Gold Shows Its Strength, New ATH $2921
Gold prices continued their record on Tuesday (11/2) and broke through the key level of $2,921 for the first time, supported by safe haven demand as US President Donald Trump's new tariff threats amplified concerns about trade wars and inflation.
Meanwhile, Investors will focus on Federal Reserve Chairman Jerome Powell's testimony before Congress on Tuesday and Wednesday for clues on the trajectory of monetary policy.
RECOMMENDATIONS
- Buy if the price moves to $2,923
- Sell if the price moves to $2,813
Resistance Level 2: $2,928
Resistance Level 1: $2,923
Support Level 1: $2,813
Support Level 2: $2,808
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