Gold prices move higher amid trade war concerns
Gold prices (XAU/USD) recovered after hitting a one-week low in the previous session. The ongoing uncertainty and fears of instability around US President Donald Trump's tariff plans provided some support to the yellow metal, a traditional safe-haven asset.
As of this writing, Gold prices are at $2,919
RECOMMENDATION
- Buy if price moves to $2,915
- Sell if price moves to $2,925
Resistance Level 2: $2,939
Resistance Level 1: $2,929
Support Level 1: $2,909
Support Level 2: $2,899
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