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BTCC / BTCC Square / Global Cryptocurrency /
Gold (XAU/USD) Retracement Expected Amid US-China Tariff Reductions

Gold (XAU/USD) Retracement Expected Amid US-China Tariff Reductions

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-05-19 13:01:02
0

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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