KevinSterling

XAUUSD completed a correction phase, breaking through the resistance channel and consolidating above the downward trend line. Traders are awaiting economic data and developments in the trade war tariffs.Trump has confirmed plans to implement tariffs on April 2nd, limiting exemptions. Additionally, precious metals are benefiting from a steady stream of safe-haven demand amid ongoing market instability primarily driven by US policies. Markets are also monitoring negotiations between the United States, Ukraine and Russia. The focus is also on US personal consumption expenditure data to be released on Friday, which will provide more clarity on the Federal Reserve's interest rate cut trajectory. At last week's meeting, the Fed maintained benchmark rates and left open the possibility of rate cuts later this year, providing support for gold.Gold may test support levels before further gains. The focus is on current consolidation between 3033 - 3013. An important resistance threshold is forming ahead, with a breakthrough of this zone potentially stimulating continued growth toward 3045 - 3056.

XAUUSD forming a correction after exiting the descending channel. The technical situation is confusing and complex. The focus is on the important support level at 3004. The price movement depends on the fundamental data...The main concern revolves around uncertainty regarding President Trump's tax plan announcement scheduled for next week.Markets are closely monitoring US personal consumption expenditure data, set for release on Friday, to gain insights into the Fed's next policy moves. Theoretically, the likelihood of interest rate cuts appears to be diminishing slightly, and this remains genuinely bullish for inflation hedge assets like gold.In other developments, the US has agreed to a partial maritime ceasefire between Russia and Ukraine.Technically speaking, the situation is straightforward in that everything depends on the current channel's resistance. A breakout and consolidation above 3025 will trigger growth. A consolidation from the channel resistance level will cause continued decline to both 3004 and 2980.Based on the current environment, I can conclude that gold will attempt to strengthen once again, as we have technical support: strong bullish trend, strong 3004 level, and a series of rising local lows.A failed breakout attempt would be misleading, and in this case, price consolidation below 3017 will trigger a decline to 3004.Latest idea about gold today:

XAUUSD following a strong wave of liquidation on Friday, gold is now retesting a key support area around 3004.9 – where price action briefly created a “false break” before staging a modest rebound. The broader bullish momentum remains intact, fueled by ongoing geopolitical tensions and heightened demand for safe-haven assets.Last week, price action mainly fluctuated within the 3024–3045 consolidation zone. The Friday sell-off occurred against the backdrop of expectations that the White House will revise tariff policies, signaling a potential easing stance toward major trade partners. Additionally, positive sentiment stemming from ongoing negotiations in Eastern Europe – where the U.S. plays a pivotal role – continues to provide a supportive environment for gold.This week, market focus shifts to U.S.–Russia talks and preliminary PMI data, both of which could inject significant volatility if outcomes deviate from expectations.From a technical perspective, the 3024 level is the key pivot point. As long as buyers defend this zone, the bullish trend is likely to extend toward the 3045–3056 resistance range. A breakout above this resistance could open the door for a retest of the all-time high. However, price action near that zone could trigger profit-taking and lead to a temporary pullback.

XAUUSD Entering the consolidation phase 3038 - 3024 ahead of the news - Fed interest rate meeting. The overall situation is predictable, but gold is reacting to increased geopolitical risks.Gold remains stable ahead of the Fed's decision as markets await data. The regulator is expected to keep rates unchanged, but Powell's forecast will determine the next momentum. Fed's "hawkish" tone could lead to a stronger dollar and gold correction. "Dovish" signals about economic risks will support metal price growth. Geopolitical tensions and Trump's tariffs continue to have an impact. Markets are preparing for high volatility amid Fed decisions and global events.Resistance levels: 2038, 2045Support levels: 3024, 3015, 3004.9Several trading scenarios can be considered:Breaking through resistance levels 3038 - 3045, price consolidates above with next growth target at 3050 - 3060.Or wait for news reaction and potential support level breakouts to find strong levels for false breakout trading, such as 3024, 3015, 3005.Regards KevinSterling!

XAUUSD enters a consolidation phase after strong growth, supported by the dollar's correction. The metal may test deeper support levels before attempting new highs.Gold is currently undergoing a correction but remains in an overall uptrend. The recent decline in prices may be seen as a buying opportunity, given economic uncertainty stemming from Trump's tariffs and expectations of a Fed rate cut.The Fed has reiterated its forecast for two rate cuts in 2025, despite Powell’s cautious comments. Additionally, gold remains supported by rising inflation risks and ongoing geopolitical tensions in the Middle East.Resistance levels: 3045, 3057Support levels: 3024 (trendline), 3004The response to support is weakening, even within the broader uptrend. Gold may continue consolidating until mid-next week or attempt to break out, potentially testing deeper support zones such as the uptrend line or the 3004 imbalance area—both of which could serve as a foundation for further growth.

Overall, OM is demonstrating relative strength compared to the broader market. After a strong rally, the price underwent a corrective phase, forming a falling wedge pattern. However, it has since broken through a key resistance level and is now attempting to consolidate above a major support zone.Despite overall market weakness, OM continues to show positive potential. From a technical perspective, this asset has garnered significant interest, reflected in its stronger performance relative to most of the market. Currently, a breakout from the falling wedge pattern—a consolidation structure within a correction—is unfolding. If buyers can sustain the price above the previously broken resistance level and maintain support above 6.752—an important base for a reversal pattern—further growth could continue in the short to mid-term.Key resistance levels: 7.39 – 7.98Key support levels: 6.752 – 6.51Notably, OM is one of the few assets maintaining an uptrend even as Bitcoin declines. Investors should focus on the critical support levels mentioned above, as well as the local resistance level at 7.05. A breakout above this level could further extend the ongoing uptrend.

