New all-time record for the GOLD Gold has broken through $3300 per ounce, with a market capitalization now of $22,000 billion, i.e. above China's GDP ($18,000 billion) and close to that of the USA ($27,700 billion). It is now the best-performing major asset since the start of the year among all asset classes, with an increase of over 20%. This massive uptrend was triggered by a technical signal given in February 2024, when the former all-time high of $2075 was surpassed. But today, a real question needs to be asked: should we take profits? The most ambitious technical targets have almost all been reached, and gold has not paused on the stock market since autumn 2024. https://www.tradingview.com/x/8mpwVNyH/ Gold has been supported since 2022 by a combination of fundamental factors - Global geopolitical and macroeconomic uncertainty, which has activated the safe-haven aspect of gold to the detriment of risky stock market assets such as equities - Demand for gold from Central Banks, which has been a constant support in recent years - The fall in the value of the US dollar on the foreign exchange market (see Swissquote's analysis of the US dollar, which is linked to this GOLD update) - Lower interest rates at major central banks - Solid upward momentum in physical gold demand in India and China - Strong financial demand for gold, with substantial inflows into Gold ETFs in the USA, Asia and Europe On the technical front, monthly momentum indicators are showing extreme overbought conditions, which may seem excessive, but no bearish divergence has yet appeared. We must therefore remain attentive, but not yet jump to conclusions about the end of the bullish cycle. At the current price, GOLD is clearly in a phase of high bullish maturity, and closer to the end of the bull cycle than the beginning. An analysis of the history of the gold price on the stock market shows that it alternates between 10-year bullish cycles and pauses lasting several years. There's no point in anticipating the end of the current bullish cycle; we need to wait for a clear technical signal to take profit. In other words: no sell signal yet, but technical vigilance required at these levels. https://www.tradingview.com/x/K3PLQS9D/ There's also the question of Bitcoin, an asset often perceived as "digital gold". Against this backdrop of inflation and monetary uncertainty, arbitrage between BTC and GOLD remains a major factor to consider. Movements in cryptos can reinforce (or weaken) the attractiveness of gold, depending on the positioning of institutional portfolios. It's not a simple opposition, but a balancing act that can influence GOLD's medium-term trend. DISCLAIMER: This content is intended for individuals who are familiar with financial markets and instruments and is for information purposes only. The presented idea (including market commentary, market data and observations) is not a work product of any research department of Swissquote or its affiliates. This material is intended to highlight market action and does not constitute investment, legal or tax advice. If you are a retail investor or lack experience in trading complex financial products, it is advisable to seek professional advice from licensed advisor before making any financial decisions. This content is not intended to manipulate the market or encourage any specific financial behavior. Swissquote makes no representation or warranty as to the quality, completeness, accuracy, comprehensiveness or non-infringement of such content. 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Market news: In the early Asian session on Thursday (April 17), spot gold rose slightly, once hitting a record high of around $3,357 per ounce. As the trade situation became increasingly tense, investors turned to safe-haven assets. The chairman of the Federal Reserve admitted that economic growth was slowing down, and the U.S. stock market, the U.S. dollar and U.S. bond yields fell sharply, which also provided momentum for the rise of gold prices. International gold prices soared dramatically, and the London gold price broke through the $3,300 per ounce mark and set a new high. Gold still has strong support, including a weaker U.S. dollar, uncertainty about tariff news, and concerns about a global recession. The escalating tensions between the world's two largest economies have hit confidence in financial markets, and investors have begun to flock to assets such as gold for risk aversion. At the same time, the U.S. dollar fell against other major currencies and remained at a nearly three-year low hit last week, meaning that gold has become relatively cheap for buyers holding foreign currencies. This trading day will usher in the European Central Bank's interest rate decision, and the market generally expects a 25 basis point drop; in addition, the changes in the number of initial jobless claims in the United States, the initial value of the annualized total number of building permits in the United