Macro:
- Gold prices have fallen since Trump's 'Liberation Day' tariff announcement, as global stock market pressure and hedge fund margin calls forced asset liquidations, including gold.
- Despite the short-term drop, gold remains a key medium-term hedge against recession risks and ongoing uncertainty once markets stabilize.
- High volatility may persist until tariff disputes are resolved and central banks clarify potential support measures.
Technical:
- XAUUSD fluctuates within the range of 2957-3055. The price is between both EMAs, indicating an intact sideways structure.
- If XAUUSD breaks below the support at 2957, the price may retest the following support at 2880.
- On the contrary, breaking above 3055 may lead to a record-high retest at around 3135.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
- Gold prices have fallen since Trump's 'Liberation Day' tariff announcement, as global stock market pressure and hedge fund margin calls forced asset liquidations, including gold.
- Despite the short-term drop, gold remains a key medium-term hedge against recession risks and ongoing uncertainty once markets stabilize.
- High volatility may persist until tariff disputes are resolved and central banks clarify potential support measures.
Technical:
- XAUUSD fluctuates within the range of 2957-3055. The price is between both EMAs, indicating an intact sideways structure.
- If XAUUSD breaks below the support at 2957, the price may retest the following support at 2880.
- On the contrary, breaking above 3055 may lead to a record-high retest at around 3135.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。