Gold Spot / U.S. Dollar
Short
Updated

XAUUSD - Sell or Buy ?

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Hello everyone, great to see you again!

Today, XAUUSD remains under notable pressure as the U.S. continues to signal a tougher trade stance. The latest move: the U.S. President announced a 50% import tariff on copper and a potential 200% tariff on pharmaceuticals, following a previous tariff notice ranging from 25% to 40% sent to 14 countries — including Japan, South Korea, Thailand, and Malaysia.

This isn’t just about protectionism. These measures fuel fears of global inflation, supply chain disruptions, and a broader economic slowdown. With surging prices in raw materials and essential goods, consumers may be forced to cut back spending, a classic warning sign for future growth.

In this environment, investors had hoped gold would shine again as a safe haven asset. However, the recent bullish momentum has been underwhelming, signaling ongoing market hesitation.

📉 On the H4 chart, XAUUSD is being squeezed into a descending pattern, which typically carries a high probability of a downside breakout. If the current support fails, the next target could fall below the 32xx area.

On the flip side, if supportive news emerges — such as a hint of rate cuts from the Fed — gold must break above the $3,335 level to revive bullish sentiment.

🔎 What do you think? Will gold break lower — or bounce back? Drop your thoughts below!
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