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Gold Price Surges Amid Market Uncertainty – What’s Next?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 occurs when buyers are willing to pay more than the previous session’s close, signaling strong demand. What’s Driving the Gold Rally? The answer lies in a mix of tariffs, war, and recession fears. The global financial landscape remains highly unstable, and in times of uncertainty, gold historically acts as the preferred safe-haven asset. Investors are flocking to the precious metal as a hedge against economic instability. Adding fuel to the fire, on April 2nd, additional U.S. tariffs imposed by President Donald Trump are set to take effect. This move could further disrupt markets, potentially driving even more capital into gold. The Interest Rate Factor – A Hidden Risk? While gold is surging, there’s a crucial factor to watch: Federal Reserve policy. So far, Fed Chair Jerome Powell has maintained a cautious stance on interest rates. However, if the situation deteriorates, the Fed might be forced to cut rates earlier than expected to stabilize the economy. This could create a paradox for gold traders. While rate cuts typically support gold in the long run, a sudden policy shift could trigger a short-term sell-off as investors adjust their positions. If that happens, gold could see a sharp correction before resuming its trend. Final Thoughts Gold remains in a strong uptrend, but traders should stay cautious. If the Fed pivots and announces rate cuts sooner than expected, we could see a pullback in gold before the next leg higher. The coming days will be critical – keep an eye on April 2 and any shifts in Fed policy that could shake up the market. 👉 Will gold continue its rally, or are we facing a major pullback? Share your thoughts in the comments! 🚀 ------------------------------------------------------------------------- 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! 🚀📊
OANDA:XAUUSD
by Wick-Sniper
Gold Wave 5 Bull Complete?! (4H UPDATE)My bias from Friday's video analysis still remains the same. We are OUT OF GOLD SELL'S for the time being. We will only enter swing sell's, once market structure breaches the previous Wave 3 high's at $3,057 & gives us a structure shift to the downside, turning the market bearish. Until then we're out of the market & letting Gold run higher if it chooses to. As soon as Gold CLOSES BELOW $3,057 & gives us a 'selling confirmation', then we can put our 'Invalidation Level' above the previous high.
OANDA:XAUUSDShort
by BA_Investments
WTI CRUDE OIL: 1M MA100 providing huge buying pressure to $77.50WTI Crude Oil has reclaimed its bullish technical outlook on 1D (RSI = 62.688, MACD = -0.001, ADX = 49.608) as is about to end the month on a strong green 1M candle and a huge 1M RSI bullish divergence. The most important development here is that the current 1M candle (March) marginally hit the 1M MA100 and immediately rebounded. This trendline has been the market's major long term support since April 2021, so essentially for the last 4 years. We believe that this is enough to cause a medium term rebound to the LH Zone and possibly even just outside of it to test the 1M MA50. For now however, our target is contained inside this zone (TP = 77.50). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
1
GOLD ROUTE MAP UPDATEHey Everyone, A fantastic start to the week with our chart idea playing out perfectly inline with our trading plans. We started the day with our Bullish target 3090 hit, followed with 3103 and then cross and lock confirmation to complete 3117. We also got the cross and lock above 3117 to open 3128 and just fell short of a pip. We will keep this full gap in mind, as we continue with our plans to buy dips Rejection at this level will see lower Goldlturns tested and likely continue to see bounces on the weighted Goldturn levels, which we can use inline with our plans to buy dips. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 3090 - DONE EMA5 CROSS AND LOCK ABOVE 3090 WILL OPEN THE FOLLOWING BULLISH TARGET 3103 - DONE EMA5 CROSS AND LOCK ABOVE 3103 WILL OPEN THE FOLLOWING BULLISH TARGET 3117 - DONE EMA5 CROSS AND LOCK ABOVE 3117 WILL OPEN THE FOLLOWING BULLISH TARGET 3128 BEARISH TARGETS 3074 EMA5 CROSS AND LOCK BELOW 3074 WILL OPEN THE FOLLOWING BEARISH TARGET 3055 EMA5 CROSS AND LOCK BELOW 3055 WILL OPEN THE FOLLOWING BEARISH TARGET 3039 EMA5 CROSS AND LOCK BELOW 3039 WILL OPEN THE FOLLOWING BEARISH TARGET 3020 EMA5 CROSS AND LOCK BELOW 3020 WILL OPEN THE SWING RANGE SWING RANGE 2999 - 2985 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
17
