On Tuesday (July 15) in the Asian session, spot gold fluctuated narrowly and is currently trading around $3345.22 per ounce. The direct cause of this round of gold surge is the latest round of tariff threats from the Trump administration. On July 12, the US President suddenly announced that he would impose a high tariff of 30% on most goods imported from the EU and Mexico from August 1. This decision is like a blockbuster bomb, causing strong shocks in the global market. The EU responded quickly. Trade Commissioner Šefčović said that a list of retaliatory tariffs worth 21 billion euros had been prepared, but at the same time emphasized that "there is still the possibility of continuing negotiations." The US June CPI data will be released on this trading day, and investors need to pay close attention.

At the same time, the US plan to provide military assistance to Ukraine through NATO is also accelerating, and several European countries such as Germany and Finland have expressed their willingness to participate in the "re-arming" of Ukraine. . This tough statement marks a major shift in the US policy toward Russia and may exacerbate tensions in Eastern Europe. Although the market has a flat reaction to the news, once the situation worsens, safe-haven funds may once again pour into the gold market.

From the daily level of spot gold, yesterday's gold price hit a high and fell back to record a large real body Yin line K-line pattern, but the price fell back to the moving average and was supported and rebounded. In addition, the MACD indicator double line showed signs of golden cross, suggesting that the gold price may stabilize and rebound again. You can pay attention to the support strength of the MA5 moving average.

From the 4-hour level of spot gold, the gold price has continued to rebound after being supported at the 3282 first-line position. Although it has been under pressure after rebounding to the position near 3374, the current support has shown signs of moving up to the position near 3342. However, since the moving average has not yet formed effective support, it is recommended to pay attention to the 3340-3370 range during the day, and the breakthrough direction can be used as a reference signal for the short-term trend direction in the future market. Pressure: 3370-3380-3390 Support: 3360-3350-3340.

Disclaimer: The article is contributed by the market analyst from Bitop market observation team. The content is solely for personal opinions and sharing. The analysis is time-sensitive and provided for reference and discussion only. It does not constitute any investment advice. The market is risky, so investing should be done cautiously.