Gold Prices Stable in Asia
Gold prices (XAU/USD) were stable in the $2634 area at the start of the Asian trading session on Tuesday (7/1)
This was driven by traders considering the risks to global trade under the new US administration, with President-elect Donald Trump denying reports that he might moderate plans for blanket tariffs.
The gold price at the time of this news release was -0.5% or at $2634/Toz.
RECOMMENDATION
- Buy if the price moves to around $2639
- Sell if the price moves to around $2629
Resistance Level 2: $2639
Resistance Level 1: $2646
Support Level 1: $2629
Support Level 2: $2622
DISCLAIMER
Note: This article is only an analysis and not a definitive reference. Pay attention to developments in fundamental and technical aspects in trading before making investment decisions.
Source: Newsmaker