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Crude Oil’s $70 Surge Still Faces 3-Year Channel ResistanceAlthough news points to a crude oil price surge, technical analysis indicates price cap risks remain within the borders of a 3-year descending channel. Should a clear hold emerge above the $70 barrier, the bullish rebound in price action from the $64.40 zone, in line with the weekly RSI’s rebound off the neutral 50 zone, may extend toward the channel’s upper boundary at $72.40, $74.40, and $77 in more extreme scenarios. A confirmed hold above the $77–78 zone may shift the primary trend away from bearish dominance and pave the way for longer-term bullish forecasts. On the downside, if a price drop results in a clean break below the $64 barrier, downside risks may extend toward the mid-zone of the long-standing channel, with potential support levels at $63.20, $61.80, and $59.70, respectively. Written by Razan Hilal, CMT
FOREXCOM:USOIL
by FOREXcom
1
NATURAL GAS REACHED THE KEY SUPPORT LEVEL. WHERE TO GO NEXT?NATURAL GAS REACHED THE KEY SUPPORT LEVEL. WHERE TO GO NEXT? XNGUSD has come to a crucial support level of 3.0000. Although the sentiment here stays as quite bearish (seasonally, August is not the perfect month for natgas buyers), we expect the price to rebound from the level of 3.0000 towards 3.3000 first. Afterwards, the continuation of bearish trend is expected with final target of 2.6000 before cold season beginning.
CAPITALCOM:NATURALGASShort
by ProfessorSingapore
Platinum Breakout Stalk: Thief Entry Only After Confirmed🧠 Thief's Heist Plan Activated! Asset: XTI/USD (PLATINUM) 💎 Strategy: Bullish Pullback + Breakout Play 💥 🔍 We stalking platinum's neutral zone… waiting for that clean breakout! No early entries, no premature SLs. Discipline = Profits. 🎯 🎯 Entry: After breakout confirmed. Use multiple DCA limit orders to layer in like a ghost. 🔐 Stop Loss: ONLY after breakout – Place at 1280.00 🛡️ 💎 Target: 1560.00 – Vault unlock point! 💰 📵 DO NOT place SL or orders before breakout – patience is the thief’s edge. 🧘‍♂️ This isn’t gambling... this is precision trading. Breakout = green light 🚦 Get ready to raid the platinum vault! #ThiefTrader #BreakoutStrategy #PlatinumHeist #XTIUSD #BullishSetup #SmartMoneyMoves
FUSIONMARKETS:XPTUSD
by The-Thief
2
What a turnaround on copper futuresManipulation? Smells like it, but of course, this is just the market we are currently living in. Let's dig in. MARKETSCOM:COPPER COMEX:HG1! Let us know what you think in the comments below. Thank you. 75.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
MARKETSCOM:COPPER
by Marketscom
Gold price continues sharp declineHello everyone! Do you think gold will rise or fall? Let’s dive into the latest movements of this precious metal. Just as we anticipated in yesterday’s strategy , gold has extended its downward move, with the bears firmly in control. The precious metal is currently trading around 3,290 USD, clearly signaling a short-term downtrend after breaking the ascending trendline that started in early July. Although there was a slight bounce, price remains capped below the key resistance zone of 3,333 – 3,350 USD, which coincides with the confluence of the 0.618 – 0.5 Fibonacci retracement and the EMA 34/89 — adding even more downside pressure. The main reason behind this recent drop lies in the easing of trade tensions following the US-EU tariff agreement, which has significantly weakened gold’s safe-haven appeal. At the same time, the FOMC meeting yesterday failed to provide any bullish catalyst for gold. Even though the Fed is expected to keep rates unchanged, a single hawkish remark from Chair Powell was enough to intensify short-term selling pressure. From a technical perspective, gold attempted to retest the broken trendline but failed, confirming the bearish structure. A new wave of correction could emerge soon, but the overall outlook remains tilted toward further downside. My personal view: Target 1 is at the 1.272 Fibonacci extension. Target 2 lies at the 1.618 Fibonacci level — which could be the next destination. And you — what do you think about this trendline break? Let’s discuss in the comments!
