Gold prices are holding steady below $2,900 early Tuesday, consolidating recent gains ahead of the next leg higher. The market remains risk-off as a global tariff war seems inevitable, with US President Donald Trump confirming 25% tariffs on Canada and Mexico to take effect on Tuesday while he signed an order to increase tariffs on China to 20%.
There is no news today, but the price range is quite wide, pulling from the Daily EMA (283x) up to 289x to wait for the NF to come, the overall trend wave is not very clear, but the small frame favors buying, so watch for some Buy points today.
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