Gold Prices Weaken Slightly
Gold (XAU/USD) price has broken its previous all-time high and made a new record high of $2,942 in trading on Tuesday (11/2) morning before turning lower that day.
Meanwhile, United States (US) President Donald Trump has imposed a 25% tariff on steel and aluminum imports for all countries starting March 12, while China has quietly imposed retaliatory tariffs on some US goods.
RECOMMENDATION
- Buy if the price moves to $2,911
- Sell if the price moves to $2,897
Resistance Level 2: $2,925
Resistance Level 1: $2,918
Support Level 1: $2,890
Support Level 2: $2,883
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