Gold

Key Observations from Your Chart:

1. Strong Rejection at Resistance (~$3,150 - $3,160)
   1. Price previously tested a 1HR/4HR resistance zone and was rejected, leading to a strong bearish move.
   2. The wick at the top suggests selling pressure.

2. Bearish Momentum with a Break Below Liquidity (~$3,100)
   1. The price broke below liquidity zones, confirming a short-term bearish bias.
   2. A 10-pip retracement hints at weak buying strength so far.

3. Support Holding (~$3,085 - $3,090)
   1. This area coincides with 1HR/4HR support and a possible reversal zone.
   2. If buyers defend this level, we could see a retracement back to $3,120 - $3,130 (marked resistance zones).
   3. Failure to hold could push price down to the next support at $3,075 - $3,060.

Potential Trading Scenarios:

1. Bullish Scenario (Short-Term Buy):
   1. If price stabilizes above $3,090 and forms bullish candles, a move towards $3,120 - $3,130 is possible.
   2. Key trigger: Break above minor resistance (~$3,107).

2. Bearish Continuation (Sell Setup):
   1. If price fails to hold above $3,090, expect a drop toward $3,075 - $3,060.
   2. Key confirmation: A 15M/30M close below support with volume.

Final Bias:

1. Short-term: Bearish unless $3,090 holds.
2. Long-term: Mixed, needs confirmation from support zones.

1. President Trump signed an executive order imposing a 10% tariff on nearly all imported goods, citing a national emergency due to foreign trade practices. This tariff is set to take effect on April 5, 2025.

2. Increased Tariffs on Specific Countries:

1. China: An additional 34% tariff has been imposed, bringing the total tariff on Chinese goods to 54%. This targets approximately $438.9 billion worth of imports, including electronics and apparel.
2. European Union: Subject to a 20% tariff on exports to the U.S., notably affecting pharmaceuticals.
3. Vietnam: Faces a 46% tariff, impacting goods like furniture and semiconductors.
4. Taiwan: Exports, especially electronics and semiconductors, are now under a 32% tariff.
5. Japan: Subject to a 24% tariff on vehicle parts and motors.

3. Elimination of De Minimis Provision:

1. The administration has ended the de minimis provision, which previously allowed tax-free entry of packages valued under $800 from China and Hong Kong. Effective May 2, 2025, these low-value shipments will incur a 30% duty or $25 per item, increasing to $50 after June 1. This move aims to curb the influx of inexpensive foreign goods.

4. Global Economic Reactions:

1. Financial markets have reacted negatively; for instance, the Nasdaq dropped 6%, and the U.S. dollar reached a six-month low. Experts warn of potential inflation increases and rising unemployment.
2. International leaders have expressed concerns, with European Commission President Ursula von der Leyen warning of possible retaliation.

These measures represent a significant shift in U.S. trade policy, aiming to address trade imbalances and protect domestic industries. However, they also raise concerns about potential trade wars, increased consumer prices, and global economic instability.