CRUDE OIL Bullish Breakout! Buy! Hello,Traders! CRUDE OIL is trading in an Uptrend and the pair made A bullish breakout of the key Level of 70.30$ and the Breakout is confirmed so we Are bullish biased and we Will be expecting a further Move up after a potential Local pullback Buy! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TVC:USOILLong
by TopTradingSignals
1
GOLD On The Rise! BUY! My dear friends, Please, find my technical outlook for GOLD below: The instrument tests an important psychological level 3120.98 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 3135.5 Recommended Stop Loss - 3113.1 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
TRADENATION:XAUUSDLong
by AnabelSignals
1
XTI/USD "WTI Crude Oil" Energy Market Heist Plan (Scalping/Day)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑 💰💸✈️ Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the XTI/USD "WTI Light Crude Oil" Energy Market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk ATR Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸"Take profit and treat yourself, traders. You deserve it!💪🏆🎉 Entry 📈 : "The heist is on! Wait for the MA breakout (71.000) then make your move - Bullish profits await!" however I advise to Place Buy stop orders above the Moving average (or) Place buy limit orders within a 15 or 30 minute timeframe most recent or swing, low or high level. 📌I strongly advise you to set an "alert (Alarm)" on your chart so you can see when the breakout entry occurs. Stop Loss 🛑: Thief SL placed at the recent/swing low level Using the 1H timeframe (68.500) Day / scalping trade basis. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. 🏴‍☠️Target 🎯: 73.500 (or) Escape Before the Target 🧲Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 🛢🔥XTI/USD "WTI Light Crude Oil" Energy Market Heist Plan (Day/Scalping Trade) is currently experiencing a bullishness,., driven by several key factors. 📰🗞️Get & Read the Fundamental, Macro, COT Report, Inventory and Storage Analysis, Seasonal Factors, Sentimental Outlook, Intermarket Analysis, Future trend targets.. go ahead to check 👉👉👉🔗 ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
BLACKBULL:WTILong
by Thief_Trader
USOIL: Next Week's Blueprint for Profit Amid VolatilityDuring the US trading session on Friday, March 28th, international oil prices fluctuated slightly and declined. However, both Brent crude oil and WTI crude oil remained firmly near their one - month highs and were projected to register "three consecutive weekly gains" on the weekly chart. The ongoing tug - of - war between the supply tightness instigated by geopolitical unrest and the latent concerns regarding an economic downturn has placed oil prices in a volatile state of being "caught between a rock and a hard place". From the perspective of the USOIL daily chart, following the medium - term trend's breach of the lower edge of the range, it has predominantly fluctuated around lower levels. The oil price has experienced consecutive short - term increases, breaking through the suppression of the moving average system, and the medium - term objective trend has entered a transition phase. Nevertheless, in terms of kinetic energy, neither the bulls nor the bears have demonstrated a clear - cut inclination to overpower the other. It is anticipated that the medium - term trend will persist in its volatile rhythm for a while, awaiting the establishment of a distinct trend direction. The short - term (1H) trend of USOIL has not continuously set new highs and has exhibited a pattern of high - level consolidation. The short - term objective trend remains upward. In the early trading session, the oil price underwent a narrow adjustment at a high level, presenting an overall secondary rhythm with a sound internal rhythm. The fundamental objective trend during the week has been upward in sync, and it is highly likely that the short - term trend of USOIL will continue its upward trajectory next week. USOIL buy@68-68.5 tp:69.5-70 I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.
TVC:USOILLong
by JohnGonzalez7
USOIL: GO short positions during the oscillation at a high levelThe short-term trend of crude oil has been oscillating and declining at a high level. The oil price has broken below the moving average system, and the objective short-term trend has entered a transition period. The bearish momentum is gradually intensifying, and the oil price dropped below 70 in the early trading session. In the 4-hour chart, the objective short-term trend direction within this week still remains upward. The trading strategy for crude oil still mainly focuses on the oscillation and decline at a high level. Trading Strategy: Sell@69.8-70 TP:69-68.5 Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!
