GOLD weekly special report based on 1.00 Lot Calculation:
GEOPOLITICS: US PRESIDENT DONALD TRUMP WAS INAUGURATED ON JANUARY 20, 2025
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TRADE WAR: US President Trump has implemented 10% tariffs on all goods from China. In return, China has retaliated with tariffs of their own – 10% to 15% on select U.S. products starting February 10th. The tariffs of 25% on Mexico and Canada have been delayed for a month but have not been called off, and the possibility of a world-wide trade war is still on the table. A worldwide trade war always increases geopolitical uncertainty, which in turn always increases the demand for safe haven gold.
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MIDDLE-EAST: PRESIDENT TRUMP SIGNED AN EXECUTIVE ORDER TO PUT “MAXIMUM PRESSURE” ON IRAN. U.S. President Donald Trump restored his "maximum pressure" campaign on Iran in order to stop Tehran from obtaining a nuclear weapon. Trump signed the presidential memorandum reimposing Washington's tough policy on Iran that was practiced throughout his first term. As he signed the memo, Trump described it as very tough and said he was torn on whether to make the move.
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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
EVENTS:
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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 have filed for unemployment insurance for the first time during the past week.
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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 154K. The unemployment rate is expected to be 4.1% and has hovered at this level for the last year.
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WEDNESDAY, FEBRUARY 12, AT 13:30 GMT: U.S. CONSUMER PRICE INDEX (CPI) (YoY): A lower-than-expected number will be supportive for gold because the FED will find it easier to lower interest rates more aggressively. This index measures the change in the price of goods and services from the perspective of the consumer. The inflation rate for December came in at 2.9%.
ANALYSTS’ OPINION:
|
Bank |
Price target |
|
Goldman Sachs |
$3,000 |
|
CITIGROUP |
$3000 |
|
BANK OF AMERICA |
$3000 |
GOLD, February 05, 2025
Current Price: 2858
|
GOLD |
Weekly |
|
Trend direction |
|
|
3100 |
|
|
3000 |
|
|
2920 |
|
|
2800 |
|
|
2775 |
|
|
2750 |
Example of calculation base on weekly trend direction for 1.00 Lot1
|
Pivot Points |
||||||
|
Profit or loss in $ |
24,200 |
14,200 |
6,200 |
-5,800 |
-8,300 |
-10,800 |
|
Profit or loss in €2 |
23,224 |
13,627 |
5,950 |
-5,566 |
-7,965 |
-10,364 |
|
Profit or loss in £2 |
19,323 |
11,338 |
4,950 |
-4,631 |
-6,627 |
-8,623 |
|
Profit or loss in C$2 |
34,557 |
20,278 |
8,854 |
-8,282 |
-11,852 |
-15,422 |
- 1.00 lot is equivalent of 100 units
- Calculations for exchange rate used as of 14:15 (GMT) 05/02/2025
There is a possibility to use Stop-Loss and Take-Profit.
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You may wish to consider closing your position in profit, even if it is lower than suggested one.
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Trailing stop technique could protect the profit.