Gold Moves in $2918 Area
Gold prices are steady in the $2018 range in Europe and ahead of US Inflation data.
Investors weigh Trump's latest move to ease his trade war threat against Ontario just hours after he said he would double tariffs on Canadian steel and aluminum to 50%. The president also downplayed the risk of a recession caused by the tariffs.
RECOMMENDATION
- Buy if price moves to $2,923
- Sell if price moves to $2,918
Resistance Level 2: $2,929
Resistance Level 1: $2,923
Support Level 1: $2,918
Support Level 2: $2,912
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