Just for a moment leave aside all these numbers and look at 1.03500 as a kind of pivotal.
Pattern wise – we will be looking at more Up attempts in next 24h , and depending on the level EUR can reach we’ll know are we going to test 1.01800 again.
Everything below 1.03500 is in favour if it, but if above things might change.
There is strong support for Gold @ $2308.00 and stiff resistance @ $3000.40.
The near term flash points are at $2654.20 & $2677.28 respectively.
I expect a lot of profit taking at $3000.40 and a strong collapse from that level at see some buying at $2654. Any short breaches above $3000.40 level can be shorted for humongous returns. At $2308 I expect to see massive buying by central banks around the world. However, if the momentum is stronger at $3000.40 then I’ll redo my analysis and update it accordingly.
USDJPY remains stuck just below 158… EURUSD (and EURJPY) has been an outperformer… stocks slipping…suggests position adjutments and a bit of a squeeze on EUR shorts (AUD and CAD also firmer), still jusat a retracement
Take profit smashed 🔥, once you master supply and demand zone trading, you will have high probability setups. more profitable trades coming your way, stay tuned 🔥
Tariff hikes would benefit many smaller economies but then again it depends on which economies they would apply.
It’s a normal practice for importers and exporters operating from countries under tariff to route/reroute goods through other countries which have favorable agreements.
An example is manipulating paperwork to deceive customs dept of the country of origin and pay less customs duty/taxes or none at all etc… but if they make tariff’s universal then that would be better for the economy of the United States, and it doesn’t matter where containers come from as a tariff of xyz% is still applicable.