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Maintain Downtrend - Waiting for US-China Trade Negotiations

Maintain Downtrend - Waiting for US-China Trade Negotiations

Gold OANDA:XAUUSD

๐Ÿ””๐Ÿ””๐Ÿ””Gold news:

➡️Gold prices declined for a third consecutive day on Friday amid a combination of bearish factors. Optimism surrounding the US-UK trade deal and upcoming US-China negotiations weakened demand for safe-haven assets. Meanwhile, the Federal Reserve’s hawkish pause boosted the US Dollar to its highest level in weeks, adding further pressure on the XAU/USD pair.

Personal opinion:
➡️ Gold prices show a more gradual correction after breaking down the over-weighted price zones, and will continue to maintain this selling pressure in the short term. and wait for the market’s reaction tomorrow to the US-China trade talks

➡️Analysis based on important resistance - support and Fibonacci levels combined with trend lines to come up with a suitable strategy

Personal plan:
๐Ÿ”†Price Zone Setup:

๐Ÿ‘‰Sell Gold 3324 - 3327
❌SL: 3331 | ✅TP: 3320 -3315- 3310

๐Ÿ‘‰Sell Gold 3223 - 3226
❌SL: 3219 | ✅TP: 3230 -3235- 3240

FM wishes you a successful trading day ๐Ÿ’ฐ๐Ÿ’ฐ๐Ÿ’ฐ



source https://www.tradingview.com/chart/XAUUSD/6uTcPjcj-Maintain-Downtrend-Waiting-for-US-China-Trade-Negotiations/

source https://www.cryptomadden.com/2025/05/maintain-downtrend-waiting-for-us-china.html

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