Gold Recovers After Sharp Drop
Gold strengthened after its sharpest one-day drop this year as traders analyzed mixed signals from the U.S. on China tariff plans.
Bullion rose above $3,330 an ounce, after suffering its biggest one-day drop since November in the previous session. Among the latest signals from Washington, Treasury Secretary Scott Bessent cast doubt on a timely resolution of the U.S.-China trade war. That followed more conciliatory remarks from President Donald Trump.
RECOMMENDATIONS
- Buy if price moves to $3,335
- Sell if price moves to $3,321
Resistance Level 2: $3,349
Resistance Level 1: $3,342
Support Level 1: $3,314
Support Level 2: $3,307
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