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Gold Rollercoaster Day: Powell Speech, Jobs Report, and TariffGold Price Action Analysis: End of First week of April Gold appears to have reached a potential top area (marked by the first red circle on the chart tat we discussed in previous posts). Price then retested the major support zone between 3050-60 (grey rectangle) and following my mapping so far in very precise way. Current Technical Situation The daily close above 3,100 is significant as it suggests bulls haven't completely lost control despite the recent pullback. This level now serves as immediate support, and holding above it keeps the bullish structure intact for now. Potential Scenarios 1. Double Top Formation: The most notable pattern developing is a potential double top structure. If price rallies back up to test recent highs (marked with "Double Top/ Failed New High?" in the second red circle), but fails to break through convincingly, we could see a more significant correction. 2. Consolidation Phase: After the strong rally from March, gold may need time to digest these gains. The price action suggests we might be entering a period of consolidation with range-bound movement between support (3,050-60) and resistance (3,125-50). Volume Analysis The High Vol Area marked on the right side of the chart indicates significant market participation at these levels, which often serves as price magnets (and now going to act as resistance on Daily TF) during consolidation phases. Looking Forward Watch the 3,100 level closely - a break below(Day Close) could accelerate selling.... If price approaches the previous high again, pay attention to momentum and volume to assess if it's a genuine breakout or a double top trap Overall outlook: Correction to consolidation phase likely in the near term.
PEPPERSTONE:XAUUSD
by TheGoldenCircle
TRADE WAR STORM BREWING – IS A GLOBAL BIGSHORT COMING?🚨 TRADE WAR STORM BREWING – IS A GLOBAL BIGSHORT COMING? In the past 24 hours, global financial markets have been rocked by the shock announcement of Trump’s aggressive global tariff policy. This isn’t just a geopolitical maneuver — it’s a potential trigger for massive systemic volatility, affecting everything from U.S. equities to Gold, DXY, crypto, and major global indices in Asia and Europe. 🔍 What Just Happened? We saw Gold crash over 100 points, a move that caught many traders off guard. Under normal circumstances, a weakening USD would be bullish for Gold. But here’s the twist: the Dollar also dropped sharply, yet Gold was still aggressively sold off. Why? 👉 A plausible explanation is that major funds and investors liquidated their Gold positions to cover equity losses or to meet margin calls from collapsing positions across other markets. This is no ordinary move — it may well be the beginning of a “BIGSHORT” phase across global assets. 🧨 This Is Just the Beginning The market reaction suggests that we are not in a routine correction. Instead, we may be witnessing the early stages of a coordinated risk-off movement — one sparked by fears of a new global trade war with far-reaching implications. Tariffs on aluminum, steel, manufacturing goods, and industrial inputs have already disrupted entire supply chains. Industry-specific disruptions (e.g. construction, healthcare, utilities, wholesale) are beginning to show — this is not a drill. 📉 U.S. Macro Data Is Getting Worse The headline inflation data in the U.S. continues to fall, but other economic indicators are flashing red: ISM Services PMI (Mar): 50.8 (vs. 53.0 expected) Employment: 46.2 (prev: 53.9) — a sharp drop New Orders: 50.4 Export Orders & Backlogs: Both declined significantly 👉 The ISM Services sector represents more than 70% of U.S. GDP. A reading this weak suggests that the U.S. economy may be slowing faster than expected. 🧠 Market Sentiment Is Shaky Fear is back. And worse: FOMO and panic are driving decisions, not logic. Retail and institutional traders alike are struggling to digest the overlapping risks: tariffs, inflation uncertainty, interest rates, and recession fears. Tonight brings another major catalyst: 📆 Nonfarm Payrolls (NFP) — a key employment report that could reinforce or break the current narrative. 🏦 Will the Fed Cut Rates Earlier Than Expected? Here’s what markets are now pricing in: Rate cuts may start as early as May or June 2025 Probabilities have risen for 2–4 rate cuts this year, compared to 2 cuts expected previously Odds of a summer pivot are now well above 50% If the Fed sees continued weakness in labor and services, it may have no choice but to cut earlier — regardless of inflation progress. ⚠️ Strategic Takeaway: Watch, Don’t Chase Before looking for entries, take a breath. This is a time when doing nothing might be the smartest trade. “Sometimes, staying on the sidelines is how you survive the storm.” Let the volatility play out — and prepare for high-probability setups, not emotional trades. 📊 TECHNICAL LEVELS TO WATCH 🔺 Resistance Levels: 3110 – 3119 – 3136 – 3148 – 3167 🔻 Support Levels: 3086 – 3075 – 3055 – 3040 – 3024 BUY ZONE: 3056 – 3054 SL: 3050 TP: 3060 – 3064 – 3068 – 3072 – 3076 – 3080 SELL ZONE: 3148 – 3150 SL: 3154 TP: 3144 – 3140 – 3136 – 3132 – 3128 – 3124 – 3120 💬 Final Thoughts The combination of geopolitical tariffs, recession fears, and Fed policy uncertainty has created a perfect storm across global markets. We’re entering a phase where any careless trade can wipe out weeks of progress. Be cautious. Stay informed. Wait for clarity before going big. 📌 As for Gold: Are we seeing just a pullback — or is this the calm before an ATH breakout? Stay sharp. Set clear SL/TP. Follow the macro, respect the chart — and most importantly, don’t trade scared. 🧠 Patience is profit. Let the market come to you.
