GOLD weekly special report based on 1.00 Lot Calculation:
GEOPOLITICS: TRADE WAR
- 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 worldwide trade war is still on the table. In the meantime, the U.S. has announced another 25% tariff on all steel and aluminium imports into the country. A worldwide trade war always increases geopolitical uncertainty, which in turn always increases the demand for safe haven gold (Source: Reuters).
GEOPOLITICS: MIDDLE EAST
- 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 (Source: Reuters).
US PRESIDENT DONALD TRUMP AND HIS PRESIDENCY GOLD DURING TRUMP’S FIRST PRESIDENCY
- PRESIDENT TRUMP WAS INAUGURATED AS 47TH PRESIDENT OF THE USA ON JANUARY 20, 2025. As soon as he took office, President Trump signed more than 200 executive orders, in line with his promises. He also signed orders to slap tariffs on products imported into the USA, initiating a new episode of trade war with some countries.
- DONALD TRUMP AND HIS FIRST PRESIDENCY (JANUARY 20, 2017 – JANUARY 20, 2021): Donald Trump used to be as unpredictable as during his current term, initiating trade wars with China, the EU, the UK, Canada, Mexico, etc. Meanwhile, he pulled the USA out of the nuclear deal with Iran as well. All of that raises a lot of worries for many investors, pushing demand for the safe haven Gold higher.
- 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:
- TUESDAY, FEBRUARY 11, AT 15:00 GMT AND WEDNESDAY, FEBRUARY 12, AT 15:00 GMT: FED CHAIR JEROME POWELL TESTIMONY BEFORE US CONGRESS: Fed Chair Powell is expected to deliver his regularly scheduled testimony to Congress on Tuesday and Wednesday. His remarks come after the Fed held interest rates steady in January (4.5%) after cutting rates in the prior three meetings (from 5.5% to 4.5%) as the central bank pointed to a strong job market and concerns over rising inflation (Source: Investopedia).
- 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 is projected at 2.9%.
- THURSDAY, FEBRUARY 13, AT 13:30 GMT: U.S. INITIAL JOBLESS CLAIMS: A number higher-than-expected could point to the FED cutting interest rates more aggressively, which is always supportive for gold. Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. The projected number of newly unemployed stands at 221K.
ANALYSTS’ OPINION:
|
Bank |
Price target |
|
Goldman Sachs |
$3,000 |
|
CITIGROUP |
$3000 |
|
BANK OF AMERICA |
$3000 |
GOLD, February 11, 2025
Current Price: 2902
|
GOLD |
Weekly |
|
Trend direction |
|
|
3100 |
|
|
3050 |
|
|
2975 |
|
|
2860 |
|
|
2830 |
|
|
2800 |
Example of calculation base on weekly trend direction for 1.00 Lot1
GOLD
|
Pivot Points |
||||||
|
Profit or loss in $ |
19,800 |
14,800 |
7,300 |
-4,200 |
-7,200 |
-10,200 |
|
Profit or loss in €2 |
19,181 |
14,337 |
7,072 |
-4,069 |
-6,975 |
-9,881 |
|
Profit or loss in £2 |
16,016 |
11,971 |
5,905 |
-3,397 |
-5,824 |
-8,250 |
|
Profit or loss in C$2 |
28,384 |
21,217 |
10,465 |
-6,021 |
-10,322 |
-14,622 |
1. 1.00 lot is equivalent of 100 units
2. Calculations for exchange rate used as of 10:25 (GMT) 11/02/2025
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.