Gold prices reversed and turned higher during European trading hours after a steep fall in the previous session, as investors fretted about an economic slowdown amid weak global manufacturing data and U.S.-European trade disagreements. The United States on Monday ratcheted up pressure on Europe in a long-running dispute over aircraft subsidies, threatening tariffs on $4 billion of additional EU goods, on top of products worth $21 billion that were announced in April. Meanwhile, factory activity shrank across much of Europe and Asia in June, while growth in manufacturing cooled in the United States. Weak data and increased risk, attracts investors to safe haven assets such as Gold, pushing prices higher
GOLD Support & Resistance Table - 02/07/2019
Support & Resistance Level Explanation
Resistance 2 1424.31 Daily R2
Resistance 1 1339.19 Daily R1
Support 1 1398.39 Daily S1
Support 2 1389.24 Daily S2


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