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Trade with simulated capital and earn real profits after you pass our trader assessment.
2 April 2025,03:17
Trade Of The Day
2 April 2025, 03:17
*Economists warn of a severe trade war risk as Trump’s aggressive tariff stance may trigger retaliatory measures from China, Canada, and the EU. Given rising uncertainty, investors continue to favor gold as a safe-haven asset. Currently, gold is consolidating near record highs, as traders await further tariff details expected later today.
* Technical Breakdown: Gold is trading higher, rebounding from the 3115.00 support level. MACD signals weakening bearish momentum, while RSI has recovered from oversold conditions, now standing at 50. If bullish momentum persists, gold could retest resistance at 3140.00. However, if momentum stalls, prices may revisit support at 3115.00.
Further tariff escalations by the US could increase volatility, driving stronger demand for gold.
Learn more about how to navigate the prop trading landscape by checking out PU Xtrader’s trading blogs.
Keep an eye on potential Trump’s tariffs implementations, and Russia-Ukraine ceasefire deal for further market direction by following PU Xtrader’s financial news page.
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4 April 2025, 02:55 USD/CAD Extends Losses Amid Escalating Trade War Tensions
2 April 2025, 03:17 Gold Holds Near Record High as Trade War Concerns Mount
28 March 2025, 01:59 Gold Hits Record High Amid Trade War Fears
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