Gold prices slipped on Friday and are on track to end the week lower.
China denied any ongoing trade negotiations with the US, contradicting former President Trump's claims.
Despite this, markets are rallying on deal speculation, with traders rotating out of Gold and into equities.
Key Support and Resistance Levels
Resistance Level 1: 3392
Resistance Level 2: 3457
Resistance Level 3: 3500
Support Level 1: 3227
Support Level 2: 3173
Support Level 3: 3130
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
China denied any ongoing trade negotiations with the US, contradicting former President Trump's claims.
Despite this, markets are rallying on deal speculation, with traders rotating out of Gold and into equities.
Key Support and Resistance Levels
Resistance Level 1: 3392
Resistance Level 2: 3457
Resistance Level 3: 3500
Support Level 1: 3227
Support Level 2: 3173
Support Level 3: 3130
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
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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.