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Technical analysis by Henrybillion about Symbol PAXG on 5/28/2025

https://sahmeto.com/message/3559108
Henrybillion
Henrybillion
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The situation unfolded after President Donald Trump threatened to impose a 50% tariff on European goods starting June 1st—a move he later postponed to July 9th to allow more time for negotiations.However, sentiment remains cautious as investors closely monitor global developments—including the growing U.S. budget deficit, ongoing trade negotiations, and geopolitical tensions in the Middle East and Ukraine—all of which could influence gold's appeal as a safe-haven asset.Investors are currently awaiting the release of the latest FOMC meeting minutes on Wednesday and the PCE inflation data on Friday for further insight into the Federal Reserve’s interest rate outlook.https://www.tradingview.com/x/JQjRvXdx/XAUUSD Trading Strategy Around Key Price Levels:SELL XAUUSD around 3363–3365Stoploss: 3370Take Profit 1: 3358Take Profit 2: 3352Take Profit 3: 3348BUY XAUUSD around 3326–3328Stoploss: 3320Take Profit 1: 3332Take Profit 2: 3338Take Profit 3: 3342Note: Always set a Stoploss in all situations for safety.

Translated from: English
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Signal Type: Neutral
Time Frame:
1 hour
Price at Publish Time:
$3,332.2
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