$ 3500 starts a big return, $ 3200 next?

When Donald Trump was trying to mediate between Russia and Ukraine, and announced a break about tariffs, the traditional market has shown that a little turnaround and naturally gold began to fall.

With the fall, it already reaches 2000 points, will they still fall 1000 points and reach $ 3200 this week?

In this article, we will discuss the prices of Xauud gold from 28. April to 2. Maja and present you the key purchase and sales zone.

The key economic events this week

Some significant American economic reports for release this week have been shown, and everything could significantly affect that Ksauusd.

Tuesday:

The increase in the opening indicates a strong labor market, which could push gold lower and strengthen USD. The disputed economy would be indicated with less openings, which would be good for gold.

Wednesday:

• Pre-GDP K / K & BDP M / M: These are important growth markers. The Fed may be more inclined to hold or increase rates if a robust report on GDP shows economic resistance, which would be negative for gold.

• Employment cost index (ECI): If investors are concerned about sticky inflation, employment cost growth can encourage gold purchases with a safe haven.

Thursday:

• ISM production. The negative result could reduce the lead prospects at the rate, which could be good for gold.
• Unemployment requirements: A large number indicates slow work, which could lead to fed breaks and wasteful costs of gold.

Friday:

Xauud will generally lead these news. Powerful employment data can put more pressure on gold, while any indication of bad labor markets or slowed wage growth can cause gold.

The war in the east

Although the current Russian and Ukrainian war continues to go through, although some discussion talks there, there is another major war in the east. Pakistan and India are seen marching their artillery on a common border, thanks to incident It happened in Indian-occupied Kashmir, where 26 unarmed people were killed.

This war can further increase the price of gold because Indian households are collectively power 25,000 tons of goldThe more than the best 10 central bank banks.

All this can effectively mean that violently violently in gold can continue.

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Gold HTF Review

While basically gold remains Bullosh, technical indicators suggest a deeper spoking before gold moves its rise once again.

The weekly weather frame of gold ended in the bear patterns of candlesticks, while this candle did not affect its previous weekly candle, someone can be expected and based on this bear.

In addition, if we draw Fibonnaca from the beginning of this Bullish to $ 3,500, we can see that the price tested 0.236 FIB last week and has already given the next week level 0.382.

Gold forecast for 28. April to 2. May

Now that gold finally gave good foundation, we can expect gold to start hitting good levels of purchases in which liquidity is present with purchases. For this purpose, a good parameter is 4H time frame.

The first level 4h is the immediate support of 3247-3193 dollars. Also the POC level is true at $ 3226, which can be a deciding factor on stopping the bear’s actions on gold. The price is expected to touch this level this week and give a nice bounce of 200-500 points.

If gold decides to further dive and offer deeper correction, we have a level $ 3165-3124 where the switch and FVG switch are present. Also at 3124 USD is the area of ​​the value of the high of this swing. The loss of $ 3124 will cause gold moving towards $ 3009, which shows the importance of this bull zone.

Let’s talk about sales levels in gold. The first sales zone in gold starts from 3342-3353 dollars. This selling zone will become stronger if $ 3260 is broken in 1 hour and the price closes below it. This is because a 3342-3353 dollar order block will become a high zone of probability to enter a short position in gold.

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Investment trading and recommendations strategies

Conclusion, safe strategy in gold is to search for purchases at higher time levels and seek sales in lower time frame levels. Mark these levels on your chart for easier trading guidelines when trading.

Support levels

• $ 3245 – block of 4H switches
• $ 3165 – 4H FVG and switch block

Resistance levels

• $ 3342-3353 – 1 hour ob and fvg

In short, gold remains basically bils despite short-term bear pressure. Key support levels of $ 3245 and $ 3165 are strong purchase opportunities, while resistance about 3342- $ 3353 offers short-term sales settings. Merchants should remain flexible and monitor key economic events this week to match the golden next larger move.