CFD-të janë instrumente komplekse dhe vijnë me një rrezik të lartë të humbjes së parave për shkak të levave. 77% e llogarive të investitorëve mund të humbasin paratë kur tregtojnë me kontrata CFD. Duhet të merrni në konsideratë nëse mund të përballoni rrezikun e humbjes së parave tuaja.
CFD-të janë instrumente komplekse dhe vijnë me një rrezik të lartë të humbjes së parave për shkak të levave. 76% e llogarive të klientëve me pakicë humbasin para kur bëjnë tregti me CFD. Ju duhet të konsideroni nëse mund t'i bëni ballë rrezikut të lartë të humbjes së parave tuaja.

Gold

Raporte Speciale - 04/03/2024

04 Mars, 2024

Shembulli më poshtë përdor Kontratat për Ndryshim (CFD). Llogaritë janë vetëm për çmimin e instrumenteve specifike për datën e përmendur më poshtë, dhe llogaritë tregojnë rast të mundshëm për fitim apo humbje. Nuk ka garanci për saktësinë apo plotësinë e këtyre informacioneve, dhe çdo person që vepron sipas tyre, e bën këtë tërësisht në rrezik të vet.

Gold Weekly Special Report based on 1.00 Lot Calculation:

GEOPOLITICS:

  • MIDDLE EAST TENSIONS KEEP MARKETS NERVOUS: According to Reuters, Israel will go after the remaining Hamas battalions in Rafah despite strong international criticism and is preparing a plan to get civilians out of harm’s way, Prime Minister Benjamin Netanyahu said. Rafah is a small city on the southern border with Egypt where over half of Gaza's 2.3 million people are now living. Egypt warned of "dire consequences" of a potential Israeli military assault on Rafah, which lies near its border. Additionally, tensions are also escalating between Israel and Hezbollah which could spread the conflict further across the region.
  • ELECTION YEAR IN THE US: The United States Election Year has statistically been favorable for gold, rising on average 9.94%. According to the last five election cycles, gold prices have risen on average 9.94%, with the commodity rising 11.96% on average when Democrats win and 6.91% on average with a Republican victory.

Source: Bloomberg and MT4

Please note that past performance does not guarantee future results.

EVENTS:

  • EVENT (MARCH 6 AND MARCH 7 AT 15:00 GMT): FED CHAIRMAN JEROME POWELL TESTIMONY BEFORE CONGRESS. Federal Reserve Chair Jerome Powell is to testify on the economic outlook and recent monetary policy actions before the Joint Economic Committee, in Washington DC. The testimony is in two parts; the first is a prepared statement, then the committee conducts a question-and-answer session. The Q&A portion of the testimony could see heavy market volatility for the duration.
  • EVENT (FRIDAY, MARCH 8 AT 13:30 GMT): US NONFARM PAYROLLS (NFP) AND UNEMPLOYMENT RATE (FEBRUARY): The United States is set to release its Non-Farm Payrolls and Unemployment Rate data on March 8th 2024. The previous NFP reading came in higher than expected (353K vs 187K) and the current expectation, according to Bloomberg for February is 190K. If NFP comes in lower than 190K, this could push the Gold price higher.

  • EVENT (TUESDAY, MARCH 12 AT 13:30 GMT): US INFLATION (FEBRUARY): The United States is expected to release its CPI Inflation data for the month of February on March 12th, 2024. The last reading showed a decrease from 3.4% to 3.1% which shows a declining trend in inflation. If the latest reading comes in lower than expected as per Bloomberg (3.1%), this could push the Gold price higher.
  • EVENT (FEDERAL RESERVE INTEREST RATE DECISION - MARCH 20, 2024): The United States Federal Reserve will be making a decision on interest rates on March 20th, 2024.The Fed has kept interest rates at 5.5% since July 2023 and markets are expecting rates to remain unchanged at the March meeting. Markets will be focused on Fed Chairman Powell’s speech after the meeting for indications and guidance as to when interest rate cuts can be expected.

ANALYST OPINION

  • CITIGROUP: GOLD COULD HIT $3000 WITHIN THE NEXT 12 TO 18 MONTHS. Gold could rise 50% if central banks sharply ramp up purchases of the yellow metal, a possible stagflation, or in case of a deep global recession. However, the price could decline further. Central banks’ gold purchases have “accelerated to record levels” in recent years, as they seek to diversify reserves and reduce credit risk. China and Russian central banks are leading gold purchases, with India, Turkey, and Brazil, also increasing bullion buying.

GOLD, March 4, 2024
Current Price: 2080

GOLD

Weekly

Trend direction

UP

Resistance 3

2300

Resistance 2

2200

Resistance 1

2120

Support 1

2040

Support 2

2020

Support 3

2000

Example of calculation based on weekly trend direction for 1.00 Lot

Gold

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss in $

22,000

12,000

4,000

-4,000

-6,000

-8,000

Profit or loss in €²

20,291

11,068

3,689

-3,689

-5,534

-7,378

Profit or loss in £²

17,369

9,474

3,158

-3,158

-4,737

-6,316

Profit or loss in C$²

29,848

16,281

5,427

-5,427

-8,140

-10,854

1. 1.00 lot is equivalent of 100 units
2. Calculations for exchange rate used as of 09:00 (GMT) 04/03/2024
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Risk Warning and Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk. See full risk warning

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Risk warning   Privacy policy
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. You do not own, or have any interest in, the underlying assets. Fortrade Canada Limited is an Order Execution Only broker, and does not provide investment advice or recommendation. Fortrade is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and a member of the Canadian Investor Protection Fund (CIPF). Fortrade Canada Limited is authorised to provide CFD trading services in all provinces in Canada except Quebec. Residents of Alberta province are required to be Accredited Investors to trade CFDs.

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Risk Warning and Disclaimer: CFDs are complex and highly speculative instruments, which come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your invested capital. Be Aware: You can lose all, but not more than the balance of your Trading Account. 76% of retail investor accounts lose money when trading CFDs with this provider. These products may not be suitable for all clients, therefore ensure, that you understand the risks and seek independent advice. Should you proceed with investment in CFDs on virtual currencies, please note, that the values are highly volatile and may result in a significant loss for a short period of time. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk. The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

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Risk Warning and Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Be aware, as a retail client you can lose all, but not more than the balance of your trading account due to Fortrade’s negative balance protection.

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