Gold Prices Extend Gains Amid US-China Trade Tensions
Gold continues to climb following President Trump's move to raise tariffs on Chinese imports to 125%, intensifying the trade war. While a 90-day tariff pause was granted to non-retaliating countries, uncertainty remains elevated.
Technical Outlook:
Gold maintains bullish momentum as long as it trades above 3112 and 3094.
A move higher could test 3134
A 1H candle close above 3134 would likely push the price toward 3162 and 3191
However, if the price closes a 4H candle below 3112, expect a retracement toward 3085.
CPI data today will be a key factor for gold volatility and direction.
Key Levels:
Pivot: 3112
Resistance: 3134 → 3162 → 3191
Support: 3098 → 3085 → 3072
previous idea:
Gold continues to climb following President Trump's move to raise tariffs on Chinese imports to 125%, intensifying the trade war. While a 90-day tariff pause was granted to non-retaliating countries, uncertainty remains elevated.
Technical Outlook:
Gold maintains bullish momentum as long as it trades above 3112 and 3094.
A move higher could test 3134
A 1H candle close above 3134 would likely push the price toward 3162 and 3191
However, if the price closes a 4H candle below 3112, expect a retracement toward 3085.
CPI data today will be a key factor for gold volatility and direction.
Key Levels:
Pivot: 3112
Resistance: 3134 → 3162 → 3191
Support: 3098 → 3085 → 3072
previous idea:
~6 analyses per day. With a clear Entry, Target, and stop-out Point
more than 2000 pip per week → Accuracy +90%
~4 signals per day More than 1000 pip Per Wekk → Accuracy +88%
SM News ⚡️:
t.me/SM_News_24h
sroshmayi.com
more than 2000 pip per week → Accuracy +90%
~4 signals per day More than 1000 pip Per Wekk → Accuracy +88%
SM News ⚡️:
t.me/SM_News_24h
sroshmayi.com
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.
~6 analyses per day. With a clear Entry, Target, and stop-out Point
more than 2000 pip per week → Accuracy +90%
~4 signals per day More than 1000 pip Per Wekk → Accuracy +88%
SM News ⚡️:
t.me/SM_News_24h
sroshmayi.com
more than 2000 pip per week → Accuracy +90%
~4 signals per day More than 1000 pip Per Wekk → Accuracy +88%
SM News ⚡️:
t.me/SM_News_24h
sroshmayi.com
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.