GOLD: Attention should also be paid to the impact of the Iran war and Trump's statements

XAUUSD Gold Traders

Hello everyone! Today i want to share some macro analysis with you!

Technical Analysis:$Gold - main 2606(GCmain)$$XAU/USD(XAUUSD.FOREX)$

Gold prices may consolidate further, trapped between key technical resistance and support levels. The Relative Strength Index (RSI) indicates that momentum remains flat. Although the RSI is trending bullish, it is currently in a sideways consolidation phase.

On the upside, gold prices broke through the 50-day Simple Moving Average (SMA) at $4769 in early Asian trading, reaching a high near $4773.4! The next target is expected to be the psychological resistance level of $4800!

On the downside, the first support level for gold is the psychological level of $4700. A break below this level would face the 20-day SMA at $4694 and could further challenge the May 4th low of $4500. Trading should focus on buy orders!

Attention should also be paid to the impact of the Iran war and Trump's statements!

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Monetary policy, various types of price indices... Here is everything about the macro economy!

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Here is everything about the macro economy!","image":"https://static.tigerbbs.com/b92fcdcbb675f48af67c8cfbd53f43a3"}],"images":[{"img":"https://community-static.tradeup.com/news/a2aed49a0038054584aecabe250036c6","width":"936","height":"447"},{"img":"https://community-static.tradeup.com/news/59c7e1e81ab952e9f6906006c98def18","width":"1080","height":"1350"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/a2aed49a0038054584aecabe250036c6","width":"936","height":"447"}],"title":"GOLD: Attention should also be paid to the impact of the Iran war and Trump's statements","html":"<html><head></head><body><p style=\"text-align: left;\">Hello everyone! Today i want to share some macro analysis with you!</p>\n<p style=\"text-align: left;\"></p>\n<p style=\"text-align: left;\">Technical Analysis:<a data-mention-id=\"GCmain\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"Gold - main 2606\" target=\"_blank\" href=\"https://ttm.financial/FUT/GCmain\">$Gold - main 2606(GCmain)$</a><a data-mention-id=\"XAUUSD.FOREX\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"XAU/USD\" target=\"_blank\" href=\"https://ttm.financial/S/XAUUSD.FOREX\">$XAU/USD(XAUUSD.FOREX)$</a></p>\n<p style=\"text-align: left;\">Gold prices may consolidate further, trapped between key technical resistance and support levels. The Relative Strength Index (RSI) indicates that momentum remains flat. Although the RSI is trending bullish, it is currently in a sideways consolidation phase.</p>\n<p style=\"text-align: left;\">On the upside, gold prices broke through the 50-day Simple Moving Average (SMA) at $4769 in early Asian trading, reaching a high near $4773.4! The next target is expected to be the psychological resistance level of $4800!</p>\n<p style=\"text-align: left;\">On the downside, the first support level for gold is the psychological level of $4700. A break below this level would face the 20-day SMA at $4694 and could further challenge the May 4th low of $4500. Trading should focus on buy orders!</p>\n<p style=\"text-align: left;\">Attention should also be paid to the impact of the Iran war and Trump's statements!</p>\n<p class=\"t-img-caption\"><img data-align=\"center\" src=\"https://community-static.tradeup.com/news/a2aed49a0038054584aecabe250036c6\" tg-width=\"936\" tg-height=\"447\"><span></span></p>\n<hr>\n<blockquote>\n <p style=\"text-align: left;\"><span><strong>😍 Been eyeing Tiger merch but short on Tiger Coins? Now's your chance.</strong></span></p>\n <p style=\"text-align: left;\"><span>🎁 We’ve selected 4 high-demand items across practial, lifestyle, and learning, now with a lower redemption threshold!