The current trading range is 3275-3290. Since the opening, the price has been fluctuating in a small range. There was no news on Friday, so the price may regain its upward momentum after retesting the liquidity and support area of 3270-3285.
Gold prices are currently stable around $3280, but the US dollar has curbed the rise of gold prices.
Gold prices have held their ground after recovering, but the strengthening of the US dollar and hopes for progress in tariff war negotiations have limited further gains in gold prices…
Optimism about US corporate earnings and fears of a recession are easing, supporting demand for the US dollar. However, the continued uncertainty in Sino-US relations has kept interest in gold strong.
The market is waiting for new signals from the White House and the Federal Reserve, which will determine the further trend of gold prices.
Focus on the support trading range. A false break of 3270 could change the balance of power, leading to a rebound or growth.
No news today, except for the unpredictable situation of Trump and the tariff war in general. Any speech or tweet could shake the market.
However, gold prices remain range-bound after a lackluster week.
Quaid recommended:
The market fluctuates sideways today. You can try short-term trading. Look at 10 points for each upward callback and perform scalping transactions in this range.
Gold prices are currently stable around $3280, but the US dollar has curbed the rise of gold prices.
Gold prices have held their ground after recovering, but the strengthening of the US dollar and hopes for progress in tariff war negotiations have limited further gains in gold prices…
Optimism about US corporate earnings and fears of a recession are easing, supporting demand for the US dollar. However, the continued uncertainty in Sino-US relations has kept interest in gold strong.
The market is waiting for new signals from the White House and the Federal Reserve, which will determine the further trend of gold prices.
Focus on the support trading range. A false break of 3270 could change the balance of power, leading to a rebound or growth.
No news today, except for the unpredictable situation of Trump and the tariff war in general. Any speech or tweet could shake the market.
However, gold prices remain range-bound after a lackluster week.
Quaid recommended:
The market fluctuates sideways today. You can try short-term trading. Look at 10 points for each upward callback and perform scalping transactions in this range.
The gold market is my stage. I'm Quaid, turning the market's waves into our wealth tides.
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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.
The gold market is my stage. I'm Quaid, turning the market's waves into our wealth tides.
Free Channels：t.me/+Oxc8TIM_LkJiNGFh
Free Channels：t.me/+Oxc8TIM_LkJiNGFh
Related publications
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.