OANDA:XAUUSDShort
by Kevinn_Nguyen
13
Gold Faces Strong Rejection Below $3,365 – Bearish Wave Ahead?Gold is currently trading around $3,359, showing signs of exhaustion after climbing from the $3,248 low. The chart illustrates a textbook scenario of channel rejection after testing the upper boundary of the descending wedge and failing to break above the $3,365–$3,392 resistance zone. Price is now hovering just below the diagonal black trendline, indicating a potential lower high formation and setting up for another bearish wave. 📌 Key Technical Highlights Resistance Zone: $3,365–$3,392 This area marks the confluence of the black long-term trendline, the top of the descending purple channel, and the previous high at $3,392. Price attempted a "Possible Retest" as annotated on the chart and is now starting to pull back—showing signs of bearish rejection. Bearish Scenario (Blue Arrows): Multiple downward arrows show likely bearish paths if the current resistance holds. Key short-term targets: $3,337, $3,320, $3,303, Strong support at $3,293–$3,248 Further downside may test extension levels toward $3,220–$3,200 by early August if momentum builds. ⚠️ Bearish Confirmation Criteria Failure to close above $3,365 (black trendline) Breakdown below $3,337 followed by $3,320 Strong selling pressure supported by fundamentals (e.g. USD strength, Fed hawkish stance) ✅ Invalidation / Bullish Outlook A decisive breakout and close above $3,392.73 would invalidate the bearish structure. In that case, targets would shift toward: $3,412, $3,434, $3,490 (long-term trendline intersection) However, today's U.S. CPI (Consumer Price Index) release adds a layer of volatility and potential trend disruption, making this a high-risk trading day. 📊 CPI News Impact – What to Watch High CPI (Stronger than forecast): - Increases expectations of further Fed tightening → strengthens USD → bearish for gold - Likely scenario: sharp drop toward $3,337 → $3,320 → $3,293 Low CPI (Weaker than forecast): - Signals disinflation → weakens USD → bullish for gold - Possible breakout above $3,365 → retest of $3,392 → if broken, target $3,412 and $3,434 Neutral or as expected CPI: - Likely leads to whipsaw — fakeout on both sides - Caution advised — wait for candle close confirmations post-news Note Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
ICMARKETS:XAUUSDShort
by SibiSh
Gold Price Update – Testing Key ResistanceGold is currently trading around 3367, showing strong bullish momentum as it continues to form higher lows, which indicates an ongoing uptrend. The market structure is developing inside a rising wedge pattern, with the price consistently respecting both the ascending support and resistance lines. Gold is now testing a key resistance zone between 3376 and 3450, an area that previously acted as a major supply zone and caused sharp rejections. A successful breakout and close above 3450 will likely confirm a bullish continuation and may open the door for a rally toward 3500 and possibly 3580. However, if gold fails to break this level, it could retrace back to the 3300 or 3250 support zones, especially if a rejection candle forms in the daily timeframe. 📊 Key Technical Highlights: - Price has approached the upper resistance boundary of the wedge. - Daily candle is bullish, indicating strong buying momentum. - However, unless price closes above 3,376–3,450, there’s still a risk of rejection from the top channel and a pullback toward 3,300–3,250. 🔑 Key levels to watch: - Gold is currently trading around $3,367, just below a crucial horizontal resistance at $3,376 - A strong breakout above $3,376, and especially above $3,450, could open the door for further bullish movement toward the $3,500–$3,600 range, following the upper trendline of the ascending channel. - On the downside, if price fails to hold the higher low at $3,252, a drop toward $3,200 or even $3,100 is possible aligning with the downward red trendline. - The structure remains bullish overall, as price is still making higher lows and staying within the rising channel 📊 Weekly Gold Chart Analysis Gold is currently trading around $3,368, forming a symmetrical triangle pattern on the weekly timeframe. This pattern typically indicates a period of consolidation before a potential breakout in either direction. The price is getting squeezed between lower highs and higher lows, which is a sign of decreasing volatility and approaching breakout. 