Stocks recovered from trade war panic low as Trump may blink

·       Trump may postpone his reciprocal tariffs tango by 90 days to accommodate negotiation requests from over 50 countries except China

·       But seeing Wall Street and Real Street capitulations, Trump may also call his close friend Chinese President Xi, and delay the implementation of reciprocal tariffs on each other

·       Trump is seeking a level playing ground not only on global tariffs and local sales taxes but also on targeted regulatory trade barriers for a free & fair global trade

On Friday, Wall Street Futures, Oil plunged on escalating Trump trade war tensions after China imposed retaliatory reciprocal tariffs of 34% on all US imported goods. Also, hotter than expected US NFP/BLS job report and hawkish comments by Fed Chair Powell dampened the risk trade mood. Gold stumbled from China's retaliatory tariffs high on fading hopes of two rate cuts in 2025 (after Powell's comments). There was also some rumor that Trump may sell a part of the US Gold Reserve to pay US debts and Make America Great Again in the Golden Age. In any way, there is a risk-off mood, and Gold and cryptos are being sold as cash is the king complimented by the safety of US bonds.

Despite the epic meltdown of Wall Street for his bellicose trade war policies, US President Trump maintained a defiant stance and was ready to tolerate short-term pain for his perceived long-term gain. As a recapitulation, Trump had declared a 10% baseline (universal) tariff on all US imports, with higher reciprocal tariff rates ranging from 49% to 20% to almost all major and minor 60 trading partners.

On April 2, Trump termed his tariff strategy a move toward "economic independence" and predicted that "the markets are going to boom." By April 4, as markets plunged, Trump doubled down as he told reporters while departing the White House that day, "The markets are going to boom, the stock is going to boom, the country is going to boom," suggesting the sell-off was a temporary reaction and that other nations would seek deals to mitigate the tariffs’ impact. He framed the trade war escalation as a success, pointing to investment pledges he claimed totaled "almost $7 trillion" from companies responding to his policies.

By April 5, 2025, with the 10% universal tariff now in effect and markets still reeling, Trump’s comments shifted slightly toward justifying the policy amid growing economic fears. Trump posted in his Truth Social, touting the tariffs as a healing process:

"THE PATIENT LIVED AND IS HEALING. THE PROGNOSIS IS THAT THE PATIENT WILL BE FAR STRONGER, BIGGER, BETTER, AND MORE RESILIENT THAN EVER BEFORE."

This followed his April 2 claim that the tariffs would usher in a "golden age of America," showing continuity in his optimistic narrative despite the Nasdaq entering a bear market (down over 20% from its December high) and widespread criticism from economists about potential recession risks.

On April 6, 2025, as global leaders weighed retaliatory measures and U.S. stocks continued to slide, Trump was quoted at a golf event in Jupiter, Florida, urging supporters to "HANG TOUGH." He reportedly dismissed the market fall as a short-term overreaction, asserting that his tariffs were forcing other countries to negotiate. This aligns with earlier statements where he argued that nations like China "played it wrong" by retaliating (e.g., China’s 34% tariffs on U.S. imports starting April 10) and that the trade war would ultimately benefit the U.S. by bringing manufacturing back.

Overall, despite the epic panic in both Wall Street and Real Street, the Trump administration’s messaging, reflected through aides, suggests he remained unyielding. Commerce Secretary Howard Lutnick had hinted on April 4 that Trump might modify tariffs if countries addressed issues like fentanyl, but Trump himself has not publicly softened his stance. His silence today so far could indicate he’s letting earlier comments stand as markets and global responses unfold.

Trump admin is maintaining that country-specific reciprocal tariffs would be in place unless there is a trade deal with that country. And almost 50 different countries scrambled over the weekend to call Trump/White House for a trade deal. But China didn’t care to call. Lutnick also urged China’s President Xi to make an ‘inexpensive phone call to President Trump for an instant rebate of 20% tariffs on the spot. He is also maintaining that it’s not only tariffs rate but targeted regulatory hurdles that need to be removed for free & fair exports of US goods into various countries/trading blocks.

In summary, Trump’s comments in the last few days consistently framed tariffs as a negotiation & winning strategy, downplayed the market fall as a necessary adjustment, and portrayed the trade war as a path to prosperity and economic strength, despite evidence of significant financial disruption. His rhetoric has leaned on bold predictions of growth and resilience, often clashing with the immediate economic fallout reported over these days.

