Gold Rises on Weak US Data
Gold rose on Wednesday, supported by a weaker dollar and weak US data, as investors grappled with rising economic and political uncertainty.
US President Donald Trump said his Chinese counterpart Xi Jinping was tough and “very difficult to deal with”, just days after accusing Beijing of breaking a deal to lift tariffs.
RECOMMENDATIONS
- Buy if price breaks above $3,380
- Sell if price breaks above $3,370
Resistance 2: $3,394
Resistance 1: $3,387
Support 1: $3,363
Support 2: $3,356
Note: This article is for analytical purposes 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