Gold is rising due to market uncertainty about Trump's next move

3 天前

Gold is rising due to market uncertainty about Trump's next move

Today gold found a strong support area near the 3285 level.

The price was hesitant to move all day, but as soon as the US market opened, gold rose slightly. Trump and his tariffs on the one hand and his strange comments regarding Powell's decision regarding interest rates are creating volatility and fear throughout the market.

Long gold positions have some risks, but this is a trade with the trend and with the current mess that Trump is creating.

Short-term targets I am considering: 3323; 3337 and 3356.

Be careful because price movements are very affected by the news.

You may find more details in the chart!
Thank you and Good Luck!

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前天

交易進行

Target 1 reached

前天

註釋

📣Gold Breaks Higher: Bullish Momentum Builds Above 3325

Following yesterday’s analysis, gold has reached the first target and broken decisively above the key resistance zone near 3325.

The recent candles are strong and bullish, reinforcing the upward momentum.

As long as the price holds above this level, the probability of further gains continues to increase.

🌍 On the macro front, the absence of tariff-related letters from Trump to major economies suggests that negotiations are still ongoing.
The lack of provocative comments from him so far may indicate that a deal could be on the horizon.

Uncertainty continues to drive demand for safe-haven assets.