Gold Up Slightly and Holds Near ATH
Gold prices are near their highest levels today ahead of the European session. Gold is trading at $2,944 per ounce, and is likely to be stable.
While Tim Waterer, chief market analyst at KCM Trade said, "Disappointing US macro data at the end of last week has chased the dollar, which has opened the door higher for gold,".
"With trade uncertainty not looking to go away anytime soon, gold could still aim for another record high this week."
As of this writing, gold is at $2,944
RECOMMENDATION
- Buy if price moves to $2,939
- Sell if price moves to $2,949
Resistance Level 2: $2,955
Resistance Level 1: $2,949
Support Level 1: $2,939
Support Level 2: $2,933
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