Gold prices were largely steady in Asian trading Today, but were at a record peak after jumping in the previous session amid uncertainty around U.S. tariffs, while investors cautiously awaited a key U.S. inflation report. The recent escalation in U.S. trade policies under President Donald Trump has introduced considerable uncertainty into global markets. His announcement of steep tariffs on imports from BRICS nations—Brazil, Russia, India, China, and South Africa—has heightened concerns over potential trade conflicts and their economic repercussions. Trump also reiterated his vow to implement a 25% tariff on imports from Canada and Mexico starting February 1, with potential additional tariffs on Chinese goods.
CURRENTLY GOLD IS MOVING ON UP TREND.
Expecting correction up to 2786.11
Today’s important levels for trading are 2,742.85, 2,768.41, 2,783.44, 2,809.00 and 2,824.03
Trading Strategy for today: Buy On Dip
Trade setup:
Pullback Buy around 2786.50 Deeper Buy around 2775.50
Safe swing sell below 2768.50
Safe swing buy above 2803.50
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