Close but no cigar”, it seems for President Trump again. Several traders and analysts are wary of the conceived trade deal with China, which is only a 90-day relief. Besides reducing tariffs for 90 days, there are no fundamental elements for markets to cling to, such as forward dates for negotiations, topics, additional numbers, or anything material to see a continuation of momentum. It makes sense for experienced traders to remain cautious and buy securities such as Gold after Monday’s correction.
Xauusd buy 3252
Support 3298
Support 3325
Resistance 3206
Resistance 3177
Xauusd buy 3252
Support 3298
Support 3325
Resistance 3206
Resistance 3177
Trade active
Resistance 250 pips done 👍Trade closed: target reached
Gold now buy Note
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Gold signal
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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.