⭐️Fundamental Analysis
The market is concerned about the risk of a global tariff war that seems inevitable. US President Donald Trump affirmed to impose 25% tariffs on Canada, Mexico and increase tariffs on China to 20%, leading to retaliatory measures from China and Canada, which could escalate into a full-blown trade war.
In addition, Trump suspended military aid to Ukraine, causing tensions with European allies. The market continues to monitor the upcoming US employment data, which could impact the Fed's interest rate policy, affecting the USD and gold prices.
⭐️Technical Analysis
Today's price range is focused on 2905 and 2877. The Dow trend will still be prioritized when Gold finds it difficult to close above important resistance zones. The Sell zones of 2905 and 2918 are heavily concentrated by sellers today. The furthest target of the week for gold will be to touch the bottom of last week around 283x. Pay attention to important price levels to have a reasonable BUY and SELL strategy.
The market is concerned about the risk of a global tariff war that seems inevitable. US President Donald Trump affirmed to impose 25% tariffs on Canada, Mexico and increase tariffs on China to 20%, leading to retaliatory measures from China and Canada, which could escalate into a full-blown trade war.
In addition, Trump suspended military aid to Ukraine, causing tensions with European allies. The market continues to monitor the upcoming US employment data, which could impact the Fed's interest rate policy, affecting the USD and gold prices.
⭐️Technical Analysis
Today's price range is focused on 2905 and 2877. The Dow trend will still be prioritized when Gold finds it difficult to close above important resistance zones. The Sell zones of 2905 and 2918 are heavily concentrated by sellers today. The furthest target of the week for gold will be to touch the bottom of last week around 283x. Pay attention to important price levels to have a reasonable BUY and SELL strategy.
Trade active
Resistance 2918 + 100 pipsTrade closed: target reached
price reaction 2918 to 2902
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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.
JOIN OUR FREE TELEGRAM GROUP t.me/+HARBQ2pBFaI5ZjI1
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
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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.