Gold Resumes Decline
Gold fell to a two-week low on Thursday (1/5) as a stronger dollar and easing trade tensions dented the metal's safe-haven appeal, while investors awaited the U.S. nonfarm payrolls report.
Spot gold fell 1.6% to $3,235.55 an ounce by 0629 GMT, after hitting its lowest since mid-April.
RECOMMENDATIONS
- Buy if price moves to $3,229
- Sell if price moves to $3,215
Resistance Level 2: $3,243
Resistance Level 1: $3,236
Support Level 1: $3,208
Support Level 2: $3,201
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