Gold prices edged higher in the morning Today as the dollar weakened, while uncertainty surrounding U.S. trade tariffs and Russia-Ukraine peace talks supported bullion’s safe-haven appeal.
Spot Gold rose 0.3% to $2,865.69 per ounce, while Gold Futures expiring in April gained 0.9% to $2,873.59 an ounce
U.S. President Donald Trump announced 10% additional tariffs on China and reaffirmed his tariff timings for 25% levies on Mexico and Canada last week. However, on Sunday, U.S. Commerce Secretary Howard Lutnick said that Trump will determine the exact tariff levels on Tuesday.
Intraday Trend : DOWN
Expecting correction up to 2877.40
Trading Strategy for today: Sell on Rise
Pivot Points : 2936.41, 2910.72, 2883.97, 2858.28, 2831.53, 2805.84, 2779.09
Trade setup
Pullback Sell around 2876.5, Higher Sell around 2885.50
Safe swing sell below 2853.00
Safe swing buy above 2893.50
Important Event
🟠 Core PCE Price Index m/m
🔴 ISM Manufacturing PMI
🟠 ISM Manufacturing Prices