Gold Down as Trade War Eases
Gold prices fell more than 1% on Friday (4/25) and headed for a weekly decline on signs of a potential de-escalation in the U.S.-China trade war, including news that China is considering exempting some U.S. goods from tariffs.
Spot gold fell 1.5% to $3,299.69 an ounce by 0830 GMT. U.S. gold futures fell 1.1% to $3,310.20.
RECOMMENDATIONS
- Buy if price moves to $3,305
- Sell if price moves to $3,291
Resistance Level 2: $3,319
Resistance Level 1: $3,312
Support Level 1: $3,284
Support Level 2: $3,277
Note:
This article is only an analysis and is not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id