FxWirePro- Crypto Weekly Alpha: ETF Rebounds, L2 Rallies & Key Resistance Levels 
Gold Slides to $4,262 as Hawkish Fed Rate Hike Triggers Technical Breakdown 
Physicists zoom into the birth of cosmic rainstorms with new CERN study 
AI is supercharging money scams – here’s what you can do to protect yourself 
Hawkish Fed Fuels Gold Sell-off: Gold Dives Below $4300 Amidst Rate Hike Fears 
fnny Beta Launches With a Simple Idea: Find an Event, Show Up, Get Rewarded 
Synthetic data could ease people’s concerns about privacy breaches. But who gets to create it? 
Big AI wants to slow down AI research. Is it a safety pause or a strategic retreat? 
Europe can’t achieve space sovereignty alone. Here’s why 
Add as a preferred source on Google
Gold prices hit all-time high as Trump proposes new tariff. It hits a high of $2911 and currently trading around $2898.
Record Highs for Gold Prices Amid Tariff Fears
Gold prices have been rising sharply, hitting record highs amid concerns over President Trump's new tariffs, which may lead to a global trade war. Recently, spot gold reached $2,868.66 per ounce and U.S. gold futures rose to $2,894. In India, gold prices hit an all-time high of Rs 88,500 per 10 grams. Investors are seeking gold as a safe investment due to fears of rising inflation and economic uncertainty. Experts predict gold could rise to as high as $2,910 shortly. The trade tensions are causing increased buying of gold and other precious metals.
Rate Pause Sentiments Climb
According to the CME Fed Watch tool, the chances of a rate pause in the Mar 19th 2025 meeting have increased to 91.5% up from 86% a week ago.
Technical Analysis: Key Levels and Trading Strategy
Gold prices are holding above short-term moving averages 34 EMA and 55 EMA and long-term moving averages (200 EMA) in the 4-hour chart. Immediate support is at $2875 and a break below this level will drag the yellow metal to $2850/$2830/$2800/$2770/$2740. The near-term resistance is at $2920, with potential price targets at $2957/$3000.
It is good to buy on dips around $2850 with a stop-loss at $2830 for a target price of $2955.
