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Indonesia News Portal for Traders | Financial & Business Updates

3 February 2025 17:21  |

Gold Regains Stability in Europe

Gold (XAU/USD) prices steadied from most of their intraday losses and climbed back closer to the $2,800 mark in Europe on Monday (3/2). Bullion traded just below $2,790 an ounce, with the dollar surging beyond haven demand as the world braces for a trade war after President Donald Trump imposed tariffs on Canada, Mexico and China.

As of this writing, Gold is at $2,798

RECOMMENDATION

- Buy if price moves to $2,803

- Sell if price moves to $2,793

 

Resistance Level 2: $2,817

Resistance Level 1: $2,810

 

Support Level 1: $2,786

Support Level 2: $2,779

Note: This article is analysis only and is not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.

Source: Newsmaker.id

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