Gold returns to the bull market as expected, follow-up layout

164
🗞News side:

1. The “demand shock” of the Trump administration’s tariffs on the global economy
2. The United States rejected Japan’s request for a comprehensive exemption from 10% reciprocal tariffs and country-specific tariffs in recent negotiations.
3. The conflict between Israel and the Houthis


📈Technical aspects:

From a technical point of view, the 4H gold bulls are once again making an impact. At the top, we focus on the short-term suppression of the 3380-3390 line, focusing on the suppression of the 3400 line. Below, we focus on the short-term support of the 3350 line, and the important first-line support of 3335-3340. In terms of operation, we mainly go long by stepping back on 3350-3360, and the target is temporarily looking at 3380-3390. In the middle position, we should watch more and move less, pursue orders cautiously, and wait patiently for key points to enter the market.

If you agree with this point of view, or you have a better idea, please leave a message in the comment area. I look forward to hearing different voices.

XAUUSD XAUUSD XAUUSD XAUUSD GOLD

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.