Gold strategy today, I hope it will be helpful to you
On May 29, the U.S. Court of Appeals for the Federal Circuit approved the Trump administration's request to temporarily suspend a previous ruling by the U.S. Court of International Trade that had prohibited the implementation of the Trump administration's executive order imposing tariffs on multiple countries under the International Emergency Economic Powers Act. This news could have significant implications for the global economy and financial markets, and for the gold market, it represents a potential major bullish factor.
When global economic uncertainty increases, investors often seek safe-haven assets to protect their wealth. As a traditional safe-haven asset, gold demand is likely to rise significantly. On one hand, the escalation of trade friction may lead to higher global inflation expectations, and gold's inflation-hedging properties enable it to maintain its value in inflationary environments, which could attract large numbers of investors to buy gold. On the other hand, the escalation of market risk aversion will prompt investors to shift from risky assets to safe-haven assets like gold, driving gold prices higher.
Gold strategy today, I hope it will be helpful to you
XAUUSD BUY@3315~3320
SL3300
TP1:3330~3335
