The latest news indicates that Trump has announced a 50% tariff on Brazilian products and a 25% tariff on Indian products, and has firmly stated that the tariffs will take effect on August 1st, with no further grace period. These positive factors will also support a rebound in gold.
As for tomorrow’s big non-farm payrolls, considering that both the previous two times were negative and contrary to the ADP, it is very likely to be bullish for gold, which may help boost a steady rebound in gold, so there is no need to worry if you are stuck with gold.
Nothing rises forever, and nothing falls forever. Last week, the market rose in the first half, then fell in the second half. With the first half of this week’s decline, the daily chart has already fallen to near the 100-day moving average. Be wary of a rebound in the second half. Gold is bearish today, but don’t chase shorts. Focus on the 3300 resistance level. If it breaks above and stabilizes, expect a continued rebound to 3330-3345!
A real-time strategy is like a beacon guiding your investment journey. The market will never disappoint those who persevere and explore wisely. XAUUSD GOLD XAUUSD GOLD XAUUSD
