XAUUSD: 3/4 Today's Market Analysis and StrategyGold technical analysis
Daily chart resistance 3200, support below 3100
Four-hour chart resistance 3170, support below 3100
One-hour chart resistance 3150, support below 3105.
Gold news analysis: For weeks, Trump has been claiming that April 2 is "Liberation Day", on which the United States will introduce large-scale reciprocal tariffs that may subvert the global trade system, and plans to announce this wave of new tariffs at 4 pm Eastern Time (in the Rose Garden of the White House). According to the Washington Post, Trump's aides are considering a plan to impose tariffs of about 20% on products from almost all countries, rather than targeting certain countries or certain products. According to the newspaper, the government expects the new tariffs to bring more than 6 Trillion dollars of income, these income can be returned to Americans in the form of tax refunds.
Gold operation suggestions: Gold consolidated yesterday and held the 3100 integer mark. Today, the Asian session opened and broke through. After reaching 3167.8, it began to turn downward and fell below the short-term long and short top and bottom conversion position of 3135.
From the current trend analysis, the short-term support below focuses on 3100-3105 on the one-hour/four-hour/daily chart. The daily level stabilizes above this position and continues to buy at a low level. Patiently wait for the retracement to buy. Short selling can only enter the market after the key support is lost.
Buy: 3120near SL:3115
Buy: 3105near SL:3099
Buy: 3100near SL:3095
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