Gold reached $3,402 today, marking its highest level in five weeks. Market attention remains on the August 1 Trump tariff deadline. The EU continues negotiating with the US but is also preparing countermeasures if talks fail. Earlier this month, the US warned of a 30% tariff on EU imports.
On the policy front, the ECB is expected to hold rates at 2.00% this week. The Fed’s decision is due next week, with speeches from Powell and Bowman in focus today.
🔎 Technical outlook:
A break above $3,402 could open the way toward $3,421.
On the downside, support is seen near $3,367/70.
#Gold #XAUUSD #TrumpTariffs #ECB #Fed #InterestRates #TechnicalAnalysis #Markets
On the policy front, the ECB is expected to hold rates at 2.00% this week. The Fed’s decision is due next week, with speeches from Powell and Bowman in focus today.
🔎 Technical outlook:
A break above $3,402 could open the way toward $3,421.
On the downside, support is seen near $3,367/70.
#Gold #XAUUSD #TrumpTariffs #ECB #Fed #InterestRates #TechnicalAnalysis #Markets
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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.