Discover an easy-to-understand weekly trading plan for gold (XAU/USD), including price ranges and trading tips. Learn how tariffs and policies affect gold prices in this beginner-friendly guide.
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Why Gold Prices Are Stuck Right Now
Gold prices are currently moving between $3,120 and $3,440 per ounce. This is because of ongoing tariff issues and the U.S. government’s protectionist policies. Until these issues are sorted out, gold will likely stay within this price range.
How to Trade Gold This Week
If gold prices rise close to $3,440, it might be a good time to consider short-term selling (short trades). This means you sell gold expecting the price to drop slightly, then buy it back at a lower price.
However, if the U.S. decides to remove universal import duties, XAU/USD prices could change. In that case, selling gold at the current market price might be a smart move.
Tips for New Traders
- Keep an eye on news about tariffs and U.S. policies.
- Watch gold prices closely, especially near $3,100 or $3,400.
- Start small and trade carefully to learn how the market works.
This simple plan can help you make smarter trading decisions with gold this week!
