XAUUSD and 
DXY in consolidation ahead of important news and Trump's speech. Economic risks are rising and the future outlook depends on fundamental data...
Trade tensions support gold demand. Trump may impose global tariffs of up to 20% which will increase risks to the economy. Investors are piling into gold in anticipation, pushing its price to a record $3,150
A key factor is the details of the tariffs. If tariffs are softer than expected, gold could fall to intermediate support zones. If the trade war escalates, the rise could continue beyond 3150
Economic risks are rising and gold may test 3107 - 3100 support before rising further. Technically, 3100 - 3107 is a zone of interest and liquidity. If bulls hold the support, gold will continue to rise. Otherwise, gold may form a correction towards 3075 - 3065
Resistance levels: 3126, 3135, 3147
Support levels: 3107, 3100, 3091
The price is correcting to consolidation support in the moment. A strong and sharp fall is fraught with the risk of a liquidity grab and a false breakdown. In this case, gold may strengthen to one of the key resistances. But the further and medium-term development of events depends on the evening news....
Regards R. Linda!
Note
An additional scenario if the bulls do not let the price to the support:
A descending line of local resistance is forming above, as well as the 3135 level, which is a trigger. Consolidation near 3135 or above the descending line could trigger a breakout of 3135 and further growth
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🌹TRADING is a CASINO💔!?
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