Gold Continues Downward Correction
Gold halted its recovery momentum and returned to the red zone.
Gold's rebound faced resistance from renewed buying interest in the US dollar amid widespread risk aversion. Easing US-China trade tensions also helped strengthen the USD, further weighing on gold.
The gold price at the time of this analysis was released was at $4,066
- Buy if the price is above $4,060
- Sell if the price is below $4,073
Resistance 2: $4,080
Resistance 1: $4,075
Support 1: $4,055
Support 2: $4,045
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