This is Why Gold Prices Form New ATH
After hitting a new record high on Friday, the precious metal still has room to rise as the trade war boosts safe haven demand.
Concerns about the impact of Trump's policies on the global economy have investors seeking valuable assets such as gold and the Japanese yen. This is what drove the price of gold to touch the level of $ 2,830 on Monday (3/2)
At the time of writing this article, gold was at $ 2,815
RECOMMENDATION
- Buy if the price moves to $ 2,820
- Sell if the price moves to $ 2,810
Resistance Level 2: $ 2,825
Resistance Level 1: $ 2,820
Support Level 1: $ 2,810
Support Level 2: $ 2,805
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