Gold Holds at $3130 Ahead of US Economic Data
Gold prices held at the $3130s after previously setting a new record at $3149 today. The new record occurred after investors worried that the new tariffs that Trump will impose on April 2 and 3 could trigger a global trade war.
Another issue that supports gold's movement is the geopolitical uncertainty in the Middle East and the lack of certainty of peace between Russia and Ukraine. Currently, traders are still waiting for the release of economic data from the United States.
RECOMMENDATION
- Buy if the price moves to $3139
- Sell if the price moves to $3129
Resistance Level 2: $3149
Resistance Level 1: $3140
Support Level 1: $3126
Support Level 2: $3119
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