✅ Fundamental Analysis
🔹 Tariff Policies Increase Global Uncertainty: U.S. President Donald Trump has proposed imposing high tariffs on countries such as Canada, Brazil, and India. This move may increase operating costs for global businesses and further intensify economic uncertainty, prompting a continued inflow of safe-haven capital into the gold market.
🔹 Fed Leadership Change Expectations Bullish for Gold: Trump has expressed intentions to replace current Federal Reserve Chair Jerome Powell. The market anticipates that the new appointee will likely adopt a more dovish stance, which could suppress the U.S. dollar and provide medium-to-long-term support for gold prices.
✅ Technical Analysis
🔸 During the Asian session, gold experienced a slight pullback but stabilized afterward, maintaining a steady upward consolidation structure. This trend is expected to continue into the European session, with short-term focus on a potential breakout above key resistance zones.
🔸 4-Hour Chart Analysis: Price action shows signs of rejection near the accelerated uptrend line, indicating short-term downside pressure. Gold is currently near the upper Bollinger Band, with MACD momentum weakening — suggesting a possible technical correction and that caution is warranted when buying at higher levels.
🔸 1-Hour Chart Analysis: The price has started to flatten out and is now trading below the moving averages. Key technical indicators such as KDJ and MACD have formed bearish crossovers, implying a likely short-term pullback before the trend resumes higher.
🔴 Resistance Levels: 3385-3390 / 3405-3430
🟢 Support Levels: 3365-3370 / 3345-3350
✅ European Session Trading Strategy Reference
🔺 Long Strategy:
🔰 If gold pulls back and stabilizes in the 3365-3370 area, consider light long positions.
🎯 Target: 3390-3400
🔻 Short Strategy:
🔰 If gold rebounds to the 3390-3395 area and shows signs of resistance, consider light short positions.
🎯 Target: 3370-3360
⚠️ Strategy Summary:
🔰 A confirmed breakout above 3390 could open up upside potential toward the 3400-3430 range.
🔰 A breakdown below 3350 would increase the risk of a deeper correction.
🔥Trading Reminder: Trading strategies are time-sensitive, and market conditions can change rapidly. Please adjust your trading plan based on real-time market conditions. If you have any questions or need one-on-one guidance, feel free to contact me🤝
