{"id":22932,"date":"2025-04-22T06:45:26","date_gmt":"2025-04-22T06:45:26","guid":{"rendered":"https:\/\/www.maxainasia.com\/?p=22932"},"modified":"2025-04-22T06:45:26","modified_gmt":"2025-04-22T06:45:26","slug":"daily-commentary-196","status":"publish","type":"post","link":"https:\/\/www.meisheng.asia\/th\/daily-commentary-196-20250422\/","title":{"rendered":"XAUUSD buyers appear unstoppable on Trump\u2019s anti-Powell campaign"},"content":{"rendered":"<ul class=\"has-text-color wp-block-list\" style=\"color:#f40307\">\n<li><strong><strong>Gold price keeps its record run intact above $3,450 early Tuesday after posting a 3% gain on Monday.<\/strong><\/strong><\/li>\n<\/ul>\n\n\n\n<ul class=\"has-text-color wp-block-list\" style=\"color:#f40307\">\n<li><strong><strong>Trump\u2019s attacks on Fed\u2019s Powell and fears over the US\u2019s financial stability continue to power Gold price rally.<\/strong><\/strong><\/li>\n<\/ul>\n\n\n\n<ul class=\"has-text-color wp-block-list\" style=\"color:#f40307\">\n<li><strong><strong>Gold price could see a brief pullback as the RSI enters a heavily overbought region on the daily chart.<\/strong><\/strong><\/li>\n<\/ul>\n\n\n\n<p>Gold price extends its record run into the second consecutive day on Tuesday as buyers refuse to give up yet while keeping their sights on the $3,500 threshold.<\/p>\n\n\n\n<p>Just as the US-China trade war-led US recession fears weren\u2019t enough to sap investors\u2019 confidence, US President Donald Trump doubled down on his criticism of Federal Reserve (Fed) Chairman Jerome Powell since last Friday, negatively impacting the already beleaguered US Dollar (USD), lifting the traditional safe-haven and the USD-denominated Gold price.Trump continued his verbal attacks on Powell, raising concerns about the central bank&#8217;s independence, prompting investors to show no confidence in the US currency.<\/p>\n\n\n\n<p>Despite the latest uptick in the US Dollar, this narrative remains a constant threat while rendering positive for the go-to safety bet \u2013 the Gold price.<\/p>\n\n\n\n<p>Looking ahead, Gold price could see a brief correction as traders will likely cash in on their longs, positioning for the notable US earnings on the docket this week, including Magnificent Seven members Tesla and Alphabet, and a host of high-profile industrials such as Boeing etc.<\/p>\n\n\n\n<p>However, any dip in Gold price could be seen as a good buying opportunity as the US-China trade war escalation and worries over the Fed\u2019s independence will continue to haunt markets.<\/p>\n\n\n\n<h5 class=\"wp-block-heading has-vivid-red-color has-text-color has-small-font-size\">\u0e01\u0e32\u0e23\u0e27\u0e34\u0e40\u0e04\u0e23\u0e32\u0e30\u0e2b\u0e4c\u0e17\u0e32\u0e07\u0e40\u0e17\u0e04\u0e19\u0e34\u0e04\u0e23\u0e32\u0e22\u0e27\u0e31\u0e19<\/h5>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"402\" src=\"https:\/\/www.maxainasia.com\/wp-content\/uploads\/2025\/04\/image-13-1024x402.png\" alt=\"\" class=\"wp-image-22934\" srcset=\"https:\/\/www.meisheng.asia\/wp-content\/uploads\/2025\/04\/image-13-1024x402.png 1024w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2025\/04\/image-13-300x118.png 300w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2025\/04\/image-13-768x301.png 768w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2025\/04\/image-13-1536x602.png 1536w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2025\/04\/image-13-18x7.png 18w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2025\/04\/image-13.png 1594w\" sizes=\"(max-width: 767px) 89vw, (max-width: 1000px) 54vw, (max-width: 1071px) 543px, 580px\" \/><\/figure>\n\n\n\n<p>Any corrective declines in Gold price could be justified as the 14-day Relative Strength Index (RSI) remains heavily overbought, currently near 79.If Gold sellers manage to fight back control, Gold price could initially retreat toward the $3,400 mark, below which the previous day\u2019s low of $3,329 will be tested.Further south, the April 18i low of $3,284 will likely come to the rescue of buyers.<\/p>\n\n\n\n<p>On a sustained uptrend, Gold price targets the $3,500 barrier, above which the $3,550 psychological level will challenge bearish commitments.<\/p>","protected":false},"excerpt":{"rendered":"<p>Gold price extends its record run into the second consecutive day on Tuesday as buyers refuse to give up yet while keeping their sights on the $3,500 threshold. Just as the US-China trade war-led US recession fears weren\u2019t enough to sap investors\u2019 confidence, US President Donald Trump doubled down on his criticism of Federal Reserve &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.meisheng.asia\/th\/daily-commentary-196-20250422\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;XAUUSD buyers appear unstoppable on Trump\u2019s anti-Powell campaign&#8221;<\/span><\/a><\/p>","protected":false},"author":5,"featured_media":17233,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[12],"tags":[],"class_list":["post-22932","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-commentary"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/posts\/22932","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/comments?post=22932"}],"version-history":[{"count":1,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/posts\/22932\/revisions"}],"predecessor-version":[{"id":22935,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/posts\/22932\/revisions\/22935"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/media\/17233"}],"wp:attachment":[{"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/media?parent=22932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/categories?post=22932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/tags?post=22932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}