Gold Nears $3,400
Gold (XAU/USD) maintained a strong bid tone throughout the first half of the European session on Monday (4/21) and is currently trading near an all-time high, just below the $3,400 mark.
US President Donald Trump's tough international trade policies have raised the possibility of a US recession, which continues to weigh on investor sentiment and benefit the precious metal which is a safe-haven asset.
RECOMMENDATION
- Buy if price moves to $3,401
- Sell if price moves to $3,387
Resistance Level 2: $3,415
Resistance Level 1: $3,408
Support Level 1: $3,380
Support Level 2: $3,373
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