Trade War Fears Escalate, Gold Surges

Fundamental Analysis

* Risk-off Sentiment Lifts Gold: 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 Analysis

*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.

Understand how technical analysis can help you in this trading opportunity.

Potential Risks

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.

Know how to manage trading risks with risk management strategies.

Monitoring

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 Prime’s market insights and daily financial news.

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Disclaimer: Trading derivatives involves high risks, and market conditions can change rapidly. The content is for informational purposes only and should not be considered as financial advice. Traders should conduct their own research and consider risk management strategies.

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Disclaimer

This content is for educational and informational purposes only and should not be considered investment advice, a personal recommendation, or an offer to buy or sell any financial instruments.

This material has been prepared without considering any individual investment objectives, financial situations. Any references to past performance of a financial instrument, index, or investment product are not indicative of future results.

PU Prime makes no representation as to the accuracy or completeness of this content and accepts no liability for any loss or damage arising from reliance on the information provided. Trading involves risk, and you should carefully consider your investment objectives and risk tolerance before making any trading decisions. Never invest more than you can afford to lose.