OANDA:XAUUSDShort
by MMFlowTrading
2
Tariffs are implemented-good news is all out!US President Trump announced a 10% base tariff on all imported goods and higher tariffs on some major trading partners, which caused shocks in global financial markets. Gold prices once rose to a historical high of around 3167, but technical indicators showed that gold was overbought in the short term, and bulls temporarily chose to take profits, resulting in an avalanche of gold bulls. Multiple institutional positions were obviously fleeing, and retail investors' long positions were liquidated, leading to a large correction in gold on Thursday; although gold fell, it was easy to rebound after encountering key split support, so this is an opportunity to participate. Gold closed March with a strong Yang, recovering the retracement in February while further rising, moving away from the trend line resistance after the breakthrough. The trend of this month also maintains the bullish momentum to continue to strengthen, and is expected to stabilize above the trend line resistance after the breakthrough, suggesting that the market will enter a new bull market space in the future, and will hopefully hit the $3,500 mark target; Gold has currently broken through the trend line pressure linked to the rising trend high point in the past 16 months, and the current trend is also moving further away. The main chart trend moving averages maintain a bullish arrangement without signs of weakening, and the attached chart indicators also maintain bullish signal development, suggesting that it is expected to open up further room for growth; However, the bullish momentum is weakening at present, and there is a retracement to collect the inverted top form. Therefore, if it falls below the resistance of the rising trend channel this week or next week, the market is expected to wait for another retracement to the support of the rising trend channel before climbing again. Investment strategy: Buy gold at 3100, target 3130 Sell gold at 3138, target 3100
OANDA:XAUUSD
by HarveyAckerman
Gold MCX Intraday Technical Analysis – 4th Apr., 2025!🚀 Gold MCX Intraday Outlook – 4th Apr., 2025! With 6+ years of expertise in commodities and indices, I bring you precise intraday levels to help you trade smartly and profitably. ✅ Day Range Trigger Point: 90057 | ✅ Expected Move: 2696 Points 📈 Buy Above: 90393 | 🎯 Target1: 91723 | 🎯 Target2: 92753 ✅ Average Buy Position: 90075 | ⛔ Stoploss: 89494 📉 Sell Below: 89757 | 🎯 Target1: 88391 | 🎯 Target2: 87361 ⛔ Stoploss: 90656 📊 Pro Trader’s Insights: Before 10:30 AM or after 6:30 PM? Enter as soon as the level breaks. After 10:30 AM or before 5:00 PM? Try to enter near the stoploss—markets often test these zones. 💡 Precision and patience are key in trading. Stick to the plan, manage risk, and let the market do the rest! 📈 🔥 Boost, Follow, Like, Share this post if you found it helpful! Your engagement keeps me motivated. Drop a comment if you visited—I’d love to hear from you! 😊 #Gold #MCX #CommodityTrading #IntradayTrading #TechnicalAnalysis #NumroTrader 🚀
MCX:GOLD1!
