The international gold price XAUUSD has jumped above 3,100 USD for the first time in this trading day, as concerns about US President Donald Trump's tariff policy and its possible economic consequences, along with geopolitical uncertainties, have prompted a new round of safe-haven investing. As of press time, the spot gold price XAUUSD increased by 0.86% to 3,111 USD/oz and had previously hit an all-time high of 3,111.55 USD, surpassing the all-time high set last Friday. Last week, Trump signed a proclamation to impose a 25% tariff on imported cars, and the market is preparing for the so-called "reciprocal tariffs" that the White House is expected to announce on Wednesday. Gold prices have hit a record high and are up more than 18% this year, cementing their status as a hedge against economic and geopolitical uncertainty. Earlier this month, gold prices broke through the psychological $3,000 mark for the first time, a milestone that reflects growing market concerns about economic uncertainty, geopolitical tensions and inflation that will continue to drive gold prices higher. Since taking office, Trump has pushed through a series of new tariffs to protect US industry and reduce the trade deficit, including a 25% tariff on imported cars and parts and an additional 10% tariff on all imports from China. He plans to announce a new round of reciprocal tariffs on April 2. In addition to trade tensions, strong central bank demand for gold and inflows into exchange-traded funds (ETFs) will continue to support gold’s incredible rally this year. In short, until there is a resolution to this back-and-forth tariff war, the tariff issue will continue to push prices (gold) higher in the near term. On the daily chart, gold has achieved a key bullish target at the confluence of the 0.50% Fibonacci extension with the upper edge of the price channel (a). Once gold breaks this level (3,113 USD), it will be eligible for further upside with the next target around 3,139 USD in the short term, which is the price point of the 0.618% Fibonacci extension. In the meantime, the steep RSI remains active in the 80-100 area but shows no signs of weakening or correction, so in terms of momentum, the bullish momentum is still very strong. As long as gold remains within the price channel (a), it still has a medium-term bullish outlook, otherwise the price channel (b) will become a short-term bullish trend channel. During the day, the bullish outlook of gold prices will be noticed again by the following technical levels. Support: 3,086 – 3,057 USD Resistance: 3,113 – 3,139 USD This is the end of the article, wish you a productive and happy working day
I want to at least see a break of this descending trendline before even considering taking Longs.
gold is continuing to make new highs new levels to take profits from i wouldn't short this uptrend is still strong
JOE ~ 5D Analysis #JOE Buy gradually from here with a short -term target of at least 20%+. This is the lowest support for now.
Open = 1.28600 Take Profit = 1.272 StopLoss = 1.297
OANDA:XAUUSD Gold long Now Entry 3120/3135 1st target 3145 2nd target 3155 3rd target 3165 4th target 3185 Invalid level 1hour Candle close below 3105
AMP ~ 1W Analysis #AMP Buy gradually from here if you still have a Conviction on this Coin. This is support that holds prices not to fall even lower.
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 4x new trade setups this morning. As usual, you can read my notes on the charts for my thoughts on these setups. The trades being a CAD/JPY Sell, GBP/CAD Buy, EUR/AUD Buy & a USD/CAD Buy. I also discuss some trade management. Enjoy the day all. Cheers. Jim
Sell after bearish candle stick pattern, buy after bullish candle stick pattern.... Best bullish pattern , engulfing candle or green hammer Best bearish pattern , engulfing candle or red shooting star NOTE: IF YOU CAN'T SEE ANY OF TOP PATTERN IN THE ZONE DO NOT ENTER Stop lost before pattern R/R %1/%3 Trade in 5 Min Timeframe, use signals for scalping
Here's my trade entry for today with GOLD. With the idea of Bullish i entered after the higher TF showed resistance and pushing price higher. So my multi TF strategy is to check the Daily for overall trend then 1H for that signal of alignement then enter in 5m tf https://www.tradingview.com/x/IWRINhHj/ .