Gold Prices Ahead of Important Data
Gold held steady at $3,321/oz in European trading on Tuesday (July 29th). Following the US-EU tariff agreement, 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 the Fed's comments could be game-changers.
Market participants are currently awaiting important data, which will be released tonight at 9:00 PM WIB. The results of this data could lead to speculation ahead of the FOMC meeting.
The gold price at the time of writing was $3,321/oz.
- Buy if the price moves to around $3,326
- Sell if the price moves around $3,314
Resistance 2: $3,332
Resistance 1: $3,326
Support 1: $3,314
Support 2: $3,308
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)