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Gold (XAU/USD) Retracement Expected Amid US-China Tariff Reductions
Gold (XAU/USD) Retracement Expected Amid US-China Tariff Reductions
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Gold prices faced downward pressure as the United States and China agreed to reduce tariffs on May 12, defusing trade tensions and boosting global markets. XAU/USD touched $3,121, but a retracement toward $3,300 is now anticipated as late sellers are squeezed out.
Key pivot levels will dictate trading strategies for the week of May 19–23, 2025. The tariff reduction marks a significant shift in geopolitical risk sentiment, traditionally a driver of Gold demand.
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