by NumroTrader
1
Natural Gas MCX Intraday Technical Analysis – 4th Apr., 2025!🚀 Natural Gas MCX Intraday Outlook – 4th Apr., 2025! With 6+ years of expertise in trading commodities and indices, I deliver precise intraday levels to help you trade smartly and profitably. ✅ Day Range Trigger Point: 353.80 | ✅ Expected Move: 18.70 Points 📈 Buy Above: 352.06 | 🎯 Target 1: 365.36 | Target 2: 372.50 ✅ Average Buy Position: 349.85 | ⛔ Stoploss: 345.82 📉 Sell Below: 347.64 | 🎯 Target 1: 342.24 | Target 2: 335.10 | ⛔ Stoploss: 353.88 📊 Pro Trader’s Insights: 🔹 Retest for Confirmation: Let price revisit key levels before entering for better accuracy. 🔹 Optimal Entry Timing: Before 10:30 AM or after 6:30 PM? Enter as soon as the level breaks. After 10:30 AM or before 5:00 PM? Try to enter near the stoploss—markets often test these zones. 💡 Success in trading comes from patience, precision, and execution. Stick to the plan, and let the market do the work! 📈 🔥 Like, share, or boost this post if you found it helpful! Your engagement keeps me motivated. Drop a comment if you visited—I’d love to hear from you! 😊 #NaturalGas #MCX #CommodityTrading #IntradayTrading #TechnicalAnalysis #NumroTrader 🚀
MCX:NATURALGAS1!
by NumroTrader
Gold (XAU/USD) Technical Analysis: SMC Trading point update This chart is a technical analysis of Gold (XAU/USD) on a 4-hour timeframe. Here’s a breakdown 1. Ascending Channel: The price is moving within an upward channel, showing a bullish trend. Higher highs and higher lows confirm the uptrend. 2. Support and Resistance Zones: Yellow Boxes: Key support zones where price previously consolidated before moving higher. Red Arrows: Marking resistance zones where the price faced rejection. Green Arrows: Indicating support levels where the price bounced. 3. Current Price Action: Price recently dropped to a key support zone (around $3,050). A bullish reaction is expected from this level. If support holds, the price may continue the uptrend toward the target of $3,186. 4. Projected Move: The black zigzag line suggests a potential bounce from support. If the support level holds, price could move back up within the channel. Mr SMC Trading point Conclusion: If price respects the support zone, there could be a good buying opportunity. A break below the support zone would signal potential bearish movement. Monitoring price action around the yellow zone is crucial for confirming direction. Pales support boost 🚀 analysis follow )
FOREXCOM:XAUUSDLong
by SMC-Trading-Point
XAU/USD: 5th Wave Rally After CorrectionOn the 1-hour timeframe, XAU/USD has formed an Elliott Wave corrective structure. This is an expanded flat correction, typically seen in the 4th wave. The correction seems to have been completed at 3,054, suggesting that the 5th wave may be in progress. For bullish traders, a potential long position can be considered around the 0.236 retracement level as a pullback entry point. The 5th wave has the potential to reach the following upside targets: 3,110, 3,145, 3,165 However, this bullish outlook remains valid only if the low of Wave IV holds. A breakdown below this level would invalidate the bullish scenario.
OANDA:XAUUSD
by Money_Dictators
Copper 24 points profit running sell given at 890 , sell on riseHow to take trades using Harmonic pattern projection Trade setup is explained below :- Entry : 1st SL point : 0% is recent top or bottom. Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range Targets : Target T1 : 35.1% to 38.3% Target T3 : 49.1% to 53.2% T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again Target T4 : 76.4% to 79.7% Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Re- Entry : For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) . Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistance
MCX:COPPER1!Short
by EquityCommodityMarketJaiPrakas
Natural gas buy given at 347 , 364 to 367 upside Target How to take trades using Harmonic pattern projection Trade setup is explained below :- Entry : 1st SL point : 0% is recent top or bottom. Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range Targets : Target T1 : 35.1% to 38.3% Target T3 : 49.1% to 53.2% T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again Target T4 : 76.4% to 79.7% Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Re- Entry : For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) . Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistance
MCX:NATURALGAS1!Long
by EquityCommodityMarketJaiPrakas
2
Crude oil level, recession fear will continue bring crude downHow to take trades using Harmonic pattern projection Trade setup is explained below :- Entry : 1st SL point : 0% is recent top or bottom. Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range Targets : Target T1 : 35.1% to 38.3% Target T3 : 49.1% to 53.2% T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again Target T4 : 76.4% to 79.7% Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Re- Entry : For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) . Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistance
MCX:CRUDEOIL1!Short
by EquityCommodityMarketJaiPrakas
