📌 Driving factors
As Sino-US trade tensions ease, market concerns about a global recession have eased, investor risk appetite has increased, and the attractiveness of gold as a safe-haven asset has declined, and gold prices fell on Wednesday (May 14). After the tariff truce announced over the weekend, the stock market rose sharply, weakening the safe-haven appeal of gold in the short term, which was an important factor that pushed gold prices to new highs in the previous few months, and it is also the starting point for the current large number of sell-offs!
Driven by bargain hunting, gold prices rebounded on Tuesday, and the weaker-than-expected US inflation data released that day also helped gold prices rise. However, trade optimism limits the strength of gold's rebound.
📊Commentary Analysis
Gold began to fall in the early trading of the US market and is about to fall to our expected point. The support below is 3160!
💰Strategy Package
🔥Selling Gold Area: 3245-3240 SL 3250
TP1: $3230
TP2: $3210
TP3: $3190
🔥Buying Gold Area: $3167-$3165 SL $3160
TP1: $3178
TP2: $3189
TP3: $3200!
Labaron believes
Guaranteeing the principal is the bottom line for survival, controlling risks is the armor for survival, earning profits is a stage medal, and long-term stable and continuous profits are the only proof of being able to stand up from the mountains of corpses and seas of blood.
I share various trading signals every day, and real-time signals will be pushed flexibly according to market dynamics. Followers who follow me can get high returns every day. If you want stable returns, you can contact me
t.me/+arTT14Fe44tkMzAx
t.me/+arTT14Fe44tkMzAx
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I share various trading signals every day, and real-time signals will be pushed flexibly according to market dynamics. Followers who follow me can get high returns every day. If you want stable returns, you can contact me
t.me/+arTT14Fe44tkMzAx
t.me/+arTT14Fe44tkMzAx
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.