Gold climbs toward $3,150 in Asian trading, extending its record-breaking rally. Traders are closely watching Wednesday’s US tariff announcement and NFP data for the next major market move.
Based on historical patterns and the last eight all-time high breakouts, We must see lower grounds toward $3,000-$2,950 could occur before a potential surge into the $3,200-$3,400 range.
🔍 Price Zones to Watch ( Next 10 days)
•Important Supply Range: $3,155 | $3,185 | $3,200 | $3,225 ( Potential Sell Range as well )
•Important Demand Range: $3,060 | $3,030 | $3,000 | $2.980 ( Potential Buy Range as well )
🌟 Gold & Forex Reaction to Tariffs
Gold (XAU/USD) Moves
✔️ Safe-Haven Appeal: Trade conflicts drive capital into Gold.
✔️ Inflation Hedge: Tariffs push up costs, keeping Gold in demand.
✔️ Gold-USD Dynamic: If US growth slows, Gold rises; if USD stays firm, Gold faces resistance.
Currency Market Ripples
✔️ USD Strengthens Initially: Investors treat it as a defensive asset in early trade conflicts.
✔️ Emerging Markets Weaken: Tariff-heavy economies (CNY, MXN, INR) may see depreciation.
✔️ JPY & CHF Demand Rises: Traders seek refuge in Yen & Swiss Franc.
✔️ EUR & GBP Under Pressure: EU tariffs could weigh on the Euro; UK trade shifts remain uncertain.
📈 Smart Moves in a Tariff-Driven Market
✔️ Buy Gold (XAU/USD) when trade frictions or inflation spike.
✔️ Go Long on JPY & CHF in times of uncertainty.
✔️ Short Weak Currencies (CNY, INR, MXN) if trade slowdowns hit exports.
✔️ Watch USD (DXY): If US growth falters, the Fed may cut rates, softening the dollar.
