Gold Recovers at the End of the Week!
Gold is headed for a weekly gain after volatile trading, with investors assessing trade tensions and the possibility of a U.S. interest rate cut.
Bullion was steady near $3,360 an ounce, about 1% higher this week, after hitting a record high on Tuesday before a sharp two-day decline. U.S. President Donald Trump vowed that his government was talking to China about trade, although Beijing has denied that negotiations are underway.
RECOMMENDATION
- Buy if price moves to $3,354
- Sell if price moves to $3,344
Resistance Level 2: $3,359
Resistance Level 1: $3,354
Support Level 1: $3,344
Support Level 2: $3,339
Note:
This article is only an analysis and not a definitive reference. Pay attention to fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id