XAUUSD closed inside the range 2970 - 3060 and has all chances to strengthen as the situation between the USA and China is only getting hotter, which creates additional risks. 
Gold continues to rally from its recent low of $2,957, back above the $3,000 level amid a weaker dollar and a pause in rising US bond yields. The market is reacting to escalating trade tensions between the US and China, including the threat of new 50% tariffs and possible countermeasures by Beijing. Strengthening expectations of Fed rate cuts and recovering risk appetite also support gold's growth, but the instability of global trade policy keeps investors uncertain.
At the moment the price is testing resistance at 3013 and after a small correction the assault may continue, and a break and consolidation above 3013 will open the way to 3033 - 3057.
Resistance levels: 3013, 3033, 3057
Support levels: 2996, 2981
The trade war and the complex, politician-dependent fundamental backdrop allows us to strategize relative to economic risk. Technically, we are pushing off the strong levels I have outlined for you. The overall situation hints that China will not just give up and Trump will not lose face. An escalation of the conflict could send gold higher.
The price may strengthen from 0.5 fibo, or from 3013
Regards R. Linda!
Trade active
Gold after a correction to 2981 reverses and reaches the zone of interest and liquidity. At the moment all attention to the resistance of the range
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🌹TRADING is a CASINO💔!?
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NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
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Disclaimer
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