[Dora]

Good evening all 🙂 XAUUSD done by the book ! 1-2-3 , waited for a slight pull back and entered. I should have gone double the size, but still don’t understand fully pips in Gold.

[GVI Forex 2]

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US OPEN

European bourses positive despite lower US futures, DXY veers lower and Crude climbs on Venezuelan tariffs

Good morning USA traders, hope your day is off to a great start!

Here are the top 5 things you need to know for today’s market.

5 Things You Need to Know

US President Trump sanctioned Venezuelan oil. Elsewhere, India has proposed the removal/reduction of tariffs

European bourses defied the lead from futures and opened in the green, US futures in the red but only modestly so and hold onto the bulk of Monday’s gains

DXY steady throughout the morning but most recently at a session low to the benefit of peers across the board, EUR also aided by Ifo

Fixed benchmarks in the red, weighed on by Ifo and supply; USTs await Fed speak

Crude bid in an extension of Monday’s action, TTF softer on Ukraine updates while Gold has inched to fresh highs
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[Topnine]

Here it is 10am in Nigeria and gold (xau/usd) is looking up. it started from the price 3010.13 which was the lowest point as at yesterday and has slowly climbed up since then. Price is currently at 3021.74 and it is looking up for a further buy to the area at price 3025.91

Gold is a buy metal itself and has since being going long since 1996. I don’t think it is ready to stop buying as i see a further buying pressure. Let us use tight TP/SL and exit at the price 3025.91 as predicted. A 1-5% risk/reward ration of 1:2 should be used. A word is enough for the wise.

Thanks,
TOPNINE.

[GVI Forex 2]

XAUUSD 4 HOUR CHART –  In limbo

Chart still showing a downside risk that needs to take out 3038 to break the momentum… but only above 3047 would put the record 3057 high in play again

On the other side, the quick bounce Friday from 3000 suggests consolidation unless this level is taken out.

Range: 2999/3013 – 3038/3047/3057

For those that missed it, the following came out Friday and may have been a trigger for the XAUUSD sell off.

Robert “Bo” Hines, executive director of the President’s Council of Advisers on Digital Assets, said that if the move to sell some of the gold in Fort Knox to buy Bitcoin remained budget-neutral, it could be considered.

 

 

[Topnine]

This is 10am Nigerian time and GOLD (XAU/USD) is at price 3028.97 and from my understanding of Price Action theory this is a set buy bias. Market is goung on a buy to around price range of 3032.69. It is going to be a slow climb up.

Market dropped to a low at price 3020.71 which is the lowest point it got to after market opeend early this morning. This buy (Bullish) movement might not continue for long. Let us take a few pips. A word is enough for the wise. Let’s use tight TP/SL and not risk more than 1-5% of our capital. A word is enough for the wise.

[Belgrade Bobby]

XAUUSD – Gold 4h

Gold fighting to continue Up.

Has to go above 3050.00 to do it.

Support at 3040.00

Resistances : 3050.00 & 3060.00

If manages to surmount first resistance, target for tomorrow is in 3085.00 area

[Belgrade Bobby]

XAUUSD – Gold 4h

Already a new high – 3045

Supports: 3035.00, 3025.00

Resistances: 3040.00 & 3045.00

Pattern wise: I don’t like that it didn’t reach a new high in this bar, and even it does look very Bullish – ALL EYES on those resistances – it can fail.

[Alex Lugano]

U.S. stocks fall as Fed convenes, euro wavers as Germany passes debt reform

·         Israeli strikes on Gaza revives Middle East tensions

·         U.S. housing starts, industrial output surprise to the upside

·         Safe-haven flows keep gold above $3,000

·         Wall Street turned lower and gold surged to record highs on Tuesday as Israeli airstrikes on Gaza revived geopolitical jitters and the U.S. Federal Reserve gathered to discuss monetary policy amid growing economic uncertainty.

·         A vote by Germany’s parliament to overhaul government spending caused the euro to waver, although it also sent European stocks higher and boosted German shares to near-record highs.

·         Even so, all three major U.S. stock indexes were lower in early trading, with weakness in tech-related megacap stocks dragging the tech-laden Nasdaq down the most.

[GVI Forex 2]

See if you can apply the lesson from reading this article to others (hint: EURUSD making a fresh run at its upsaide)

How was GOLD (XAUUSD) a victim of collateral damage?

[GVI Forex 2]

Using my platform as a HEATMAP shows

… the dollar trading weaker except vs. a weaker JPY (USDJPY came within spitting distance but backing off after being unable to test 150).

EURUSD break of 1.0947-50 would need to hold to put 1.10 on the radar.

