Trump announced in April that he would impose a basic tariff rate of 10% on most countries and a tariff of up to 50%, but later postponed the effective date of all tariffs except the 10% to July 9.
Trump said on Sunday that the United States is about to finalize several trade agreements in the next few days and will notify other countries of the tariff increase before July 9, and the increased tariff rate will take effect on August 1.
Affected by this, gold opened today and began to fall from around 3340, and has been fluctuating around 3300 so far.
From the weekly perspective, the gold price did not stand above the weekly average of 3340 last week, and is still in the arrangement of a bearish trend.
At the same time, the daily chart also shows a trend of a head and shoulders top pattern. As long as the gold price cannot rise, the head and shoulders top pattern will be fully formed, and a sharp decline will occur at that time, and there is even a possibility of falling to 3200.
At present, the more important support below is around 3280, so you can wait for a rebound and then choose to sell at a high position. If there is no rebound, look at the support at 3280 and consider whether to enter a long position.
✅The specific operation is as follows:
3320-3325 Sell
TP1:3300
TP2:3280
3280 Buy
TP1:3300
TP2:3320
📣More detailed real-time trading strategies will be released on my channel.
🟢Go get it now! 👇👇👇
Trump said on Sunday that the United States is about to finalize several trade agreements in the next few days and will notify other countries of the tariff increase before July 9, and the increased tariff rate will take effect on August 1.
Affected by this, gold opened today and began to fall from around 3340, and has been fluctuating around 3300 so far.
From the weekly perspective, the gold price did not stand above the weekly average of 3340 last week, and is still in the arrangement of a bearish trend.
At the same time, the daily chart also shows a trend of a head and shoulders top pattern. As long as the gold price cannot rise, the head and shoulders top pattern will be fully formed, and a sharp decline will occur at that time, and there is even a possibility of falling to 3200.
At present, the more important support below is around 3280, so you can wait for a rebound and then choose to sell at a high position. If there is no rebound, look at the support at 3280 and consider whether to enter a long position.
✅The specific operation is as follows:
3320-3325 Sell
TP1:3300
TP2:3280
3280 Buy
TP1:3300
TP2:3320
📣More detailed real-time trading strategies will be released on my channel.
🟢Go get it now! 👇👇👇
Trade active
Gold rebounded as expected, reaching the 3325 Sell position
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🟢Join the free Telegram group:
t.me/Reliable_Trading0
🟡Contact me to copy trading:
t.me/Reliable_Trading1
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.
📣More detailed real-time trading strategies will be released in the channel, welcome to join and get them
🟢Join the free Telegram group:
t.me/Reliable_Trading0
🟡Contact me to copy trading:
t.me/Reliable_Trading1
🟢Join the free Telegram group:
t.me/Reliable_Trading0
🟡Contact me to copy trading:
t.me/Reliable_Trading1
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.