On late Friday, April 4, after China’s reciprocal tariffs and other retaliatory measures, Trump extended his TikTok deal for another 75 days and offered a tariff discount to China instead of Chinese regulatory permission to approve his proposed plan to buy out TikTok by any US company. Dealmaker and Tariff Man Trump wrote in his Truth handle:

“My Administration has been working very hard on a Deal to SAVE TIKTOK, and we have made tremendous progress. The Deal requires more work to ensure all necessary approvals are signed, which is why I am signing an Executive Order to keep TikTok up and running for an additional 75 days. We hope to continue working in Good Faith with China, who I understand are not very happy about our Reciprocal Tariffs (Necessary for Fair and Balanced Trade between China and the U.S.A.!). This proves that Tariffs are the most powerful economic tool, and very important to our National Security! We do not want TikTok to “go dark.” We look forward to working with TikTok and China to close the Deal. Thank you for your attention to this matter!”

Trump posted about the market fall:

“ONLY THE WEAK WILL FAIL!”

On tariffs, Trump wrote:

“Big business is not worried about the Tariffs, because they know they are here to stay, but they are focused on the BIG, BEAUTIFUL DEAL, which will SUPERCHARGE our Economy. Very important. Going on right now!!!”

On April 6-7, Trump posted again on China about his perceived trade balance issue and trade deal, pointing out that his Trade war policy is bringing investment proposals to the US:

“China has been hit much harder than the USA, not even close. They, and many other nations, have treated us unsustainably badly. We have been the dumb and helpless “whipping post,” but not any longer. We are bringing back jobs and businesses like never before. Already, more than FIVE TRILLION DOLLARS OF INVESTMENT, and rising fast! THIS IS AN ECONOMIC REVOLUTION, AND WE WILL WIN. HANG TOUGH, it won’t be easy, but the result will be historic. We will MAKE AMERICA GREAT AGAIN!!!”

Trump vows the US will 'win' trade war, he launched against the rest of the world and Tariffs are a very beautiful thing:

“We have massive Financial Deficits with China, the European Union, and many others. The only way this problem can be cured is with TARIFFS, which are now bringing Tens of Billions of Dollars into the U.S.A. They are already in effect and a beautiful thing to behold. The Surplus with these Countries has grown during the “Presidency” of Sleepy Joe Biden. We are going to reverse it and reverse it QUICKLY. Someday people will realize that Tariffs, for the United States of America, are a very beautiful thing!”

On Monday, Trump also told reporters aboard Air Force One that he's spoken with European and Asian leaders about tariffs. On China, he said: “Now I'm willing to deal with China, but they have to solve their surplus. We have a tremendous deficit problem with China. I do want to solve the deficit problem we have with China, with the European Union, and with other nations. And they're going to have to do that. And if they want to talk about that I’m open to talking. But otherwise, why would I want to talk,"

Trump also told reporters that he wasn't intentionally engineering the ongoing stock market selloff to force the Fed for early & deeper rate cuts: "I don’t want anything to go down, but sometimes you have to take medicine to fix something.”

On early US Monday (April 7), megalomaniac and autocratic US President Trump, who is trying to govern the US and also the whole world with his Truth handle, again Truthed:

“Oil prices are down, interest rates are down (the slow-moving Fed should cut rates!), food prices are down, there is NO INFLATION, and the long-time abused USA is bringing in Billions of Dollars a week from the abusing countries on Tariffs that are already in place. This is even though the biggest abuser of them all, China, whose markets are crashing, just raised its Tariffs by 34%, on top of its long-term ridiculously high Tariffs (Plus!), not acknowledging my warning for abusing countries not to retaliate. They’ve made enough, for decades, taking advantage of the Good OL’ USA! Our past “leaders” are to blame for allowing this, and so much else, to happen to our Country. MAKE AMERICA GREAT AGAIN!”

“The United States has a chance to do something that should have been done DECADES AGO. Don’t be Weak! Don’t be Stupid! Don’t be a PANICAN (A new party based on Weak and Stupid people!). Be Strong, Courageous, and Patient, and GREATNESS will be the result!”

On Monday, Trump also posted endorsing Truths from his supporters and colleagues:

·       “Rates are plummeting, oil prices are plummeting, deregulation is happening. President Trump is not going to bend..."

