Gold surged, USD slips on Trump’s tariff & Fed politicization
·
Wall Street stumbled as the Trump tariff finally
kicks in ~21% weighted average rate vs 3% earlier; US importers & consumers
may have to bear 70-90%
·
Trump may not meet Putin personally until Putin
meets Zelenskyy to finalize the Ukraine war ceasefire deal
·
Trump’s growing tendency to weaponize tariffs in
geopolitical issues and politicize the Fed and, BLS is undermining the USD and
Wall Street
·
The US economy may face both demand and supply
shocks as a result of Trump tariffs, something which may not be good for the
overall Goldilocks nature
As of July 7, 2025, President Trump’s tariff
actions have been a central component of his trade policy, focusing on
addressing trade imbalances, boosting U.S. manufacturing, and leveraging
tariffs for economic and non-trade objectives. On April 2, 2025, Trump declared
a national emergency under the International Emergency Economic Powers Act
(IEEPA), citing large U.S. trade deficits as a threat to national security and
the economy. He imposed a baseline 10% tariff on imports from nearly all
trading partners, with higher country-specific "reciprocal" tariffs
(up to 50%) for nations with significant trade imbalances. These tariffs were
initially paused for 90 days (except for China) to allow negotiations, with
deadlines extended multiple times.
On July 7, Trump signed an executive order
extending the tariff implementation deadline from July 9 to August 1, 2025, to
allow further negotiations. He also began sending letters to foreign leaders,
announcing new tariff rates effective August 1. These letters outlined
country-specific tariffs ranging from 10% to 50%, reflecting perceived trade
imbalances, geopolitical issues, and negotiation outcomes.
Product-Specific
Tariffs: Sectoral tariffs
·
Steel, Aluminum, and Copper: Under Section 232, tariffs on steel, aluminum, and
copper were raised to 50%. On July 30, Trump imposed a 50% tariff on
semi-finished copper products and copper-intensive derivatives, effective
August 1.
·
Automobiles:
A 25% tariff on imported cars and parts from most countries was implemented,
with some relief for vehicles assembled in the U.S. using foreign parts (e.g.,
a 3.75% rebate in year one).
·
Tomatoes from Mexico: On July 14, the Commerce Department withdrew from
a 2019 agreement, subjecting Mexican tomatoes to a 20.91% tariff.
·
Pending Tariffs: On July 14, Trump threatened a 250% tariff on pharmaceutical imports to
force pharma companies to manufacture in the US.
·
Transshipment Tariffs: A new 40% tariff on goods transshipped to evade
duties was introduced, targeting practices like repackaging Chinese goods in
other countries.
·
Non-Trade Objectives: Trump used tariffs to address non-trade issues,
such as Brazil’s political situation, India’s buying of Russian oil, and
Canada’s inclination for a separate Palestine state, reflecting a strategy of
leveraging trade policy for broader geopolitical goals.
·
Fentanyl Tariffs: As of August 8, 2025, President Donald J. Trump has implemented and
threatened tariffs on Canada (25%), Mexico (25%), and China (20%), citing the
flow of illicit fentanyl and other drugs as a key justification. These tariffs,
often referred to as "fentanyl tariffs," are part of a broader trade
policy invoking the International Emergency Economic Powers Act (IEEPA) to
address what the administration calls a national emergency posed by drug
trafficking and public health crises.
While Trump’s administration claims tariffs will
boost U.S. manufacturing and reduce trade deficits, critics argue they risk
global trade wars, increase consumer prices, and disrupt alliances. The
inconsistent deadlines and high rates have caused market uncertainty, and the
use of tariffs for non-trade issues (e.g., Brazil’s political trials) raises
questions about their strategic coherence.
Major
Trading Partners: Country-Specific Tariffs from August:
·
European
Union(EU): 15% vs 20% in April
·
China: 30%
(including Fentanyl tariff 20%) vs 34% in April
·
Canada:
Effective weighted average tariffs would be ~11.00% from August vs 10.00%
earlier in April’25; 35% base tariff + 25% fentanyl tariff on non-USMCA goods
(~10% of imports), effective August 1, 2025; USMCA goods (~40%) exempt;
energy/potash at 10% (on ~50% of Canadian exports). Canada’ USMCA-compliant
goods (~38/40%) primarily consist of autos and parts meeting 75% North American
content. Energy and potash exports (~52/50% consist of mainly oil, gas, and
minerals face a 10% tariff. The remaining ~8/10% are non-USMCA-manufactured
goods like electronics or agricultural products face the 60% tariff from
August’25 vs the earlier 50% in April’25
·
Mexico: ~13.7%
from August vs 12.50% in April; Tariffs remain at 25% for most goods, with a
17% tariff on tomatoes.; 25% base tariff + 25% fentanyl tariff on non-USMCA
goods (~50%), effective March 4, 2025, under IEEPA. USMCA-compliant goods
(~50%) are exempt indefinitely.
