Gold Stable at $3,325
Gold was steady at $3,325 in the European session on Friday (9/5). On the other hand, progress in global trade negotiations after the US announced a deal with the UK and ahead of a thaw-out meeting with China has eased demand for safe-haven assets in recent days.
However, market observers said investors were wary of the limited scope of the UK agreement and were looking at the upcoming meeting between Washington and Beijing with cautious optimism, as negotiations could be long and drawn out.
RECOMMENDATION
- Buy if the price moves to $3,330
- Sell if the price moves to $3,320
Resistance Level 2: $3,335
Resistance Level 1: $3,330
Support Level 1: $3,320
Support Level 2: $3,315
Note: This article is only an analysis and not a definitive reference. Pay attention to fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id