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Gold prices remained stable during the Asian session, currently fluctuating around 33022/OZ, close to last Thursday's historical high. After falling in the previous two days, gold prices stabilized, reflecting that the market's demand for risk aversion against economic and geopolitical risks has not diminished. Last week, gold prices rose by 1.3% in total, and the year-to-date increase was 15%.
The Trump administration's planned reciprocal tariff policy may be less than expected. White House insiders revealed that some countries may be excluded from the tariff list, and there are no plans for trade barriers for specific industries. This news eased market concerns about the escalation of global trade frictions and limited the downward pressure on gold prices.
The 15% increase in gold prices this year highlights its safe-haven status, and bulls may make a comeback after a short-term adjustment. If the tariff policy is implemented moderately and the US dollar weakens, gold prices are expected to continue to strengthen; if geopolitical risks intensify, it may sprint to $3100/oz. The short-term support level is $3,000, and a break below it could trigger a technical correction to $2,950.
Important factors: "The short-term trend of gold prices depends on the US dollar index and the details of tariff policies."
XAUUSD GOLD XAUUSD XAUUSD XAUUSD Note
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XAUUSD fell below 3,000 immediately due to negative factors.The short-term focus on the upper short-term resistance of 3023-3028 and the short-term focus on the lower short-term support of 2993-2988.
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Note
xauusd 3028 encountered resistance and fell rapidly, leading members to complete profit closing🚀🚀
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✔Copy accurate trading signals✔Manage accounts🎁Stable profit of more than 188.6% per week🎁Success rate is as high as 97.85%, real-time communication: @cryptoanalyst_baker Signal entry: t.me/FcCygjylf
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.