·
Japan: 15% vs
24%
·
Vietnam: 20% vs
46%
·
U.K.: 10% vs 10%
·
India
25%+25%=50% vs 26% (including Russian oil punishment tariff 25%)
·
South Korea: 15%
vs 30%
·
Taiwan: 20% vs
32%
·
Brazil: 10% vs
50% (including 40% Political tariff)
·
50% – Brazil,
India
·
41–45% – Syria,
Laos, Myanmar
·
30–39% – China,
Canada, Switzerland, Algeria
·
25–29% – Mexico,
Tunisia, Moldova, Kazakhstan
·
19-20% – Taiwan,
Sri Lanka, Vietnam, Bangladesh,
·
15% – EU, Japan,
Israel, Ghana, over 60 others
·
Targeting 69+
nations-weighted average rate ~21-23% vs 3% prior (3.5-2.5)
·
Highest U.S. tariff regime in 100+ yrs.
Trump’s
tariffs may cause synchronized global stagflation in 2026
Overall, as of now, the weighted average Trump
tariffs would be ~20.5% from August 7, at least theoretically, against the earlier
3.5% in pre-Trump 2.0 and 10.5% in H1CY25. Assuming ~18% net increase in
tariffs, and equal burden sharing by US importers, consumers and also global
exporters, each has to bear ~6% each. But as per the ground report, US
importers and consumers may have to bear at least 50% and 40% Trump tariff
costs; global exporters may not be able to bear more than 10%. In any way, US
corporate earnings may face 6-10% Trump tariff pressure, while the cost of
living for US consumers may be increased by 6-7%, while global exporters may
face a 2-6% margin squeeze to retain US market share. All these may lead to
synchronized global stagflation in 2026.
Nobel Peace
Prize Aspirant Trump is now trying to pressure Russia to stop the Ukraine war:
Trump has escalated his trade policy by threatening
and implementing secondary or "punishment" tariffs on countries
importing Russian oil, with a particular focus on India, while also signaling
potential actions against China and other nations like Brazil and Turkey. These
tariffs aim to pressure Russia into resolving its war in Ukraine by targeting
its major oil buyers. Trump’s strategy involves using secondary
tariffs—penalties on countries trading with sanctioned nations like Russia—to
curb Moscow’s oil revenue, which funds its military actions in Ukraine. These
tariffs are distinct from primary tariffs (e.g., reciprocal tariffs under the
IEEPA) and are designed to deter countries from purchasing Russian energy. The
policy builds on Trump’s earlier executive orders, such as those targeting
Venezuelan oil buyers, and reflects a shift from traditional sanctions to
trade-based penalties.
Trump’s objective is to starve Russia of oil
revenue, which amounted to approximately $192 billion in 2024, according to the
International Energy Agency (IEA). Russia exports about 4.5–5 million barrels
per day, with China (47%), India (38%), the EU (6%), and Turkey (6%) as its
largest buyers. Trump has
threatened tariffs up to 100% on countries buying Russian oil, with specific
actions already taken against India. These tariffs would apply to all exports
from the targeted country to the U.S., not just energy-related goods,
significantly impacting trade.
·
July 30, 2025: Trump announced a 25% tariff on Indian goods effective August 7, 2025,
citing India’s high tariffs on U.S. goods and its reliance on Russian oil and
military equipment. He also threatened an additional “penalty” tariff for
India’s Russian oil purchases, accusing India of profiting by reselling Russian
oil on the open market.
·
August 6, 2025: Trump signed an executive order doubling India’s tariff to 50%, adding
a 25% penalty tariff (effective August 27, 2025) on top of the existing 25%
tariff (effective August 7, 2025). The order, titled “Addressing Threats to the
US by the Government of the Russian Federation,” explicitly cited India’s
direct or indirect imports of Russian oil. This places India among the
highest-tariffed nations, alongside Brazil, at a competitive disadvantage compared
to other Asean peers (15-20%).
