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Daily Oil, Gold, Silver Technical Analysis
Gold prices started the week with bearish pressure and manage to reach the green box area. Traders who enter long positions near the box area could hold the positions in expectation of further upside before the tariff announcement by Trump. Today, the president announces new tariff on Japan also South Korea which tank the market. If there is no delay on tariff deadline (Wednesday) then gold prices could soar to target record high. At the current time, the market situation might depend on the tariff news, traders might want to stay cautious and trade with less risk / leverage. Silver price’s movement is similar to ... (full story)