Silver sell given at 100150 , huge profit avoid fresh sell tradeHow to take trades using Harmonic pattern projection Trade setup is explained below :- Entry : 1st SL point : 0% is recent top or bottom. Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range Targets : Target T1 : 35.1% to 38.3% Target T3 : 49.1% to 53.2% T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again Target T4 : 76.4% to 79.7% Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Re- Entry : For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) . Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistance
MCX:SILVER1!Short
by EquityCommodityMarketJaiPrakas
XAGUSD sell given at 33.95 , made low 31.75 enjoy huge profit How to take trades using Harmonic pattern projection Trade setup is explained below :- Entry : 1st SL point : 0% is recent top or bottom. Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range Targets : Target T1 : 35.1% to 38.3% Target T3 : 49.1% to 53.2% T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again Target T4 : 76.4% to 79.7% Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Re- Entry : For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) . Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistance
OANDA:XAGUSDShort
by EquityCommodityMarketJaiPrakas
Gold mcx sell given at 90950 , low 88850 enjoy huge profit How to take trades using Harmonic pattern projection Trade setup is explained below :- Entry : 1st SL point : 0% is recent top or bottom. Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range Targets : Target T1 : 35.1% to 38.3% Target T3 : 49.1% to 53.2% T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again Target T4 : 76.4% to 79.7% Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Re- Entry : For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) . Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistance
MCX:GOLD1!Short
by EquityCommodityMarketJaiPrakas
XAUUSD sell given at 3130 made low 3055 enjoy huge profit How to take trades using Harmonic pattern projection Trade setup is explained below :- Entry : 1st SL point : 0% is recent top or bottom. Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range Targets : Target T1 : 35.1% to 38.3% Target T3 : 49.1% to 53.2% T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again Target T4 : 76.4% to 79.7% Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Re- Entry : For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) . Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistance
OANDA:XAUUSDShort
by EquityCommodityMarketJaiPrakas
Beware of the risk of technical correction after reaching a recoMarket dynamics In the early Asian session on Thursday, spot gold continued its strong rise, hitting a record high of $3,165.35 per ounce. This wave of gains was mainly stimulated by the remarks of US President Trump that he would impose a 10% benchmark tariff on all imported goods, and the market's risk aversion sentiment has risen sharply. However, after setting a new high, the price of gold began to pull back and fell below the 3,100 integer mark, indicating that some bulls began to take profits. Technical analysis From the daily chart, the price of gold closed in a cross star pattern yesterday, suggesting that the upward momentum has weakened. Although it hit a new high in the morning today, the subsequent pullback indicates that the market may have a staged top. The 4-hour chart shows that although the moving average system is still in a bullish arrangement, the MACD indicator shows a top divergence signal, and the indicator failed to break through the previous high when the gold price hit a new high, which indicates that the risk of short-term pullback is increasing. Key price Upper resistance: 3110-3100 area (previous high conversion pressure) Lower support: 3060-3055 (short-term bullish defense line) Operation suggestions Short-term recommendations are mainly rebound short selling: Entry point: around 3110 Stop loss setting: above 3120 Target price: 3080-3070 range Risk warning It is necessary to pay close attention to the support of MA5 and MA10 moving averages If the gold price stands above 3100, it may resume its upward trend The subsequent development of trade policies may continue to affect market sentiment The current gold market is in the adjustment stage after the historical high. Investors should remain cautious, strictly set stop losses, and guard against sudden volatility risks. Before the trend becomes clear, it is recommended to control positions and respond flexibly to market changes.
FOREXCOM:XAUUSD
by Wealth-Helmsman
XAUUSD HUGE 36 POINTS UPSIDE POSSIBLE NEW ALL TIME HIGH 3171++XAUUSD strong again buy mode chance above 3134.60 there is no resistance upto new all time high 3171++++ wait for active zone Buy above 3134.60 Stoploss...............3124.....10 points Target1.........3141.......6 points+++ Target2.........3151.......16 points+++ Target3..........3161.......26 points+++ Target4...........3171+++ new all time high ....upto 3178+++ Disclaimer - This level only for educationa purpose and papertrade . Do ur own analysis. Thank u
FXOPEN:XAUUSDLong
by king4trading
2
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