India’s Ministry of External Affairs called the
tariffs “unjustified and unreasonable,” emphasizing that its oil imports are
driven by market factors and the need to ensure energy security for 1.4 billion
people. India noted that the U.S. and EU also trade with Russia (e.g., $3.5
billion in U.S.-Russia trade in 2024, 67.5 billion euros in EU-Russia trade,
including LNG). New Delhi vowed to protect its national interests and has not
committed to halting Russian oil purchases.
Analysts estimate Trump tariffs could reduce India’s GDP by 0.3–0.5%,
primarily affecting textile, leather, and seafood exports. However, some argue
the impact is minimal compared to the cost of losing discounted Russian oil,
which has stabilized global prices. Indian refiners have paused some Russian
oil purchases, but long-term contracts remain unchanged.
China:
By July 7, China faced a 30% tariff under Trump’s
reciprocal tariff framework, but no specific secondary tariffs for Russian oil
were announced. China, the largest buyer of Russian oil (47% of Russia’s crude
exports), was in ongoing trade negotiations, with a 90-day tariff pause granted
in some contexts, possibly to secure concessions. Trump hinted at potential
secondary sanctions on China, stating on August 6, “You’re going to see a lot
more… so much secondary sanctions,” when asked why India was singled out while
China, the largest Russian oil buyer, faced no additional tariffs.
Trump’s August 6 executive order directed U.S.
officials to identify other countries importing Russian oil and recommend
further actions, potentially targeting Brazil, Turkey, and others. Brazil’s 50%
tariff rate aligns with India’s, indicating it may also face penalties for
Russian oil purchases. Turkey’s status remains unclear, but its role as a major
buyer makes it a likely target.
NATO chief Mark Rutte, on July 16, 2025, urged
Brazil, India, and China to pressure Putin for peace talks, warning of economic
consequences if they continue buying Russian oil. Treasury Secretary Scott
Bessent, on July 29, 2025, warned Chinese counterparts in Stockholm that
Trump’s threats to escalate sanctions on Russian oil buyers should be taken
seriously. China has remained largely unfazed, continuing to import Russian oil
and even sanctioned Iranian oil via intermediaries, suggesting confidence in
navigating U.S. pressure. No specific penalty tariff on China for Russian oil
was confirmed by August 8, 2025, raising questions about selective enforcement.
Trump’s secondary tariffs aim to isolate Russia
economically by targeting its oil revenue, but critics argue they risk
alienating key allies like India, a strategic counterweight to China. The
selective targeting of India over China has drawn accusations of inconsistency,
as China’s larger oil purchases have not yet faced equivalent penalties.
Curtailing Russian oil exports (5% of global
consumption) could spike prices above $120 per barrel, harming U.S. consumers
and triggering inflation. India’s purchases have helped stabilize global prices
by absorbing discounted Russian oil.
Trump-Putin
meeting delayed
Noble Peace Prize Aspirant Trump is now seeking to
end the Ukraine war immediately, while Putin may also be exploring favorable
ceasefire terms & conditions under Trump 2.0. On August 6, 2025, U.S.
President Trump announced that "great progress" was made during a
meeting between his special envoy, Steve Witkoff, and Russian President
Vladimir Putin in Moscow. The talks, described as "highly productive"
by Trump on Truth Social, focused on seeking a ceasefire in the Russia-Ukraine
war, ahead of a U.S.-imposed deadline for Russia to reach a peace deal by
August 8, 2025, or face severe economic sanctions, including secondary tariffs
on countries buying Russian oil, such as India.
On August
7, 2025, U.S. President Donald Trump announced he would only meet with Russian President Vladimir
Putin if Putin also agreed to meet with Ukrainian President Volodymyr Zelensky
to negotiate an end to the war in Ukraine. This condition highlights Trump’s
push for a trilateral summit to address the ongoing conflict. Also,
a White House official told ABC News that a meeting
between U.S. President Donald Trump and Russian President Vladimir Putin has
not been finalized, contradicting earlier Kremlin claims that a meeting had
been agreed upon with a location secured.
Trump may
replace Fentanyl tariffs on China with Russian oil punishment tariffs:
Looking ahead, Trump may withdraw 20% Fentanyl
tariffs on China for ‘satisfactory’ progress in preventing the precursor
supplies, but may also impose 25% Punitive Russian oil (punishment) tariffs on
China, so that all main BRICS countries has to face 30%-50% tariffs to sell
goods in the US; India (50%); Brazil (50%); China (30-35%); South Africa (30%)
and Russia (may be 50%). Trump will not like the sudden romance between India
and China, supported actively by Brazil, Russia and other BRICS countries.
