Gold Down After Hitting New All-Time High
Gold prices fell on Thursday (4/17) as investors took profits after bullion hit an all-time high, with traders assessing tariff negotiations between the U.S. and Japan.
Spot gold fell 0.8% to $3,317.63 an ounce, as of 0717 GMT. Bullion has gained more than 2% this week. U.S. gold futures fell 0.5% to $3,330.60.
Bullion hit a record high of $3,357.40 earlier in the session and has gained more than 27% this year. RECOMMENDATION
- Buy if price moves to $3,333
- Sell if price moves to $3,319
Resistance Level 2: $3,347
Resistance Level 1: $3,340
Support Level 1: $3,312
Support Level 2: $3,305
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