Gold Trims Some Losses in US Session
Gold prices pared some losses on Wednesday (4/30) as speculation that the US Federal Reserve will cut interest rates increased after US growth in the first quarter was weaker than expected.
Bullion had fallen more than 1% earlier in the session, but was on track to post a fourth straight monthly gain, rising 6% so far in April.
RECOMMENDATIONS
- Buy if price moves to $ 3,313
- Sell if price moves to $ 3,303
Resistance Level 2: $ 3,327
Resistance Level 1: $ 3,320
Support Level 1: $ 3,296
Support Level 2: $ 3,289
Note:
This article is only analysis and not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id