Gold Down, Ready for a Rise?!
Gold prices are under pressure amid uncertainty surrounding US trade negotiations, ahead of the July 9 tariff deadline. Spot gold fell 0.4% to around $3,325 an ounce, after posting a nearly 2% gain the previous week.
Investors are currently cautious, waiting for clarity on the direction of President Donald Trump's tariff policy. Although gold remains a safe haven asset amid global geopolitical and economic risks, the market tends to move sideways due to the lack of clear short-term catalysts.
As of this news release, Gold Prices Are at $3,325
Recommendations:
Buy if the price breaks above $3,319
Sell if the price breaks below $3,331
Resistance 2: $3,337
Resistance 1: $3,331
Support 1: $3,319
Support 2: $3,316
Note: This article is intended for analysis and is not a definitive reference. Always pay attention to fundamental and technical developments before making investment decisions.
Source: Newsmaker.id