GOLD weekly special report based on 1.00 Lot Calculation:
GEOPOLITICS: US PRESIDENT DONALD TRUMP WAS INAUGURATED ON JANUARY 20, 2025
- TRADE WAR: President Trump has declared that the USA will impose 25% tariffs on Canada and Mexico. Tariffs on China will also be implemented; however, their numbers are still to be declared. Furthermore, the USA President has not yet decided whether or not to introduce tariffs on oil imports. The final decision will fall on February 1st. A worldwide trade war always increases geopolitical uncertainty which in turn always increases the demand for safe haven gold.
- 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
CHINA:
- CHINESE LUNAR NEW YEAR (JANUARY 29 - FEBRUARY 10): The demand for gold rises dramatically during this cultural time period for the Chinese people, as gold is considered to be an essential gift to friends, family members and loved ones. Hundreds of millions of people will be buying gold to participate in this yearly event.
EVENTS:
- FRIDAY, JANUARY 31, AT 13:30 GMT: U.S. PERSONAL CONSUMPTION EXPENDITURES (PCE) PRICE INDEX: A fall in this index could point to a falling US FED interest rate which is supportive for the prices of Gold. This index measures the average increases in prices for all domestic personal consumption in the US. The forecasted number is 2.6%.
- THURSDAY, FEBRUARY 06, AT 13:30 GMT: U.S. INITIAL JOBLESS CLAIMS: A number higher than expected could point to the FED lowering interest rates which is always supportive for the price of Gold. Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week.
- FRIDAY, FEBRUARY 07, AT 13:30 GMT: U.S. NONFARM PAYROLL (NFP): A number lower than expected could encourage the FED to lower interest rates more aggressively, which is supportive for the price of Gold. Nonfarm payroll measures the change in the number of people employed during the previous month. The forecast stands at 150K.
ANALYSTS’ OPINION:
|
Bank |
Price target |
|
Goldman Sachs |
$3,000 |
|
UBS |
$2,900 |
|
CITIGROUP |
$3000 |
|
BANK OF AMERICA |
$3000 |
GOLD, January 31, 2025
Current Price: 2794
|
GOLD |
Weekly |
|
Trend direction |
|
|
3000 |
|
|
2900 |
|
|
2850 |
|
|
2750 |
|
|
2725 |
|
|
2700 |
Example of calculation base on weekly trend direction for 1.00 Lot1
|
Pivot Points |
||||||
|
Profit or loss in $ |
20,600 |
10,600 |
5,600 |
-4,400 |
-6,900 |
-9,400 |
|
Profit or loss in €2 |
19,844 |
10,211 |
5,394 |
-4,238 |
-6,647 |
-9,055 |
|
Profit or loss in £2 |
16,584 |
8,533 |
4,508 |
-3,542 |
-5,555 |
-7,567 |
|
Profit or loss in C$2 |
29,835 |
15,352 |
8,111 |
-6,373 |
-9,993 |
-13,614 |
1. 1.00 lot is equivalent of 100 units
2. Calculations for exchange rate used as of 11:15 (GMT) 31/01/2025
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.