Gold commentary 09/04/2026
It seems that yesterday's reversal by Trump was reflected in the prices. By the end of the day, prices adjusted back to the equilibrium zone. It appears that investors have learned Trump's TACO behavior and are gradually losing trust in the information he provides, so the price action of gold may increase in the short term, which can be seen as a non-sustainable upward movement.
Alongside that, the bearish side has also started to return to reinforce the possibility that the conflict may continue to escalate. In the oil market, prices have not yet clearly recovered after the drop from 120 to 90 yesterday. Today, I predict the market will still be volatile but within a wider range. I am inclined to buy and expect sideways movement today, which reflects the complex technical retracement structure of gold in recent stages.#BinanceWalletLaunchesPredictionMarkets #binaceVietnamSquare $XAUT
