News came out on the tariff front about a 6 billion reduction in taxes for 60 billion worth of goods—<t-2/> $XAU directly crashed into 4145.47, and within 24 hours it fell 3.28%.
The logic behind this move isn’t complicated. U.S.-China trade frictions are easing, risk appetite is bouncing back, and safe-haven funds are flowing out of gold. Previously, $XAU rising to high levels was supported by geopolitical tension and trade uncertainty. Now that expectation has been weakened, longs are cutting positions.
What I’m watching is whether the 4150 level can hold. If it breaks below, room to the downside will open up, and sentiment will clearly turn bearish. The tariff news has just come out, and the market is still digesting it—there’s a high chance $XAU will face short-term pressure. Don’t rush to bottom-fish; wait for stabilization signals to appear first...
#gold
The logic behind this move isn’t complicated. U.S.-China trade frictions are easing, risk appetite is bouncing back, and safe-haven funds are flowing out of gold. Previously, $XAU rising to high levels was supported by geopolitical tension and trade uncertainty. Now that expectation has been weakened, longs are cutting positions.
What I’m watching is whether the 4150 level can hold. If it breaks below, room to the downside will open up, and sentiment will clearly turn bearish. The tariff news has just come out, and the market is still digesting it—there’s a high chance $XAU will face short-term pressure. Don’t rush to bottom-fish; wait for stabilization signals to appear first...
#gold