On May 23rd's U.S. trading session, Trump's tariff announcements on the EU and Apple roiled markets like a tempest 🌪️. He proposed a staggering 50% tariff on EU products starting from June 1st, citing unfair trade practices. Meanwhile, he threatened Apple with a 25% tariff if iPhones sold in the U.S. weren't manufactured domestically.
This sent gold prices soaring sky - high 🚀. As a reliable safe - haven, gold spiked as investors, deeply worried about the potential global economic impacts, rushed to safeguard their wealth. The 3280 support level for gold, which had been holding firm in the preceding days, became even more crucial as the upward momentum strengthened, like a sturdy anchor in stormy waters ⚓.
If the tariff issue remains unresolved and tensions continue to simmer between the U.S., the EU, and major corporations like Apple, the upward trajectory of gold prices is likely to persist. Analysts predict a good chance it could break the 3,500 mark, as if a new peak is waiting to be conquered 🏔️. Tariffs disrupt global supply chains and raise U.S. inflation fears, driving investors to gold for protection against economic and currency risks, much like sailors seeking a safe port in a typhoon 🌊.
⚡️⚡️⚡️ XAUUSD ⚡️⚡️⚡️
🚀 Buy@ 3340 - 3360
🚀 TP 3400 - 3450
Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟 👇
This sent gold prices soaring sky - high 🚀. As a reliable safe - haven, gold spiked as investors, deeply worried about the potential global economic impacts, rushed to safeguard their wealth. The 3280 support level for gold, which had been holding firm in the preceding days, became even more crucial as the upward momentum strengthened, like a sturdy anchor in stormy waters ⚓.
If the tariff issue remains unresolved and tensions continue to simmer between the U.S., the EU, and major corporations like Apple, the upward trajectory of gold prices is likely to persist. Analysts predict a good chance it could break the 3,500 mark, as if a new peak is waiting to be conquered 🏔️. Tariffs disrupt global supply chains and raise U.S. inflation fears, driving investors to gold for protection against economic and currency risks, much like sailors seeking a safe port in a typhoon 🌊.
⚡️⚡️⚡️ XAUUSD ⚡️⚡️⚡️
🚀 Buy@ 3340 - 3360
🚀 TP 3400 - 3450
Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟 👇
Trade active
If no new news about the easing of the Russia-Ukraine situation, Middle East conflicts, and tariff policies is released this week, the price of gold may once again hit the 3500 mark next weekIf no new news about the easing of the Russia-Ukraine situation, Middle East conflicts, and tariff policies is released this week, the price of gold may once again hit the 3500 mark next weekTrade closed: target reached
If the price pulls back to around 3330 , investors can directly seize the opportunity to go long🚀, with an upward target of 3360. If it rises strongly at the opening, first see if it can break through the resistance at 3385🧐, and then look at 3400. Overall, the opening strategy is to go long on pullbacks🙌Note
Israel is preparing to launch a new round of offensive against Hamas, which is highly likely to cause gold prices to continue rising
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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.