Impact of Trump's tariff policy If the increase in tariffs exceeds expectations (such as equal +25%), it will intensify risk aversion and directly push up gold. If the magnitude is moderate, gold prices may correct in the short term, but they will still receive support in the medium and long term (policies slow down global economic recovery, manufacturing is under pressure, and safe-haven demand is solid).
Technical points: Resistance level: 3140, the next target after breaking through is 3160-3180. Support level: 3100, if it fails, look down to 3080.
Intraday rhythm forecast If it continues to stand above 3120 and breaks through 3140, the probability of long continuation is high.
Long strategy Entry conditions: Find a position above 3125 to go long Target: 3160-3180, stop loss 3125
Short strategy Entry conditions: Find a position to short below 3150 Target: 3120-3100, stop loss 3150.
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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.