Will Gold Hit a New All-Time High?
Gold prices rose in early European trading on Tuesday (1/21), following President Donald Trump’s inauguration on Monday and his announcement to raise taxes on Mexico and Canada early next month. Although he refrained from directly hitting China with import levies. Trump has proposed tariffs of up to 10% on global imports, 60% on Chinese goods, and a 25% surcharge on Canadian and Mexican products.
RECOMMENDATIONS
- Buy if price moves to $2,733
- Sell if price moves to $2,719
Resistance Level 2: $2,738
Resistance Level 1: $2,733
Support Level 1: $2,719
Support Level 2: $2,714
DISCLAIMER
Note: This article is only an analysis and not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id