States in March, and the annualized total number of new housing starts in the United States in March will also be released, and investors need to pay attention to them. Friday is the Good Friday holiday, and investors also need to be wary of brokers' position adjustments before the holiday. Technical Review: Trends are king. Whether you believe it or not, do it or not, gold continues to set new historical highs, soaring, and soaring. The price continues to run in the trend structure, the buying trend structure is intact, and the daily line continues to close strongly! However, it is necessary to pay attention to the daily price reaching the upper track of the Bollinger band, the four-hour chart is 9 consecutive positive, and the RSI indicator is overbought above the 80 value. It is necessary to pay attention to the emergence of a high-rise and fall-back wash trend. Buy at a low price and wait for a callback to the relative low point layout. At present, gold has basically rushed to the sky. In April, you can basically see the fluctuation range of gold within 70-100 points every day. In this market, you say that fixed points are sometimes fleeting, and the optimistic resistance is like paper that can be broken at the touch of a button. So is gold really going to the sky? I can only say that under such favorable conditions, it is really difficult to see gold fall! From a macro level, the daily chart gold price has formed a lasting upward trend since the low of $2536.68. The current price is around $3350, which is significantly higher than all major moving averages, indicating that the long-term bullish momentum is still strong. The golden cross pattern of the MACD indicator on the daily chart continues to develop, indicating that the long-term trend momentum is still upward. This year, the trend cannot be changed. There is a callback squat or sideways consolidation, which are all bullish opportunities; So once the big positive K is closed today, the retracement above the top and bottom support of 3315 will continue to be bullish. As for the height, the third derivative wave of the monthly line is calculated at 3444 by 2 times, which is also the goal of the next stage. Today's analysis: Gold has been crazy recently, and the buying momentum of gold has been galloping all the way. In the past two days, I woke up every day and opened my eyes. Gold has reached a new high again. The buying power of gold is very strong. It was bought at 3342 in the Asian session and harvested at 3355. Although gold is crazy now, we should also pay attention to the purchase of gold at any time. The current trend of gold buying has not changed. Continue to buy when it falls in the Asian session. The 1-hour moving average of gold continues to be a golden cross and the upward buying divergence arrangement. It is difficult for gold to have a big correction if it is strong. After gold began to fall and fluctuate and adjust at the line near 3315 yesterday, gold continued to break upward in the US session. Then the short-term 3315 of gold will form support again. Gold will continue to buy on dips when it falls back to 3315. If gold falls back to around 3320, it can continue to buy. Before there is no particularly obvious sign of a sharp decline, buying has become our only choice, and it is also the best and safest choice! While being bullish, pay attention to the opportunity to fall back. Unless the strength is suddenly strong at that time, don't buy easily. Wait patiently for the opportunity to fall back. How long can gold buying be crazy? No one knows that there is no top when it rises. Since gold is so crazy, what we have to do is follow it. It is difficult for gold to fall sharply before a large-scale sell signal appears! O peration ideas: Short-term gold 3317-3320 buy, stop loss 3308, target 3360-3380; Short-term gold 3387-3390 sell, stop loss 3398, target 3340-3330; Key points: First support level: 3340, second support level: 3332, third support level: 3315 First resistance level: 3363, second resistance level: 3377, third resistance level: 3386
A triangle that extends waayyy back into the 1900s Price should break out of this triangle in a magnificent way Should follow gold in my opinion Monthly chart
Market Analysis – 30-Minute Chart Overview Upon analysing the 15-minute chart, we observe that the price opened with a gap during the Asian session and is currently trading just below a descending trendline. There is a potential for a breakout above this trendline; however, I anticipate a rejection around the 3356 level, as highlighted on the chart. If the price rejects from the 3356 resistance level, our first target would be 3305, followed by a second target at 3268. Alternatively, it’s advisable to wait for the price to approach and react to the 3356 zone. Once rejection is confirmed, consider initiating a short position. Risk Management Reminder: Always prioritise capital protection. Trade with proper risk management in place. Happy trading!
