Gold Faces Bearish Pressure as U.S.-China Trade Deal Strengthens Dollar
The U.S.-China tariff resolution has injected fresh volatility into Gold markets, with XAUUSD testing critical support levels. A stronger dollar and reduced safe-haven demand threaten to push prices toward $3,000—a psychological threshold for bullion traders.
This week’s price action will hinge on U.S. economic data releases, which could either accelerate gold’s decline or trigger a short-covering rally. Technical indicators suggest a potential reversal pattern forming NEAR current levels, though macroeconomic headwinds remain dominant.
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