Trump's policy promotes safe asset purchases

4 วันที่ผ่านมา

XAUUSD increased sharply and reached a record high as uncertainty about Trump's policies prompted buying of safe assets, along with a decline in the US Dollar and US Treasury bond yields.

XAUUSD renews record highs as traders seek safe haven. The escalation of the Sino-US trade war has caused investors to flock to gold as a safe haven.
Earlier this week, China responded to the new round of US tariffs by imposing tariffs on US goods, further escalating the trade war.
US President Trump's rhetoric and policies continue to push investors toward gold. Amid the uncertainty caused by Trump's policies, gold prices will likely continue to reach new all-time highs in the near term.
As Trump postponed 25% tariffs on Mexico and Canada for 30 days but imposed 10% tariffs on China, the uncertainty has investors concerned about the potential for disruption to global trade. As a result, they continue to seek safety in precious metals and abandon the US Dollar.
Investors are looking to Friday's US nonfarm payrolls report for more clues on the outlook for interest rates.

Analysis of technical prospects for XAUUSD
On the daily chart, gold corrected slightly after reaching the target level at the 0.786% Fibonacci extension noted by readers in yesterday's publication.

However, gold can still continue to renew with new all-time highs, once the 0.786% Fibonacci extension is broken it will tend to continue rising with the target then around 2,900 USD in the short term, more than 2,918 USD.

Although the Relative Strength Index is entering the overbought area, there is no sign of a correction yet; if the RSI slopes below 80, it will be considered a signal for a correction.

During the day, as long as gold remains in/above the price channel, above EMA21, it still has a bullish outlook. Notable levels will be listed again as follows.
Support: 2,846USD
Resistance: 2,878 – 2,900USD

SELL XAUUSD PRICE 2889 - 2887⚡️
↠↠ Stoploss 2893

→Take Profit 1 2882
↨
→Take Profit 2 2877

BUY XAUUSD PRICE 2844 - 2846⚡️
↠↠ Stoploss 2840

→Take Profit 1 2851
↨
→Take Profit 2 2856

4 วันที่ผ่านมา

บันทึก

🔴Spot gold prices fell below $2,860 an ounce, down $8 in the short term, or 0.25% on the day.

3 วันที่ผ่านมา

บันทึก

Spot gold prices were above $2,867 an ounce, up 0.41% on the day.

3 วันที่ผ่านมา

บันทึก

16 ชั่วโมงที่ผ่านมา

บันทึก

Spot gold prices rose about $10 in the short term, reaching a new intraday high of $2,876.40 an ounce, up about 0.51%.