Gold Strengthens as Trump Fuels Global Uncertainty
From our previous analysis, gold rose after finding a strong support area near 4550.
This new bullish pattern that was finalized today, increased the chances of gold rising further to 4700; 4750 and 4800 are rising further.
Fundamental analysis:
The upward movement in gold today can only be attributed to President Trump. He is still increasing geopolitical tension around the world. Over the weekend, tariffs on eight European countries will increase to 25% if they do not support his purchase of Greenland.
🔴The US president said that the new taxes will apply to France, Germany, the United Kingdom, the Netherlands, Denmark, Norway, Sweden and Finland, and will increase to 25% in June.
His actions are already creating a Geopolitical Crisis.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Previous analysis:
Previous analysis:
From our previous analysis, gold rose after finding a strong support area near 4550.
This new bullish pattern that was finalized today, increased the chances of gold rising further to 4700; 4750 and 4800 are rising further.
Fundamental analysis:
The upward movement in gold today can only be attributed to President Trump. He is still increasing geopolitical tension around the world. Over the weekend, tariffs on eight European countries will increase to 25% if they do not support his purchase of Greenland.
🔴The US president said that the new taxes will apply to France, Germany, the United Kingdom, the Netherlands, Denmark, Norway, Sweden and Finland, and will increase to 25% in June.
His actions are already creating a Geopolitical Crisis.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Previous analysis:
Previous analysis:
Zlecenie aktywne
⚠️Gold hit a record high of 4,725 on rising geopolitical tensions.
4700 is also a key price zone for gold that opens the door for further gains.
Trump’s comments overnight that the US must have Greenland are creating a huge liquidity shift towards precious metals and gold is benefiting greatly from this situation.
👉It seems like this is just a winning game for gold traders.
I don’t see any normal reason why gold should fall. So just be careful of any major manipulation that could push gold lower.
With all this turmoil, I remain bullish on Gold.
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.