·       “More than 50 countries have reached out to the president to begin a negotiation…”

·       This is NOT SUSTAINABLE! The United States can't lose $1.9 trillion on trade…

·       Countries from all over the World are talking to us. Tough but fair parameters are being set. Spoke to the Japanese Prime Minister this morning. He is sending a top team to negotiate! They have treated the U.S. very poorly on Trade. They don’t take our cars, but we take MILLIONS of theirs. Likewise Agriculture, and many other “things.” It all has to change, but especially with CHINA!!!

On Monday, April 7, Trump also issued another veiled threat to China to impose 50% retaliatory reciprocal tariffs against China in response to its 34% tit-for-tat tariffs announced on April 4, 2025:

“Yesterday, China issued Retaliatory Tariffs of 34%, on top of their already record-setting Tariffs, Non-Monetary Tariffs, Illegal Subsidization of companies, and massive long-term Currency Manipulation, despite my warning that any country that Retaliates against the U.S. by issuing additional Tariffs, above and beyond their already existing long term Tariff abuse of our Nation, will be immediately met with new and substantially higher Tariffs, over and above those initially set. Therefore, if China does not withdraw its 34% increase above their already long-term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th. Additionally, all talks with China concerning their requested meetings with us will be terminated! Negotiations with other countries, which have also requested meetings, will begin taking place immediately. Thank you for your attention to this matter!”

On Monday, April 7, Wall Street futures recovered from the Trump trade war panic low after comments from a Senior Trump administration official regarding a possible 90-day postponement of the reciprocal tariffs on various countries except China. White House National Economic Council Director Kevin Hassett, a senior economic adviser to President Trump, indicated that Trump is considering a 90-day pause on tariffs for all countries except China in response to his claim that over 50 countries scrambled to call the White House /Trump for a suitable trade deal/tariffs adjustment on each other.

The US Treasury Secretary Scott Bessent previously indicated that the U.S. could delay imposing tariffs for countries that halt practices deemed unfair, with specific levies announced on April 2. He expressed optimism that some duties might be avoided through pre-negotiated deals or prompt talks. However, the White House clarified that the intent was to enact tariffs on April 2 unless the tariff and non-tariff barriers were equalized or the U.S. had higher tariffs.

But this contrasts with Trump’s public comments later in the Israeli PM presser (Q&A), declining any postponement plan for the reciprocal tariffs. Also, various comments from Commerce Secretary Howard Lutnick, who on April 6 insisted there would be no postponement, highlighting some inconsistency or evolving division and discussion within the Trump administration.

As of April 7, 2025, President Trump’s reciprocal tariff policy, announced on April 2, 2025, and partially implemented starting April 5/9, has significantly escalated global trade tensions. This policy imposes a 10% baseline tariff on all U.S. imports (effective April 5), with additional (ad valorem) reciprocal tariffs ranging from 10% to 49% on approximately 90 countries, set to take effect on April 9. These measures, justified by the White House as a response to so-called national security and to reduce dependency on other nations for critical goods and also to reduce trade deficits and perceived unfair trade practices, have provoked a mix of retaliation, negotiation attempts, and economic concerns from nations worldwide.

United States: Trump’s Tariff Policy

Trump’s tariffs aim to address a $1.2 trillion U.S. goods trade deficit from 2024, invoking the International Emergency Economic Powers Act (IEEPA) under a declared national emergency. The reciprocal tariffs, calculated based on trade deficits and perceived regulatory barriers rather than mirroring exact foreign tariffs, include steep rates such as 34% on China (adding to an existing 20%, totaling 54% in Trump 2.0), 20% on the EU, 46% on Vietnam, 26% on India, and 25% on South Korea.

A 10% universal tariff began on April 5, while the higher reciprocal rates kicked in on April 9. Trump has framed this as an "economic revolution," predicting historic benefits despite market volatility, with the S&P 500 losing $5 trillion in value over two days following the announcement. U.S. officials, including Treasury Secretary Scott Bessent and trade adviser Peter Navarro, insist the policy will boost domestic manufacturing, though economists warn of inflation and potential recession risks by year-end.

