Gold Steady After Hitting ATH
Gold rose to a record high as concerns about a widening trade war remained top of mind for investors, after President Donald Trump pushed ahead with U.S. tariffs on all auto imports.
Gold is on track for a fourth weekly gain, with prices supported by rising demand for safe haven assets. Markets are also bracing for a fresh round of trade levies on April 2 as the White House prepares to implement so-called reciprocal tariffs. The exact scope of the plan is unclear.
RECOMMENDATIONS
- Buy if price moves to $3,077
- Sell if price moves to $3,067
Resistance Level 2: $3,091
Resistance Level 1: $3,084
Support Level 1: $3,060
Support Level 2: $3,053
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