Lihat juga
02.04.2025 03:15 PM
Early in the American session, gold is trading around 3,122, above the 21 SMA, and within the symmetrical triangle pattern formed from its all-time high at 3,149.
Recent trading suggests that gold is preparing for the most important event of this week: the US nonfarm payrolls, due for release on Friday. We believe this report could favor gold, and the price could reach 3,169 and even +1/8 Murray around 3,203.
Gold is awaiting the official announcement from the US president regarding reciprocal tariffs. This uncertainty is benefiting gold. We believe the instrument could consolidate above the 21 SMA in the coming hours.
The symmetrical triangle pattern observed on the H4 chart shows that gold could experience a strong bullish impulse to reach 3,169, where resistance R_1 is located. Below this area, a technical correction could occur.
Another scenario could be that gold breaks and consolidates below the symmetrical triangle and below the 21SMA around 3,111. Then, the target is seen at the bottom of the uptrend channel around 3,075.
Our trading plan for the coming hours is to sell gold in case of a pullback towards 3,140 or sell if the gold price falls below 3,111, with a target at 3,075.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
