Gold Poised for Further Gains
Gold (XAU/USD) maintained its intraday gains near a two-week high heading into Friday's European session, with investors awaiting a sustained move.
The increasing likelihood of a US Federal Reserve (Fed) interest rate cut in December proved to be a key factor continuing to benefit the non-yielding yellow metal.
The gold price at the time of this analysis was $4,170
- Buy if the price is above $4,165
- Sell if the price is above $4,175
Resistance 2: $4,185
Resistance 1: $4,178
Support 1: $4,163
Support 2: $4,155
Disclaimer:
This article is analytical in nature and does not constitute a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id