Gold Breaks $3,120: Next Stop $3,200?
What’s Driving Gold Higher?
Trade War Fears: Trump plans reciprocal tariffs on multiple nations, fueling uncertainty.
Geopolitical Tensions: Threats of 25-50% tariffs on Russian oil and potential sanctions on Iran add risk.
Key Levels to Watch
Support: $3,050, $2,910, and 100-day SMA at $2,653.
Resistance: A close above $3,120 could push gold toward $3,200 and beyond.
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