Gold records a new standard summit with Trump’s definitions back to the agenda

• Gold prices rose for the third day in a row and recorded their highest levels ever on Wednesday.
• At night, US President Donald Trump attacked Ukraine and committed again to imposing several customs definitions.
• Technically, the daily closure was on Tuesday over $ 2910, which strengthened the price of gold to the highest new level ever.

Technical analysis: Can you get there?

Gold plays a dangerous game on Wednesday after it reached the highest new level ever above $ 2945. With the issuance of the Federal Reserve report for the meeting held in January later in the day, the risk of an event may push gold to decrease again. Technically, this can be considered a rejection at the highest level ever and sellers may see prices below.

Daily axis points have been rearranged. The first support is seen at $ 2921, which is the daily axis point. He has already served as support during the Asian trading session. If this level is threatened again, the S1 may support at $ 2906 at its duty.

On the upward side, the R1 resistance at $ 2951 is the first barrier. R2 resistance at $ 2966 is the next level that must be reached before looking at the $ 3,000 barrier.

Xau/USD: Daily chart

Gold prices (Gold pair/US dollar Xau/USD) extend its upward momentum this week and reach the highest new level ever above $ 2945 during the European trading session on Wednesday. This increase comes after US President Donald Trump’s harsh words about Ukraine at night, just hours after the first talks between American and Russian officials that raised concerns among traders about whether the peace deal is possible. Meanwhile, President Trump once again confirmed that 25% definitions on car imports are coming, in addition to expanding them to include imports of drugs and electronic chips.

At the same time, the Federal Reserve Bank (FED) is scheduled to issue the FOOC Open Market Committee meeting (FOMC) for the meeting held in January. This may block gold plans, as many federal reserve officials said in recent weeks that interest rates are reasonable as they are, while some inflationary forces are sufficient to raise new concerns.

Daily market engines: Political geography is leading

At 19:00 GMT, the Federal Reserve will issue the FOMC meeting minutes for January. Late on Tuesday, US President Donald Trump pledged to impose definitions on cars, electronic chips and drug imports by about 25%, according to Bloomberg. The Turkish Cosa Altin gold mining company is seeking to produce more than 40 tons of gold in the next five years, as the company stated in a exchange file after the market was closed on Tuesday, according to Bloomberg reports. The return on US Treasury bonds is trading for 10 years at its highest level this week, near 4.56% at the time of writing this report.