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Gold Futures Plunge! Is a $100 Crash Imminent Before Trump’s Deadline?

Tension in the Air: Gold Price Plummeting!

Attention, investors! Brace yourselves for a shocking revelation: gold futures are on the brink of a catastrophic collapse—potentially dropping a staggering $100 before the pivotal July 9 deadline imposed by President Trump! What was once a glimmer of hope is now overshadowed by a dark cloud of uncertainty.

The Economic Rollercoaster: From Confidence to Chaos!

Initially, Trump and his allies were brimming with optimism, promising a whirlwind of trade deals. But hold onto your hats—only three agreements have been carved out so far! That’s right, just a flimsy trio, including a fragile framework with Vietnam, and whispers of deals with Britain and China that could fall apart in seconds!

Tariff Talks Turn Tense: Will the Bottom Drop Out?

Mark your calendars! Letters are reportedly heading to trading partners this Friday detailing the tariffs they’ll face on imports to the USA. It’s a monumental backtrack for Trump if no new agreements are reached by his deadline. Meanwhile, the gold market’s vibrant bullish vibes seem to be vanishing faster than ice in the sun due to the long Independence Day weekend—tick-tock, folks!

Uncertain Waters: Gold Futures Under Siege!

According to Treasury Secretary Scott Bessent, a deal with India is close. But don’t hold your breath! Talks with Japan and South Korea, touted as easy victories, have hit the brakes, stalled for weeks.

With the volatile climate brewing, prepare for gold futures to tank on Friday. Analysts predict an upside cap at $3,377, but the downside? There’s a chasm waiting, and prices may tumble down to the previously tested support of $3,354.

Technical Terror: The Charts Don’t Lie!

In an alarming daily chart, gold futures are teetering on the brink, desperately clinging to an immediate support at $3,335. A breakdown here could spiral the market into the abyss, testing the next support at $3,198 in the coming weeks! Even worse, a looming bearish crossover is sending shivers down the spine of traders!

The Countdown to Catastrophe: Can Gold Hold On?

In the latest hourly chart, gold is desperately attempting to stay afloat above the lower edge of the Ichimoku Clouds. But danger lurks! If prices dip below $3,321 today, watch out! The slide could accelerate—and $3,270 could be the next target before the end of the week!

Final Warning: Act at Your Own Risk!

Invest wisely, folks! This analysis is a wake-up call based solely on observations. The gold market is a treacherous terrain, and those who dare to tread must be ready for anything!