</span></p>\n <p style=\"text-align: left;\"><a target=\"_blank\" class=\"link rich-text-anchor __anchor-intercept-flag__ text-content-link\" href=\"https://ttm.financial/TW/554651083281352\" title=\"\"><strong>Hot Merch Returns · Up to 43% Off</strong></a></p>\n <p class=\"t-img-caption\"><img data-align=\"center\" src=\"https://community-static.tradeup.com/news/59c7e1e81ab952e9f6906006c98def18\" tg-width=\"1080\" tg-height=\"1350\"><span></span></p>\n</blockquote></body></html>","htmlText":"<html><head></head><body><p style=\"text-align: left;\">Hello everyone! Today i want to share some macro analysis with you!</p>\n<p style=\"text-align: left;\"></p>\n<p style=\"text-align: left;\">Technical Analysis:<a data-mention-id=\"GCmain\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"Gold - main 2606\" target=\"_blank\" href=\"https://ttm.financial/FUT/GCmain\">$Gold - main 2606(GCmain)$</a><a data-mention-id=\"XAUUSD.FOREX\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"XAU/USD\" target=\"_blank\" href=\"https://ttm.financial/S/XAUUSD.FOREX\">$XAU/USD(XAUUSD.FOREX)$</a></p>\n<p style=\"text-align: left;\">Gold prices may consolidate further, trapped between key technical resistance and support levels. The Relative Strength Index (RSI) indicates that momentum remains flat. Although the RSI is trending bullish, it is currently in a sideways consolidation phase.</p>\n<p style=\"text-align: left;\">On the upside, gold prices broke through the 50-day Simple Moving Average (SMA) at $4769 in early Asian trading, reaching a high near $4773.4! The next target is expected to be the psychological resistance level of $4800!</p>\n<p style=\"text-align: left;\">On the downside, the first support level for gold is the psychological level of $4700. A break below this level would face the 20-day SMA at $4694 and could further challenge the May 4th low of $4500. Trading should focus on buy orders!</p>\n<p style=\"text-align: left;\">Attention should also be paid to the impact of the Iran war and Trump's statements!</p>\n<p class=\"t-img-caption\"><img data-align=\"center\" src=\"https://community-static.tradeup.com/news/a2aed49a0038054584aecabe250036c6\" tg-width=\"936\" tg-height=\"447\"><span></span></p>\n<hr>\n<blockquote>\n <p style=\"text-align: left;\"><span><strong>😍 Been eyeing Tiger merch but short on Tiger Coins? Now's your chance.</strong></span></p>\n <p style=\"text-align: left;\"><span>🎁 We’ve selected 4 high-demand items across practial, lifestyle, and learning, now with a lower redemption threshold!</span></p>\n <p style=\"text-align: left;\"><a target=\"_blank\" class=\"link rich-text-anchor __anchor-intercept-flag__ text-content-link\" href=\"https://ttm.financial/TW/554651083281352\" title=\"\"><strong>Hot Merch Returns · Up to 43% Off</strong></a></p>\n <p class=\"t-img-caption\"><img data-align=\"center\" src=\"https://community-static.tradeup.com/news/59c7e1e81ab952e9f6906006c98def18\" tg-width=\"1080\" tg-height=\"1350\"><span></span></p>\n</blockquote></body></html>","text":"Hello everyone! Today i want to share some macro analysis with you! Technical Analysis:$Gold - main 2606(GCmain)$$XAU/USD(XAUUSD.FOREX)$ Gold prices may consolidate further, trapped between key technical resistance and support levels. The Relative Strength Index (RSI) indicates that momentum remains flat. Although the RSI is trending bullish, it is currently in a sideways consolidation phase. On the upside, gold prices broke through the 50-day Simple Moving Average (SMA) at $4769 in early Asian trading, reaching a high near $4773.4! The next target is expected to be the psychological resistance level of $4800! On the downside, the first support level for gold is the psychological level of $4700. A break below this level would face the 20-day SMA at $4694 and could further challenge the May 4th low of $4500. Trading should focus on buy orders! Attention should also be paid to the impact of the Iran war and Trump's statements! 😍 Been eyeing Tiger merch but short on Tiger Coins? Now's your chance. 🎁 We’ve selected 4 high-demand items across practial, lifestyle, and learning, now with a lower redemption threshold! 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