Gold Down as US Jobs Data Improves
Gold prices fell more than 1% on Tuesday (03/6) as jobs data from the United States (US), which revealed that the labor market remains tight.
Investors' mood turned optimistic after the release of the latest US Job Openings & Labor Turnover Survey (JOLTS), which showed that job openings rose sharply in April. The data was positive, ahead of a busy week with the release of much-anticipated jobs data.
RECOMMENDATIONS
- Buy if price breaks above $3,357
- Sell if price breaks above $3,347
Resistance 2: $3,371
Resistance 1: $3,364
Support 1: $3,340
Support 2: $3,333
Note: This article is for analytical purposes only and is not a definitive reference. Pay attention to fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id