Gold Finds Support Amid Trade Policy Uncertainty
  • Market Insights  >  Trade Of The Day

27 March 2025,08:41

Trade Of The Day

Gold Finds Support Amid Trade Policy Uncertainty

27 March 2025, 08:41

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Fundamental Analysis

* Gold prices gained support as investors shifted toward safe-haven assets following Trump’s auto tariff announcement. The metal tested key resistance levels but remained range-bound, as market participants closely monitored US trade policy developments, which could dictate gold’s next significant move.

Technical Analysis

*Technical Breakdown: Gold prices are trading higher after breaking above the previous resistance level. MACD indicates increasing bullish momentum, while RSI stands at 63, suggesting the commodity may extend its gains as long as the RSI remains above the midline. If bullish momentum persists, gold could continue its upward movement and retest the resistance level at 3055.00. However, if momentum weakens, prices may pull back to test the support level at 3030.00.

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

Potential Risks

Uncertainty surrounding Trump’s tariff decisions may continue to drive volatility in gold prices.

Know how to manage trading risks with risk management strategies.

Monitoring

Watch for developments in for any shifts in the potential trade tariffs from Trump and Russia-Ukraine updates, by following PU Prime’s market insights and daily financial news.

Grab the trading opportunity and dive into the action risk-free with a free demo account. It is the perfect way to hone your skills and explore the exciting world of trading!

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Step into the world of trading with confidence today. Open a free PU Prime live CFD trading account now to experience real-time market action, or refine your strategies risk-free with our demo account.

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  • Market Insights  >  Trade Of The Day

27 March 2025,08:41

Trade Of The Day

Gold Finds Support Amid Trade Policy Uncertainty

27 March 2025, 08:41

Share on:
FacebookLinkedInTwitterShare

Fundamental Analysis

* Gold prices gained support as investors shifted toward safe-haven assets following Trump’s auto tariff announcement. The metal tested key resistance levels but remained range-bound, as market participants closely monitored US trade policy developments, which could dictate gold’s next significant move.

Technical Analysis

*Technical Breakdown: Gold prices are trading higher after breaking above the previous resistance level. MACD indicates increasing bullish momentum, while RSI stands at 63, suggesting the commodity may extend its gains as long as the RSI remains above the midline. If bullish momentum persists, gold could continue its upward movement and retest the resistance level at 3055.00. However, if momentum weakens, prices may pull back to test the support level at 3030.00.

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

Potential Risks

Uncertainty surrounding Trump’s tariff decisions may continue to drive volatility in gold prices.

Know how to manage trading risks with risk management strategies.

Monitoring

Watch for developments in for any shifts in the potential trade tariffs from Trump and Russia-Ukraine updates, by following PU Prime’s market insights and daily financial news.

Grab the trading opportunity and dive into the action risk-free with a free demo account. It is the perfect way to hone your skills and explore the exciting world of trading!

Open Your Free Demo Account And Start Trading Risk-Free

Join Now

Start trading with an edge today

Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.

  • Start trading with deposits as low as $50 on our standard accounts.
  • Get access to 24/7 support.
  • Access hundreds of instruments, free educational tools, and some of the best promotions around.
Join Now

Latest Posts

Fast And Easy Account Opening

Create account
  • 1

    Register

    Sign up for a PU Prime Live Account with our hassle-free process.

  • 2

    Fund

    Effortlessly fund your account with a wide range of channels and accepted currencies.

  • 3

    Start Trading

    Access hundreds of instruments under market-leading trading conditions.

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Gold Finds Support Amid Trade Policy Uncertainty

31 March 2025 Watch Here

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