Key factors for Gold trades

Gold Fundamental Analysis

Chinese Retail Sales: Chinese Retail Sales for March increased by 10.9% annualized. Economists predicted an increase of 9.7% annualized. Forex traders can compare this to Chinese Retail Sales for February which increased by 10.9% annualized.

Chinese Fixed Assets ex Rural: Chinese Fixed Assets ex Rural for March increased by 9.2% annualized. Economists predicted an increase of 8.8% annualized. Forex traders can compare this to Chinese Fixed Assets ex Rural for February which increased by 8.9% annualized.

Chinese Industrial Production: Chinese Industrial Production for March increased by 7.6% annualized. Economists predicted an increase of 6.3% annualized. Forex traders can compare this to Chinese Industrial Production for February which increased by 6.0% annualized.

Chinese GDP: The Chinese GDP for the first-quarter increased by 1.3% quarterly and by 6.9% annualized. Economists predicted an increase of 1.5% quarterly and of 6.8% annualized. Forex traders can compare this to the Chinese GDP for the fourth-quarter which increased by 1.7% quarterly and by 6.8% annualized.

Japanese Condominium Sales: Japanese Condominium Sales for March increased by 26.6% annualized. Forex traders can compare this to Japanese Condominium Sales for February which increased by 3.3% annualized.

US Empire Manufacturing Index: The US Empire Manufacturing Index for April is predicted at 15.00. Forex traders can compare this to the US Empire Manufacturing Index for March which was reported at 16.40.

US NAHB Housing Market Index: The US NAHB Housing Market Index for April is predicted at 70. Forex traders can compare this to the US NAHB Housing Market Index for March which was reported at 71.

US Net Long-Term TIC Flows: US Net Long-Term TIC Flows for February are predicted at $12.4B. Forex traders can compare this to US Net Long-Term TIC Flows for January which were reported at $6.3B.

Should price action for Gold remain inside the or breakdown below the 1,285.00 to 1,290.00 zone the following trade set-up is recommended:

Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 1,287.50
Take Profit Zone: 1,195.00 – 1,200.00
Stop Loss Level: 1,300.00
Should price action for Gold breakout above 1,290.00 the following trade set-up is recommended:

Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 1,295.00
Take Profit Zone: 1,330.00 – 1,340.00
Stop Loss Level: 1,285.00

The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero line. The oscillator Force Index is below the zero line.

If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1296.00
• Take Profit Level: 1306.00 (1000 pips)

If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1281.00
• Take Profit Level: 1275.00 (600 pips)

Let’s get started...

Broker Rating Markets Available Fees Open an Account
Kawase Logo
1 Star2 Stars3 Stars4 Stars5 Stars
Rating 3.60 /5
(15 votes cast)
Loading...
Shares, Indices, Forex and Oil Spread From 0.1 and 0.2% Commission Visit Website
Plus500 Logo
1 Star2 Stars3 Stars4 Stars5 Stars
Rating 4.48 /5
(452 votes cast)
Loading...
Stocks, Commodities, Indices and Forex. Zero commissions. No monthly fees. $10 USD fee for unused account for a period of three months. Visit Website
MaxFx Logo
1 Star2 Stars3 Stars4 Stars5 Stars
Rating 4.70 /5
(89 votes cast)
Loading...
Indices, Forex, Metals, Shares From 0.1 Raw Interbank Spread Visit Website

Related Articles

29.06.2015.

Greece to Dominate Sentiment


03.08.2012.

FX Trade


Risk warning: Your capital may be at risk. CFD trading is suitable for experienced traders and not beginners.