TVC:USOILShort
by LeoBlackwood
USOILstrategiesThe fluctuation of crude oil prices is not large, and the range of mild fluctuations is 68.7-70.3. The subsequent market will make adjustments after breaking through. Today is the last trading day of March, and the monthly high of 70.5 has not been broken. It is necessary to pay attention to the profit-taking of crude oil prices. From a technical point of view, the 1-hour and 4-hour Bollinger bands are basically maintained in the range of 68.7-70 at the same time, and 7 points of deviation can be reserved above and below. Overall, the trend of crude oil will first fluctuate in a small range, and major changes should wait until the K-line appears on Tuesday in April before choosing a direction. Crude oil strategy:. 1. Go long in the 68.7-68.5 area when retreating, stop loss 68, target 69.5-70.5, 2. Go short when the rebound first touches the 70-70.3 area, stop loss 70.8, target 69.3-68.7,
TVC:USOIL
by ChristopherBlume
XAUUSD - Daily, Gold’s Next Big Move: Be Ready!XAUUSD - Daily Update 📈 With most analysts focusing on Gold’s bullish momentum, let’s step back and analyze where we are in the bigger picture and where we should secure profits before a potential correction. Gold has been in a strong uptrend since the $2,000 zone, forming three major bullish legs as highlighted in the chart: 🔹 First leg correction: ~$150 drop 🔹 Second leg correction: ~$250 drop 🔹 Third correction may be deeper, so caution is needed in the target zone. Key Levels to Watch: 📌 Potential Target Zone: $3,050 - $3,150 ✔️ Measured Move: Previous legs suggest an extension into this zone. ✔️ Liquidity Grab: Gold tends to hunt liquidity over round numbers—just as it did at $2,000 → $2,060, it may break $3,050 before reversing. ✔️ Ascending Channel: The price is approaching the top of the channel, where market makers may trigger a fake breakout before a significant pullback. 🚨 Trading Strategy: Swing traders: Secure profits near $3,050 - $3,150. Daily traders: Use pullbacks as short-term profit opportunities. 💸 If you missed this rally, stay ahead for reversal signs & upcoming moves! Follow for more insights! 🚀
FX:XAUUSD
by Sober_Trading
Gold (XAU/USD) Bullish Bias with Key Support at 3085Trend Overview: Gold maintains a strong bullish trend, with recent price action confirming a breakout above a previous consolidation zone, now acting as key support at 3085. Key Levels: Support: 3085 (key level), 3070, 3057 Resistance: 3143, 3160, 3200 Bullish Scenario: A pullback to 3085, followed by a bullish rebound, would confirm the support level and signal further upside potential. A breakout above 3143 may extend gains towards 3160 and 3200 in the longer term. Bearish Scenario: A daily close below 3085 would invalidate the bullish outlook, increasing the likelihood of a retracement toward 3070, with 3057 as the next downside target. Conclusion: Gold remains bullish above 3085, with potential upside targets at 3143, 3160, and 3200. However, a break below 3085 could shift momentum to the downside, targeting 3070 and 3057. Traders should watch price action around 3085 for confirmation of the next move. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:XAUUSD
by TradeNation
HelenP. I Gold is still rising and can reach 3115 pointsHi folks today I'm prepared for you Gold analytics. Some time ago, the price tested Support 2 at the 2985 level, which coincided with the support zone between 2985 and 2976 points. This area provided strong support, resulting in a bullish reaction that pushed Gold significantly higher. After bouncing from this key support zone, the price began a steady upward movement, eventually breaking above Support 1 at the 3055 level. This breakout was an important signal, as buyers continued to dominate, driving Gold further up. Following this breakout, the price continued its bullish momentum, clearly holding above the trend line, which has repeatedly acted as reliable support during this rise. Recently, Gold reached the support zone at 3055-3065 points again, retested it, and confirmed the strength of the buyers with a quick upward reaction. Currently, the price is trading comfortably above this support zone and remains firmly bullish in structure. Given the recent bullish impulse, the successful retest of the support zone, and the continuing hold above the trend line, I expect the price to move upward toward my current goal at 3115 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDLong
by FirstNameHelen
10
