Gold Holds Stable in Positive Area
Gold prices maintained their negative bias through the early European session on Thursday (1/23), although there was no follow-through selling and remained close to the highest level since early November hit the previous day.
Uncertainty surrounding US President Donald Trump’s tariff plans, which could trigger a trade war and increase market volatility, should help limit losses for XAU/USD, warranting caution before confirming that the month-long uptrend has run out of steam.
RECOMMENDATION
- Buy if price moves to $2,759
- Sell if price moves to $2,750
Resistance Level 2: $2,766
Resistance Level 1: $2,759
Support Level 1: $2,750
Support Level 2: $2,743
DISCLAIMER
Note: This article is analysis only and not a definitive reference. Keep in mind the fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id