Will Xauusd reach a new all-time high today?

Trump has postponed the 25% tariffs on Canada and Mexico for another 30 days, bolstering hopes that a full-fledged trade war will be avoided. However, the continuation of high tariffs on China, as well as China's retaliatory steps, point to a bullish prognosis for the safe-haven commodity.

In contrast, the US economic calendar on Wednesday includes ADP Non-Farm Employment Change and ISM Services PMI, which might be a breakout to make a higher ATH or a recovery to accelerate the main trend.

Personal opinion

The RSI 1H from the severe overbought zone above 80 shows a little rebound and signals of retracement to challenge the trend line.

Gold price stays in an uptrend, with a new ATH forecast at 2890 or 2900, depending on ADP Non-Farm Employment Change and ISM Services PMI.

Plan By Nexus Trades Zone
Price Nexus Trades Zone

Sell Gold 2899-2900
SL: 2905: TP: 2895-2890–2885