Trump's remarks have sent shockwaves through financial markets and had a substantial impact on gold prices😰! He declared that he would not dismiss Fed Chair Powell, yet simultaneously called for interest rate cuts. His prior threats to remove Powell had stoked fears among investors regarding the Federal Reserve's policy, compelling them to turn to gold as a safe haven, which caused the price of gold to soar🚀. However, his most recent statement alleviated investors' concerns, leading funds to flow back into dollar - denominated assets and causing gold to decline from its peak levels📉
When it came to trade, Trump showed signs of leniency during the talks with China, aiming to reach a swift agreement that would reduce tariffs by 145% (although not to zero)🤝. The past unpredictability in trade relations had driven up the price of gold, and potential future easing measures might dampen the demand for gold as a safe haven asset⏳
Currently, the upward movement of XAU/USD has been put on hold⏸️. A large amount of capital has rushed into the virtual currency market, resulting in a significant surge in the price of BTC📈
⚡⚡⚡ XAUUSD ⚡⚡⚡
🚀 Sell@3300 - 3280
🚀 TP 3260 - 3240 - 3220 -3200
The market has been extremely volatile lately 📈📉 If you can't figure out the market's direction, you'll only be a cash dispenser for others 💰
When it came to trade, Trump showed signs of leniency during the talks with China, aiming to reach a swift agreement that would reduce tariffs by 145% (although not to zero)🤝. The past unpredictability in trade relations had driven up the price of gold, and potential future easing measures might dampen the demand for gold as a safe haven asset⏳
Currently, the upward movement of XAU/USD has been put on hold⏸️. A large amount of capital has rushed into the virtual currency market, resulting in a significant surge in the price of BTC📈
⚡⚡⚡ XAUUSD ⚡⚡⚡
🚀 Sell@3300 - 3280
🚀 TP 3260 - 3240 - 3220 -3200
The market has been extremely volatile lately 📈📉 If you can't figure out the market's direction, you'll only be a cash dispenser for others 💰
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.
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.