Gold Prices Fall!
Gold held steady at $3,337/oz following the US-EU tariff agreement, but the market remains preoccupied with discussions about the implementation and direction of US-China negotiations. Sentiment remains positive thanks to low interest rates and geopolitical tensions, although this week's NFP data and Fed comments could be game-changers.
Prices held above the $3,320 support but lost momentum. A break below $3,360 could push the price to $3,400, while a break below $3,320 would signal a correction to $3,280.
Gold was at $3,337/oz at the time of writing.
- Buy if the price moves to around $3,342
- Sell if the price moves around $3,332
Resistance Level 2: $3,347
Resistance Level 1: $3,342
Support Level 1: $3,332
Support Level 2: $3,327
DISCLAIMER
Note: This article is analytical only and is not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id (ayu)