Gold prices are currently consolidating within the $2,981 - $2,993 range. Despite recent strong gains, there are no clear reversal signals, and the ongoing consolidation near the upper boundary of the channel suggests a high probability of continued bullish momentum.Although gold remains below its all-time high of $3,005, it is well-supported by several macroeconomic and geopolitical factors. Trade war concerns, escalating geopolitical tensions, and expectations of further Federal Reserve policy easing are all contributing to sustained demand for safe-haven assets. In particular, the escalating conflict between the U.S. and Yemen, rising tensions in Gaza, and potential negotiations between Trump and Putin are adding further bullish catalysts. Additionally, China’s stimulus measures continue to provide support to commodity markets, including gold.Looking ahead, the upcoming U.S. retail sales data could influence the dollar’s trajectory and introduce further volatility in gold prices. However, investors are likely to remain cautious ahead of the Federal Reserve’s upcoming policy meeting, which could set the tone for the next major move.Key Technical LevelsResistance: $2,993, $3,008Support: $2,891, $2,956Given the ongoing consolidation in a broader uptrend, traders may consider two potential scenarios:1)Breakout Confirmation: A break above $2,993, followed by consolidation, could signal further upside continuation toward new highs.2)Liquidity Grab & Rebound: A potential false breakdown below $2,981, followed by renewed bullish momentum, could offer a buying opportunity for further upside.Best regards, KevinSterling.

XAUUSD continuing the upward price trend, but locally, the movement is within a very narrow channel (wedge pattern). To build potential for the next move, prices may form a prolonged consolidation before or at the time of news releases...Fundamentally, gold remains an appreciating asset due to Fed rate cut forecasts and economic risks related to Trump's tariff policies. Gold reached new highs on Wednesday after the Fed reiterated plans for two rate cuts this year, raised inflation forecasts and worsened growth and employment estimates. Prices received additional support from escalating geopolitical tensions in the Middle East, with Israel announcing the resumption of ground operations in Gaza. Gold is forming a bullish market. Before further growth (ahead of news), prices may enter the liquidity zone (fvg, 3028, 3024), followed by continued increases. The dollar is in a local correction ahead of news, putting pressure on gold.Resistance levels: 3046, 3051, 3056Support levels: 3038, 3030, 3024Price is forming a retest of the wedge support level, increasing the likelihood of a breakout. If support doesn't hold, price could decline to the above support levels before rising further. However! If gold bounces from 3038 and consolidates above 3044, the upward momentum will continue without a deep retreat.

XAUUSD The price has broken upward and reached the intermediate target. After a strong rally, there are no signs of a pullback, indicating that the market remains robust. Currently, a consolidation phase is forming, reflecting stability at higher price levels.Gold continues to break new all-time highs, reaching $2,990 and heading toward the crucial $3,000 milestone. Despite the strong rally, there is no sign of a retracement, as the market consolidates, suggesting that buyers still hold control. The upward momentum is driven by the trade war initiated by Trump and expectations of a Fed rate cut. Investors remain cautious ahead of the Fed meeting, while a stronger U.S. dollar and a potential ceasefire agreement between the U.S. and Canada could trigger a short-term correction. However, recession risks and escalating geopolitical tensions continue to fuel demand for safe-haven assets, supporting gold’s price growth.From a technical perspective, the price is in a consolidation phase, which could lead to a breakout above resistance, continuing the bullish trend, or a false breakout followed by a correction toward the support zone at $2,980 – $2,977 before resuming the uptrend.Key resistance levels: $2,993 – $3,000 – $3,008Key support levels: $2,981 – $2,956If buyers manage to hold above $2,993, gold is likely to extend its strong upward momentum. However, a potential correction toward the liquidity zone at $2,981 – $2,977 should be considered before gold continues its journey toward the $3,000 milestone.

DEGOUSDT.P The market attempted to break the trend, but pressure from strong resistance zones, combined with the overall weakness in the cryptocurrency market, prevented further upside momentum.After breaking out of the descending channel, a 45% upward movement emerged. However, upon reaching the key resistance zone of 2.11 - 2.18, the price started to stall, forming a clear trading range. Short sellers remained in control, unwilling to surrender this area to buyers, leading to intense market struggle. After a prolonged battle, a false breakout of resistance occurred, triggering liquidations as the price dropped below 2.0, pushing buyers into a state of panic. If the price remains below 2.11 - 2.18, the downtrend could continue in the short or medium term, paving the way for a deeper correction.Resistance zones: 2.00, 2.18, and 2.274Support levels: 1.75, 1.584, and 1.359The overall market remains weak, with altcoins reacting strongly to Bitcoin’s local fluctuations—a clear indication of liquidity collection before a further decline. BTC has yet to reach its primary target, and the lack of bullish momentum across the broader market continues to put selling pressure on altcoins.