Gold stabilizes slightly as Trump proposes tariffs on South Korea and Japan amid rising trade war concerns
by VT Markets
/
Jul 8, 2025
Economic Resilience and Gold’s Technical Outlook
Currently, gold’s price is just above $3,320, aligning with its 50-day moving average. This line often signals stability for prices. If it falls below, we could see increased selling, potentially lowering it to the next support level around $3,300. The Relative Strength Index shows that the market isn’t leaning strongly in either direction. It isn’t overbought or indicating excessive selling. This puts us in a waiting phase, as prices are stuck between different forces.
Strategic Market Positioning in a Volatile Climate
For those trading in futures, options, or structured products, these patterns encourage a reevaluation of short-term strategies. With prices fluctuating around technical levels and macroeconomic stability outweighing geopolitical concerns, any plans to bet on a rebound need to be very careful. Although China and other major holders might continue to buy, this activity acts more like a background influence. The real market movement is happening with shifts in Treasury yields and changing expectations from the Federal Reserve.
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by VT Markets
Jul 8, 2025
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