Gold Spot / U.S. Dollar
Long
Updated

Geopolitical risks ease, trade progresses: Gold short-term volat

321
India and Pakistan have declared a full ceasefire😮, while news has emerged that Russia and Ukraine will observe a 30-day ceasefire. With the cooling of geopolitical risks, gold’s appeal as a safe-haven asset has diminished. Additionally, high-level economic and trade talks between China and the U.S. in Geneva, Switzerland, have made substantive progress, with most market participants believing the tariff war is nearing an end—further dampening gold’s safe-haven demand.

The market has seen two consecutive days of massive volatility: a surge of $100 on Thursday, followed by a plunge of $100 on Friday, creating a "double kill" for both bulls and bears, which is clearly a capital-driven washout. Currently, the 3120 level still shows a relatively obvious supporting effect. Due to ongoing international relations issues, gold remains in a long-term bullish trend. Traders can continue to take small long positions near 3120šŸ˜Ž.

āš”ļøāš”ļøāš”ļø XAUUSD āš”ļøāš”ļøāš”ļø

šŸš€ Buy@3120 -3130
šŸš€ TP 3230 - 3260

Accurate signals are updated every day šŸ“ˆ If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟 šŸ‘‡

Trade active
As we analyzed, it has bottomed out and rebounded, and may continue to rise

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.