BRICS may officially respond and state Trump’s unilateral tariff imposition and
bullying tactics in the coming days.
Trump’s New
Golden Age for America reaches 200 days:
On August 7, 2025, the White House published an
article titled “200 Days of Winning: President Trump Is Keeping His Promises,”
detailing President Trump’s accomplishments in his first 200 days of his second
term. The article frames these achievements as evidence of Trump’s commitment
to an “America First” agenda, claiming his first 200 days outpaced most
administrations’ full terms, with more progress expected along with a rercord
amount of ~$17T investment commitments by various US/non-US MNCs to set up
their production facilities in the US (at Trump’s tariff gun point).
·
Trade and Tariffs: Trump secured eight historic trade deals covering
over half of global GDP, generating over $150 billion in tariff revenue,
fulfilling his March 9, 2024, promise to impose reciprocal tariffs on countries
like China to address unfair trade practices.
·
Economic Policies: The One Big Beautiful Bill, signed into law, delivered
the largest tax cut in history, including no tax on tips, overtime, or Social
Security, as promised on October 12, 2024. The S&P 500 and NASDAQ hit
record highs, inflation moderated, and egg prices dropped 67% from their peak,
aligning with Trump’s September 13, 2024, prosperity pledge.
·
Immigration:
Illegal border crossings reached a new monthly low, with zero releases into the
U.S. interior for multiple months, and border wall construction resumed in El
Paso and the Rio Grande Valley, fulfilling an October 12, 2024, promise to
close the border.
·
Energy:
The administration opened 13 million acres in Alaska for mining and drilling,
ending Biden-era wind energy preferences, as promised on August 3, 2024. Gas
prices hit a 20-year low by Memorial Day 2025, per a January 16, 2024, pledge.
·
Defense and Foreign Policy: NATO nations agreed to raise defense spending to
5% of GDP, exceeding Trump’s August 26, 2024, 3% target. A draft plan for a
U.S.-built “Golden Dome” missile defense system was announced, fulfilling a
June 15, 2024, promise.
·
Crime and Safety: Deportation of tens of thousands of criminal illegal immigrants
contributed to a projected record-low murder rate, as promised on November 4,
2024. Over 13,000 of 325,000 missing migrant children were located, addressing
a November 1, 2024, pledge.
·
Technology and Crypto: The America’s AI Action Plan and the GENIUS Act
for stablecoin regulation were unveiled, fulfilling December 12, 2024, and May
26, 2024, to lead in AI and cryptocurrency.
·
Regulatory Reform: Trump cut regulations at a 10-to-1 ratio,
surpassing his first term’s 4-to-1 rate, as promised on October 10, 2024. A
merit-based federal hiring plan was also implemented, per an August 29, 2024,
commitment.
·
Social Policies: Multiple medical institutions halted gender-affirming care for minors,
and the U.S. Olympic Committee banned men from women’s sports, keeping promises
made on November 18, 2023, and May 26, 2024. Federal agencies were directed to
protect religious expression, per a January 19, 2025, commitment.
USD slips,
Gold surged after Trump appointed his ‘yes man’ and tariff hawk (czar) Miran as
temporary Fed Governor, while hinting at Waller as the next Fed Chair. On August 7, 2025, President Trump announced the
appointment of Dr. Stephen Miran, the current Chairman of the Council of
Economic Advisers, to fill a vacant seat on the Federal Reserve Board until
January 31, 2026. The announcement, reported by breakingthenews.net, highlights
Miran’s temporary appointment while a permanent replacement is sought. Trump
praised Miran’s credentials, noting his Ph.D. in Economics from Harvard
University, his service during Trump’s first administration, and his role from
the start of the second term. Trump emphasized Miran’s economic expertise,
expressing confidence in his ability to excel in the role. Trump said he will
nominate CEA Chair Stephen Miran to fill the Fed seat being vacated this week
by Adriana Kugler. Miran has been a resolute advocate of Trump's economic
agenda and very critical of the Fed's decision to cut rates last year.
