Gold fluctuates and is bearish, waiting for NF

📌 Policy factors
Gold prices (XAU/USD) continued to fall, falling to $3,310 in the current European session on Wednesday, as signs of improved global risk sentiment and easing trade tensions curbed demand for safe-haven assets. Market participants remained cautious ahead of the release of major US economic data, including ADP employment changes, core PCE price index and first quarter GDP preliminary values, all of which are scheduled to be released later today.

It is reported that President Trump suddenly signed an executive order to provide automakers with up to 15% tariff rebates to ease the impact of his auto tariff policy. Even more unexpectedly, US Commerce Secretary Lutnick revealed that a trade agreement had been reached secretly with a certain country. These major changes immediately triggered a strong market reaction.

📊Comment Analysis
Gold price maintains the accumulation range of 3265-3360, temporarily stable and waiting for large fluctuations

💰Strategy Package

🔥Sell gold area: 3368-3370 SL 3375
TP1: $3350
TP2: $3340
TP3: $3330

🔥Buy gold area: $3264-$3262 SL $3257
TP1: $3280
TP2: $3300
TP3: $3318

🔥Buy gold area: $3285-$3283 SL $3280 scalping
TP1: $3290
TP2: $3295
TP3: $3300

⭐️ Note: Labaron hopes that traders can properly manage their funds

- Choose the number of lots that matches your funds

- Profit is 4-7% of the capital account

- Stop loss is 1-3% of the capital account

Labaron

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Gold is still volatile, buy at 3298-3305 in the US market

by Labaron

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