📌 Gold prices have experienced volatility following the announcement and implementation of President Trump's new tariff policies. Initially, gold surged to a record high of $3,148.88 per ounce as investors sought safe-haven assets amid escalating trade tensions. However, subsequent market reactions, including stock market sell-offs and profit-taking activities, have led to a retreat in gold prices.
🔑 Key Levels:
-Resistance: $3,056.09 ❌
-Support: $3,002.63 ✅ (if broken, next support at $2,954.46)
📈 Market Scenarios:
Bullish: If gold holds above $3,002.63 and breaks through $3,056.09, it could signal a continuation of the uptrend. 🚀
Bearish: A sustained move below $3,002.63 may indicate further downside towards $2,954.46. 📉
📘 This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult with a professional before making trading decisions.
🔑 Key Levels:
-Resistance: $3,056.09 ❌
-Support: $3,002.63 ✅ (if broken, next support at $2,954.46)
📈 Market Scenarios:
Bullish: If gold holds above $3,002.63 and breaks through $3,056.09, it could signal a continuation of the uptrend. 🚀
Bearish: A sustained move below $3,002.63 may indicate further downside towards $2,954.46. 📉
📘 This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult with a professional before making trading decisions.
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.
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.