Gold Heads Towards $3,030
Gold fell slightly in the early European session on Wednesday (03/19), correcting slightly lower to near $3,030 at the time of writing. After climbing higher and hitting a new all-time high of $3,045 earlier in the day.
The positive move came after headlines emerged that authorities had detained Istanbul Mayor Ekrem Imamoglu, a major political rival of President Tayyip Erdogan, on charges including corruption and aiding a terrorist group.
RECOMMENDATION
- Buy if price moves to $3,034
- Sell if price moves to $3,024
Resistance Level 2: $3,040
Resistance Level 1: $3,034
Support Level 1: $3,024
Support Level 2: $3,018
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