Gold Continues Its Rise
Gold rose to a near record high on Monday (4/21) at the start of the Asian trading session. There are still many factors that can support the movement of Gold to rise. One of them is because the weakening US-led trade war supports demand for safe haven assets, with data due in the coming days that may highlight early signs of damage to the global economy.
On the other hand, the movement of the dollar also affects the movement of Gold, for now the DXY is at the level of $ 98, this is a negative level, during Donald Trump's term by providing a number of terrible policies for the world, it also worries the USD currency.
RECOMMENDATION
- Buy if price moves to $3,359
- Sell if price moves to $3,349
Resistance Level 2: $3,364
Resistance Level 1: $3,359
Support Level 1: $3,349
Support Level 2: $3,344
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
