0507 Watch out! Gold is cooling down for the news of..

Hello traders,,

The resumption of china-us economic and trade talks is imminent, and the risk aversion in the gold market has cooled.

Gold stop rising and opened with a gap on Wednesday Asia morning !

On 4H chart, this strong bearish red candle is a strong reversal signal!
Looking for a new ABC swing trend for GOLD .

3267 is a recent breaking through level which now become a support for gold .
The next support would be 3202 where gold stop dropping since 1 day before NFP.

For a short-time 4H swing trader, could take a chance to follow this new swing down to those two levels.

GOOD LUCK!
LESS IS MORE!

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註釋

The resumption of china-us economic and trade talks is imminent, and the risk aversion in the gold market has cooled in the Asia opening.
Now gold got its support again from EMAs,
this signal means unless some substantive negotiating content is released, buyers would reenter to push price up

註釋

Fed's Hawkish Hold & Policy Deadlock (May 7 Meeting)

Rates unchanged, no cuts planned. Powell warned tariffs hurt inflation/employment, limiting Fed’s ability to ease.
Stalemate: Trump won’t drop tariffs; Fed won’t cut amid trade risks. Gold’s appeal weakens if rates stay high.

China-U.S. Tensions Escalate

Tariff talks stalled despite Swiss meetings. China’s rate cuts hint at preparing for worst.
Tech war: Trump may lift AI chip curbs to lock China out of global markets, diverting capital from gold.

Gold’s Outlook

Risks Up: U.S.-China breakdown or Fed panic-easing.
Risks Down: Tech truce or tariff U-turns.
Key: Watch politics (talks/Trump) over data. Gold’s moves hinge on policy shifts, not just rates.