Daily Gold Trading Signals (XAU/USD) 03/02/2025

Morning Analysis: 

Daily gold trading signals: Gold prices hover near record highs above $2,800 on Friday as risk aversion grows following the White House’s clarification on US tariff plans. Contrary to earlier Reuters reports, Press Secretary Karoline Leavitt confirmed that 25% tariffs on Canada and Mexico will take effect on February 1, not March 1, and announced a 10% duty on Chinese imports. At the time of writing, XAU/USD trades at $2,797, up 0.15%. Gold price creates new ATH this week: 2817, market has great potential. In the context of the Trump administration applying tax on Canada and Mexico, the dollar is certainly affected to decrease, under pressure from the tax again, opportunity for gold price to continue to grow.

TrendBullish
Buy Zone 2775
Sell Zone 2813
Resistance2785 to 2795 to 2800
Support2770 to 2780 to 2787
Performance of Day’s SignalBullish (H1-H4)
Insights for TomorrowBullish

– Key News Impact:

– Signal:

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