Gold Spot / U.S. Dollar
Short
Updated

Gold Retreats After Trump Confirms China Talks

196
📌 Gold Retreats After Trump Confirms China Talks – Political Noise Drives Volatility 🧨📉
Gold (XAU/USD) saw a sharp intraday drop following comments from President Trump, who confirmed that trade talks with China are “ongoing” — despite China denying any official negotiations had taken place. The market interpreted this as a signal of de-escalation, prompting a short-term price correction.

Gold had previously rallied past $3,500/oz, supported by a weaker USD and strong demand from bargain hunters after last week’s sharp decline. However, the current political contradictions and tariff headlines are creating erratic moves across all asset classes.

🌍 Fundamental Context
The USD weakened, stocks lost momentum, and risk sentiment shifted after a confusing round of statements from the US and China.

Meanwhile, US jobless claims rose slightly, reflecting a resilient labour market amid tariff-related headwinds.

Today’s Core Retail Sales data in the US could add more volatility heading into the weekly candle close.

It’s Friday — expect possible liquidity sweeps and aggressive price spikes as the market prepares for weekend risk-off moves.

📊 Trading Outlook – 26 April
We're seeing signs of a tactical pullback, but long setups should be delayed until political headlines stabilise. Focus on intraday reaction zones — not aggressive positioning.

🔻 SELL ZONES
3384 – 3386
• SL: 3390
• TP: 3380 → 3376 → 3372 → 3368 → 3364 → 3360 → ???

3406 – 3408
• SL: 3412
• TP: 3400 → 3396 → 3392 → 3388 → 3384 → 3380 → 3370 → 3360

🟢 BUY ZONES
3288 – 3286
• SL: 3282
• TP: 3292 → 3296 → 3300 → 3304 → 3310

3270 – 3268
• SL: 3264
• TP: 3274 → 3278 → 3282 → 3286 → 3290

🛡️ Final Notes & Strategy
Avoid rushing BUY entries — allow Price to complete its corrective phase and wait for structure and confirmation.

Today’s Core Retail Sales (US) could trigger a fresh wave of volatility.

It’s also weekly close Friday, so prepare for potential false breaks and stop hunts.

✅ Stick to your TP/SL. Protect your capital first — clarity will come when the dust settles.

💬 Are you watching for a short-term bounce or planning to fade strength near resistance? Let us know in the comments below! 👇👇👇
Trade active
snapshot

📌 Plan Delivered – 160 PIPS Secured in NY Session! ✅🔥
Despite choppy and unpredictable price action today, our BUY ZONE at 3,270 – 3,268 held perfectly and delivered up to 160 PIPS in profit during the New York session.

🎯 TP Targets Hit:
3274 → 3278 → 3282 → 3286 → 3290

Even in tough conditions, when others got chopped up by volatility, our plan stayed consistent and precise — because structure always leads, and smart risk pays off.

🗣️ This isn’t luck — it’s calculated execution.
📈 Follow the plan. Trade with discipline.
💰 Profit like a pro.

My daily plan isn't a suggestion — it's how the market moves.
👉 Follow now and let the market reward you.

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.