Gold Down as Trade War Eases
Gold (XAU/USD) prices plunged on selling pressure from traders, bringing the bullion price to $3,295 at the time of writing on Monday.
The correction came after an ABC television interview with US Treasury Secretary Scott Bessent on Sunday, who said that several large transactions were being discussed with Asian countries.
RECOMMENDATIONS
- Buy if the price moves to $3,304
- Sell if the price moves to $3,290
Resistance Level 2: $3,318
Resistance Level 1: $3,311
Support Level 1: $3,283
Support Level 2: $3,276
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