GOLD Will Go Down From Resistance! Short! Here is our detailed technical review for GOLD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 3,118.23. The above observations make me that the market will inevitably achieve 3,093.41 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
TRADENATION:XAUUSDShort
by SignalProvider
1
Gold rose more than 1% in a single dayGold technical analysis The resistance level of the daily chart is 3150, and the support level below is 3060 The resistance level of the four-hour chart is 3150, and the support level below is 3078 The resistance level of the one-hour chart is 3130, and the support level below is 3098 Risk aversion and policy expectations jointly push up the price of gold. After stabilizing at $3100, the next target is $3130-3170; if the NY market data is negative or a technical correction occurs, it is necessary to pay attention to the effectiveness of the support near 3100. Comprehensive consideration is mainly to buy at low levels, focusing on the breakthrough signal of $3130, the 4-hour rising channel is intact, and the rising channel that breaks through 3130 will move towards the 3150-3170 range
TVC:GOLDLong
by ActuaryJ
SPY/QQQ Plan Your Trade For 3-31 : Carryover PatternToday's pattern suggests the SPY/QQQ will attempt to carryover Friday's selling trend. I do believe the SPY/QQQ will attempt to find some support as we move into a Temp Bottom pattern tomorrow. So be aware that the SPY/QQQ may attempt to find support near 535-540/450-455 over the next few days. I would also urge traders to not get very aggressive in terms of trying to pick a bottom in this downtrend. In my opinion, I don't see any reason why anyone should be buying into this breakdown unless you are prepared to take a few big lumps. Just wait it out - wait for a base/bottom to setup. Gold and Silver are moving higher and I believe this trend will continue for many weeks/months. BTCUSD should continue to move downward - trying to establish the Consolidation Phase range. As we move into trading this week. Be aware that Tuesday/Wednesday of this week are more ROTATION type days. They may be wide-range days - but they are still going to be ROTATIONAL. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
AMEX:SPYShort
by BradMatheny
6
Gold/Silver Ratio AnalysisGold (XAU/USD) currently trading at $3,118 has significantly outpaced Silver ( SILVER) at $34.07 since mid-March. This divergence has pushed the Gold/Silver ratio to elevated levels, creating a potential mean-reversion opportunity. Looking at the chart, both metals maintained strong correlation through January-February 2025 before Gold began its dramatic acceleration in March-April. While both assets remain in strong uptrends, Gold's nearly vertical move in April suggests potential overextension relative to its historical relationship with Silver. Trading Strategy Consider a pairs trade setup: SHORT Gold / LONG Silver at current ratio Target: Reversion to 50-day moving average of Gold/Silver ratio Stop: 2% additional expansion of current ratio Risk Management Key to this trade is position sizing that equalizes dollar exposure between the two positions. Use reduced leverage as precious metals volatility remains elevated across the complex. TVC:XAU NASDAQ:XAG #PairsTrading
TVC:GOLD
by ProTradeSignals
GOLD SHORT SETUP: TARGETING $3,100 FROM OVERBOUGHT CONDITIONSGOLD SHORT SETUP: TARGETING $3,100 FROM OVERBOUGHT CONDITIONS Looking at the current Gold chart, we're seeing potential exhaustion signs near all-time highs. While the trend remains strongly bullish (all moving averages pointing up), several indicators suggest we may be due for a pullback to the $3,100 level. Key Observations Overbought RSI (77.09): The RSI is showing overbought conditions without divergence yet, but at levels where previous corrections have occurred. Extreme Stochastic (97.99): Nearly maxed out at 98, suggesting limited upside momentum remains. Williams %R near zero (-2.44): Showing extreme buying pressure that historically doesn't sustain. CCI above 140: At 146.61, well into overbought territory. Moving Average Spacing: While all MAs signal "Buy," the distance between recent EMAs (10, 20) and price indicates stretched conditions. Risk Management This is a counter-trend trade against strong bullish momentum, so position sizing should be conservative. The R2 pivot at $3,045 and the 10-day SMA at $3,046 should act as initial support levels and could provide clues about whether the pullback thesis is playing out.