🔑 Key Technical Insights: - ✅ Current Structure: Price has been consolidating within a triangle since April 2025 after a strong upward move. It is now near the apex of the triangle, suggesting a breakout is imminent—most likely in the next 1–2 weeks. 🔼 Bullish Breakout: - If gold breaks above the triangle resistance (~$3,385–$3,393), it could trigger a sharp rally. - Upside targets post-breakout: $3,450, $3,500, $3,600+ (if momentum continues) 🔽 Bearish Breakdown: - A break below the triangle support (~$3,335–$3,325) may lead to a deeper correction. - Downside targets post-breakdown: $3,285, $3,200 - Possibly $3,100–$3,050 if bearish sentiment intensifies 📉 Volume Drop: As typical with triangles, volume has likely decreased, signaling indecision. Once volume returns, it will likely confirm the breakout direction. Note Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
OANDA:XAUUSDLong
by SibiSh
Technical Analysis - Gold Rejected at ResistanceGold is currently trading around $3,341 after facing a strong rejection from the $3,438 resistance area. This rejection coincided with the upper boundary of the trend channel and the main resistance zone, which also aligns with the Fibonacci 0.5–0.618 retracement levels. After the rejection, price fell below the descending trendline, indicating that short-term sellers have taken control. On the downside, the immediate support sits at $3,324, which has acted as a short-term bounce level. A break below this could push gold lower toward $3,281 and potentially $3,254, which are key Fibonacci extension support levels. On the upside, the immediate hurdle is at $3,355–$3,360 (descending trendline). A breakout above this area will be critical for any bullish recovery attempt toward $3,381–$3,394 and eventually $3,420–$3,438. At the moment, the short-term trend remains bearish because gold is trading below the descending resistance and showing lower highs. However, as long as gold holds above the $3,254 support zone, the medium-term structure remains neutral to bullish, giving bulls a chance if momentum shifts again. Last week candle is pin bar bearish candle which is showing bearish momentum at the moment. The candle shows rejection near $3,400–$3,450, aligning with the triangle’s upper resistance trendline. If gold cannot reclaim and hold above last week’s high, price may drift lower to retest support zones around $3,248–$3,150 before another breakout attempt. Note Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
OANDA:XAUUSDShort
by SibiSh
2
Gold Awaits Fed Rate Decision – Key Levels & Volatility AheadGold is currently trading near $3,332, showing a minor recovery after recent downward momentum. The price action on the 1-hour chart highlights a short-term ascending structure, which often acts as a corrective move rather than a strong bullish trend. The market previously saw significant selling pressure from above $3,355–$3,360, creating a short-term supply zone. Unless the price breaks and holds above this zone, the overall momentum remains bearish. The chart also shows a projected price path where gold could push slightly higher toward $3,355, meet resistance, and potentially reverse downward again. Key support lies at $3,320, and if this breaks, we could see gold testing $3,290–$3,280 levels, aligning with the black trend line support. However, if bulls manage to break above $3,360, it would signal potential upside continuation toward $3,380–$3,400. Key Points - Key Resistance Levels: $3,355 and $3,360 (critical supply zone). - Key Support Levels: $3,320 (short-term), followed by $3,290–$3,280 (major trendline support). - Expected Short-Term Move: Possible push toward $3,355 → rejection → decline back toward $3,320 and possibly $3,290. Bullish Breakout Scenario: A strong close above $3,360 could push price toward $3,380–$3,400. Overall Bias: Bearish while trading below $3,360. 4hr Chart Price remains under pressure below the descending trendline. A small pullback toward $3,345–$3,350 is possible, but as long as price stays under this resistance, the bias remains bearish with potential downside targets around $3,300–$3,280. Key Levels: - Resistance: $3,350 → $3,381 → $3,394 - Support: $3,324 → $3,281 → $3,254 Today’s FOMC interest rate decision is a key driver for Gold. Here’s the quick analysis: - If Fed Hikes Rates or Maintains Hawkish Tone: - Strong USD likely → Gold could face more selling pressure. - Key support zones: $3,324 – $3,300, then $3,281 and $3,254. - If Fed Pauses or Turns Dovish: - Dollar weakens → Gold may bounce toward resistance zones. - Upside levels: $3,355 – $3,360 and higher toward $3,381 – $3,394 (Fib levels). Expect high volatility; $3,300 is a critical support to watch. A dovish Fed may give Gold short-term relief, but a hawkish stance could accelerate the downtrend. Note Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
