🚨XAUUSD after Trade Balance Data Soar once again to $3365 high , with a low hitting just before data release at $3349.
What This Means for the US Dollar
•✅ Trade deficit narrowed from –$71.7B to –$60.2B
•📉 Imports fell sharply (–$12.8B), while exports dipped slightly (–$1.3B)
•🟢 This signals improvement in net exports, which can support GDP growth
•💵 A smaller deficit typically strengthens the USD, as it reflects better trade dynamics
XAUUSD possible Traction Numbers:
With the stocks session of this trade balance news effect of US dollar gain strength we will see a fall in gold prices our stops prices are $3340-$3311-$3300
if we see a weak US Dollar after stock sessions we will see a rise in gold prices
$3375-$3385 once again and if sustained it will go for $3400
XAUUSD CMP $3366
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