Gold prices face substantial short-term suppression

📌 Bearish drivers

Gold prices (XAU/USD) rebounded from a multi-day low in early Asian trading, and are now at the psychological level of $3,300. Ongoing geopolitical uncertainties, including the Russia-Ukraine conflict, heightened tensions in the Middle East, and renewed frictions on the India-Pakistan border continue to support gold prices. Even so, improved risk sentiment appears to have limited gold's upside due to renewed optimism around the US-UK trade agreement and the launch of US-China tariff negotiations over the weekend.



📊Commentary and analysis

As tariff trade negotiations become more active, gold prices are facing huge selling pressure. Gold prices may return to the 3233 price range and continue to rise.

💰Strategy Package

🔥Sell Gold Zone: 3351-3353 SL 3358
TP1: $3340
TP2: $3330
TP3: $3320

🔥Buy Gold Zone: $3232 - $3234 SL $3227
TP1: $3245
TP2: $3260
TP3: $3270

⭐️ Note: Labaron hopes that traders can properly manage their funds

- Choose the number of lots that matches your funds

- Profit is 4-7% of the fund account

- Stop loss is 1-3% of the fund account