China's stance: Hits back with retaliation first and talks later ready to succumb under US hegemony

China has reacted aggressively, vowing to "fight to the end" against Trump’s tariffs, which will reach 54% on Chinese imports by April 9. On April 4, China announced a retaliatory 34% tariff on all U.S. goods, effective April 10, alongside other non-tariff retaliatory measures including restrictions on some US companies and export of Chinese rare earth minerals critical for the modern tech-savvy world from Chips to Jets. The Chinese Commerce Ministry labeled the U.S. measures "unilateral bullying" that violates WTO rules, urging their immediate cancellation.

On April 7, Trump again threatened an additional 50% tariff if China doesn’t relent and impose 34% reciprocal tariffs on US goods from April 10. This could raise total U.S. tariffs on China to 104% under Trump 2.0 and 125% under Trump 1.0, Biden, and Trump 2.0 (from 2018).

But on April 8, China’s Foreign/Commerce Ministry reiterated that "pressure and threats" won’t work, hinting at further retaliatory measures. Despite the escalation, China has kept communication channels open, signaling a willingness to discuss bilateral trade issues. China is presenting itself as a defender of globalization and a stable economic partner, aiming to turn the crisis into an opportunity.

On Tuesday, April 8, China’s Foreign/Commerce Ministry issued an official statement against Trump’s latest tariff threat:

·       China will resolutely take countermeasures to safeguard its rights and interests should the United States escalate its tariff measures.

·       China firmly opposes US bullying.

·       China will fight till the end of the US side is bent on going down the wrong path.

European Union Stance: Ready with retaliation, keeping the negotiation window open with a soft tone

The EU faces a 20% reciprocal tariff starting April 9, prompting a unified yet cautious response. European Commission President Ursula von der Leyen called the tariffs a "major blow" to the global economy, preparing countermeasures like 26% reciprocal tariffs on all US goods and maybe also digital services if negotiations fail; the EU is also planning appropriate retaliatory tariffs on US metals tariffs. The EU has also emphasized its commitment to protecting European businesses, workers, and consumers. The EU is preparing targeted counter-tariffs on U.S. imports, potentially affecting items like meat, cereals, wine, and clothing. These tariffs are expected to be implemented in two phases starting April 15.

French President Macron condemned the policy as "negative for the American economy," while German Economy Minister Habeck predicted Trump might backtrack under pressure if the EU responds firmly. Italian PM Meloni, despite her ties to Trump, criticized the tariffs as "wrong" but advocated for negotiation over retaliation, a stance echoed by her Economy Minister Giorgetti. The EU is exploring zero-tariff offers on industrial goods to de-escalate tensions, though no formal action has been finalized as of April 8. The Trump admin is talking about various targeted regulatory (non-tariffs) barriers by the EU. : The EU seeks a unified response, balancing between signaling readiness to retaliate and avoiding excessive escalation that could harm European consumers.

India Stance: Engaged in low-key negotiation rather than protracted retaliation

India hit with a 26% reciprocal tariff, has adopted a measured approach. The commerce ministry is analyzing the impact, with a senior official noting it’s "not a setback" due to prior negotiations reducing the rate from a potential 52%. Key exports like pharmaceuticals and energy are exempt, softening the blow, though electronics ($14 billion) and gems/jewelry ($9 billion) will be affected. India has not signaled immediate retaliation, focusing instead on ongoing talks with the U.S. India is cautious in its response, focusing on patience and negotiation.

In February and March, India lowered tariffs on US motorcycles and whiskey and offered to cut duties on 55% of U.S. imports ($23 billion) if reciprocal relief is granted. PM Narendra Modi’s discussions with Trump suggest a bilateral trade deal remains in play, potentially mitigating long-term damage. Trump admin may be also seeking equivalent India tariffs and GST rates on US goods in line with US minimum tariffs of 10%. Trump is also seeking a level playing ground for free & fair access to the Indian market rather than various targeted regulatory hurdles. India has reacted cautiously, expressing a desire to deepen trade ties with the U.S. and resolve issues through a bilateral trade agreement (BTA). The Indian government aims to address tariff and non-tariff barriers amicably.

Vietnam: Soft negotiation stance

Vietnam faces a 46% tariff, one of the highest, threatening its export-driven economy (seafood, garments, electronics). Vietnam’s PM has maintained an 8% growth target, but analysts warn of a 3% GDP hit. On April 7, Vietnam offered to buy more U.S. goods, including defense products, and eliminate all tariffs on U.S. imports to secure a deal. However, White House adviser Peter Navarro dismissed this as insufficient, citing "non-tariff cheating." Trade Minister Nguyen Hong Dien met U.S. officials on March 13-14, receiving assurances that the tariffs aren’t specifically aimed at Vietnam, though no concessions have been confirmed as of April 7.

