Join the PU Xtrader Challenge Today
Trade with simulated capital and earn real profits after you pass our trader assessment.
Join the PU Xtrader Challenge Today
Trade with simulated capital and earn real profits after you pass our trader assessment.
21 January 2025,02:19
Trade Of The Day
Tags:
21 January 2025, 02:19
* Trump Takeover: Gold prices edged higher as the U.S. dollar weakened following Donald Trump’s speech, in which he softened his stance on aggressive tariffs. This shift eased concerns about inflationary pressures that could complicate the Federal Reserve’s ability to loosen monetary policy. President Trump also announced a national emergency concerning energy and the southern border, emphasizing plans to bolster strategic oil reserves, expand American oil exports, and enforce stricter immigration measures to deport millions of “criminal aliens” to their home countries. Additionally, his moderated trade rhetoric coincided with a Wall Street Journal report revealing a comprehensive directive for federal agencies to review trade policies and evaluate relationships with major trading partners, including China, Canada, and Mexico.
* Technical Breakout: Gold price was traded higher following prior breakout above the previous resistance level 2707.00. MACD which illustrate diminishing bearish momentum signal suggest the commodity to extend its gains.
* Resistance and Support: If the bullish momentum persists, there’s a strong likelihood that the price will potentially head towards the level 2792.00. Conversely, a potential reversal is also to be expected and the price could head back towards 2620.00 after it breaks back below the level 2707.00.
Looking ahead, market attention is likely to continue to center on Donald Trump’s policy updates following his succession, as traders assess their potential impact on the U.S. economy and the dollar. On the economic front, the calendar is relatively light, but key U.S. data such as Initial Jobless Claims and S&P Global PMI figures will still draw focus.
Learn more about how to navigate the prop trading landscape by checking out PU Xtrader’s trading blogs.
Stay updated on US data, Trump updates, global market updates, central bank updates and any shifts in the US Dollar’s strength and any shifts in the US Dollar’s strength by following PU Xtrader’s financial news page.
Register For PU Xtrader Challenge And Start Prop Trading
Take Challenge
Trade with simulated capital and earn real profits after you pass our trader assessment.
28 January 2025, 02:27 Euro Weakens as Markets React to New Tariff Warnings
27 January 2025, 02:29 USD/JPY Declines Following BoJ Rate Increase
24 January 2025, 02:33 New Zealand Kiwi Rose As China Unveils Stimulus Measure
Disclaimer: This website exclusively provides proprietary trading services. We do not engage in any regulated activities, offer investment management services, or manage funds on behalf of external clients. Our trading activities are conducted solely with the firm's own capital, and we do not accept client deposits or manage client accounts. It's important to note that none of the services we provide should be construed as investment or financial services in accordance with applicable laws.
This website offers services related to professional skill and experience assessment, which determine your eligibility to trade with the firm's capital. The outcome of these services is inherently determined by your individual skill level and ability to perform within the trading requirements and objectives outlined for each service separately. Clients are strongly advised to thoroughly understand the requirements of the services before signing up for any.
The content provided on this website is for informational purposes only and does not constitute financial, investment, or trading advice. The information presented is based on sources believed to be reliable, but we do not guarantee its accuracy, completeness, or timeliness. We disclaim any liability for any loss or damage arising directly or indirectly from the use of or reliance on the information provided on this website.
This website is not directed to residents of certain jurisdictions such as the United States, Singapore, Australia, China and some other specified regions, and is not intended for distribution to, or use by, any person in any countries or jurisdictions where such distribution or use would be contrary to local law or regulation.
This website is owned by Finzero Cap Ltd, a company incorporated in the Republic of Cyprus under registration number HE414308, with its registered office at 62 Athalassas, Mezzanine, Strovolos 2012, Nicosia, Cyprus. Finzero Cap Ltd serves as the authorized representative for PU Prime Ltd.
