Gold Sluggish... Why?
Gold experienced a sharp decline in the precious metal on Friday, as traders weighed the latest developments in trade tensions and concerns surrounding the credit exposure of regional US banks.
At the end of a volatile week, gold bullion closed 1.7% lower, its biggest daily decline since May.
At the time of writing, Gold Price was at $4,253
- Buy if the price moves to the $4,245 area
- Sell if the price moves to the $4,260 area
Resistance 2: $4,267
Resistance 1: $4,260
Support 1: $4,245
Support 2: $4,238
Disclaimer:
This article is analytical in nature and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id