Gold Spot / U.S. Dollar
Long
Updated

Gold May See Short-Term Correction As US-China Talks Loom

165
💡 Suggested Trading Strategies

SELL XAU/USD at: $3,320 – $3,326
🎯 TP: $3,300
❌ SL: $3,330

BUY XAU/USD at: $3,296 – $3,300
🎯 TP: $3,320
❌ SL: $3,290

📊 Market Summary

Gold prices have been volatile recently due to high-level trade negotiations between the US and China. Investors are cautious as a potential breakthrough could ease tensions and reduce safe-haven demand for gold.

📌 Outlook
Gold may decline slightly toward the $3,296–$3,300 range if no breakthrough is achieved in US-China talks. However, a positive outcome could trigger a rebound toward the $3,326–$3,340 zone.
Trade active
Gold is undergoing a mild correction around $3,321, trading between the EMA09 and the support level at $3,296. Closely monitor U.S. economic data and developments in the U.S.–China negotiations to make timely decisions.

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