Gold Hits New Highs as US-China Tensions Escalate 📌 Gold Outlook: US-China Trade Tensions Fuel New Bullish Wave Amid Policy Uncertainty 🧨📈
🌍 Geopolitical Drivers Taking the Lead
On April 15th, President Donald Trump ordered an investigation into potential tariffs on all critical minerals imported into the U.S. – a move seen as the latest escalation in his ongoing economic confrontation with global trade partners, most notably China.
This development has shaken overall market sentiment, prompting investors to rotate into safe-haven assets like gold, which has surged in response.
At the same time, the U.S. Dollar weakened sharply, nearing 3-year lows last week, further increasing gold’s appeal for holders of other currencies.
🏦 Central Bank Uncertainty Adds Fuel to the Fire
Fed Chairman Jerome Powell stated that the central bank would not intervene to “rescue” markets during turbulent periods, suggesting that volatility may persist as hedge funds unwind leverage and global investors remain cautious.
He emphasized that the current volatility may be driven by shifting trade policies and broader uncertainty — which he said is “too early to fully diagnose.”
With central banks showing no immediate intent to inject liquidity or cut rates, the bullish case for gold remains strong in the coming weeks.
📊 Technical Outlook: New Highs in Sight, But Volatility Will Be Sharp
Gold continues to print new ATHs, and the dominant strategy right now is to trade with the trend — which clearly remains bullish. In such an environment, sudden drops are normal and not necessarily tied to any single news event.
Rather than attempting to short the market near highs, we are focusing on catching bullish continuation setups after sharp intraday corrections. These will likely form at support zones or classic continuation patterns on M15/M30 timeframes.
🔍 Price Levels to Watch
🟢 Support Zones:
3314 – 3300 – 3284 – 3266
🔴 Psychological Resistance:
3380 – 3396 – 3410
💼 Trade Plan
BUY ZONE:
Entry: 3300 – 3298
SL: 3264
TP Targets: 3304 → 3308 → 3312 → 3316 → 3320 → 3324 → 3330 → higher
SELL ZONE (Psychological Reaction Only):
Entry: 3396 – 3398
SL: 3402
TP Targets: 3392 → 3388 → 3384 → 3380 → 3376 → 3370
⚠️ Final Thoughts
We remain firmly buy-biased, especially as gold continues to be driven by macro and political catalysts. Pullbacks should be welcomed — not feared — and seen as opportunities to scale into longs at structure.
While intraday drops may appear sharp and sudden, they often lack fundamental backing and provide the best entry conditions for continuation traders. Be cautious with shorts — unless reacting to extended psychological resistance zones.
Always trade with a clear plan and never forget to honor your TP/SL levels to safeguard your capital.
💬 How are you navigating gold during this surge in global tension? Are you buying dips or waiting for a deeper correction? Let us know below! 👇👇👇
