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  1. Home
  2. Pulse of the market
  3. Gold is rising due to market uncertainty about Trump's next move

Gold is rising due to market uncertainty about Trump's next move

Scheduled Pinned Locked Moved Pulse of the market
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  • cryptobroC Offline
    cryptobroC Offline
    cryptobro
    wrote on last edited by
    #1

    Screenshot 2025-07-11 104201.png
    Today gold found a strong support area near the 3285 level.

    The price was hesitant to move all day, but as soon as the US market opened, gold rose slightly. Trump and his tariffs on the one hand and his strange comments regarding Powell's decision regarding interest rates are creating volatility and fear throughout the market.

    Long gold positions have some risks, but this is a trade with the trend and with the current mess that Trump is creating.

    Short-term targets I am considering: 3323; 3337 and 3356.

    Be careful because price movements are very affected by the news.

    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

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