Something to consider A return to previous levels Gap to be filled at $69.965 on MT4 Elliot Wave Projections 64.142 68.302 News ?️ Oil Situation Right Now Oil prices are rising for the week. Main reasons: U.S. added fresh sanctions on Iran → tighter oil supply fears. OPEC members are cutting production → reduces global supply. ⚡ Bottom Line: Less oil available globally → prices up. Sanctions + OPEC cuts = Bullish for oil short-term. Lets See : )
ONG ~ 1D Analysis #ONG Buy after successfully penetrating this resistant line with a short -term target of at least 10%+ from here.
Market news: U.S. import prices fell 0.1% in March from the previous month, the first month-on-month decline since September last year. Technical analysis: Today's buying and selling boundaries: 143.10 Support and resistance levels: 144.08 143.72 143.48 142.72 142.48 142.11 Trading strategy: If the price breaks through 143.10, consider buying, the first target price is 143.48 If the price breaks through 142.72, consider selling, the first target price is 142.48
Market news: U.S. import prices fell 0.1% in March from the previous month, the first month-on-month decline since September last year. Technical analysis: Today's buying and selling boundaries: 1.3923 Support and resistance levels: 1.4050 1.4002 1.3972 1.3875 1.3844 1.3797 Trading strategy: If the price breaks through 1.3972, consider buying, with the first target price at 1.4002 If the price breaks through 1.3923, consider selling, with the first target price at 1.3875
Yesterday, the technical aspect of gold opened in the Asian session and immediately ushered in a strong bullish pull-up. The European session broke through and stood above the 3300 integer mark and entered a strong shock consolidation. The US gold price fluctuated repeatedly and stabilized above the 3300 integer mark and ushered in an accelerated pull-up. Finally, the gold price broke through the 3320 mark in the early morning and continued to rise to around 3350 and closed strongly. The daily K-line closed with a shock break and a long positive, and the daily increase reached 120 US dollars. The overall technical form has completely entered the rhythm of bullish squeeze. At present, all technical aspects are overbought, and short-term technical indicators are distorted. The overall rise logic is greatly affected by the external risk aversion sentiment. The bullish momentum still exists, and the retracement continues to look for opportunities to go long. However, it is worth noting that Friday is Good Friday, and today's weekly close will lead to profit-taking in the market. From the 4-hour analysis, today's lower support focuses on 3310-3305, and focuses on the important support of 3293-90. This position is also the watershed between the strength and weakness of the bulls and bears during the day. Be cautious about chasing more at high levels. I will prompt you with specific operating strategies during the session, so please pay attention in time. Gold operation strategy: 1. Go long when gold falls back to 3310-3305, and add to long position when it falls back to 3288-93. The target is 3345-3350.
EURUSD Market Analysis: Unveiling the Potential Scenarios The EURUSD market has presented an intriguing setup, with an MSS (Market Structure Shift) hinting at a possible trend reversal. Furthermore, our analysis reveals low resistance liquidity resting on the downside, near EQ Lows, indicating a pool of liquidity waiting to be tapped. The Stage is Set for a Big Move Two potential scenarios are unfolding: Scenario 1: The Upside Play If the market surges upwards, we can expect a potential rejection from the Breaker + FVG zone. This zone has been identified as a key area of interest, where sellers might step in, driving prices back down. Scenario 2: The Downside Opportunity Alternatively, if the market continues its downward trajectory, we can anticipate a potential bounce from the BPR (Buyer's Price Range) level. This area has been marked as a crucial support zone, where buyers might emerge, propelling prices upwards. The Market Will Reveal Its Hand We're currently in a wait-and-see mode, allowing the market to dictate its next move. Once the market confirms its direction, we'll be better equipped to make informed trading decisions. Stay Tuned for Further Updates! As the market unfolds, we'll continue to provide timely analysis and insights. Join us for the latest updates and let's navigate the markets together!" This revised analysis aims to: - Provide clear explanations of the market setup and potential scenarios - Use attractive language to engage readers - Emphasize the importance of waiting for market confirmation before making trading decisions - Invite readers to stay tuned for further updates and analysis