Gold Stable, Still Comfortable in the $3129 Area
Gold was stable in early European trading on Wednesday (2/4) and remained close to the all-time peak reached the previous day.
Meanwhile, Investors remain concerned about US President Donald Trump's aggressive trade policies and their impact on the global economy. In addition, persistent geopolitical tensions have turned out to be a major factor acting as a driver for safe-haven bullion.
RECOMMENDATION
- Buy if price moves to $3,134
- Sell if price moves to $3,124
Resistance Level 2: $3,134
Resistance Level 1: $3,139
Support Level 1: $3,124
Support Level 2: $3,119
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