Gold prices remained trading above the $2,900 level until the end of this week after Tuesday's increase exceeded that level.
Although not showing any further price increases, analysts see the appeal of gold assets remaining good in a risky market environment.
The tariff war subsided for a while when on Thursday, President Donald Trump once again suspended Mexico and Canada tariffs after only a few days of the tariffs being reintroduced.
The focus at the end of the week is on the United States (US) NFP jobs report which is expected to also influence the current movement in gold prices.
Examining the XAU/USD price chart which measures the value of gold against the US dollar, the 2900.00 level is seen to have prevented several attempts for a price drop from occurring.
Until the Asian session this morning (Friday), the level continued to be tested but the price rebounded.
Price movement remains slow above 2900.00 heading into the European session open as prices test the Moving Average 50 (MA50) resistance line on the 1-hour chart.
If prices are able to break out of the horizontal zone these past few days, a new weekly high will be recorded after surpassing last Wednesday's level around 2930.00.
Next, prices that continue to rise will approach the peak zone at 2950.00 again with the potential to break the previous all-time high (ATH).
On the other hand, if there is a price drop below 2900.00, gold trading is likely to end bleakly at the end of this week.
Next, the 2880.00 zone will be surpassed with the price decline continuing before last week's low, which was reached around 2833.00, will be tested.
