Gold Prices Steady but Nurse Steep Losses as Dollar Bounces on Trump Trade Comments
Gold prices stabilized but faced significant losses due to dollar strength.
Dollar Strength Weighs on Gold Prices Amid Trump Trade Comments: Expert Insights
Trump’s trade comments boosted the dollar, impacting gold prices.
Expert Trading Tips and Analysis for Gold, Silver, Crude Oil, and Natural Gas
- Gold Trading Tips: Buy gold futures.
- Silver Trading Tips: Watch for breakout above $18.50.
- XAUUSD Trading Tips: Buy on dips.
- Crude Oil Trading Tips: Monitor oil supply.
- Natural Gas Trading Tips: Track weather forecasts.
Key Market Data:
- Gold prices steady at $1,490/oz
- US dollar index rose 0.5% to 98.50
- Trump announced trade deal progress
Market Outlook:
The current market sentiment is bearish for gold.
Technical Analysis: Gold Prices
- Support levels: $1,480, $1,460
- Resistance levels: $1,510, $1,530
Trading Strategies for Gold Amid Dollar Volatility
Investors track dollar movements.
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