Over the weekend, Trump announced a pause on tariffs for popular consumer electronics, prompting gold to gap down to 3210 at today’s open;
✅ Our recommended short entries at 3230–3260 are already in profit;
New semiconductor tariff announcements are due during the U.S. session today — the key driver for gold’s next move;
Given the fragile U.S. political/economic backdrop, escalating tariff conflict is unlikely, increasing the chance of bearish impact on gold;
With gold already trading at a premium, any "tariff relief" narrative will likely trigger speculative sell-offs;
If you're holding short positions, consider being patient — avoid premature exits due to emotional reaction to minor pullbacks.
Maintain key short entry zone: 3230 – 3260;
Expect gold to test below 3180 if market sentiment shifts
✅ Our recommended short entries at 3230–3260 are already in profit;
New semiconductor tariff announcements are due during the U.S. session today — the key driver for gold’s next move;
Given the fragile U.S. political/economic backdrop, escalating tariff conflict is unlikely, increasing the chance of bearish impact on gold;
With gold already trading at a premium, any "tariff relief" narrative will likely trigger speculative sell-offs;
If you're holding short positions, consider being patient — avoid premature exits due to emotional reaction to minor pullbacks.
Maintain key short entry zone: 3230 – 3260;
Expect gold to test below 3180 if market sentiment shifts
Trade active
Today, gold rebounded but faced strong resistance near the previous high, failing to break through, and then fell below the 3200 level, securing profits for short positions.Technically, there's a short-term need for a rebound, but the broader trend remains intact.
📌 Key Focus remains on the resistance zone near the previous high. If tested again and fails to break, bearish momentum is likely to continue.
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Objective market analysis, accurate trading signals, welcome everyone to join and experience the fun of making money
t.me/+3slQbdahSmJmOTE0
t.me/+3slQbdahSmJmOTE0
Related publications
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.