Gold Trims Gains in European Session
Gold prices trimmed their gains ahead of entering the European session on Friday (6/6). This movement occurred because many investors preferred to wait for the release of important data from America tonight as a reference for future economic policy.
Nonfarm payrolls data to be released on Friday is expected to be lower for May, especially after a series of weak labor market data throughout the week. The US hiring trend has been hampered by increasing uncertainty over economic policy under Trump, especially his tariff agenda.
RECOMMENDATION
- Buy if the price breaks above $3365
- Sell if the price breaks above $3355
Resistance 2: $3375
Resistance 1: $3367
Support 1: $3353
Support 2: $3345
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