Amid growing global uncertainty—especially following statements by Trump—demand for spot gold remains strong. However, with the start of some negotiations with certain countries, the precious metal experienced profit-taking, declining by 0.8% yesterday to close at 3211. Meanwhile, trade war-related news, which continues to weaken markets, remains a key focus for investors.
In this context, gold may aim to maintain its upward trend as long as it stays above the 3200 level. If the price rises, the levels of 3245 and 3275 appear as successive resistance points. On the other hand, if the 3200 support is broken, the 3168 level may come into play.
In this context, gold may aim to maintain its upward trend as long as it stays above the 3200 level. If the price rises, the levels of 3245 and 3275 appear as successive resistance points. On the other hand, if the 3200 support is broken, the 3168 level may come into play.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.