Summary:
After Trump announced details of new tariffs, the market turned highly active. From a fundamental perspective, this provided strong support for gold.
Pay attention to the 3105 level, which was quickly tested following Trump’s statement before price rallied higher.
Unless a clear reversal signal appears, the main strategy remains: buy on pullbacks to support.
Key Levels to Watch:
3170–3175: Bullish target zone
3168: ATH resistance
3156: Resistance
3142: Bullish/Bearish pivot line
3120–3138: Price consolidation / value zone
3105: Strong intraday support
Short-Term Trading Strategy:
👉 If my insights have been helpful to you, or if you traded based on my ideas, please consider giving a like — it’s a great encouragement for me! Thanks for your support!
Disclaimer: This is my personal opinion and not financial advice. Please manage your risk accordingly.
After Trump announced details of new tariffs, the market turned highly active. From a fundamental perspective, this provided strong support for gold.
Pay attention to the 3105 level, which was quickly tested following Trump’s statement before price rallied higher.
Unless a clear reversal signal appears, the main strategy remains: buy on pullbacks to support.
Key Levels to Watch:
3170–3175: Bullish target zone
3168: ATH resistance
3156: Resistance
3142: Bullish/Bearish pivot line
3120–3138: Price consolidation / value zone
3105: Strong intraday support
Short-Term Trading Strategy:
- For Shorts: Enter a SELL if the price breaks below 3146. Watch 3142 first; if the decline continues, monitor 3138, 3133, and 3128.
- For Longs: Enter a BUY if the price holds above 3156. Watch 3160 for confirmation; if momentum continues, target 3165, 3168, and 3170.
👉 If my insights have been helpful to you, or if you traded based on my ideas, please consider giving a like — it’s a great encouragement for me! Thanks for your support!
Disclaimer: This is my personal opinion and not financial advice. Please manage your risk accordingly.
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.
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.