Gold Stubbornly Above $5,000!
Gold remained above $5,000 for a second day as the dollar weakened and investors increasingly sought safety amid geopolitical risks and a flight from bonds and currencies.
The market is also considering Trump's tariff threat to South Korea and awaiting the Fed's stance, which could determine whether gold's rally continues or begins to slow.
The gold price at the time of this analysis was $5,063
- Buy if the price is at $5,072
- Sell if the price is at $5,012
Resistance 2: $5,152
Resistance 1: $5,112
Support 1: $4,992
Support 2: $4,952
Disclaimer
This article is analytical in nature and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id