Gold in Positive Area Ahead of NFP Data
Gold bullion prices edged up on Friday (3/7) so far this week. Concerns have mounted over U.S. President Donald Trump’s move to impose the largest tariff increase in a century, which has sparked retaliation from several countries and unsettled investors.
Economists largely anticipate the levies will lead to higher prices for consumers and slower growth, posing a challenge to the Federal Reserve’s dual mandate as it seeks to promote price stability and maximum employment.
RECOMMENDATION
- Buy if price moves to $2,923
- Sell if price moves to $2,913
Resistance Level 2: $2,937
Resistance Level 1: $2,930
Support Level 1: $2,906
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