ICMARKETS:XAUUSDShort
by SibiSh
Gold Price Update – Bearish Flag Signals Possible Drop AheadGold is currently trading around $3,324, showing consolidation after a recent decline from the $3,345 region. The chart shows a bearish flag pattern forming after the sharp drop, indicating potential continuation of the downtrend. If gold fails to break above this region, sellers may push the price lower towards $3,301 and possibly $3,275. The descending trend line adds further bearish pressure, limiting upside momentum unless gold decisively breaks and holds above $3,345. Overall, gold remains under short-term bearish sentiment, with the focus on support retests. Any bullish momentum will only be confirmed if the price closes above the flag and trendline resistance. Key Points Resistance Zones: $3,328 (0.618 Fib), $3,345 (flag top). Support Zones: $3,301 (Fib base), $3,284, and $3,275 (bearish extension). Trend Outlook: Short-term bearish unless price breaks above $3,345 with volume. Bearish Targets: $3,301 → $3,284 → $3,275. Bullish Invalidations: Break and close above $3,345 may shift bias to bullish. Note Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
OANDA:XAUUSDShort
by SibiSh
Gold breaks price channel, officially starts falling✏️ OANDA:XAUUSD price has officially broken the bullish wave structure and broken the bullish channel. A corrective downtrend has begun to form. If there is a pull back to the trendline today, it is considered a good opportunity for sell signals. The liquidity zone 3250 is the target of this corrective downtrend. The 3283 zone also has to wait for confirmation because when the market falls and the momentum of the decline, the number of FOMO sellers will be very strong. The opposite direction is when closing back above 3375, Gold will return to the uptrend. 📉 Key Levels SELL zone 3343-3345 Target: 3250 BUY trigger: Rejection candle 3285 Buy zone: 3251 Leave your comments on the idea. I am happy to read your views.
OANDA:XAUUSDShort
by VHT_Trader
Gold Weekly Outlook (XAUUSD) -28th JulyGold Enters a High-Stakes Week This week sets the stage for major moves in gold. The charts are signalling liquidity grabs, premium compression, and volatility driven by upcoming macro catalysts. Key events ahead: Tuesday: ADP Employment Data Wednesday: The Fed Gold is currently consolidating beneath a critical supply zone, suggesting potential for a breakout or rejection. We'll align macro drivers with Smart Money Concepts, ICT methodology, Fibonacci levels, EMAs, RSI, and Fair Value Gaps to craft a precise trading framework. Technically, price action reflects a corrective phase within a broader uptrend. Confluence support from the ascending trendline and a key horizontal level is in play. As long as price remains above 3342, a bounce toward 3400 remains the preferred scenario. The broader bullish structure and underlying momentum suggest that once this retracement completes, the uptrend may resume with strength. 🟡 – Summary 🔹 Macro & HTF View: Bias: Bullish but weakening under premium supply Key Events: ADP (Tue), FOMC (Wed) → potential for liquidity grabs Indicators: RSI divergence (75 → 66) EMAs flattening Unfilled FVGs above (3365–3405) and below (3280–3320) Key Fib targets: 3405 (127%) and 3439 (161.8%) 🔸 Weekly Key Zones Supply (Short Trap): 3350–3439 → heavy confluence, short bias unless W1 closes above 3439 Primary Demand: 3220–3285 → ideal for news-driven long Deep Discount (Long Only if Panic): 2960–3050 🎯 Strategy Summary Short Setup: Target 3350–3439 → wait for rejection after news Long Setup: Target 3220–3285 or deeper Look for wick rejections + bullish structure reclaim Avoid: 3285–3350 → indecision zone 🧭 Daily Zones Sell Zone: 3345–3415 → trap area with FVG + Fib + EMA confluence Buy Zones: 3290–3320 (primary) 3240–3270 (deeper) 3000–3140 (only if USD spikes) ⏱ H4 + Intraday Bias Bias: Bearish below 3350 Short Zones: 3365–3405 (rejection only) 3355 (flip zone) Buy Zones: 3290–3310 (reclaim setup) 3250–3280 (panic flush) 📌 Key Intraday Levels Resistance: 3405, 3385, 3375–3350, 3350–3340 Support: 3314–3302, 3289–3272, 3260, 3240 ⚠️ Final Execution Notes Stay out of 3340–3326 zone – it’s chop Wait for confirmation candles (engulfing, pin bars, OB reactions) Discipline over prediction. Sniper mode only. Disclaimer: For educational context only.
