The price of gold climbs near 3,386 dollars, while traders prepare for American economic stimuli

Gold (Xau/USD) is heading towards the resistance mark of $ 3,386 on Wednesday, climbing approximately 0.6 % while traders were advancing a week ago. After a slow start to June, the metal regains momentum, led by the contradictory dollar and warns about American macro signals.

With inflation, anxiety and geopolitical tensions are still ending under the surface, gold returned in favor. This step follows a strong reversion from the $ 3,246 region last week, which enhances the market appetite for safe assets before the numbers of the upcoming salary statements and inflation data.

What leads the march?

The macro background continues to be in favor of safe assets:

• The geopolitical danger is still high. Whether it is Taiwan, Ukraine, or internal American political instability, the need to maintain the concrete value is still strong among institutional players.
• Customs tariff. With Trump’s policies starting in the second period, global markets are wrestling again with the US aggressive tariff. The new primary tariff is 10 %, in addition to 25 % of the 25 % fees, raises inflation and threatening them with renewing global trade wars.
• The dollar is blessed. The US dollar has shown weakness in all fields, providing gold space higher than inch without much decline.
• Bond flows. There is an increasing gossip that countries like China and Japan are cutting the US treasury possessions. The capital should go somewhere, and gold is the natural hedge.

Golden graphic structure: the eruption area of ​​gold

• Reservation resistance at $ 3386.19 – Test the price this level several times
• The highest previous summit is still near 3,499.96 dollars
• A strong request area at 3,246.29 dollars and 3,167.62 dollars – buyers defend these areas in May
• The lowest level in April at 2,957.13 dollars represents the direction of the direction to the two rituals

See too

Expectations: Still $ 3,600 on the table?

As long as the price exceeds $ 3,246, the structure remains upward. A daily closure is likely to call over $ 3,386 to a new round of momentum, targeting a $ 3499 region and perhaps the highest level of 1980, which was modified in 1980 at $ 3,600. Traders also monitor a batch based on feelings about $ 4,000, especially if the bond flows or strike new financial shock.

But caution is justified. Gold returned in an equivalent area, and anyone who enters the late risks in a sharp correction, as is the case in 1980.

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