Gold Trend Before Tariffs Announced

4月2日

✍ ✍ ✍Gold news:

➡️ Gold prices fell on Tuesday as traders took profits while awaiting Liberation Day on April 2 in the United States, an event where President Donald Trump is expected to announce additional tariffs aimed at addressing trade deficit imbalances.

➡️ Market sentiment remains mixed, as reflected in U.S. stock markets. Investors are anticipating the latest U.S. tariffs set to be announced on Wednesday, with speculation that they will be applied globally and could reach up to 20%, according to The Washington Post.

Personal opinion:
➡️ The uptrend remains strongly reinforced as gold fails to break below the 3100 level. Currently, buyers are taking a break and watching tariff news, so a new ATH is unlikely. The market is expected to move in the range of 3100 - 3150, you should consider strong support - resistance zones to make the best profit

➡️ Analyze based on important support resistance levels and Volume profile combined with EMA to come up with a suitable strategy

Resistance zone: 3132 - 3148
Support zone: 3122 - 3113 - 3100

Plan:
🔆Price Zone Setup:

👉Buy Gold 3112 - 3114 (Scalping)
❌SL: 3109 | ✅TP: 3117 - 3120 - 3125

👉Sell Gold 3147- 3149
❌SL: 3154| ✅TP: 3143 – 3137 – 3130

👉Buy Gold 3100 - 3098
❌SL: 3093| ✅TP: 3106 – 3112 – 3118

FM wishes you a successful trading day 💰💰💰

4月2日

交易進行

Market is hovering around 3113-3133 waiting for news on tariffs from Trump

4月3日

交易結束：目標達成

check gold

Hit + 155 pips from sell 3148
congratulation

Profit for you