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4 March 2025,00:12
Trade Of The Day
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4 March 2025, 00:12
* Trade War Fears Persist, Gold Rebounds: Gold prices rebounded as risk-off sentiment drove investors toward safe-haven assets. The failure to reach a consensus between the U.S. and Ukraine on the Russia-Ukraine conflict has heightened uncertainties. Additionally, the U.S. has implemented aggressive tariffs, raising concerns of retaliatory measures from China, which could further escalate global trade tensions and support gold prices.
* Technical Breakout: Gold is trading higher after breaking above a key resistance level. MACD indicates increasing bullish momentum, while RSI at 52 suggests continued upside potential.
* Resistance and Support: If the bullish trend persists, gold could extend gains toward resistance at 2,920. Conversely, a failure to sustain momentum may lead to a pullback toward support at 2,880.
A major shift in market catalysts, such as a breakthrough in Russia-Ukraine ceasefire talks or changes in U.S. trade policy, could increase volatility and impact gold prices.
Learn more about how to navigate the prop trading landscape by checking out PU Xtrader’s trading blogs.
Stay updated on geopolitical events, U.S. trade policies, key economic data, central bank updates, and any shifts in global market sentiment by following PU Xtrader’s financial news page.
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4 March 2025, 00:12 Gold Rebounds on Risk-off Sentiment
3 March 2025, 02:18 Aussie Dollar Falls on U.S. PCE Data and Tariff Concerns
28 February 2025, 02:09 Euro Declines Under Tariff Pressure
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