Gold rebounds from $2,957, reclaims $3,000 zone as Trump tariff fuels safe haven demand.

Gold dips to $2957 and reclaims $3000 amidst recovery rally.
Trump Tariff shrugs off selling pressure as safe haven demand resurfaces.
Immediate support $2995 supports recocery eyeing $3023 & $3038
Current bounce back rally is correctional move after sell off.

Sunil Kumar Dixit SK Charting

As Gold witnessed a sharp sell off to $2957, a follow up recovery rally fuelled by safe haven demand helped the metal reclaim the psychological perch $3000 advancing to $3017 triggered by Trump Tariff war announcing new inputs.

The sell off is impulsive and current recovery rally is part of correctional move that may witness Gold prices recovering to $3023 followed by $3034

The next resistance may come at $3054-$3058

Local demand zone is seen actively supporting recovery attempts at $3000-$2995 as well as $2988

Author

Sunil Kumar Dixit

SK Charting

Sunil Kumar Dixit is Chief Technical Strategist and founder of SK Charting, a research firm based in India. He tracks Precious Metals, Energy, Indices and Currency Pairs. He also participates as an expert panellist on Channel Television, Nigeria.

EUR/USD struggles aroound 1.1800 as USD stabilizes

EUR/USD stays defensive around 1.1800 in the European session on Thursday. The US Dollar stabilizes, following the recent decline led by tariff uncertainty, capping the pair's upside. All eyes now remain on the US-Iran nuclear talks after ECB President Lagarde's testimony fails to impress Euro bulls.

GBP/USD drops toward 1.3500 as USD finds fresh demand

GBP/USD falls back toward 1.3500 in the European session on Thursday, snapping its recovery momentum. The pair loses traction as the US Dollar finds fresh demand, as markets turn cautious ahead of the US-Iran nuclear talks. The US trade policy uncertainty also remains a drag on risk sentiment.

Gold clings to gains amid sustained safe-haven flows ahead of US-Iran talks

Gold sticks to its modest intraday gains through the first half of the European session on Thursday, with bulls still awaiting a sustained move and acceptance above the $5,200 mark before placing fresh bets.

Stellar: Relief bounce fades as bearish undertone persists

Stellar is trading around $0.16 at the time of writing on Thursday after rebounding more than 8% in the previous day. Derivatives data paints a negative picture as XLM’s short bets hit a monthly high while Open Interest continues to decline.

The one thing everyone is on the lookout for is US action of some sort against Iran

The FX market is minestrone soup these days. It is befuddled by conflicting data, rumors and small stories exaggerated out of proportion, and Trump-generated uncertainty.

Solana strikes key resistance with double-digit gains

Solana trades at $88 at press time on Thursday, after an 11% upswing the previous day within a broader consolidation range of roughly three weeks. Institutional demand for Solana heightens as US spot SOL Exchange Traded Funds record $30 million of inflow on Wednesday.