Trump’s auto tariff relief and trade talk progress (Reuters) eased safe-haven demand, with DXY rising above 100 confirm gold below $3,315.
Trading Setup:
Bearish Breakout Setup (Support Break)
Condition: Price breaks below $3,236-$3,234 with a bearish candlestick on 15M/1H, confirmed by volume. Triggered if tariff relief or USD strength persists
Entry: Sell at $3,237 (15M close below $3,240.62).
Target:
Short-Term: $3,222.96
Extended: $3,202.70
Bullish Reversal Setup (Support Bounce)
Condition: Price holds above $3,243.23-$3,240.62 with a bullish candlestick (e.g., hammer, bullish engulfing) on 15M/1H, backed by volume spike. Triggered if tariff escalation or USD weakness news hits (e.g., China rejects talks).
Entry: Buy at $3,243 (post-confirmation, 15M close above $3,240).
Target:
Short-Term: $3,260.00
Extended: $3,272
Stop-Loss: $3,236
Trading Setup:
Bearish Breakout Setup (Support Break)
Condition: Price breaks below $3,236-$3,234 with a bearish candlestick on 15M/1H, confirmed by volume. Triggered if tariff relief or USD strength persists
Entry: Sell at $3,237 (15M close below $3,240.62).
Target:
Short-Term: $3,222.96
Extended: $3,202.70
Bullish Reversal Setup (Support Bounce)
Condition: Price holds above $3,243.23-$3,240.62 with a bullish candlestick (e.g., hammer, bullish engulfing) on 15M/1H, backed by volume spike. Triggered if tariff escalation or USD weakness news hits (e.g., China rejects talks).
Entry: Buy at $3,243 (post-confirmation, 15M close above $3,240).
Target:
Short-Term: $3,260.00
Extended: $3,272
Stop-Loss: $3,236
Trade active
Buy trade activated and Short term target done 170 pipsTrade closed: target reached
TP done 300++ pips
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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.
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.