Gold Prices Drop to $3,400 Amid Strengthening Market Risk Sentiment
Gold (XAU/USD) prices extended its steady intraday decline from near two-month tops and eased to the $3,400 range during the early European session on Monday.
A generally positive sentiment around equity markets was seen as a key factor undermining the safe-haven bullion, which now seems to have snapped three consecutive days of winning streak.
RECOMMENDATION
- Buy if price breaks above $3,419
- Sell if price breaks above $3,405
Resistance 2: $3,433
Resistance 1: $3,426
Support 1: $3,398
Support 2: $3,391
Note: This article is for analytical purposes only and is not a definitive reference. Please pay attention to the fundamental and technical developments in the trade before making any investment decisions.
Source: Newsmaker.id