🔔 Driving Events
Gold prices (XAU/USD) failed to extend Thursday's sharp rebound from the $3,120 area (the lowest level since April 10) and faced selling pressure again during Friday's Asian session. The 90-day trade truce between China and the United States has relieved some of the pressure on global financial markets, suppressing demand for safe-haven metals.
Nevertheless, lingering geopolitical tensions and a weaker US dollar continue to provide potential support, limiting the downside for gold prices. In addition, the market's growing expectations for further interest rate cuts by the Federal Reserve may prevent traders from taking a strong bearish stance on gold in the short term.
📊Comment Analysis
Gold prices have recovered, and buyers are determined to keep gold prices stable around 3200 points in May. Waiting for new bullish momentum after the end of tariff negotiations
💰Strategy Package
🔥Sell Gold Zone: 3287-3290 SL 3294
TP1: $3270
TP2: $3260
TP3: $3250
🔥Buy Gold Zone: $3173 - $3175 SL $3168
TP1: $3188
TP2: $3200
TP3: $3218
⭐️ Note: Labaron hopes that traders can properly manage their funds
- Choose the lot size that matches your funds
- Profit is 4-7% of the capital account
- Stop loss is 1-3% of the capital account
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
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t.me/+arTT14Fe44tkMzAx
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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.
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.