Gold hits around 3280, please go long in the short term

📌 Driving Events

Gold prices fell more than 0.50% on Monday as demand for safe-haven assets decreased after U.S. President Donald Trump announced a postponement of tariffs on the European Union. Trading activity remained subdued as the U.S. and UK markets were closed for public holidays. As of this writing, the gold/dollar exchange rate was around $3,294. Trump issued a statement on Sunday, postponing the date of the 50% tariff on EU goods to July 9, and market sentiment improved. As a result, gold prices came under pressure and fell after a sharp rise of 4.86% last week (the strongest weekly performance since early April)

📊Commentary Analysis

Focus on the support level of 3285/80. If this area is touched for the first time, go long
💰Strategy Package

🔥Selling area: 3345-3350 SL 3355
TP1: $3333
TP2: $3325
TP3: $3308

🔥Buying area: $3280-$3285 SL $3275
TP1: $3312
TP2: $3330
TP3: $3345

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

- Choose a lot size that matches your funds

- Profit is 4-7% of the fund account

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