News:
The price of gold (XAU/USD) is stabilizing after reaching new record highs, seeking a clear direction on Tuesday following China’s response to U.S. tariffs announced over the weekend. In retaliation, Beijing applied a 15% tariff on under $5 billion worth of U.S. energy imports, including coal and liquefied natural gas (LNG), along with a 10% levy on American oil and agricultural machinery. Additionally, China plans to launch an antitrust investigation into Google. The markets remain uncertain about the impact of these countermeasures, leading to volatile price movements on Tuesday.
Analysis:
Price is mainly moving sideways in the price range of 155,800 - 153,800, waiting for entry SELL TRENDLINE USDJPY today
Signal :
SELL USDJPY : zone 155.550 - 155.750 SL 156.100
TP: 155.300 - 155.000 - 154.500
Good luck trading everyone