Gold Stable in Positive Area
Gold prices moved in the $3361 area at the start of the Asian trading session on (04/06) after falling more than 1% on Tuesday after jobs data from the United States (US), which revealed that the labor market remains tight.
Trump signed a directive that raised steel and aluminum tariffs to 50% from 25%. Meanwhile, China this week claimed the US had "seriously undermined" the recent ceasefire, and the European Union warned of new countermeasures if the US followed through on its tariff threats.
RECOMMENDATION
- Buy if the price breaks above $3,371
- Sell if the price breaks above $3,351
Resistance 2: $3,381
Resistance 1: $3,371
Support 1: $3,351
Support 2: $3,341
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