Gold Stable in $3321 Area
Gold continued its decline when the market opened, at the beginning of the Asian session the price of gold moved in the range of $3315 - $3322. This was accompanied by signals of easing US-China trade tensions which reduced some of the demand for safe havens, while investors await key economic data this week to gauge the outlook for Federal Reserve policy.
RECOMMENDATION
- Buy if the price moves to $3,327
- Sell if the price moves to $3,312
Resistance Level 2: $3,332
Resistance Level 1: $3,327
Support Level 1: $3,312
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 -ads