XAUUSD Gold remains stable around $3,237 as easing US-China trade tensions eroded safe-haven demand. The US cut its "de minimis" tariff on small Chinese parcels to 30%, with further progress in talks dampening gold's short-term appeal. Market focus now turns to the upcoming US PPI data for clues on the Fed’s rate path. Technically, gold is hovering just above the key $3,213 support. A break below could trigger further losses toward $3,132. Resistance remains near $3,264 and $3,306.- Resistance : $3,264 , $3,306
- Support : $3,213 , $3,132
Trade closed: target reached
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ATFX is a globally regulated, award-winning fintech broker offering customer support in 20 languages.
👉🏼Start your trading journey with ATFX: bit.ly/3mLMPHz
👉🏼Start your trading journey with ATFX: bit.ly/3mLMPHz
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.