Miran’s public profile centers on trade policy,
tariffs, and addressing U.S. trade deficits through measures like the proposed
“Mar-a-Lago Accord,” rather than advocating for loose monetary policy. While he
might push aggressively for lower interest rates, aligning with Trump’s
criticism of the Fed, others label him an inflation hawk, and his writings
suggest a pragmatic approach focused on trade leverage and dollar valuation
over traditional dovish policies like rate cuts. His economic philosophy,
rooted in protectionism and fiscal policy, aligns more closely with Trump’s
agenda than with conventional dovish or hawkish monetary policy categories.
Last year, Miran and a co-author decried the
"revolving door" between the Fed and the executive branch: "Short-circuiting
the revolving door between the Fed and the executive branch is critical to
reducing the incentives for officials to act in the short-term political
interests of the president." In a paper, they proposed a top-to-bottom
legislative overhaul of the governance of the Fed, which they said had failed
to remain apolitical under its current institutional arrangements. Among their
proposals: make governors removable by the president for any reason and impose
a four-year ban on Fed officials from serving in an executive branch office.
Trump
posted on his Truth:
·
It is my Great
Honor to announce that I have chosen Dr. Stephen Miran, current Chairman of the
Council of Economic Advisors, to serve in the just vacated seat on the Federal
Reserve Board until January 31, 2026. In the meantime, we will continue to
search for a permanent replacement. Stephen has a Ph.D. in Economics from
Harvard University and served with distinction in my First Administration. He
has been with me from the beginning of my Second Term, and his expertise in the
World of Economics is unparalleled — He will do an outstanding job.
Congratulations Stephen!
Highlights
of comments by US CEA's Miran: August 7, 2025
·
Fed's Waller
hasn't succumbed to tariff derangement syndrome
·
Waller has built
up an impressive track record in forecasting inflation and employment
·
There will be checks
on the chip tariff exemption
·
Chip tariff
exemption depends on good-faith efforts
·
Fed's Waller has
met with the Trump team, but not with the President
·
The Trump team
likes Fed's Waller's desire for rate cuts based on forecasts, and favors him
for Fed Chair
The US
Commerce Secretary Lutnick:
·
Trump has spoken
to all key tech leaders in recent days
·
The US is likely
to extend the China deadline for another 90 days
·
On China: I
expect the deadline to be extended
The US
Treasury Secretary Bessent:
·
TikTok Deal Is
Separate From China Trade Deal
·
China is purchasing
Russian oil
·
China tariffs
could be considered at some point
·
The BRICS
countries gathering is largely ceremonial (according to reports of BRICS
combating US tariffs)
·
Fed's lack of
logic on rates
·
Manufacturers
consuming tariffs
Trump’s
comments:
·
Asked if Putin
needs to meet with Zelenskyy first: No
·
Putin does not
need to meet Zelenskyy before I do
·
On India tariff:
No talk until we get things resolved
·
On Russia
Deadline: Up to Putin
·
Trump stands
next to the board of BLS charts in the Oval Office, criticizing its data
integrity.
·
Trump signed an
executive order to allow 401(k) investors to access alternative assets (cryptocurrencies)
for better returns and diversification.
·
Trump directs
labor department to consider private assets in 401(k)s
·
Trump on Fed
board pick: We will continue to search for a permanent replacement
·
On a visit to
China: I'm most likely going in too not-too-distant future, maybe before the
year is out.
Trump is
also aiming for the Nobel Prize in economics for his tariff policies to change
global trade dynamics; MAGA or MAWA.
·
The reason that
The Wall Street Journal Editorial Board is always negative on “TRUMP,” and the
Hundreds of Billions of Dollars we’re bringing into our Country through
Tariffs, numbers that the U.S.A. has never seen before, is because they are
China centric or, at a minimum, Globalists, and they would rather see China and
the World, for reasons unknown, “WIN, BABY, WIN.” If the United States were not
able to charge Tariffs to other Countries, it would be Economically defenseless
and of no further force or effect. The only thing that can destroy our Country
are Crooked, Radical Left Judges, of which there are many!
Conclusions
Trump is now increasingly looking like a ‘Modern
day Hitler’; his dictator/autocrat like attitude and policies influenced by his
most obedient inner circles is causing more harm to the US economy and causing
US isolation globally; almost all major global leaders are now looking for the
end of his 2nd term in 2029 and also the 2026 mid-term election
result amid his declining popularity. The weighted average rate of Trump’s
tariff from August’25 would be ~20.5% vs 3.5% prior and the highest in 100 years,
and the majority of it will have to be borne by US importers/producers and
consumers, not global exporters or by FX leverage as being portrayed by the
Trump admin.
