DAVOS: Gold Slips After Trump Drops Greenland Tariff Threat
Gold prices eased after President Trump called off tariff threats against several European countries over Greenland, reducing some of the geopolitical risk premium that had supported bullion’s recent rally.
Market focus now shifts to upcoming PCE inflation data, which will be key in shaping expectations for the Federal Reserve’s rate-cut path.
While the Fed currently signals one rate cut this year, markets are still pricing in two cuts, potentially starting as early as June or July, with another expected in the fourth quarter, according to FP Markets’ Aaron Hill.
Technical Outlook (GOLD)
Gold is showing bearish pressure while trading below the 4836 pivot level.
Bearish Scenario
Below 4836, price is expected to test: 4821
A confirmed 15-minute or 1H candle close below 4821 would extend the bearish move toward:
4798 - 4774
Bullish Scenario
A 1H candle close above 4850, or a renewed rise in geopolitical tensions, would restore bullish momentum toward: 4884 - 4910
Key Levels
Pivot Line: 4836
Resistance: 4850 – 4884 – 4910
Support: 4821 – 4775 – 4750
Gold prices eased after President Trump called off tariff threats against several European countries over Greenland, reducing some of the geopolitical risk premium that had supported bullion’s recent rally.
Market focus now shifts to upcoming PCE inflation data, which will be key in shaping expectations for the Federal Reserve’s rate-cut path.
While the Fed currently signals one rate cut this year, markets are still pricing in two cuts, potentially starting as early as June or July, with another expected in the fourth quarter, according to FP Markets’ Aaron Hill.
Technical Outlook (GOLD)
Gold is showing bearish pressure while trading below the 4836 pivot level.
Bearish Scenario
Below 4836, price is expected to test: 4821
A confirmed 15-minute or 1H candle close below 4821 would extend the bearish move toward:
4798 - 4774
Bullish Scenario
A 1H candle close above 4850, or a renewed rise in geopolitical tensions, would restore bullish momentum toward: 4884 - 4910
Key Levels
Pivot Line: 4836
Resistance: 4850 – 4884 – 4910
Support: 4821 – 4775 – 4750
Technical & Macro Market Analyst specializing in Gold, U.S. Indices, and Forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at:
• t.me/SM_News_24h
• t.me/Srosh_signals
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at:
• t.me/SM_News_24h
• t.me/Srosh_signals
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Technical & Macro Market Analyst specializing in Gold, U.S. Indices, and Forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at:
• t.me/SM_News_24h
• t.me/Srosh_signals
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at:
• t.me/SM_News_24h
• t.me/Srosh_signals
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.