Gold prices declined slightly on Tuesday as market participants exercised caution in anticipation of the imminent implementation of U.S. President Donald Trump’s tariffs on Canada, Mexico, and China.
The price of gold has stabilized above the breakout zone and has shown signs of further upward movement toward the 2905 level. From both a technical perspective and the overall market trend, gold remains in an uptrend. Notably, if President Trump’s tariffs come into effect, the price may reach the previous high resistance level. A breakout above this zone would likely drive the price even higher, potentially reaching new record levels.
Bullish target: 2905, 2935, 2954
Following a period in which the price remained below the breakout zone, it became evident that a downward movement beyond this area would require a decisive break below the 2833 support level to confirm a bearish trend.
Bearish target: 2879, 2858, 2833
Your feedback is valuable! If you agree or see something differently, comment below—let’s exchange ideas!
The price of gold has stabilized above the breakout zone and has shown signs of further upward movement toward the 2905 level. From both a technical perspective and the overall market trend, gold remains in an uptrend. Notably, if President Trump’s tariffs come into effect, the price may reach the previous high resistance level. A breakout above this zone would likely drive the price even higher, potentially reaching new record levels.
Bullish target: 2905, 2935, 2954
Following a period in which the price remained below the breakout zone, it became evident that a downward movement beyond this area would require a decisive break below the 2833 support level to confirm a bearish trend.
Bearish target: 2879, 2858, 2833
Your feedback is valuable! If you agree or see something differently, comment below—let’s exchange ideas!
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The market is waiting—you can make money, and you should.
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.
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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.