Gold Rises to New ATH, Welcome $3200!
Gold rose to a new record high on Friday (4/11) as concerns about the impact of tariffs on the global economy continued to drive investors to seek safety in the precious metal even after U.S. inflation data eased.
Bullion edged higher in early Asian trade on Friday (4/11) to above $3,204 an ounce. That surpassed the previous record set in the previous session, when it closed more than 3% higher for a second straight day.
RECOMMENDATIONS
- Buy if price moves to $3,214
- Sell if price moves to $3,194
Resistance Level 2: $3,224
Resistance Level 1: $3,214
Support Level 1: $3,194
Support Level 2: $3,184
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