FOREXCOM:XAUUSDLong
by FX_Scrubbs
GOLD recovers after many days of declineOANDA:XAUUSD has recovered after several days of declines. Investors will focus on the Federal Reserve's interest rate decision on Wednesday, which is expected to cause significant market volatility. Gold hit a three-week low of $3,301 an ounce on Monday, before recovering somewhat on Tuesday after falling for a fourth straight day as the dollar erased some of its earlier gains, boosting demand for the precious metal. Falling US Treasury yields and a weak US jobs report also prompted investors to buy gold. Data released by the U.S. Labor Department on Tuesday showed the number of jobs added fell in June after two straight months of gains. The number of jobs added in June fell to 7.44 million from a revised 7.71 million in May. The median forecast of economists in a survey was 7.5 million. Focus on the Federal Reserve's decision The Federal Reserve will announce its interest rate decision at 01:00 IST on Thursday; Federal Reserve Chairman Powell will hold a press conference on monetary policy at 01:30 IST on the same day. The market generally expects the Federal Reserve to keep interest rates unchanged, with the focus on whether Fed Chairman Powell's speech will provide any clues about the timing or pace of future rate cuts. The market sees a very low chance of a rate cut in July and a roughly 40% chance of another rate cut in September, up from about 10% last month, according to the Chicago Mercantile Exchange's FedWatch tool. Investors will be closely watching the statement and Fed Chairman Powell's remarks at his post-meeting press conference for fresh clues on the timing of the next rate cut. - If Powell opens the door to a rate cut in September, citing the recent trade deal as a reason to ease uncertainty, US Treasury yields could fall immediately, paving the way for gold prices to rise. - On the other hand, if Powell avoids committing to a rate cut at this meeting, citing recent rising inflation data, gold prices could fall. Gold typically performs well in low-interest-rate environments because it does not pay interest and its appeal increases when returns from other assets decline. Technical Outlook Analysis OANDA:XAUUSD Gold has recovered from the key $3,300 price point and is holding above $3,310, which is also the nearest support. However, the current recovery is not technically enough to create a short-term uptrend, or conditions for a sustained price increase. In terms of position, gold is under pressure with the 21-day EMA as the nearest resistance at around $3,340 – $3,350. If gold falls below the 0.382% Fibonacci retracement level, it will be eligible to open a new downtrend with a target of around $3,246 in the short term, more than the 0.50% Fibonacci retracement level. On the other hand, RSI is below 50, and the current 50 level acts as momentum resistance in the short term. If RSI slopes down, it will signal bearish momentum with more downside ahead. For gold to qualify for bullish expectations, it needs to at least push price action above EMA21, then retrace back to the price channels and finally break above the 0.236% Fibonacci retracement level to confirm bullish conditions. The upside target could be towards $3,400 in the short term, more like $3,430 – $3,450. For the day, the technical outlook for gold prices tends to lean more towards the downside, with the following notable points listed. Support: 3,310 – 3,300 – 3,292 USD Resistance: 3,340 – 3,350 – 3,371 USD SELL XAUUSD PRICE 3376 - 3374⚡️ ↠↠ Stop Loss 3380 →Take Profit 1 3368 ↨ →Take Profit 2 3362 BUY XAUUSD PRICE 3280 - 3282⚡️ ↠↠ Stop Loss 3276 →Take Profit 1 3288 ↨ →Take Profit 2 3294
OANDA:XAUUSDShort
by Xayah_trading
2
Gold's Strong Moves: Will the Bears Take Over?Hello everyone, Kevinn here! Today, gold continues to experience significant fluctuations in the new week, with XAU/USD currently hovering around 3,325 USD. Amid the strong rise of the USD, the gold market has seen a sharp adjustment. However, the medium-term trend still seems to favor the bears. The main reason for the turbulence in gold prices is the strengthening of the U.S. dollar, following strong economic news from the U.S. that points to a clear recovery. The stronger USD has made gold more expensive for international investors. Additionally, the market is awaiting further moves from the Fed regarding interest rate policies, which is limiting the flow of capital into gold. Looking at the technical chart, we can see that although gold has shown a slight uptick, bearish pressures are still lurking. Indicators and patterns suggest that gold may break its rising price channel, with a high likelihood of further declines. The next support level could be around 3,310 USD, and if broken, gold may continue to fall toward 3,300 USD or lower. Based on the signals from the chart, ENTRY 1 strategy would be to sell when the price breaks the upward channel. Additionally, if the price pulls back to the upper limit zone, ENTRY 2 could present another potential selling point. For today's strategy, I expect gold to decrease. What do you think? Share your thoughts in the comments!
