Gold Down In Europe
Gold prices maintained modest intraday losses through the early European session, although there was no follow-through selling and remained close to a two-week high hit on Friday.
The renewed optimism fueled by US President Donald Trump’s decision to delay the imposition of tariffs on the European Union (EU) prompted profit-taking around the safe-haven commodity, especially after last week’s strong rally of nearly 5%.
RECOMMENDATIONS
- Buy if price moves to $3,341
- Sell if price moves to $3,327
Resistance 2: $3,355
Resistance 1: $3,348
Support 1: $3,320
Support 2: $3,313
Note: This article is analysis only and is not a definitive reference. Please pay attention to fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id