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