUSD Gold has been heavily influenced by recent developments in the trade war. A 90-day pause on tariffs (excluding China) and the exemption of smartphones and computers from tariffs were announced on friday. These headlines may temporarily calm markets and give stocks room to rise — which typically puts pressure on gold. If Dollar is rising again,...

Wick-Sniper

The late Friday session on March 28, 2025, ended with a strong rally in gold, as multiple price candles attempted to push higher. By 10 PM CET, gold had settled at $3,085.345, reflecting significant bullish momentum. As the market reopened on Monday, the gold price gapped up by approximately +$12.5 , opening at $3,097.978 . This type of price gap typically...

Wick-Sniper

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...

Wick-Sniper Updated 

Gold prices have been on a strong upward trend, reaching a high of $3,059. The upcoming US economic data release on March 28, 2025, could provide new momentum for gold, particularly with the following key indicators in focus: - Core PCE Price Index (MoM) - Personal Spending (MoM) - Personal Income (MoM) Current forecasts suggest a slowdown in inflation and...

Wick-Sniper Updated 

Gold could see bullish momentum as the U.S. GDP Growth Rate (QoQ Final) is set to be announced on March 27, 2025. The U.S. economy showed signs of slowing down in Q4 2024, with GDP growth dropping from 3.1% to 2.3%. If this downward trend continues due to actual recession fears and given the market conditions up to today, the report is unlikely to be a major...

Wick-Sniper Updated 

🔍 Market Analysis After Durable Goods Orders Release The latest Durable Goods Orders (MoM) for February 2025 were released today, showing a surprising 0.9% increase, while economists had expected a 1.0% decline. However, core capital goods orders fell by 0.3%, indicating weaker business investment. These mixed figures create uncertainty in the markets. The strong...

Wick-Sniper

Tomorrow could be an exciting day for gold! 🎢 The current trend channel has broken out and is now moving sideways. The big question: Will the market push higher, or are we in for a drop? If the bulls take control, we could see a test of the $3,036 zone – a key target for long traders! 🚀 But be careful: If the price falls below $3,015, it's time to watch closely!...