Gold Continues to Create ATH
Gold prices moved at the level of $2068 at the start of the Asian trading session on Thursday (6/2). Gold continued to soar to a record high, after rising almost 1% in the previous session, as the initial attack of the US-China trade war triggered demand for safe haven assets.
The response from China has been relatively calm compared to Trump's first term, when Beijing retaliated with tariffs that were almost equal to the US, but there are still many concerns about the impact on the world's two largest economies.
RECOMMENDATIONS
- Buy if the price moves to $2,873
- Sell if the price moves to $2,863
Resistance Level 2: $2,878
Resistance Level 1: $2,873
Support Level 1: $2,863
Support Level 2: $2,858
Note: This article is only an analysis and not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
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