United Kingdom- Soft negotiation stance

The UK, subject to the 10% baseline tariff, has avoided higher reciprocal rates so far. U.K. PM Starmer has opted against retaliation, prioritizing a long-term trade deal with the U.S. Foreign Minister Lammy emphasized working with Washington, reflecting a strategy to maintain economic ties despite the tariff burden. The UK’s response remains subdued, with no specific countermeasures announced by April 7, though business leaders warn of rising costs for British exporters. The UK has chosen not to retaliate against the U.S. metal tariffs. Chancellor Rachel Reeves indicated that discussions are ongoing regarding potential adjustments to the UK's Digital Services Tax to prevent further trade disputes with the U.S.

Canada: Hard negotiation stance

Spared from new reciprocal tariffs but facing existing 25% duties on many goods, Canada retaliated with 25% tariffs on $155 billion of U.S. exports after earlier levies took effect.

Mexico: Soft negotiation stance

Also exempt from new reciprocal tariffs, Mexico faces 25% duties on non-USMCA goods. President Claudia Sheinbaum plans to announce countermeasures by April 13, delaying retaliation to strategize.

Japan: Less soft negotiation stance amid increasing cooperation with China

With a 24% tariff, PM Shigeru Ishiba labeled it a "national crisis," with Tokyo’s stock market plunging. Trump noted Japan’s PM sending negotiators after a call on April 7, hinting at potential talks.

South Korea: Less Soft Negotiation Stance Amid Increasing Cooperation with China

Facing a 25% tariff, Acting President Han Duck-soo formed an emergency task force, calling it a "global tariff war" and pushing for aggressive negotiations. On Tuesday, the South Korean Finance Minister said his government is considering other countries' responses to Trump's tariffs while developing the best strategy for minimizing their impact.

·       Since a response to the U.S. tariffs will not be a one-off process and will take time, we will develop an optimal strategy by observing the actions of other countries.

·       South Korean government is committed to boosting the support for businesses while they navigate this challenging period.

·       Priority will be taking measures to support the urgent sectors.

Australia: Soft negotiation stance

PM Anthony Albanese criticized the 10% tariff as illogical and unfriendly but ruled out retaliation, citing harm to Australian consumers.

Brazil: Less soft negotiation stance amid increasing cooperation with China

Congress unanimously passed a reciprocity bill to counter the 10% tariff, signaling readiness to retaliate if needed.

Cambodia: Soft negotiation stance

Hit with a 49% tariff, the highest, Minister Heng Sour downplayed it as a non-economic issue and political, though he warned of challenges by 2027 if competitors see relief.

Trump tariffs-Global & Local (US) Economic Impact

The tariffs have triggered widespread market unease, with global stocks tumbling and the S&P 500 facing its worst drop since 2020. The IMF’s Georgieva warned of a "significant risk" to sluggish global growth, while JJPM raised its recession odds to 60%. Critics, including former VP Pence, argue the tariffs—potentially costing U.S. households $3,500 annually—amount to a massive tax hike. Supporters like the Coalition for a Prosperous America hail it as a historic move to restore U.S. economic sovereignty. As the April 9 deadline nears, countries are balancing retaliation with negotiation, fearing a full-blown trade war that could reshape global trade norms established post-World War II. Almost all affected countries by Trump trade war policies may employ suitable fiscal stimulus to protect affected export sectors.

China may take new retaliatory measures to counter Trump's latest 50% tariff threats.

On early Tuesday, April 8, 2025, the Chinese authorities prepared at least six measures to respond to Trump's April 7 tariff threats of 50%. According to the Chinese report, the authorities decided to ban US movies from China, investigate the intellectual property benefits that US companies derive from doing business in China, and take retaliatory moves in the service trade sector. Additionally, China would significantly increase tariffs on US agricultural products, ban imports of US poultry, and halt bilateral cooperation on fentanyl-related issues.

Conclusions

Trump wants not only equivalent universal tariffs and VAT/GST (goods & service tax) on US goods or overall global trade, but also seeking free & fair access to foreign markets irrespective of developing or developed economies/countries. Trump is furious with China as President Xi or any other senior official didn’t care to call him, begging for negotiation even under Trump’s pressure and blackmailing (bellicose dealing) strategy.

