The situation unfolded after President Donald Trump threatened to impose a 50% tariff on European goods starting June 1st—a move he later postponed to July 9th to allow more time for negotiations.
However, sentiment remains cautious as investors closely monitor global developments—including the growing U.S. budget deficit, ongoing trade negotiations, and geopolitical tensions in the Middle East and Ukraine—all of which could influence gold's appeal as a safe-haven asset.
Investors are currently awaiting the release of the latest FOMC meeting minutes on Wednesday and the PCE inflation data on Friday for further insight into the Federal Reserve’s interest rate outlook.
https://www.tradingview.com/x/JQjRvXdx/
XAUUSD Trading Strategy Around Key Price Levels:
SELL XAUUSD around 3363–3365
Stoploss: 3370
Take Profit 1: 3358
Take Profit 2: 3352
Take Profit 3: 3348
BUY XAUUSD around 3326–3328
Stoploss: 3320
Take Profit 1: 3332
Take Profit 2: 3338
Take Profit 3: 3342
Note: Always set a Stoploss in all situations for safety.
However, sentiment remains cautious as investors closely monitor global developments—including the growing U.S. budget deficit, ongoing trade negotiations, and geopolitical tensions in the Middle East and Ukraine—all of which could influence gold's appeal as a safe-haven asset.
Investors are currently awaiting the release of the latest FOMC meeting minutes on Wednesday and the PCE inflation data on Friday for further insight into the Federal Reserve’s interest rate outlook.
https://www.tradingview.com/x/JQjRvXdx/
XAUUSD Trading Strategy Around Key Price Levels:
SELL XAUUSD around 3363–3365
Stoploss: 3370
Take Profit 1: 3358
Take Profit 2: 3352
Take Profit 3: 3348
BUY XAUUSD around 3326–3328
Stoploss: 3320
Take Profit 1: 3332
Take Profit 2: 3338
Take Profit 3: 3342
Note: Always set a Stoploss in all situations for safety.
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🪙 JOIN OUR FREE TELEGRAM GROUP 🪙
t.me/tradingchampionschannelJoin the community group to get support and share knowledge!
️🥇 Exchange and learn market knowledge
️🥇 Support free trading signals
t.me/tradingchampionschannelJoin the community group to get support and share knowledge!
️🥇 Exchange and learn market knowledge
️🥇 Support free trading signals
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.