Spot gold closed yesterday with a 0.7% gain at 3344, but started today with a nearly 1% loss. The easing of trade tensions continues to support risk appetite to some extent. Statements related to these developments, along with key U.S. economic data set to be released today, could influence gold's price action.
Technically, if the support level at 3300 is broken, gold may target 3260. On the upside, the next resistance levels are seen at 3340 and 3370.
Technically, if the support level at 3300 is broken, gold may target 3260. On the upside, the next resistance levels are seen at 3340 and 3370.
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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.