China, on its part, is not ready for such a deal (TikTok for some discount in tariffs). China and its top political leadership do not like Trump’s pressure and negotiation tactics using trade, tech, and also Cold War as a weapon. And also due to domestic political compulsion, Chinese top leadership will never make any trade deal under Trump's pressure. China also knows that Trump will soon blink as Wall Street is capitulating and Real Street is voicing increasing protest (Hands Up rallies across the US) for his bellicose policies, especially regarding trade & tariffs.

China will never allow TikTok or something other as a bargaining chip for a trade deal with the US/Trump. China already signed a trade deal with the US under Trump 1.0 after two years of marathon negotiation just before COVID. Although Trump is now again trying to seal another China trade deal 2.0, China is not ready to succumb easily as it has diversified its export/trade significantly beyond the US and EU to Africa, Southeast Asia, and also Eurasia. China is not ready to succumb to Trump’s pressure, but has a "willingness to have serious talks" to resolve the trade dispute and suggested US/Trump admin should show "equality, respect and reciprocity" toward Beijing.

Summary:

Trump is under huge pressure and also looking & sounding stressed amid the capitulation of Wall Street and Main Street. There are intense ‘Hands Up’ protests across America by Democrat supporters and also neutrals/general public. Even various prominent Republican Leaders & Senators are now openly voicing concern against Trump’s bellicose tariff policies. The public is scrambling to buy various goods for day-to-day life to beat Trump tariffs as all these tariffs will be eventually borne by US importers, producers, retailers, and ultimately consumers. This will inevitably affect US discretionary consumer spending, private CAPEX (investment), and economic growth. The US economy may be heading for a stagflation.

Trump is trying to reduce or balance the huge US merchandise trade deficit by imposing draconian tariffs on other countries and forcing manufacturers into the US. But to become a major global/local manufacturing hub and to compete with China, Trump needs China like manufacturing and logistical infra, which the US does not have at present and it will take substantial time, effort, and also investment to do that. Almost all of Trump’s $5 trillion private CAPEX is in the initial MOU stage. Private businesses are also worried about Trump policy uncertainty and thus becoming cautious in fresh CAPEX and hiring. Trump admin is now divided over Trump’s tariff policies as Tesla CEO Musk is also now criticizing it.

Trump is now trying to isolate China on tariffs and trade issues, but in the process, Trump may be isolating the US on globalization and trade. Various countries not so friendly with China, like Japan, South Korea, and even India are now joining hands with China for trade, development and prosperity rather than never-ending US hegemony.

Bottom line

Thus Trump is now trying for a face-saving exit and may propose reciprocal tariffs (ad-valorem import duties) by 90 days without China as almost all other countries have called him except China. But before doing that, Trump may also call his close Friend Chinese President Xi, and offer a truce rather than a never-ending trade war, in which there is no winning side. Trump may also try to boost the morale of Wall Street and Real Street with his tax cut policy to neutralize tariff impact to some extent.

Weekly-Technical trading levels: DJ-30, NQ-100, and Gold

Looking ahead, whatever the fundamental narrative, technically Dow Future (CMP: 38900) now has to sustain over 39500 for a further recovery to 39800/40000-40200/40700 and further rally towards 4100/41500-41700/42000 and 42700/42900-43200/43500 and 43700/44050 and 44250/44400-44500/44800 and 45000/45200-45300/45500 and even 45700/45800-45900/46000 in the coming days; otherwise sustaining below 39450, DJ-30 may again fall to 39100/38700-38000/36500-36200/33100 in the coming days.

Similarly, NQ-100 Future (17800) has to sustain over 18500 for a further rally to 19000/19500-20000/20900 and 21300/21500-21700/21850 and 22050/22200-22350/22500 and 22700/23000-23300/23500 in the coming days; otherwise, sustaining below 18400, NQ-100 may again fall to 18100/15800-14100/13600 in the coming days.

Also, technically Gold (CMP: 3000) has to sustain over 3025 for a further rally to 3055/3075-3100/3150 and 3175/3186*-3200/3225; otherwise sustaining below 3015, Gold may again fall to 2990 and 2965/2955-2900/2880 and 2850/2835-2810/2780-2780 and 2745/2725-2695/2665 and further 2635/2600-2585/2560 in the coming days.