Gold Gains Amid Weakening Dollar
Gold (XAU/USD) struggled to capitalize on its modest intraday uptick from a one-week low and remained below the $2,900 level through the Asian session on Tuesday (11/03).
Uncertainties surrounding US President Donald Trump’s trade policies and its impact on the global economy continued to weigh on investor sentiment.
This, in turn, helped the safe-haven bullion to attract some intraday dip buyers near the $2,880 region.
RECOMMENDATIONS
- Buy if price breaks above $2,902
- Sell if price breaks above $2,888
Resistance Level 2: $2,916
Resistance Level 1: $2,909
Support Level 1: $2,881
Support Level 2: $2,874
Note:
This article is only an analysis and not a definitive reference. Consider the fundamental and technical developments in the trade before making any investment decisions.
Source: Newsmaker.id