📣Gold news:
US Senate passes Trump tax reform bill. Trump wins major victory
Trump's signature tax and spending cuts bill passed the Senate on Tuesday. Republican leaders finally convinced dissenting lawmakers after a hard fight, helping Trump win another political victory.
Trump refuses to extend July 9 tariff deadline
US President Trump reiterated on Tuesday that he has no intention of extending the 90-day suspension of reciprocal tariffs on most countries after it expires on July 9.
When asked whether he would extend the suspension of tariffs, Trump replied on Air Force One: "No, I haven't thought about it. I will write to many countries to notify them of the tariff rates they will face."
Gold (XAU/USD) struggled to extend its two-day rally, fluctuating narrowly in the Asian session on Wednesday, just below Tuesday's one-week high. The dollar's slight rebound - from its lowest level since February 2022 - put pressure on gold. Moreover, improving market sentiment continues to weaken demand for safe-haven assets such as gold, further limiting its upside.
⭐️Technical Analysis:
Trend lines are steadily picking up, and continued buying could move towards 3383 based on today's ADP-NF data
💰Set Gold Price:
💰Sell Gold Zone: 3375-3385 SL 3395
TP1: $3370
TP2: $3360
TP3: $3350
💰Buy Gold Zone: $3315-$3310 SL $3305
TP1: $3320
TP2: $3330
TP3: $3340
⭐️Technical Analysis:
Set reasonable buy orders based on technical indicators EMA 34, EMA89 and support resistance areas.
Within the framework of controllable risks, we will continue to create safe and reliable value growth for trust. Free trading signals ☛t.me/+arTT14Fe44tkMzAx
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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.
Within the framework of controllable risks, we will continue to create safe and reliable value growth for trust. Free trading signals ☛t.me/+arTT14Fe44tkMzAx
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.