GOLD weekly special report based on 1.00 Lot Calculation:
GEOPOLITICS: TRADE WAR
- WEDNESDAY, APRIL 2: US PRESIDENT TRUMP REVEALED NEW TARIFF PLAN. This new tariff plan will include a base of 10% on imports to the US, with additional tariff implemented for the “worst offenders”. Previously implemented tariffs of 25% still stand for Canada and Mexico. The tariffs are set to take effect on April 5 AND April 9. The possibility stands that other countries will retaliate with their own tariffs, increasing global insecurity.
- TRADE WARS AND SAFE-HAVEN INSTRUMETNS: Trade wars increase global insecurity, increasing demand for safe-haven instruments such as Gold and Silver.
US PRESIDENT DONALD TRUMP AND GOLD DURING TRUMP’S FIRST PRESIDENCY
- STATISTICS: GOLD ROSE 10.85% DURING TRUMP’S FIRST YEAR OF PRESIDENCY (JANUARY 20, 2017 – JANUARY 20, 2018). In addition, Gold rose 55.38% during the entire first presidential term of Donald Trump (January 20, 2017 – January 20, 2021).
Data Source: MetaTrader 4 Platform
Please note that past performance does not guarantee future results
OTHER EVENTS:
- FRIDAY, APRIL 4, AT 13:30 GMT+1: US NONFARM PAYROLLS AND UNEMPLOYMENT RATE: A lower-than-expected rating should be considered positive for gold, because it will point to future rate cuts by the FED. This data measures the change in the number of people employed during the previous month, excluding the farming industry. The results for last month stood at 151K, which was below expectations of 159K.
- FRIDAY, APRIL 4, AT 16:25 GMT + 1: FED CHAIR POWELL SPEAKS ON ECONOMIC OUTLOOK: Mr. Powell speaks at the Society for Advancing Business Editing and Writing (SABEW) Annual Conference, Arlington, Virginia.
- THURSDAY, APRIL 10, AT 13:30 GMT+1: US CONSUMER PRICE INDEX (CPI) YEAR ON YEAR: A lower-than-expected rating should be supportive for gold, because the FED will find it easier to cut interest rates which is supportive for gold. This index measures the change in the price of goods and services from the perspective of the consumer. This index was 2.8% last month which was lower than the expected 2.9%.
ANALYSTS’ OPINION:
- GOLDMAN SACHS RAISED GOLD PRICE TARGET TO $3,300, WITH A TARGET RANGE OF $3,250 AND $3,520. UNDER EXTREME SCENARIOS, GOLD COULD RISE TO $4,200 BY THE END OF 2025.
- BANK OF AMERICA RAISED ITS PRICE TARGET AT $3,350. IF INVESTMENT DEMAND RISES JUST 10%, GOLD COULD RISE TO $3,500.
- UBS RAISED GOLD PRICE TARGET TO $3,200.
- MORGAN STANLEY SET A BULL-CASE GOLD PRICE TARGET AT $3,400.
Source: Reuters, Bloomberg, CNBC
GOLD, April 3, 2025
Current Price: 3,110
Current Price: |
3,110 |
GOLD |
Weekly |
Trend direction |
|
3,400 |
|
3,300 |
|
3,180 |
|
3,050 |
|
3,025 |
|
3,000 |
Example of calculation base on weekly trend direction for 1.00 Lot1
GOLD |
||||||
Pivot Points |
||||||
Profit or loss in $ |
29,000 |
19,000 |
7,000 |
-6,000 |
-8,500 |
-11,000 |
Profit or loss in €2 |
26,149 |
17,132 |
6,312 |
-5,410 |
-7,664 |
-9,919 |
Profit or loss in £2 |
22,044 |
14,442 |
5,321 |
-4,561 |
-6,461 |
-8,361 |
Profit or loss in C$2 |
40,693 |
26,661 |
9,823 |
-8,419 |
-11,927 |
-15,435 |
1. 1.00 lot is equivalent of 100 units
2. Calculations for exchange rate used as of 14:20 (GMT+1) 03/04/2025
There is a possibility to use Stop-Loss and Take-Profit.
- You may wish to consider closing your position in profit, even if it is lower than suggested one.
- Trailing stop technique could protect the profit.