XAUUSD Trump exempts gold uranium tungsten from tariffs although a clarification gold has already came in last month. But it's going to be in effect from Monday! Reports Bloomberg. Can this cause pending retracement or correction in spot price? Attaching link bellow
XAUUSD is that true ? “Indian households collectively hold more gold than all the world’s central banks combined. While central banks hold around 36,000 tons of gold as official reserves, Indian families possess approximately 25,000–27,000 tons of gold, mostly in jewelry. This makes India the largest private holder of gold globally, with South Indian households particularly known for their significant holdings
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XAUUSD New leg -Here’s the view after today’s NFP gold after the 3400 breakout surged to 3520, past it heading towards a very strong close here. This close is what forms the trend, giving gold the path to another 10% from here and another 20% if we had a correction to load up 3400-3430.(3480-3520)
Big time from the triple top breakout, it will be overall a 100% rise ride without any corrections which look intense. All the data in recent times seemed to be forced with one another, contradicting each other.
From here, 10% we hit 4K, and from the breakout level 3430 we hit 4160–4200 range. That’s the completion of the 100% total.
This extreme rally in gold got major points to turn back to correct itself – rather it didn’t, showing how largely macro dynamics are heavily distorted.
Ok with this upswing and completion, this vertical rally will definitely have one big blow finally later when it’s really time. Until the ride the bull .
XAUUSD Trump exempts gold uranium tungsten from tariffs although a clarification gold has already came in last month. But it's going to be in effect from Monday! Reports Bloomberg. Can this cause pending retracement or correction in spot price?
