COMEX BullionPotential Tariffs on Russian Oil:
President Trump has threatened to impose secondary tariffs ranging from 25% to 50% on Russian oil imports if a peace agreement to end the conflict in Ukraine isn't reached promptly. This move aims to pressure Russian President Vladimir Putin to expedite negotiations.
- Trump said on Iran, 'If they don’t make a deal, there will be a bombing. It will be bombing the likes of which they have never seen before.'
- He also warned that he will impose 'secondary tariffs' on Iran
Effect: Gold will shoot up 1 way base on this
Gold has already open the gate of 3378$ based on the Tremendous Tariff for a long term.
Today is a 31st March 2025 still 2 more days to go on Tariff announcement.
50$ on an average upside one way is apply for the day
which comes around 3237$ in spot gold.
Donald Trump is Use Tariff like a Candy of a Baby
For any problem there is only 1 solution for him is to apply a Tariff on the countries.
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Gold Spot( Intraday Report only)
- Daily Limit of Upside is 50$ on an average from it's Low price
- Friday closing was 3086$ in spot + 50$ = 3136$
- This is the major reason There will be a selling point for the intraday Gold
Range: 3140$ - 3000$
Our Preference: Sell Gold @ 3140 with back up 3148 target 3102$ with SL 3152$
Alternative Scenario: Buy Gold 3098$ with SL 3090$ target 3140$
Trading Zone
3067$ Buy with SL 7$ for target 3100$ again
Buy Stop 3155$+ Buy for target 3180 with SL 7$
Silver (Future)
Range: 35.55$ - 34.80$
Our Preference: Sell Silver @ 35.50$ target 34.80$ with SL 35.70$
Alternative Scenario: Buy Stop @ 34.33$ for target 35$ & 35.50$ with SL 0.25 Cents
Session Call: 34.60$ Buy @ 1st stroke with SL 0.18$