Gold Drops More Than 2%
Gold fell on Thursday (01/05) to a two-week low on signs of potential progress in trade talks between the U.S. and other countries, denting demand for haven assets despite concerns about a weakening economy.
Prices fell as much as 2.15% as market sentiment improved on Wall Street after National Economic Council Director Kevin Hassett said the Trump administration was making progress in tariff talks.
RECOMMENDATION
- Buy if price moves to $ 3,220
- Sell if price moves to $ 3,210
Resistance Level 2: $ 3,234
Resistance Level 1: $ 3,227
Support Level 1: $ 3,203
Support Level 2: $ 3,196
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