India-Pak ceasefire & China-US talks will trigger gold decline

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Trade Tensions Ease and Safe-Haven Demand Cools 😎
Progress in China-US Economic and Trade Talks
The high-level economic and trade talks between China and the US held in Geneva, Switzerland have achieved substantial progress 🎉! Both sides have agreed to establish a regular consultation mechanism and plan to issue a joint statement 📄. This progress has significantly alleviated market concerns about the escalation of trade frictions, causing a sharp decline in the safe-haven demand for gold 💸.
Geopolitical Risks Mitigated
India - Pakistan Conflict : India and Pakistan have reached a comprehensive ceasefire agreement 🤝! Tensions in the region are finally calming down, further weakening the safe-haven appeal of gold 👀.
Russia - Ukraine Conflict : The two sides of Russia and Ukraine are likely to restart negotiations on May 15 🤝. This positive development is easing the situation and dampening the demand for gold as a safe-haven asset 📉.
Middle East Situation : The situation in the Middle East (such as the negotiations between the US and Iran) has also eased 🌮. Great news for stability, but not so great for gold's safe-haven status ⚖️.

With all these factors at play, Suggest going short on the rebound 💰! Seize the opportunity while the market trends downward ⬇️.

⚡️⚡️⚡️ XAUUSD ⚡️⚡️⚡️

🚀 Sell@3300 - 3290
🚀 TP 3260 - 3240

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