Gold price posts modest gain amid trade war concerns

The Gold price (XAU/USD) recovers some lost ground after reaching a one-week low in the previous session. The uncertainty and ongoing fears of instability around US President Donald Trump's tariff plans provide some support to the yellow metal, a traditional safe-haven asset.
Nonetheless, analysts believe that Trump’s plans for higher tariffs have raised inflation worries at the US Federal Reserve (Fed), which might convince the US central bank to keep interest rates higher for longer. This, in turn, might cap the upside for the precious metal as higher interest rates tarnish non-yielding gold's appeal.
Gold Structure: Bearish Engulfing on Daily, Shooting Star on 4hr, Bear Flag on 15 Mins.
Intraday Strategy/ Intraday Trend: Sell on Rise, Sell on Break of Supports.
Weekly Trend: Positive
Major Resistance: 2920, 2925, 2930
Major Support: 2911, 2905, 2896.
Recent News
DOW JONES bounces back from daily suppor...
February 27, 2025
Market Insights
CRUDE OIL gave breakout of Resistance
December 31, 2024
Market Insights
Dow Jones Futures Poised for a Major Bre...
April 15, 2025
Market Insights
DOW JONES trading on daily Support Zone
February 11, 2025
Market Insights
BTC on the Brink: Consolidation at $94K-...
February 22, 2025
Market Insights
After a parabolic move in Gold, Its time...
February 11, 2025
Market Insights