Although Trump has announced the exclusion of smartphones and computers from the list of reciprocal tariffs, which has alleviated some market concerns, due to the uncertainty of the overall tariff policy, the gold price still remains above $3,200 after falling from the intraday all - time high of $3,245 on Monday.
Judging from the current trend of gold, we should still pay attention to the resistance level in the range of 3240 - 3245. In the short term, focus on the support level in the range of 3185 - 3190. Currently, the trend has not reversed. It is likely that the bulls are pulling back to accumulate strength and move in a volatile pattern. In terms of trading operations, it is advisable to mainly go long during pullbacks.
XAUUSD trading strategy
buy @ 3195-3205
sl 3180
tp 3218-3223
If you approve of my analysis, you can give it a thumbs-up as support. If you have different opinions, you can leave your thoughts in the comments.Thank you!
Judging from the current trend of gold, we should still pay attention to the resistance level in the range of 3240 - 3245. In the short term, focus on the support level in the range of 3185 - 3190. Currently, the trend has not reversed. It is likely that the bulls are pulling back to accumulate strength and move in a volatile pattern. In terms of trading operations, it is advisable to mainly go long during pullbacks.
XAUUSD trading strategy
buy @ 3195-3205
sl 3180
tp 3218-3223
If you approve of my analysis, you can give it a thumbs-up as support. If you have different opinions, you can leave your thoughts in the comments.Thank you!
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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.
Join my free Telegram channel right away and achieve financial freedom.
👉👉👉 t.me/+xZQ4ipz0cXc1ZjU0
👉👉👉 t.me/+xZQ4ipz0cXc1ZjU0
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.