Gold has just broken out of a falling channel, pushing up to the 3337 level — a clear bullish move! ✅
But this isn't just technical... the news is backing it too 🔥
📢 The US has imposed a 30% tariff on South Africa and 25% on Malaysia and Kazakhstan 🇺🇸
Since South Africa is one of the world’s biggest gold producers, these tariffs could tighten global supply.
➡️ That means: Gold prices may rise further due to increased demand and reduced supply.
🔍 Technical View:
Resistance levels to watch: 3385 and 3437
Break above these could take gold towards 3540+
📊 This is a perfect example of how Technical + Fundamental = Powerful setup
Trade smart. Don’t just follow price — follow the reason behind it too! 💹
#GoldBreakout #MarketUpdate #SmartTrading #GoldNews #TariffImpact #RajasTrading
But this isn't just technical... the news is backing it too 🔥
📢 The US has imposed a 30% tariff on South Africa and 25% on Malaysia and Kazakhstan 🇺🇸
Since South Africa is one of the world’s biggest gold producers, these tariffs could tighten global supply.
➡️ That means: Gold prices may rise further due to increased demand and reduced supply.
🔍 Technical View:
Resistance levels to watch: 3385 and 3437
Break above these could take gold towards 3540+
📊 This is a perfect example of how Technical + Fundamental = Powerful setup
Trade smart. Don’t just follow price — follow the reason behind it too! 💹
#GoldBreakout #MarketUpdate #SmartTrading #GoldNews #TariffImpact #RajasTrading
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