TVC:GOLDShort
by ProTradeSignals
Today analysis for Nasdaq, Oil, and GoldNasdaq The Nasdaq closed sharply lower, forming a long bearish candlestick, as recession fears intensified. The index fell toward the lower Bollinger Band on the daily chart, while the MACD moved closer to the signal line, indicating a correction. On the weekly chart, the Nasdaq faced resistance slightly above the 5-week MA, forming an upper wick and closing lower. The MACD is falling steeply, and the signal line is also in a downtrend, suggesting the potential for an overshooting move downward before forming a bottom. From a daily perspective, key support zones to watch are around 19,000 (first level) and 18,500 (second level). The MACD has not yet crossed below the signal line, but if a bearish crossover (death cross) occurs, a strong third wave of selling pressure could emerge. Therefore, caution is advised for long positions. However, since the MACD has not yet confirmed a bearish crossover, there is also the possibility of a rebound off the signal line. It is crucial to wait for a confirmed trend reversal before taking long positions. On the 240-minute chart, strong sell signals have emerged, leading to a steep decline. The current price action resembles the movement seen on February 21, but since the bottom is not yet clear, it is best to adopt a conservative approach. For short positions, the 3-day moving average can be used as a reference level. For long positions, the lower Bollinger Band may provide a short-term buying opportunity. As today marks the last trading day of the month, watch closely to see if the Nasdaq reaches the 20-month MA or ends the month with a lower wick. Crude Oil Oil closed lower, facing resistance at $70. It has fallen back below the 5-day MA, trapping the price within a range-bound structure. On the weekly chart, oil was rejected at the 10-week MA, and since the MACD has not yet formed a bullish crossover, there is a chance that oil could retest its previous double-bottom level. A consolidation phase between the 5-week and 10-week MAs appears likely. On the daily chart, as the price corrected, the MACD began converging with the signal line. If oil retraces to around $68, a short-term buying opportunity may arise. For oil to resume its uptrend, it needs to pull back toward $68, rebound, and break above $70 with strong momentum. However, this move would likely require a global catalyst. On the 240-minute chart, both the MACD and signal line remain above the zero line, suggesting a higher probability of a rebound and a golden cross formation. Overall, the best approach is to focus on dip-buying opportunities during this phase. Gold Gold closed higher, breaking to a new all-time high on the daily chart. Last week, there was a possibility of a pullback toward the 5-week MA, but the MACD has turned upward, surpassing its previous high, reducing the likelihood of a bearish divergence and increasing the probability of further upside. However, since gold has not yet tested the 5-week MA, a short-term correction remains a possibility. On the daily chart, buying opportunities were available at the 3-day MA following a strong bullish candle. A pullback to the 5-day MA within the next few days remains possible, and if this happens, it could present another dip-buying opportunity. Based on wave analysis, gold could target around 3,216. To confirm this upside scenario, the daily chart must show stronger bullish momentum, eliminating the risk of MACD divergence. On the 240-minute chart, gold has been experiencing strong upward momentum, making it a buy-on-dips market. However, for a more comfortable long position, the MACD needs to exceed its previous peak. Overall, a long-only strategy remains preferable. For short positions, it is difficult to pinpoint the exact peak, so strict stop-loss management is essential. This week, key economic events include the ISM Manufacturing & Services PMIs and Friday's U.S. jobs report, which could increase gold's volatility. Stay cautious. Today marks the final trading session of March. Tariff-related news and gold’s record highs indicate rising market volatility. Stay adaptive to the market’s movements and trade safely as we close the monthly candle. Wishing you a successful trading day! If you like my analysis, please follow me and give it a boost! For additional strategies for today, check out my profile. Thank you!
CME_MINI:NQ1!Short
by Futureguard
10
The more you rise, the harder you fall, or what?The month of March has been a strong month for the TVC:GOLD bugs. The commodity has been hitting new highs every week. Let's see where the next target could be. MARKETSCOM:GOLD Let us know what you think in the comments below. Thank you. 74.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
MARKETSCOM:GOLD
by Marketscom
1
XAUUSD Time to start selling?Gold (XAUUSD) finally hit our 3 month $3000 target that we've been pursuing since the very first week of this year (January 06, see chart below) and in later stages upgraded to $3100: Now the price has reached the top of the 1.5-year Channel Up, forming a similar 1D MACD peak formation while completing the +22.50% rise that the previous two major Bullish Legs had. As you can see, the pattern makes its Higher High on the 2nd MACD Bearish Cross and in 2 out of 3 Bearish Legs it retraced all the way to the 0.5 Fibonacci level, while on the remaining it the correction was contained to just above the 0.382 Fib. On all cases the price came close to the 1D MA100 (green trend-line) before bottoming. As a result, even though some more Trump announcements may cause a momentary push upwards, we technically think that it is a solid level to turn bearish now with a fair 2900 Target on the 0.382 Fibonacci where by the end of April it should come close to the 1D MA100. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TRADENATION:XAUUSDShort
by TradingShot