Gold has just broken out of a falling channel, pushing up to the 3337 level — a clear bullish move! ✅
But this isn't just technical... the news is backing it too 🔥
📢 The US has imposed a 30% tariff on South Africa and 25% on Malaysia and Kazakhstan 🇺🇸
Since South Africa is one of the world’s biggest gold producers, these tariffs could tighten global supply.
➡️ That means: Gold prices may rise further due to increased demand and reduced supply.
🔍 Technical View:
Resistance levels to watch: 3385 and 3437
Break above these could take gold towards 3540+
📊 This is a perfect example of how Technical + Fundamental = Powerful setup
Trade smart. Don’t just follow price — follow the reason behind it too! 💹
#GoldBreakout #MarketUpdate #SmartTrading #GoldNews #TariffImpact #RajasTrading
But this isn't just technical... the news is backing it too 🔥
📢 The US has imposed a 30% tariff on South Africa and 25% on Malaysia and Kazakhstan 🇺🇸
Since South Africa is one of the world’s biggest gold producers, these tariffs could tighten global supply.
➡️ That means: Gold prices may rise further due to increased demand and reduced supply.
🔍 Technical View:
Resistance levels to watch: 3385 and 3437
Break above these could take gold towards 3540+
📊 This is a perfect example of how Technical + Fundamental = Powerful setup
Trade smart. Don’t just follow price — follow the reason behind it too! 💹
#GoldBreakout #MarketUpdate #SmartTrading #GoldNews #TariffImpact #RajasTrading
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.