Gold Up In Europe
Gold prices edged up on Wednesday as a weaker dollar and escalating trade tensions between the United States and China boosted demand for the safe-haven metal.
Spot gold was up 0.1% at $3,355.46 an ounce, as of 0836 GMT. U.S. gold futures edged up 0.1% to $3,379.80.
The dollar index, which measures the greenback against a basket of six major currencies, fell 0.1%, making gold more attractive to holders of other currencies.
RECOMMENDATIONS
- Buy if price breaks above $3,356
- Sell if price breaks above $3,342
Resistance 2: $3,370
Resistance 1: $3,363
Support 1: $3,335
Support 2: $3,328
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