Gold Retreats After Trump Confirms China Talks 📌 Gold Retreats After Trump Confirms China Talks – Political Noise Drives Volatility 🧨📉
Gold (XAU/USD) saw a sharp intraday drop following comments from President Trump, who confirmed that trade talks with China are “ongoing” — despite China denying any official negotiations had taken place. The market interpreted this as a signal of de-escalation, prompting a short-term price correction.
Gold had previously rallied past $3,500/oz, supported by a weaker USD and strong demand from bargain hunters after last week’s sharp decline. However, the current political contradictions and tariff headlines are creating erratic moves across all asset classes.
🌍 Fundamental Context
The USD weakened, stocks lost momentum, and risk sentiment shifted after a confusing round of statements from the US and China.
Meanwhile, US jobless claims rose slightly, reflecting a resilient labour market amid tariff-related headwinds.
Today’s Core Retail Sales data in the US could add more volatility heading into the weekly candle close.
It’s Friday — expect possible liquidity sweeps and aggressive price spikes as the market prepares for weekend risk-off moves.
📊 Trading Outlook – 26 April
We're seeing signs of a tactical pullback, but long setups should be delayed until political headlines stabilise. Focus on intraday reaction zones — not aggressive positioning.
🔻 SELL ZONES
3384 – 3386
• SL: 3390
• TP: 3380 → 3376 → 3372 → 3368 → 3364 → 3360 → ???
3406 – 3408
• SL: 3412
• TP: 3400 → 3396 → 3392 → 3388 → 3384 → 3380 → 3370 → 3360
🟢 BUY ZONES
3288 – 3286
• SL: 3282
• TP: 3292 → 3296 → 3300 → 3304 → 3310
3270 – 3268
• SL: 3264
• TP: 3274 → 3278 → 3282 → 3286 → 3290
🛡️ Final Notes & Strategy
Avoid rushing BUY entries — allow Price to complete its corrective phase and wait for structure and confirmation.
Today’s Core Retail Sales (US) could trigger a fresh wave of volatility.
It’s also weekly close Friday, so prepare for potential false breaks and stop hunts.
✅ Stick to your TP/SL. Protect your capital first — clarity will come when the dust settles.
💬 Are you watching for a short-term bounce or planning to fade strength near resistance? Let us know in the comments below! 👇👇👇
