🔔🔔🔔Gold news:
➡️ Gold (XAU) continued to decline on Friday, hitting a seven-day low of $3,015 before recovering slightly following a speech by Federal Reserve (Fed) Chair Jerome Powell, who warned that inflation could reaccelerate due to tariffs. XAU/USD is trading at $3,037, down 2.70%.
➡️ Financial markets remain volatile as the trade war between the United States and China intensifies. Additionally, Powell dampened expectations of Fed easing, stating that tariffs could impact the U.S. economy by slowing growth and pushing inflation higher.
Personal opinion:
➡️ XAU/USD is under pressure from Powell's hawkish tone. But there are also concerns that Trump's retaliatory tariffs could dampen global economic growth and trigger a U.S. recession. Therefore, it would be prudent to wait for a sharp sell-off before confirming that XAU/USD has topped and positioning for a deeper corrective decline.
➡️ Look at the Strong Technical Zones to Get the Best Profit for You
Resistance Zone: 3075 – 3108 - 3133
Support Zone: 3000 - 2953 - 3060
FM wishes you a successful trading Week 💰💰💰
➡️ Gold (XAU) continued to decline on Friday, hitting a seven-day low of $3,015 before recovering slightly following a speech by Federal Reserve (Fed) Chair Jerome Powell, who warned that inflation could reaccelerate due to tariffs. XAU/USD is trading at $3,037, down 2.70%.
➡️ Financial markets remain volatile as the trade war between the United States and China intensifies. Additionally, Powell dampened expectations of Fed easing, stating that tariffs could impact the U.S. economy by slowing growth and pushing inflation higher.
Personal opinion:
➡️ XAU/USD is under pressure from Powell's hawkish tone. But there are also concerns that Trump's retaliatory tariffs could dampen global economic growth and trigger a U.S. recession. Therefore, it would be prudent to wait for a sharp sell-off before confirming that XAU/USD has topped and positioning for a deeper corrective decline.
➡️ Look at the Strong Technical Zones to Get the Best Profit for You
Resistance Zone: 3075 – 3108 - 3133
Support Zone: 3000 - 2953 - 3060
FM wishes you a successful trading Week 💰💰💰
Trade active
The selling pressure is too strong, touching the support zone of 2975 and bouncing strongly, everyone pay attention to trading
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
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.