Trading Strategy (XAUUSD) April 3, 2025On Wednesday, Trump announced he would impose a 10% base tariff on all imports into the United States and higher tariffs on dozens of other countries, including some of America's largest trading partners, deepening a trade war that has shaken global markets and rattled U.S. allies. The Trump administration also confirmed that his 25% global auto and truck tariffs will take effect as scheduled on April 3, and tariffs on imported auto parts will be imposed on May 3.
XAUUSD trading strategy around the price zone:
SELL XAUUSD around 3175-3177
Stoploss: 3182
Take Profit 1: 3168
Take Profit 2: 3162
Take Profit 3: 3157
BUY XAUUSD around 3128-3130
Stoploss: 3123
Take Profit 1: 3135
Take Profit 2: 3141
Take Profit 3: 3148
Note: Always set Stoploss in all cases to be safe