Gold prices had been rising, but yesterday selling started first as traders took profits.
After that, the U.S. dollar became weaker, and gold prices went up again.
On the same day, President Trump said, “I am open to meeting President Putin” and “Russia wants to have a meeting,” suggesting that a face-to-face meeting could happen next week. This reduced fears about worsening U.S.–Russia relations. Because of this, gold prices dropped again, but political risks are still present.
Today is the day when new U.S. tariffs will start. Because there is still uncertainty about these tariffs, gold prices are not expected to fall much.
Expected Gold/Dollar range: 3345 – 3390 (38.2%)
Note: This information does not guarantee profits. Please make your own decisions when trading.