Gold Is in Neutral Area
Gold prices were trading at $3,247 early in the Asian session on Thursday (1/5) as news that the Trump administration was close to announcing the first phase of a deal that would reduce planned tariffs on several countries also eased some concerns about the outlook for global trade. The easing of the US-China tariff war has caused Gold prices to be at normal levels.
RECOMMENDATION
- Buy if the price moves to $3,352
- Sell if the price moves to $3,342
Resistance Level 2: $3,357
Resistance Level 1: $3,352
Support Level 1: $3,342
Support Level 2: $3,237
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