Last week, rumors that the U.S. would impose a 39% tariff on gold imports from Switzerland triggered strong buying, pushing prices above the $3,400 resistance level. Although the White House denied the news, prices only saw a slight pullback before quickly rebounding, indicating buyers remain in control.
On the H4 chart, XAUUSD is holding firmly above the $3,339–$3,345 support zone, with nearby resistance at $3,401. Technical patterns suggest the price may retest support before continuing higher toward $3,430–$3,450. As long as $3,339 remains intact, the medium-term uptrend stays intact.
On the H4 chart, XAUUSD is holding firmly above the $3,339–$3,345 support zone, with nearby resistance at $3,401. Technical patterns suggest the price may retest support before continuing higher toward $3,430–$3,450. As long as $3,339 remains intact, the medium-term uptrend stays intact.
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Top trading opportunities are waiting for you! : t.me/+TaRRH29IRysyNGJl
🔥 High-quality signals – Win rate up to 85%
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⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
Related publications
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.