Gold Breaks Through $3100
Gold has again recorded a new record and broken through the $3100 area, the movement to this area occurred after market players were worried about what President Donald Trump would do which raised concerns about a global trade war. With reciprocal tariffs predicted to be implemented as soon as April 2, 2025.
The strengthening of gold that occurred last week to this week was supported by the increasing demand for valuable assets. Trump last week signed a decree to impose a 25% tariff on car imports,
RECOMMENDATION
- Buy if the price moves to $3,120
- Sell if the price moves to $3,110
Resistance Level 2: $3,127
Resistance Level 1: $3,122
Support Level 1: $3,106
Support Level 2: $3,094
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