Navigating the Range Ahead of Tariffs Announcement

📢 News 📢

President Trump is set to announce new tariffs today, April 2, 2025, at 4 p.m. Eastern Time. This initiative, dubbed "Liberation Day," aims to boost U.S. manufacturing by targeting imports like autos, steel, and pharmaceuticals. 📦💊 However, economists warn that these measures could lead to higher consumer costs and disrupt trade relations. 📉💹

This news might influence market sentiment and could have implications for gold trading. Keep an eye on how the market reacts! 📈💰

📊XAUUSD 1H Analysis (Current Situation)
Market Structure:
The market is in a clear bullish trend with strong momentum from the previous sessions.

Recent price action shows consolidation near 3,132, suggesting a potential liquidity build-up.

There is a higher high formation, but rejection from the supply zone around 3,139 - 3,150.

Key Technical Zones & Confluences:
Supply Zone / Potential Sell Area:

3,139 - 3,150: If price reacts with strong rejections here, a potential short opportunity may emerge.

3,165 - 3,182: If price breaks above 3,150, this is the next key resistance area.

Demand Zone / Potential Buy Areas:

3,110 - Strong Rejection Zone: If price pulls back here and finds bullish confirmations (e.g., bullish engulfing, liquidity grab), a long entry could be valid.

3,092 - 3,075 Potential Buy Zone: A deeper retracement into this level could provide a sniper entry opportunity.

🔴 Sell Setup

Entry Zone: $3,133 - $3,135

SL: Above $3,138 (tight protection)

TP1: $3,128 (first reaction)

TP2: $3,117 (liquidity zone)

TP3: $3,103 (full move)

📌 Reasoning:

Mid-range premium pricing (not at extreme highs but still valid)

Multiple rejections in this zone (potential shift in order flow)

Possible short-term retrace before continuation

🔴 Sell Idea

Entry Zone: $3,145 - $3,150

SL: Above $3,153 (small wick safety)

TP1: $3,132 (reaction level)

TP2: $3,128 (stronger demand)

TP3: $3,117 (full imbalance fill)

📌 Reasoning:

Liquidity grab potential above $3,145

Imbalance & order block confluence

Possible rejection from premium supply

🟢 Buy idea

Entry Zone: $3,094 - $3,089

Stop Loss (SL): Below $3,085

Take Profit (TP) Levels:

TP1: $3,117

TP2: $3,128

TP3: $3,150

📌 Reasoning:

Unmitigated demand zone

Imbalance around $3,094 suggests a reaction

Strong liquidity pockets nearby

📌 Important Notice!!!
The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your own plan and wait for confirmation before taking action.