Higher tariffs may affect the Goldilocks nature of
the US economy, helped by cheaper imported goods and a strong/stable USD.
Trump's politicization of Fed BLS (economic data) is also affecting the US
institutional credibility and the USD. The US dollar index is now down over 12%
over the last year. Although, weaker USD is theoretically good for US export-savvy
MNCs, overall, it will be bad for the US economy as imported inflation will go
up in conjunction with higher tariffs. Also, the increasing trend of
‘boycotting’ US goods in various countries, being bullied heavily by Trump, may
affect US exports or sales of products by various US MNCs abroad. All these may
affect the US economy in the coming days and result in MAWA (Make America Worse
Again) contrary to MAGA (Make America Great Again).
Market
impact:
On Thursday, August 7, 2025, Wall Street closed
mixed. The S&P 500 edged down 0.1%, while the Dow-30 stumbled 224 points,
or 0.5%. The Nasdaq 100 managed a modest 0.3% gain, initially buoyed by
semiconductor stocks after Trump announced a 100% tariff on imported
chips—excluding US-based manufacturers. However, sentiment quickly deteriorated
on broader economic concerns as Trump tariffs kicked in in their full modified
form after months of delay and dallying. USD slips, while Gold surged on the
concern of stagflation and as Trump appointed his ‘Tariff Man’, obedient present
CEA Miran as a temporary Fed Governor on the Fed board and indicated Waller as the
next Fed Chair. Trump has also fired the BLS head, as the latest job data indicates
a weak labor market under Trump 2.0. All these Trump actions will undermine the
Fed, the US and the USD's credibility. The market is already discounting 50 bps
cumulative Fed rate cuts in September and December’25.
On the corporate front, Eli Lilly shares tumbled
after disappointing results from an obesity drug trial, while Intel slid
following Trump’s call for the company’s CEO to resign—both moves adding to the
market’s decline. Apple bucked the trend, surged after the company announced a
$100 billion US investment plan, adding to prior commitments of $500B, in a
sign of reconciliation after months of tariff threats escalation over Apple’s
production facilities in India, from where most of the US iPhones are now
exported to the US. Trump wants 100% production of all vital goods for
Americans in the US rather than outside, but due to a lack of basic raw
materials, the US has to import these and overall production costs may jump in
the US for various other issues. Trump has to develop a China-like industrial
and logistical infrastructure to compete with China; mere tariffs may not be
sustainable in the long run, which will ultimately encourage inefficiencies on
the part of US manufacturers.
Weekly
Technical outlook: DJ-30, NQ-100, SPX-500 and Gold
Looking
ahead, whatever may be the narrative, technically Dow Future (CMP: 44800) now has to sustain over 45000 for a
further rally towards 45300*/45800* and only sustaining above 45800, may
further rally to 46100/46500-47100/47200 in the coming days; otherwise
sustaining below 44950, DJ-30 may again fall to 44200/43900-43400/42400 and
41700/41200-40700/39900 in the coming days.
Similarly,
NQ-100 Future (23600) now has
to sustain over 23800-24000 for a further rally to 24100/24450-24700/25000 in
the coming days; otherwise, sustaining below 23750-22900, NQ-100 may again fall
to 22400/22200-21900/20900-20700/20200 and 19890/18300-17400/16400in the coming
days.
Looking
ahead, whatever may be the fundamental narrative, technically SPX-500 (CMP: 6400) now has to sustain over 6500 for a
further rally to 6600/7000-7500/8300 in the coming days; otherwise, sustaining
below 6450-6375/6300-6250/6200, SPX-500may again fall to 6000/5800-5600/5300 in
the coming days.
Technically
Gold (CMP: 3400) has to sustain over 3405-3425 for a
further rally to 3450/3475-3495/3505*, and even 3525/3555 in the coming days;
otherwise sustaining below 3400-3360, Gold may again fall to
3340/3320-3300*/3280 and 3255*/3225*-3200/3165* and further to
3130/3115*-3075/3015-2990/2975-2960*/2900* and 2800/2750 in the coming days.
Disclaimer: I
am an NSE-certified Level-2 market professional (Financial Analyst- Fundamental
+ Technical) and not a SEBI/SEC-registered investment advisor. The article is
purely educational and not a proxy for any trading/investment
signal/advice. I am a professional
analyst, signal provider, and content writer with over ten years of experience.
All views expressed in the blog are strictly personal and may not align with
any organization with, I may be associated.
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