Gold prices moved little in Asian trade on Tuesday as traders kept to the sidelines in want of more cues on a potential Russia-Ukraine peace deal, while anticipation of the Jackson Hole Symposium also spurred caution. Gold was nursing some losses from last week as markets bet that a meeting between U.S. President Donald Trump and Russian counterpart Vladimir Putin would herald a swift end to the Russia-Ukraine war. Trump also met Ukrainian President Volodymyr Zelensky and a cadre of European leaders on Monday.
Spot gold rose 0.1% to $3,337.31 an ounce, while gold futures for October rose 0.1% to $3,381.47/oz by 01:23 ET (05:23 GMT).
Intraday Trend : DOWN
Expecting correction up to 3354.14
Trading Strategy for today: Sell on Rise
Pivot Points : 3387.70, 3372.99, 3352.82, 3338.11, 3317.94, 3303.23, 3283.06
Trade setup
Pullback Sell around 3354.00, Higher Sell around 3364.80
Safe swing sell below 3323.40
Safe swing buy above 3375.50