Gold Holds Gains In European Session
Gold (XAU/USD) prices moved higher on Tuesday (04/03) after surging more than 1% the previous day. The recent increase came after United States (US) President Donald Trump confirmed on Monday that tariffs on Canada, Mexico, and China are underway.
Meanwhile, Canada and China have rejected the unilateral tariffs imposed by the US. A statement released by Canadian Prime Minister Justin Trudeau's office confirmed that Canada will impose retaliatory tariffs on US imports starting Tuesday if the US tariffs go into effect.
RECOMMENDATIONS
- Buy if price moves to $2,919
- Sell if price moves to $2,909
Resistance Level 2: $2,933
Resistance Level 1: $2,926
Support Level 1: $2,902
Support Level 2: $2,895
Note:
This article is only an analysis and not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id