Gold Remains Pressured Amid Positive Risk Sentiment
Gold (XAU/USD) remained under pressure throughout the early European session on Monday, despite maintaining its gains amid mixed fundamental signals.
Generally positive sentiment in equity markets weakened demand for traditional safe-haven assets and pulled the precious metal away from its highest level since October 20, reached on Monday.
However, dovish expectations from the US Federal Reserve (Fed) acted as a boost for the non-yielding yellow metal and helped limit further declines.
Gold Price at the time of this analysis was released was at $4,213
- Buy if the price is at $4,207
- Sell if the price is at $4,225
Resistance 2: $4,227
Resistance 1: $4,220
Support 1: $4,205
Support 2: $4,195
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