The Trump trade is back in full swing as the market continues to consider the impact of US tariffs and US tax cuts from the incoming administration.

USD/CAD extends its winning streak for the third consecutive day, trading around 1.3950 during the European session on Tuesday. The US Dollar (USD) continues to gain strength following the confirmation of Trump’s victory in the US election.

UK wage growth appears stuck in the 4.5-5% area, despite falling private sector employment and lower vacancy rates. Further declines in wage growth are coming, but not immediately. For the time being, the Bank of England will remain cautious.

Trump’s emerging team of high-profile China hawks signals a clear shift in policy tone for his next term.

Today you will see Gold price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD?

NEO Crypto Price News Today Elliott Wave Technical Analysis

Gold price (XAU/USD) remains on the defensive through the Asian session on Tuesday and currently trades just above its lowest level since October 10 touched the previous day.