Gold Continues Decline
Gold hovered around $3,083 early in the European session on Friday, Thursday’s selloff following President Trump’s blanket tariff announcement created a more attractive entry point for investors to take a long position—or an increase in value—in gold, Goldman Sachs analysts said in a note.
On the other hand, gold prices remain structurally supported by continued emerging market central bank buying
RECOMMENDATION
- Buy if price moves to $3,087
- Sell if price moves to $3,076
Resistance Level 2: $3,092
Resistance Level 1: $3,087
Support Level 1: $3,076
Support Level 2: $3,071
Note:
This article is only analysis and not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id