2735$ still a strong support zone.below 2735 expect a downfall.
If Donald Trump were to win the U.S. election, the potential impact on gold prices could unfold through several channels:
Market Volatility: Trump's policies, especially regarding trade and foreign relations, have historically introduced volatility to the markets. This unpredictability can drive demand for gold as a safe-haven asset.
Dollar Strength: Under Trump's administration, a focus on trade protectionism and "America First" policies led to fluctuations in the dollar. A weaker dollar typically supports gold prices, as gold becomes cheaper for buyers using other currencies.
Inflation Expectations: Trump's emphasis on fiscal spending, especially on infrastructure and tax cuts, could heighten inflation concerns if reintroduced. Rising inflation expectations often drive up gold prices as investors seek a hedge.
Interest Rates and Federal Reserve Policies: Trump previously supported low interest rates, which can benefit gold by making it more attractive compared to interest-bearing assets.
A sell zone on GOLD is visible below 2735.
Market Volatility: Trump's policies, especially regarding trade and foreign relations, have historically introduced volatility to the markets. This unpredictability can drive demand for gold as a safe-haven asset.
Dollar Strength: Under Trump's administration, a focus on trade protectionism and "America First" policies led to fluctuations in the dollar. A weaker dollar typically supports gold prices, as gold becomes cheaper for buyers using other currencies.
Inflation Expectations: Trump's emphasis on fiscal spending, especially on infrastructure and tax cuts, could heighten inflation concerns if reintroduced. Rising inflation expectations often drive up gold prices as investors seek a hedge.
Interest Rates and Federal Reserve Policies: Trump previously supported low interest rates, which can benefit gold by making it more attractive compared to interest-bearing assets.
A sell zone on GOLD is visible below 2735.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.