1. The geopolitical powder keg of Russia and Ukraine continues to detonate gold prices
According to Refinitiv, US President Trump's latest statement called Russian President Putin "completely crazy" and considered imposing new sanctions on Moscow. This remark is like pouring a bucket of oil on the already tense situation between Russia and Ukraine. Russia launched large-scale air strikes on Ukraine for three consecutive nights, including launching 355 drones and 9 cruise missiles in a single day, setting a record since the war. This military escalation directly stimulated safe-haven demand, so that gold prices always get strong support when they fall.
2. The weak dollar and the extension of tariffs constitute a double support
The US dollar index fell to a four-week low of 99.69 on Monday, providing natural support for gold denominated in US dollars. More importantly, Trump suddenly postponed his threat to impose a 50% tariff on EU goods, extending the deadline from June 1 to July 9. Although this policy turnaround temporarily suppressed risk aversion, it suggested that the US-EU trade dispute is far from over.
3. The rise of the euro hides new opportunities for gold.
The speech of European Central Bank President Lagarde on the "Global Euro Moment" may be underestimated by the market. She clearly stated that if the financial security architecture of the euro zone is strengthened, the euro may become a substitute for the US dollar. If this trend of de-dollarization continues, it will shake the existing monetary system, and the value of gold as a non-sovereign credit asset will be revalued.
4. The shadow of the nuclear crisis looms over the market.
Iran has made a tough statement that it will "never give in on uranium enrichment activities". The fierce differences between Israeli Prime Minister Netanyahu and Trump on the Iranian issue have been exposed. In addition, the Hamas ceasefire plan has fallen into a Rashomon. The global geopolitical powder keg of the Middle East may explode at any time. This structural risk is difficult to eliminate through short-term negotiations, providing long-term support for gold.
Key signals of gold technical aspects and capital flows
From the disk, the gold price has formed a strong support near $3,320, and each downward exploration can attract a large number of buyers to intervene. The $3,340-3,350 range has become the focus of the battle between long and short positions. Breaking through this area may open up new upward space. It is worth noting that despite the sluggish trading caused by the closure of the U.S. stock market, the rebound of the European stock market did not significantly weaken the attractiveness of gold, indicating that the current market's risk aversion demand is quite deep and persistent.
The gold market is standing at the intersection of multiple driving forces: in the short term, the situation between Russia and Ukraine and the progress of the U.S.-EU trade negotiations will dominate the fluctuations; in the medium term, the currency game between the U.S. dollar and the euro and the evolution of the Middle East nuclear crisis will determine the direction; in the long term, the global de-dollarization process and the reconstruction of the geopolitical landscape may bring about a greater revaluation of gold. For investors, the position above $3,300 may only be the starting point of a new round of market conditions, and any pullback may become a good opportunity for layout. In this era full of uncertainty, the light of gold will only become more dazzling.
GOLD XAUUSD XAUUSD XAUUSD XAUUSD XAUUSD
According to Refinitiv, US President Trump's latest statement called Russian President Putin "completely crazy" and considered imposing new sanctions on Moscow. This remark is like pouring a bucket of oil on the already tense situation between Russia and Ukraine. Russia launched large-scale air strikes on Ukraine for three consecutive nights, including launching 355 drones and 9 cruise missiles in a single day, setting a record since the war. This military escalation directly stimulated safe-haven demand, so that gold prices always get strong support when they fall.
2. The weak dollar and the extension of tariffs constitute a double support
The US dollar index fell to a four-week low of 99.69 on Monday, providing natural support for gold denominated in US dollars. More importantly, Trump suddenly postponed his threat to impose a 50% tariff on EU goods, extending the deadline from June 1 to July 9. Although this policy turnaround temporarily suppressed risk aversion, it suggested that the US-EU trade dispute is far from over.
3. The rise of the euro hides new opportunities for gold.
The speech of European Central Bank President Lagarde on the "Global Euro Moment" may be underestimated by the market. She clearly stated that if the financial security architecture of the euro zone is strengthened, the euro may become a substitute for the US dollar. If this trend of de-dollarization continues, it will shake the existing monetary system, and the value of gold as a non-sovereign credit asset will be revalued.
4. The shadow of the nuclear crisis looms over the market.
Iran has made a tough statement that it will "never give in on uranium enrichment activities". The fierce differences between Israeli Prime Minister Netanyahu and Trump on the Iranian issue have been exposed. In addition, the Hamas ceasefire plan has fallen into a Rashomon. The global geopolitical powder keg of the Middle East may explode at any time. This structural risk is difficult to eliminate through short-term negotiations, providing long-term support for gold.
Key signals of gold technical aspects and capital flows
From the disk, the gold price has formed a strong support near $3,320, and each downward exploration can attract a large number of buyers to intervene. The $3,340-3,350 range has become the focus of the battle between long and short positions. Breaking through this area may open up new upward space. It is worth noting that despite the sluggish trading caused by the closure of the U.S. stock market, the rebound of the European stock market did not significantly weaken the attractiveness of gold, indicating that the current market's risk aversion demand is quite deep and persistent.
The gold market is standing at the intersection of multiple driving forces: in the short term, the situation between Russia and Ukraine and the progress of the U.S.-EU trade negotiations will dominate the fluctuations; in the medium term, the currency game between the U.S. dollar and the euro and the evolution of the Middle East nuclear crisis will determine the direction; in the long term, the global de-dollarization process and the reconstruction of the geopolitical landscape may bring about a greater revaluation of gold. For investors, the position above $3,300 may only be the starting point of a new round of market conditions, and any pullback may become a good opportunity for layout. In this era full of uncertainty, the light of gold will only become more dazzling.
GOLD XAUUSD XAUUSD XAUUSD XAUUSD XAUUSD 
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Good at solving all trading problems, doubling the account in a week, and making a stable profit of 300% in a month
🚀Private VIP: t.me/HenryDovitt
👍Market exclusive signal: t.me/Henryffjyfylffc108
🚀Private VIP: t.me/HenryDovitt
👍Market exclusive signal: t.me/Henryffjyfylffc108
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.