Gold Still Not Willing to Move Far
Gold prices were stable on Tuesday (3/25) in the European session.
After three consecutive days of losses, Gold is currently trading in the $3020 area.
"Uncertainty remains over the level and scope of upcoming US reciprocal tariffs ... gold continues to find support as a hedge against potential surprises," said IG market strategist Yeap Jun Rong.
Trump's tariff policy is widely considered to contribute to slowing economic growth, fueling further trade tensions, and fueling inflation.
RECOMMENDATION
- Buy if price moves to $3,025
- Sell if price moves to $3,020
Resistance Level 2: $3,030
Resistance Level 1: $3,025
Support Level 1: $3,020
Support Level 2: $3,015
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