Gold Recovers From 2-Week Low
Gold rose on Friday (2/5) as investors rushed to buy the metal a day after prices hit a two-week low amid easing trade tensions, while market focus shifted to the U.S. nonfarm payrolls report due later in the day.
Gold hit its lowest level since mid-April in the previous session and has fallen nearly 2% so far this week, its sharpest weekly decline since late February.
RECOMMENDATION
- Buy if price moves to $3,266
- Sell if price moves to $3,252
Resistance Level 2: $3,280
Resistance Level 1: $3,273
Support Level 1: $3,245
Support Level 2: $3,338
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