OANDA:XAUUSDShort
by Kevinn_Nguyen
18
GOLD prep work to ATH retap has started. seed at 3270!First thing first. Diagram above is in reverse metrics (USDXAU) -------- GOLD, has been met with some well deserved respite on price growth after a series of parabolic highs this past few weeks. And this healthy trims are warranted in the grand scheme of things -- to sustain its upward trajectory. A price rest is definitely welcomed. Now based on our latest daily metrics, gold is showing some low key hints of shift -- it may not be visible to 99% of traders -- but it is there now to magnify. Diagram above is in reverse metrics (USDXAU). It is currently showing some pressure expansion for bears and hinting of prep work to reverse. This is a precursor of a massive structure change-- for that elusive upside continuation. On the daily metrics, we got some hop signals here as well from -- first one in a while. Price baselines detaching itself from the descending trend line. There maybe something here now. A good zone to seed on the most discounted bargain levels -- with safety. Spotted at 3260. Interim mid target: ATH at 3500 Long term. 4k++ Trade safely. TAYOR.
OANDA:XAUUSDLong
by JSAL
Gold’s Next Move: Bounce or Breakdown?Gold is pulling back after breaking the 3,360 USD resistance on the 6-hour chart. Price is currently testing the nearest fair value gap (3,370–3,380), but upside momentum is stalling, partly due to unfilled supply zones above. A retest of the lower FVG near 3,340 will be key. Holding above this level could trigger renewed buying, while a break below may invalidate the bullish structure. Traders should closely monitor whether downside gaps continue to fill and how price behaves near support zones. Lack of strong liquidity could lead to a false breakout.
OANDA:XAUUSD
by EmmaChartist
11
XAU/USD Trendline Breakout (30.07.2025)The XAU/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Trendline Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position around Trendline Of The Pattern. Target Levels: 1st Resistance – 3360 2nd Resistance – 3377 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDLong
by KABHI_TA_TRADING
31
Platinum: Breaking the Supply Barrier?I'm adding a second Platinum position. Price has hit a strong weekly supply area, also a significant monthly supply zone. I'm anticipating a reversal here, as non-commercial holdings are decreasing, and seasonal patterns suggest a potential trend change. To further capitalize on potential upside, I've placed a pending order above the primary supply zone, at a slightly higher, but still relevant. These are older, established and fresh supply zones. (Note: Reducing the chart size may help to better visualize the long-term significance of these overlapping areas.) ✅ Please share your thoughts about PL1! in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
NYMEX:PL1!Short
by FOREXN1
1
Copper: Trump Signs Tariffs on Imports Amid National Security...President Donald Trump signed a proclamation on Wednesday that imposes tariffs on copper imports, citing concerns over national security. The White House announced that the new policy will introduce a 50% tariff on semi-finished copper products and other copper-derived goods that are highly dependent on the metal. These tariffs are scheduled to come into effect on August 1, as outlined in a White House fact sheet. In terms of market dynamics, copper is currently within a monthly demand zone, with a daily demand area also identified for setting pending orders. The potential impact on prices could be twofold: a possible upward movement driven by the discount effect on the metal, or continued decline following President Trump's announcement. What are your thoughts on how these tariffs might influence copper prices moving forward? ✅ Please share your thoughts about HG1! in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
COMEX:HG1!Long
by FOREXN1
4