Spot gold closed yesterday with a 1.75% loss, settling at 3,306, following the announcement of a trade agreement between the United States and the United Kingdom. President Trump also stated that significant trade talks with China are expected to take place at the end of the week, with a potential 145% reduction in tariffs—developments that could impact the markets and increase volatility at the start of next week.
This morning, gold is showing a slight upward bias, though price action for the remainder of the day is likely to remain sideways and limited.
Technically, the levels of 3,334 and 3,360 are seen as potential resistance, while 3,310 and 3,287 act as key support levels in case of a pullback.
This morning, gold is showing a slight upward bias, though price action for the remainder of the day is likely to remain sideways and limited.
Technically, the levels of 3,334 and 3,360 are seen as potential resistance, while 3,310 and 3,287 act as key support levels in case of a pullback.
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