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.
- COUTRIES HAVE ALREADY STRUCK BACK WITH RETALIATORY MEASURES: China has struck with 34% tariffs on all U.S. imports, Canada has announced new unspecific measures, aside from the earlier 25% tariffs on $42 billion worth of U.S. goods.
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:
- 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. This index measures the change in the price of goods and services from the perspective of the consumer. This index stood at 2.8% last month, which was lower than the expected 2.9%.
- FRIDAY, APRIL 11, AT 13:30 GMT+1: US PRIDUCER PRICE INDEX (PPI) YEAR ON YEAR: A lower-than-expected rating should be supportive for gold, because the FED will find it easier to cut interest rates. This index measures the change in the price of goods sold by manufacturers. Results for the previous month were 3.2%, which was slightly below the anticipated 3.3%.
- WEDNESDAY, APRIL 16 AT 13:30 GMT+1: US RETAIL SALES (MARCH) YEAR ON YEAR: A lower-than-expected rating should be supportive for gold because it will signal more rate cuts by the FED potentially creating positive pressure for gold. This data measures the total value of sales at the retail level. Results for the previous month stand at 3.10% which was lower than for the month before – 4.20%.
CENTRAL BANKS: CHINA PURCHESED GOLD FOR 5 CONSECUTIVE MONTHS
- CHINA GOLD RESERVES UP TO 73.70 MILLION OUNCES IN MARCH: China has managed to increase its gold reserves from 73.61 million ounces in February to new, 73.70 million ounce in March. This is their fifth consecutive increase of gold reserves on monthly basis.
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 7, 2025
Current Price: 3,016
|
GOLD |
Weekly |
|
Trend direction |
|
|
3,400 |
|
|
3,300 |
|
|
3,090 |
|
|
2,950 |
|
|
2,940 |
|
|
2,930 |
Example of calculation base on weekly trend direction for 1.00 Lot1
|
GOLD |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
38,400 |
28,400 |
7,400 |
-6,600 |
-7,600 |
-8,600 |
|
Profit or loss in €2 |
35,017 |
25,898 |
6,748 |
-6,018 |
-6,930 |
-7,842 |
|
Profit or loss in £2 |
29,913 |
22,123 |
5,764 |
-5,141 |
-5,920 |
-6,699 |
|
Profit or loss in C$2 |
54,750 |
40,492 |
10,551 |
-9,410 |
-10,836 |
-12,262 |
1. 1.00 lot is equivalent of 100 units
2. Calculations for exchange rate used as of 10:00 (GMT+1) 07/04/2025
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.