Middle East heating up, supporting oil and gold but little signs of stress elsewhere.

XAUUSD extends record high above 3005.

US stocks steady and seeing if they can build on a 2- day rally

Looking ahead,

Trump-Putin call today

entral bank meeting deluge starts on Wednesday

[GVI Forex 2]

There is a good lesson in this blog article

How was GOLD (XAUUSD) a victim of collateral damage?

[Rafe]

now where is swiss franc in all of the geo-political happenings. Usually it would fly at the slightest geopolitical tension now everyone is holding franc not dollars, everyone nowadays wants to buy gold.

[Belgrade Bobby]

XAUUSD – Gold Hourly

Supports: 2995.00, 2985.00

Resistances: 3000.00, 3005.00

Moving Up – new high probable today

[David Shepherd]

I sold gold immediately after the ma’s crossover and align with bar formation.

[Rafe]

XAUUSD will touch “81 ten thou” in time. I won’t say when other than hang on to the gold you own. This call of mine sounds preposterous (even to me!) but trust me on this, as my own credibility/personal reputation and my whole career spanning decades depends on it.

[Rafe]

I called $$3000.40 gold from such a long time ago… Market touched it and gave it a heavy push beyond that price which has changed market dynamics for the short term.

An additional support to my recent argument of triple and triple is that it was harshly rejected from a slightly higher level above the one I posted,.. Which confirms my model points of the future. I have posted far off model points which have been hit to the pip each and every time for 2 decades, but this is the first time in 2 decades that I have derived future model points so far away that they are unbelievable even to me,…

I come across a lot of stocks very frequently which soar stratospherically but can’t post em’ because of the laws as don’t wanna cause a game stop like run… But my next call will be like a rugby throw into a basketball hoop at the other side of the city.

[Alex Lugano]

Gold Pushes Above US$3,000 for First Time as Trade Turmoil Spurs Safe-Haven Demand

Gold traded at a record high early on Friday, rising above US$3,000 for the first time, as falling stock markets and global economic turmoil spurred by U.S. President Donald Trump’s trade wars spur safe-haven buying.

Gold for April delivery was last seen up US$16.10 to US$3,007 per ounce, rising off Thursday’s record close of US$2,991.30.

The price of the metal has climbed 13% since the start of the year as investors turn to the metal as a store of value with global stock markets falling as Trump’s tariffs and threats upset international trade flows, while U.S. inflation eases, raising hopes the Federal Reserve will cut interest rates, lowering the carrying cost of owning gold.

“Gold continues to price uncertainty, specifically tariff uncertainty. While economic uncertainty is rising, vibes and sentiment are deteriorating, and recession probabilities have risen well above 30%, we still view gold’s price patterns as tied to tariffs. While inflation data showed prices rose at the slowest pace in four months (leading some to think the Fed can ease sooner), we are reminded that, when tariffs hit, there will likely be inflationary impacts,” Christopher Louney, a commodities strategist at RBC Capital Markets, wrote.

A weakening dollar also offered support to gold. The ICE dollar index was last seen down 0.13 points to 103.7.

Treasury yields were steady, with the yield on the U.S. two-year note last seen up 0.1 basis points to 3.981%, while the 10-year note was paying 4.313%, up 0.4 points.

[Belgrade Bobby]

XAUUSD – Gold Daily

I mentioned this possibility last night:

There is one possibility – for Gold to hold above 2980.00 overnight and continue straight up tomorrow – high risk trade.

It held and Gold hit a new high today.

Support is still at 2980.00 , followed by : 2955.00 & 2940.00

Target is now at 3105.00

[GVI Forex 2]

1. 

 

US OPEN<

Spot Gold makes a fresh record high above USD 3000/oz & sentiment lifts ahead of Trump Executive Orders and UoM

Good morning USA traders, hope your day is off to a great start! Here are the top 4 things you need to know for today’s market.

4 Things You Need to Know

Stocks gain with sentiment lifted after a strong Chinese session overnight and after the recent market turmoil.

USD mixed vs. peers, GBP soft post-GDP, JPY weighed on by Rengo data, which showed average wage hike less than demands.

Gilts gap higher on soft growth data while JGBs lift on Rengo.

Spot gold makes a fresh record high above USD 3,000/oz; crude oil and base metals benefit from the risk tone.

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[GVI Forex 2]

Using my platform as a HEATMAP shows

TGIF after another Trump tariff headline roulette driven week

USDJPY seems to be following firmer stocks while the dollar is mixed elsewhere

Gold continues shine and within spitting distance of 3000

Looking ahead

Another headline news watch

University of Michigan Consumer Sentiment