When tariffs were about to be imposed, U.S. long-term interest rates rose, causing gold to fall. However, at exactly 5:00 AM during Tokyo hours, President Trump signed an executive order regarding reciprocal tariffs, which caused U.S. long-term interest rates to drop and pushed gold prices higher.
That said, the uncertainty caused by tariffs, which had been increasing market risk, has decreased now that more details have been announced. As a result, the risks have lessened. It is likely that profit-taking selling may occur near high price levels for some time.
Gold-Dollar Price Range Prediction: 3140 – 3090 (38.2%)
Note: The above information does not guarantee profit. Please make your own decisions when trading.