XAU/USD Awaits Breakout as Traders Eye Tariff Signals

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XAU/USD: Gold Holds Near Highs as Markets Await Trump’s Next Tariff Decision

Gold Technical Overview:
Gold is currently consolidating in a tight range between 3218 and 3237.

  • A 1H or 15Min candle close below 3218 would signal bearish momentum, targeting 3195 and 3169.

  • On the other hand, a 1H or 4H candle close above 3237 would support further bullish movement toward 3265 and 3280.

    Market Context:
    The U.S. Dollar has found a temporary pause in its decline, with market volatility easing as investors await further clarity on trade tariffs. Sentiment remains cautious, but optimism around U.S. economic stability is lending some support to the dollar.

    Key Technical Levels:
    • Pivot: 3218
    • Support: 3195 / 3169 / 3152
    • Resistance: 3237 / 3265 / 3285

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